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On December 16 an extraordinary meeting of Norilsk Nickel shareholders was held. The shareholders approved of dividends in the amount of 604.09 rubles per ordinary share ($9.48) to be paid for January-September. The total amount of dividends reaches 95.59 billion rubles ($1.5 billion). (Ukrainian metal)
DetailsSibcable has put into operation two new high-speed winding machines. Their cost is some 320 thousand euros. The machines will operate in the shop No. 6, which produces mine and excavator cables, as well as ordinary power cables. (Ukrainian metal)
DetailsPolyus Verninskoye has fulfilled its annual output plan 3 weeks in advance. One of the reasons of such results is the increase of the gold-processing factory average capacity. Delays in its operation decreased by 200 hours. In 2018 Polyus Verninskoye mined 7024 kg of gold. (Ukrainian metal)
DetailsBeloretsk Iron and Steel Works has confirmed its certificates for the steel ropes made according to American standards. In particular, the Diagnostica LLC specialists checked 6- and 8-strand steel ropes. Such ropes are used at drilling rigs in oil and gas industry. The confirmed certificate is valid through 2020. (Ukrainian metal)
DetailsAlexei Kushnarev, Evraz NTMK managing director, has signed a contract with Danieli on the reconstruction of the rail and beam shop. The value of the contract is 80 million euros. The modernization is expected to be completed in 2022. The capacity of the mill will grow from 800 thousand tons to 950 thousand tons of…
DetailsKrasniy Octyabr has passed the supervisory audit by TUV SUD. The experts have checked the fulfillment of the requirements of certificates issued in 2018 – ISO 9001 and ISO 14001. Next year another interim check will be made, while in 2021 the company will have to undergo the complete audit again to receive certificates. The…
DetailsIn January-September Metinvest EBITDA decreased by 39% YoY, to $1.234 billion. This was mostly due to a decrease of Metal EBITDA by $1.085 billion. At the same time, Mining EBITDA grew by $271 million. Moreover, average sale prices of metal products have decreased, while expenses have grown. In particular, expenses on raw materials increased by…
DetailsIn January-September Metinvest increase investments by 24% YoY, to $770 million. The share of strategic projects dropped to 35% from 39%. In particular, scheduled repairs of manufacturing facilities accounted for 65% (61%) The key project was the capital repair of Azovstal blast furnace No. 3 with the construction of pulverized coal injection system, completed in…
DetailsAs of September 30 Metinvest debt has decreased by 3% since the start of the year, to $2.656 billion. The decrease is due to a partial repayment of a pre-export financing and the deferred remuneration for the purchase of 24.77% in the Pokrovskoye Mine Group. In 9 months Metinvest attracted over $50 million as loans…
DetailsLaw enforcers of the Lviv region have uncovered the facts of miners used for personal purposes by the management of Lvivugol mines. For example one director has been exploiting 5 employees for several months in the constriction of a house on a land plot, belonging to his wife. Some miners were hired to work abroad,…
DetailsThis year the Krivbass miners team LLC, developing alluvial sites in the Magadan region, extracted 770 kg of gold. The amount was achieved jointly with the daughter company – Miners team named after Berzin LLC, owner of the license to prospect at the Tumaninskaya field. Last year the output totaled 602 kg of alluvial gold.…
DetailsIn November Korshunovsky Mining and Processing Works increased iron ore concentrate output by 12% YoY, to 201 thousand tons. Ore mining grew by 28% and excavation works – by 4%. Investments in the restoration of machinery in the past 4 months have exceeded 200 million rubles. (Ukrainian metal)
DetailsUchaly Mining and Processing Works has assembled a gyratory crusher of medium crushing manufactured by Uralmashzavod. The machine crushes ore before its processing into concentrate. The capacity of the crusher is 360-610 cubic meters of ore per hour. (Ukrainian metal)
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