Russian Copper Company investments in the development of its mining and metal capacities in Russia and Kazakhstan will exceed $1 billion in 2019, up by 4% YoY. More than $900 million will be invested in Russia, including $652 million in mining. The main investment projects this year will be the construction of the Tominsky Mining…
DetailsThe annual shareholders meeting of Ferrexpo has approved record-high dividends for 2018 – $0.231 per share, up by 40% YoY ($0.165). Shareholders owing 99.73% of shares voted for the final dividends in the amount of $0.06 per share. The meeting also reviewed the company operational report for 2018, with 66.69% voting in favor of it,…
DetailsRussian aluminum giant RUSAL plans to finance its 2019 capex of $800-900 million with its own funds, CEO Yevgeny Nikitin declared. “Speaking about capital expenditures of the company in general, we forecast them at the level of the last year, I mean, about $800-900 million. Everything will be financed from our own money, we do…
DetailsThe shareholders of the Russian metals giant Norilsk Nickel have approved paying 792.52 rubles per common share, or a total of 125.4 billion rubles, in dividends for 2018. The record date is June 21. The company earlier paid 776.02 rubles per common share, or a total of 122.8 billion rubles, in interim dividends for 2018.…
DetailsThe Kharkiv territorial department of the Antimonopoly Committee of Ukraine has fined Megametalgroup and Donremtechmash for 544 thousand UAH for the breach of the competition legislation by corrupting the results of four tenders held by the state enterprise Selidovugol. The committee has studied four tenders with the total expected cost of 209.77 million YAH. It…
DetailsEnergomashspetsstal has shipped rolls to the Indian company Essar Steel. The total weight of the rolls was 154 tons. The corresponding agreement was signed in 2018. According to the document, EMSS has to produce 12 rolls for hot- and cold-rolling mills with the combined weight of 461.55 tons. The manufacturing cycle of each roll is…
DetailsPrices of gold and silver decreased in Azerbaijan on June 10 compared to the previous prices. The price of gold dropped by 7.871 manats, to 2,258.059 manats per ounce. The price of silver fell by 0.1359 manats, to 25.1671 manats per ounce. At the same time the price of platinum went up by 1.4535 manats,…
DetailsKolmar, Inaglinsky Mining and Processing Works and AVIC will jointly build a processing factory Inaglinskaya-2. The construction will be carried out in two stages. The first stage will be commissioned in 2020, and the second – in 2022. The capacity will reach 12 million tons of coal per year. Over 1 thousand jobs will be…
DetailsIn May, Noviy Put LLC, a part of Susumanzoloto, extracted 15.5 kg of gold, up more than 3-fold YoY. In the first washing month of last year the company extracted 4.1 kg of gold. The company extracts gold in the Yagodinskiy district of the Magadan region at the Shakh, Khatynnakh, Mokhovoy and At-Uryakh deposits. In…
DetailsIn May, Raspadskaya Coal Company sold 1.72 million tons of coal, up by 300 thousand tons YoY. The previous record was set in October 2017 – 1.59 million tons. In May, the average daily shipping was over 800 railroad cars. In 2018 Raspadskaya mined 23 million tons of coal and sold over 16.6 million tons.…
DetailsIn January-May, Ukraine exported 1.047 million tons of pig iron valued at $343.097 million, down by 22.7% and by 24.8% YoY respectively. According to the State Fiscal Service, the main customers were USA (58.95%), Italy (10.56%) and Turkey (8.69%). In 5 months Ukraine imported 455 tons of pig iron valued at $293 thousand, down from…
DetailsIn January-May, Ukraine imported 48.4 thousand tons of pipes valued at $77.8 million. In particular, seamless pipes accounted for 26.5 thousand tons ($42.9 million), pipes and tubes with the diameter from 406.4 mm – 6.5 thousand tons ($8.2 million), and other pipes and tubes – 15.3 thousand tons ($26.7 million). The main suppliers of seamless…
DetailsIn May Ukraine exported 54.3 thousand tons of pipes valued at $60 million, up by 8.3% and by 9% respectively. In 5 months pipes exports totaled 260 thousand tons valued at $288.2 million. According to the State Fiscal Service, seamless pipes accounted for 1867 thousand tons valued at $243.3 million, other pipes and tubes –…
DetailsAccording to forecasts, the budget of Kyrgyzstan will get 2 billion soms from holding of tenders for sale of licenses for fields, the Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use Myrza Zhamanbaev declared. Placement of objects for tenders is delayed due to the new law on mineral resources. The State…
DetailsOver the week, the price of one ounce of gold increased by 34.5525 manats or by 1.5%. Accordingly, the average price of one ounce of gold stood at 2,248.8535 manats. The price of one ounce of silver went up by 0.4069 manats or by 1.6%, to 25.0874 manats. The price of one ounce of platinum…
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