Gold-extracting companies can obtain a right to receive general license to export gold and silver ingots instead of one-time licenses. The amendments to the legislations have been prepared by the Ministry of Industry and Trade. The ministry believes the current system is slowing the exports down. Unlike general licenses, one-time ones are seriously limited: they…Details
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The extraordinary meeting of Norilsk Nickel shareholders has set dividends for the first half of 2019 at 883.93 rubles per ordinary share (around $13.27). The total volume of funds to be spent on dividends will be 139.88 billion rubles ($2.1 billion). The date upon which the shareholders entitled to H1 dividends will be determined is…Details
In July Russia exported 10 thousand tons of ferrochromium, down by 18.5% MoM and by 0.6% YoY. Deliveries to China grew 3-fold, to 685 tons, and to the Netherlands – by 68%, to 7.3 thousand tons. Russia did not export to the USA in July, while in June its share was 32%. In 7 months…Details
In July Russia imported 111.3 tons of molybdenum ore, down by 62% MoM and by 54.8% YoY. Deliveries from the USA grew by 18%, to 47 tons, while from the Netherlands decreased from 128 tons to 64 tons. In 7 months imports totaled 1.8 thousand tons, down by 14.6% YoY. In monetary terms since the…Details
In August Mechel-Materials produced over 82 thousand tons of crushed stone and almost 44 thousand tons of mineral additives to concrete mixes, up almost 2-fold YoY. All the products were obtained as a result of metal manufacture wastes processing. Crushed stone output grew by 70%. In August the works processed over 126 thousand tons of…Details
Government of Kyrgyzstan has asked for two months to respond to the demands of activists on Jerooy deposit, civic activist Aibek Busurmankulov has reported. According to him, the organizers of the national assembly were received by the Prime Minister Mukhammedkaly Abylgaziev in Talas. “The head of the government has asked for two months. As you…Details
Miners in the western Georgian mining town of Tkibuli have stopped their protest as they have been promised to be paid their salaries, Georgian Minister of Economy Natia Turnava said after meeting with Saknakhshiri, a daughter company of Georgian Industrial Group (GIG) and miners. The company has a new Georgian investor, Steel Investment Trades Company,…Details
In July Russia exported 12.1 thousand tons of raw nickel, down by 12.2% MoM, but up by 40.4% YoY. Switzerland accounted for a third of deliveries, down by 20% MoM. In 7 months exports totaled 83.5 thousand tons, up by 8.3% YoY. In monetary terms since the start of the year exports have decreased by…Details
Since the start of the alluvial season, Dnepr-Gold LLC has extracted 500 kg of gold. The main volume of gold is washed at the sites in Taskan and Burhaky rivers valley. So far the company has exceeded its output target by 16.6%. Initially it was planned to extract 440 kg of gold. Moreover, Priiskatel LLC,…Details
Cherepovets Iron and Steel Works has mastered the manufacture of a new product. The first batch of the square with the size of 125×125 mm has been produced at the mill-350. This complex product is used to produce springs for cargo machines, commercial transport and buses. The square has been developed at the customer’s request…Details
NLMK Lipetsk, NLMK Group’s flagship production site, has embarked on the development of project documentation and site preparation for the construction of a new recovery power plant running on by-product gases from steelmaking operations. The power plant will have a capacity of 300 MW. NLMK Group plans to invest 35 million rubles into the project.…Details
At the Extraordinary General Shareholders’ Meeting (EGM) held on September 27, NLMK shareholders approved the payment of Q2dividends of 3.68 rubles per share. The total amount of Q2 dividends payable to shareholders is equivalent to 136% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period. The date upon…Details
The national assembly on Jerooy gold deposit, scheduled for October 1, was canceled. According to the organizers, they received information about threat of disruption of the event and its use for political purposes. “We can’t voice names, but apparently, there were people among us, who pursued their goals. There is information about possible provocations, we…Details