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…Details
The member of the Mariupol city council Maxim Borodin has published on his page in Facebook a video of another major air pollution by the local Ilyich Iron and Steel Works. “In broad daylight Mariupol Ilyich is polluting the air over the city”, he wrote. “I’m sure that neither the CEO, nor the blast furnace…Details
Gold production on Russia’s Chukotka peninsula decreased by 12.34% YoY, to 23.646 tons in January-November, a spokesperson for the regional industry policy, construction, and housing and utilities department reported on December 11. Silver production in the area fell by 18.96%, to 121.533 tons in the period. Chukotka Mining and Geological Company, a unit of Kinross…Details
Metinvest Mining and Metallurgical Group intends on December 18 to pay $6.509 million non-guaranteed interest income on eurobonds for the period from August 18 to September 18 to the holders of eurobonds with maturity of up to December 31, 2021. According to a group report on the website of the Irish Stock Exchange, the interest…Details
In 2018 RG Gold intends to increase gold output to 45-48 thousand ounces (1.4-1.5 tons) per year. “Now the capacities of our two grinding complexes allow us processing some 1.3 million tons of ore per year. When the third complex is commissioned, we will reach the annual level of over 2 million tons”, the company…Details
The state enterprise Volynugol has received funds to pay salary to miners. According to the information department of the Volyn regional state administration, the region has received 30.3 million UAH, of which 25 million will be used to clear salary debts to miners for August-October. The money has already been transferred to the enterprise account.…Details
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)
The authorities of the Sverdlovsk region and the VSMPO-Avisma Corporation have concluded a special investment contract until 2023. According to the agreement the corporation will carry out modernization of its rolling complex in the city of Verkhyaya Salda valued at over 1.2 billion rubles. Following the modernization new jobs will be created and the titanium…Details
Evraz ZSMK has started assembling a new ladle crane in its converter shop No. 2. The machinery has been produced by Uralmashzavod. The representatives of the customer were present at the machine-building works during the control assembly and testing. The machinery works faultless. The main units of the crane have been shipped to Evraz ZSMK.…Details
Magnitogorsk Iron and Steel Works has finalized the deal on the purchase of 100% of LMK Group. The group comprises of Lysva Metal Company, Lysva Iron and Steel Works and Insayur-Autotrade-TL Trade House. LMK Group is the only producer of electrolytic galvanized rolled metal with coating in Russia. Its total capacity is 350 thousand tons…Details
The Genco Raptor bulker with 75,000 tons of coal from South Africa for DTEK arrived in the Yuzhny port overnight December 10 into December 11 morning, the press service of the DTEK energy holding has reported. “The entire amount of coal will be sent to DTEK Kriviy Rih thermal power plant. Coal stocks at the…Details
As the result of artillery shelling Avdiivka Coke and Chemical Works has been cut off of railroad. “The electricity line of Ocheretino-Avdiivka has been damaged, as well as the contact-wire network of the railroad”, the company CEO Musa Magomedov wrote on his Facebook page. According to him, the company energy engineers are examining the damaged…Details
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…Details
Metinvest has implemented a project to increase the permissible size of ships calling at the Italian Porto Nagaro. The first vessel of 15,000 deadweight tons with metal products from Mariupol arrived at the port on November 29. Metinvest Group in cooperation with its Italian partner Fratelli Cosulich Company has developed a project to increase the…Details
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…Details
NLMK-Kaluga electrometallurgical works of the new generation has produced the 5-millionth ton of steel. The works was commissioned in 2013. In half a year it has reached its maximum output capacities and has been keeping the high level irrespective of the market situation ever since. “We use high quality steel to produce some 20 types…Details
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)
In January-November the Chukotka Autonomous District obtained 23.646 tons of gold, down by 12% YoY. Silver output dropped by 19%, to 121.5 tons. In particular, ore gold manufacture decreased by 14%, to 21.318 tons. Alluvial gold companies increased output by 9% YoY, to 2.327 tons. This year 12 companies are extracting gold in the district.…Details
Karelsky Okatysh has commissioned a new warehouse. Its capacity is some 70 thousand tons of pellets. The main peculiarity of the new site is its machinery, which allows simultaneously storing pellets of various kinds. These are two conveyers, one of which brings products to the warehouse, while another returns them for loading. Their total length…Details
Beloretsk Iron and Steel Works has certified the surfacing wire of high-alloyed steel grades at the National Agency of Welding Control. The first batch of the certified wire will be sent to Blagoveschensk Rebars Works in January 2018. The tests have confirmed that the wire allows obtaining a qualitative and strong surface of machinery parts.…Details
The Federal Antimonopoly Service found out that in 2013-2015 Evraz set the profitability of 1058 mm wheel manufacture 4 times higher as that on the market. According to FAS, Evraz occupies the “dominating position on the Russian railroad wheels market” and has violated the law on competitiveness protection. In the past 5 years Evraz share…Details
As of December 4, Irkutsk region yielded 21.4 tons of gold, including 10.8 tons of alluvial gold and 10.6 tons of ore gold. 4 companies provided for the main yield – 17.3 tons, including Polyus Verninskoye (5.9 tons), Lenzoloto (4.5 tons), Vysochaishiy (3.9 tons) and Vitim (2.9 tons). Druza obtained over 900 kg of gold…Details
Three gold deposits were put up for auction, the State Committee of Industry, Energy and Subsoil Use reported. Kumbel gold deposit was discovered in 1936. Its reserves estimate has never been approved. The starting price is $9,120. The auction will be held on January 24, 2018. In addition, Issyk-Ata area with a starting price of…Details
Avdiivka Coke and Chemical Works is repairing furnaces. In May after 3 years of forced idleness the eighth battery resumed coke manufacture. But because of frequent halts and the temperature falls refractory lining at some furnaces has been destroyed. According to the company CEO Musa Magomedov, because of the military activities, the works had to…Details
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…Details
In January-November Amursky Ugol mined 3.1 million tons of coal. Out of the total volume the Severo-Vostochny pit yielded 1.2 million tons, up by 12% YoY. Yerkovetsky pit miners obtained 1.9 million tons of coal. This year the company has supplied over 1 million tons of coal to utility and housing enterprises of the Amur…Details