In January-March, Severstal net profit decreased by 7.2% YoY, to $428 million. EBITDA dropped by 6.1%, to $663 million. Compared with Q4 2018, net profit fell by 26%, and EBITDA – by 16.5%. The group net debt as of March 31, decreased by 30%, to $863 million. (Ukrainian metal)
DetailsAt a meeting held on April 19, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q1 dividends of 7.34 rubles per share at the Extraordinary General Shareholder Meeting (EGM) to be held on June 7. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q1 dividends of 7.34 rubles per…
DetailsThe newly elected Board of Directors of NLMK Group held its first meeting. Vladimir Lisin was re-elected as Chairman of the Board. The Board of Directors also approved the schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the Board Committees. Strategic Planning Committee: chairman – Oleg…
DetailsAt least 15,004 people have signed the petition against the project on development of uranium deposit in Issyk-Kul region. Collection of signatures continues. Last weekend, social networks’ users began collecting signatures against the project on development of Tash-Bulak uranium deposit. The author of the petition was Alena Khomenko. She invited everyone to sign the online…
DetailsGold production of Polyus increased by 19% YoY, but fell by 6% QoQ, to 600,700 ounces in January-March, the company said in a statement on April 23. Sales grew by 24% YoY, but dropped by 11% QoQ, to 570,000 ounces. Production on the Olimpiada deposit rose by 17%, to 248,300 ounces, on Blagodatnoye by 3%,…
DetailsPrime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev instructed to suspend work at the uranium deposit in Kyzyl-Ompol area, the Information Policy Department of the Government’s Executive Office reported. The head of the Cabinet held a meeting on the activities of YurAsia company in Kyrgyzstan. An interdepartmental working group was formed on December 31, 2018. Its participants…
DetailsRally at Tash-Bulak uranium deposit ended after a meeting with members of the Parliament, local journalist Anara Azhybekova reported. According to her, a meeting of local residents with members of Parliament Abdybek Duishaliev and Altynbek Zhunus uulu took place at the uranium deposit. “MPs listened to the demands of local residents to ban the development…
DetailsIn February, according to the customs statistics, Russia exported 312.3 thousand tons of ferrous scrap, down by 17.8% YoY. In January-February exports fell by 22.6% YoY, to 559 thousand tons. Turkey accounted for some 35% of exports, down by 39%. The share of Belarus decreased by 4.1%, to 30.6%, and of South Korea – by…
DetailsIn January-March, Kazakhstan produced 22738 kg of raw and semi-wrought gold, up by 7.3% YoY. Silver output dropped by 4.9%, to 230237 kg. At the same time the manufacture of raw aluminum and aluminum oxide decreased by 9.7%, to 395864 tons, lead – by 16.8%, to 32408 tons, zinc – by 2.9%, to 80191 tons,…
DetailsIn 2018 mining companies paid 6.07 billion rubles of taxes to the Khabarovsk region budget, up by 9.1% YoY. Polymetal enterprises accounted for some 43% of the taxes paid – 2.639 billion rubles. In particular, Resursy Albazino LLC paid 2.005 billion rubles, up by 570 million rubles YoY. Rusolovo enterprises paid 50 million rubles of…
DetailsIn 2020 Rusolovo intends to complete the modernization of the Solnechnaya factory at the Festivalnoye deposit in Khabarovsk region. Investments will reach 1.4 billion rubles. After modernization the factory will be producing 1.2 thousand tons of tin concentrate per year. (Ukrainian metal)
DetailsIn January-March, the service metal center of Severstal Distribution in Riga produced 65 thousand tons of metal, up by 2.5% from the previous record set in Q2 2018. Moreover, for the first time in March the enterprise produced 13.4 thousand tons of hot-rolled metal in one month. In the past several years Riga SMC has…
DetailsSeverstal – Bar Works Balakovo has finished scheduled capital repairs of the main and auxiliary machinery. The cost of the repair exceeded 40 million rubles. The repair covered machinery in the electric steel smelting shop. (Ukrainian metal)
DetailsIn January-March, Russia decreased production of unalloyed steel and semi-finished products by 0.2% YoY. In March the output totaled 4.8 million tons, down by 7.4% YoY and by 0.1% MoM. According to the Federal Service of State Statistics, stainless steel manufacture dropped by 14.3% YoY, but grew by 13.4% MoM, to 14.3 thousand tons. In…
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