Shareholders of the Yuzhniy Mining and Processing Works have decided to spend a part of the 2018 profit to pay dividends. The amount is 7.133 billion UAH, or 4.484251 UAH per ordinary share. The decision was taken at the extraordinary meeting on July 19. (Ukrainian metal)Details
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Until 2024 Mechel will carry out an environment program with the combined volume of investments of 10 billion rubles. As the result, pollution will decrease by 14.2 thousand tons per year. This is stipulated in the agreement between Mechel, the Ministry of Nature, the Russian Nature Oversight Service and the Chelyabinsk region authorities. The modernization…Details
Metinvest has concluded a loan agreement in order to purchase equipment to modernize the hot-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works. The equipment will be supplied by Primetals Technologies Austria GmbH. The loan has been provided by Oesterreichische Kontrollbank Aktiengesellschaft. The reconstruction will increase the 1700-mill capacity from 1.36 million tons per…Details
In May Russia increased imports of flat galvanized rolled metal by 5.8% YoY, to 74.4 thousand tons, but decreased by 3.3% MoM. In 5 months imports grew by 8% YoY, to 290.5 thousand tons. Kazakhstan supplied the most metal accounting for 32.3%, down by 35.3%. The average price was $754 per ton without VAT. The…Details
The state enterprise Mine named after Surgay has ordered Alzo LLC the delivery of a pipeline valued at 35.25 million UAH. During the year the company has to supply 2 thousand sections of the degassing pipeline with the outer diameter of 325 mm and the length of 3.8 meters, 2,200 paronite packings and 12 thousand…Details
Corum Group (DTEK) has won a Polska Grupa Gornicza S.A. (PGG) tender. Corum Svet Shakhtera and Corum Druzhkovka Machine-Building Works will produce foundry parts for automated anchoring. This is the third order this year. The parts will be shipped in early 2020. Last year Corum Group supplied an automated complex of 140 ZRP 15/35 anchoring…Details
Severstal-Metiz rebars have passed certification for the Scandinavian market. Eurofins Expert Services has confirmed that the range of cold-deformed rebars with the diameter of 5 to 10 mm corresponds to the quality standards. The certification procedure lasted for almost a year. (Ukrainian metal)Details
In January-June the Stepnoy Pit (a part of the Russky Ugol) produced 2.24 million tons of power-generating coal in the Republic of Khakasia, up by 9% YoY. Coal processing grew by 20%, to 1.9 million tons. The Stepnoy Pit was commissioned in 1993. Last year it mined 4.2 million tons of coal. (Ukrainian metal)Details
Kyshtym Electrolytic Copper Plant has started modernizing the copper electrolysis shop. The capacity of the new shop, to be commissioned in 2021, will be 230 thousand tons of cathodes per year. Investments will amount to $60 million. The work is divided in two stages: the first will have been commissioned by May 2020, and the…Details
In June local demand for ferrous metals showed a positive dynamics of 0.6% YoY. Unfavorable world market situation negatively affected the exports, which fell by 18.3%. At the same time the local demand for non-ferrous metals dropped sharply – by 22.7%. Rusal decreased exports by 16.7%, but since the start of the year increased them…Details
Severstal board of directors has recommended paying dividend for April-June in the amount of 26.72 rubles per share. The voting on the dividends will be held at the extraordinary shareholders meeting on September 6. If the shareholders approve dividend payment, the date to set the list of shareholders to receive dividends will be September 17.…Details
The Ukrainian arm of the world’s biggest steelmaker said that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelensky criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine’s largest steel mill, which is now under close government scrutiny, as reported by…Details
The mining industry of Tajikistan has a good mineral resource base, the volume of which is sufficient to ensure the development of the industry for the long term. Although the current indicators of the extractive industries are relatively modest, in the long term, this sector may become the leader in the Tajik economy. The enterprises…Details