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Head of Centerra Gold is expected to visit Kyrgyzstan at the end of November. The government will discuss with him payment of dividends, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev has announced at a meeting of the Parliament. According to him, the strategic agreement on Kumtor has entered into force. It was signed back in…
DetailsThe draft state budget for 2020 envisages UAH 140 million to support the program on increasing uranium mining in Ukraine, Minister of Energy and Environmental Protection Oleksiy Orzhel wrote on Facebook. “The new investment program provides for the allocation of UAH 140 million to boost domestic uranium mining,” wrote Orzhel. According to him, investing in…
DetailsAt night the Mariupol Ilyich Iron and Steel Works was on fire. The fire broke out in the transformer of the sheet-rolling shop-1700. The fire was localized in some 15 minutes and extinguished in 10 more. The reason of the fire is as yet unknown. There were no casualties. (Ukrainian metal)
DetailsPresident of Kazakhstan Kassym-Jomart Tokayev emphasized serious environmental problems in Akmola region. “There are serious environmental problems in the region. To improve the environmental situation it is necessary to solve the issues of atmospheric air pollution in the Shchuchinsk-Borovskoy resort area”, said the President. The Head of State reminded that he repeatedly spoke about the…
DetailsCherepovets Iron and Steel Works has completed the capital repair of the mill-2000. The modernization of the laminar cooling machine cost 2 billion rubles. The repair has been carried out over 14 days. With the machine modernized the company will be able to increase sales to oil and gas companies by 140 thousand tons per…
DetailsIn August Russia exported 5.2 thousand tons of long-rolled aluminum, down by 1.2% MoM and by 17.9% YoY. Deliveries to Germany dropped by 11%, to 1 thousand tons, and to US by 24%, to 410 tons. At the same time exports to Kazakhstan grew by 27%, to 736 tons, and to Belarus – by 9%,…
DetailsSberbank has financed the Russian Copper Company enterprises. A loan agreement of $326 million has been concluded with Kyshtym Electrolytic Copper Pant (KMEZ) and Karabashmed. The funds will be used to modernize the copper electrolysis shop and construct the copper shop at KMEZ and to improve copper capacities at Karabashmed. In particular, KMEZ will increase…
DetailsIn January-September Uralelectromed received 656.2 million rubles of net profit as opposed to 294.4 million rubles of net loss in 9 months of 2018. Revenue grew by 20.3%, to 35.5 billion rubles, while gross profit dropped by 22.6%, to 3.7 billion rubles. Accounts receivable totaled 5.5 billion rubles as opposed to 5.3 billion rubles last…
DetailsOn November 13 the Board of Directors of MMK approved a new version of the company’s dividend policy. In line with the new dividend policy, the Board of Directors of MMK will now be guided by the following established principles when making recommendations on dividend payments: – Тhe amount allocated for dividend payments will usually…
DetailsDuring the Belarus-Austrian business forum Belarus Iron and Steel Works has signed agreements with Austrian partners on exports in 2020. In particular, the company will supply over 270 thousand tons of metal products valued at some 100 million euros. The agreements were signed with Belmet and PisecGroup. BMZ and Austria have been cooperating for 35…
DetailsThe commission of the Tula-Steel Iron and Steel Works has been named the most important event in the Russian metal industry in 2019. The award ceremony took place during the Metal Expo’2019 exhibition. The works was put into operation in July. Its capacity is some 1.8 million tons of rolled metal. Investments reached 55 billion…
DetailsIn Surgut district Sverdlovsk Railroad transported 2.1 million tons of cargo in October, up by 1.3% YoY. In January-October transportation grew by 1.8% YoY, to 19.6 million tons. In particular the railroad transported 84.5 thousand tons of ferrous metals, up by 29.8%, and 28.7 thousand tons of metal wares, up by 0.3%. At the same…
DetailsSeverstal Steel Decisions has produced over 160 tons of metal structures for the construction of the second stage of the rubber goods plant in Kaluga region. In production the company used steel manufactured at Cherepovets Iron and Steel Works. In 2016 Severstal Steel Decisions produced and supplied some 450 tons of metal structures for the…
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