Russia: MMK to pay dividends for Q3 2017

Shareholders of the Magnitogorsk Iron and Steel Works decided to pay dividends for the operation in Q3 in the amount of 1.111 rubles per ordinary share. The total amount is around $209 million, or 59% of the company funds. This corresponds to the dividend profit of 2.5%. The shareholders entitled to receive dividends will be…

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Russia: Tulachermet to get special crane

Following the construction of a ladle crane for Evraz ZSMK, Uralmashzavod is working on a special crane for Tulachermet.

The machinery will be used at the new iron and steel works being built in the city of Tula.

For Tulachermet-Steel Uralmashzavod has already produced 10 cranes. (Ukrainian metal)

Ukraine to cut anthracite consumption

Ukraine this year would reduce anthracite consumption to 5 million tons, which is almost 50% less than the figure for the previous year, the press service of the government has reported, referring to Deputy Prime Minister of Ukraine Volodymyr Kistion. “If earlier we consumed over 9 million tons of anthracite coal a year, at the…

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Ukraine: coal imports exceed 17 million tons

In January-November Ukraine imported 17.376 million tons of coal valued at $2431.05 million. According to the State Fiscal Service, Russia supplied $1370.08 million worth of coal (56.36%), USA – $603.79 million (24.84%), Canada – $149.86 million (6.16%), and other countries – $307.3 million (12.64%). At the same time Ukraine exported some $54.828 million worth of…

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Russia: Vostsibugol starts developing Nygdinskaya site

Vostsibugol has started industrial development of Nygdinskaya site and intends to mine some 60 thousand tons of coal in December.

The coal mined will be processed at the Kasyanovskaya factory or sent directly to local consumers.

Vostsibugol won the auction to develop the site in 2013, having paid 2.85 million rubles. (Ukrainian metal)

Uzbekistan: 4 investors to prospect gold deposits

The State committee on geology and mineral resources has this year attracted 4 foreign investors to prospect 10 gold deposits. The agreements have been signed with B2Gold (Canada), NordGold (UK), TUMAD (Turkey) and Shindong Resources (South Korea). Gold reserves on these deposits are not revealed, but investments in prospecting could total $8 million. The agreements…

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