An extraordinary general meeting of MMK shareholders was held on September 27 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 0.690 rubles (including tax) per share for the second quarter of 2019. The dividends will be paid in cash by bank transfer within the period and…Details
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Russian aluminum giant UC RUSAL and power producer Unipro have agreed on direct power supplies with a discount to the market in order to settle their judicial dispute over the Berezovskaya GRES plant. Through the discount Unipro will compensate the entire sum of the suit of 386 million rubles, while RUSAL will agree not to…Details
The Cabinet of Ministers has proposed amendments to the 2019 state budget to provide UAH 1 billion in additional funding for the salaries of coal miners, according to the press service of the Energy and Environmental Protection Ministry. Also, improving the efficiency of enterprises, measures for modernizing and restructuring of the coal industry, introducing new…Details
Kyshtym Electrolytic Copper Plant has finished transferring its electrolysis shop to using stainless steel matrixes. Previously the company has been also using titanium matrixes to produce copper cathodes. In several stages 18 thousand matrixes have been replaced at the plant. Moreover, now all the electrolytic baths will be serviced by one Outotec machine instead of…Details
EPM-Chelyabinsk Electrode Works has shut down its anode manufacture. The decision has been taken due to a very unfavorable situation on world markets of graphite gray products, in particular, anode blocks, which are the main wares of the company. In less than a year the EPM-ChEZ anode price has dropped by more than 30%, making…Details
Before purchasing more air conditioners, Krasniy Octyabr will test its transport conditioner in the electric arc steel shop No. 2. The conditioner will be assembled in one of the bridge cranes. If the equipment copes with its work under high temperatures of the shop, similar equipment will be purchased for other shops as well. (Ukrainian…Details
As of September 1, Priisk Solovievskiy has extracted 230.2 kg of alluvial gold at its licensed sites in Zabaikalye region. This year the company has increased gold output by 40% and intends to extract some 300 kg of gold. The company is also operating in Amur region. There it has extracted 1727.1 kg of gold,…Details
A capital repair of one of the two electric arc furnaces is drawing to an end at the metal shop of the Norilsk Nickel Copper Works. The capacity of the furnace is 1.5 tons. Investments in the project amount to 16.8 million rubles. After the repair the furnace will be operating in the direct current…Details
From now on the Ivanteyevka warehouse of Korolevsky Pipe Works stores electric welded pipes with the diameter of 168, 219 and 273 mm and the wall thickness of 4 to 8 mm. The portfolio of warehouse stocks has been increased in the category of round sections. Rectangular and square sections are also available. (Ukrainian metal)Details
Since the start of the year Yerunakovskaya-VII mine has extracted 2 million tons of coking coal from the 48-6 long face. The 1-million ton-milestone was reached in June. A new long face with the reserves of 3 million tons of coal will soon be commissioned. It will be in development until late 2020. The coal…Details
Azovstal has repaired plate shop staff facilities. The shower rooms now have new systems of cold and hot water, heating and electricity network. The ventilation system has been repaired, new doors and windows have been installed, as well as personal lockers and hand-driers. Metinvest has provided 4.2 million UAH for the work. (Ukrainian metal)Details
From October 5 Dneprovsky Iron and Steel Works will shut down a part of its main shops in order to modernize them. “A number of major investment projects is planned at the works. We repair and modernize the manufacture to decrease footprint”, DCH Steel and DMZ CEO Vitaliy Bash said. The DCH investment program to…Details
A rally was held in Bishkek against amendments to the Law on Trade Unions. The Chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported that the protesters asked for a meeting with the President Sooronbai Jeenbekov. Protesters want to make their proposals to the proposed amendments to the law. “The amendments proposed…Details