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Metinvest Group’s Avdiivka Coke and Chemical Works in the Donetsk region suspended operation amid a blackout caused by the hostilities but managed to maintain autonomous power generation for the plant and to heat Avdiivka with coke gas. “We managed to maintain power generation and to heat the town with coke gas; we are waiting for…
DetailsShareholders of the private joint-stock company Severniy Mining and Processing Works, a part of Metinvest Group, have sent UAH 11.546 billion to pay dividends for 2014 and previous years. “At a general meeting of shareholders on January 30, it was decided to pay dividends implementing the draft decision,” the company reported. Some UA 1.545 billion…
DetailsShutdown of Metinvest Group’s Avdiivka Coke and Chemical Works (Avdiivka Coke) can lead to a humanitarian disaster in the town. As a result of the shelling that damaged the power transmission lines, the enterprise was experiencing power supply outage and had to proceed to hot mothballing. Should Avdiivka Coke come to a complete halt, the…
DetailsPolymetal International plc has increased its share in Vostochny Bazis LLC, which has the license to work at the Tarutinskoye copper deposits, from 75% to 100%. Polymetal bought the additional 25% from Geronesa Trading Ltd. Tarutinskoye is a typical gold-copper deposit and fits Polymetal strategy of creating processing hubs. The deposits will provide raw materials…
DetailsIn 2016 Yerunakovskaya-VIII mine produced 3 million tons of coal. Despite the difficult mining and geological conditions as well as the increased volume of gas Yerunakovskaya-VIII is the local mining leader. The mine was put into operation in February 2013. The coal concentrate mined there, after it is processed at Kuzhetskaya and Abashevskaya factories, is…
DetailsThe supervisory board of Evraz Yuzhkoks has dismissed the general manager of the company Sergei Burylin from his office. The new CEO is now Denis Koshkarov, the director of central laboratory of by-product coke chemistry manufacture at Evraz NTMK. Koshkarov has been appointed for 1 year – from February 1, 2017 through January 31, 2018.…
DetailsThe Federal Antimonopoly Service of Russia has postponed till February 13, the hearing of the case against Evraz, Severstal and Mechel companies in respect of the rebar price growth. In July 2016 FAS started investigation on the antimonopoly legislation violations on the market of rebars on behalf of Evraz, Severstal and Mechel enterprises. The price…
DetailsNord Gold acknowledges recent speculation regarding a possible delisting of the company’s global depositary receipts from the Official List and the London Stock Exchange. The Board of Directors continues to consider options for maximizing shareholder value, including a potential delisting of the company’s global depositary receipts, although no decision has been taken and there is…
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