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Russia: RUSAL and Braidy Industries to construct a greenfield aluminum rolling mill in Kentucky

RusalBy admin 22.04.2019 Leave a comment

RUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminum products for the US automotive industry. The design capacity…

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Russia: Khabarovsk region produces all-time high 24.8 tons of gold in 2018

goldBy admin 22.04.2019 Leave a comment

Gold output of Khabarovsk region hit a historical record of 24.8 tons in 2018, the regional government said. “In 2018, production of gold grew by 7%, to 24.8 tons. This was an absolute historical record for the region. A company producing tin metal also showed good results, its amount of production grew by 50%, to…

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Ukraine: Metinvest the first to get Vision Zero certificate

Metinvest Group of CompaniesBy admin 22.04.2019 Leave a comment

Metinvest was the first among Ukrainian companies to get a Vision Zero certificate. According to the group statement, it is operating based on the principles of sustainable development. One of the most important directions of the company is the labor safety and employee health protection. At present the group is implementing a couple of investment…

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Russia: NLMK shareholders approve FY2018 dividends

NLMKBy admin 22.04.2019 Leave a comment

At the Annual General Shareholders’ Meeting (AGM) held on April 19, NLMK shareholders approved the payment of FY2018 dividends of 22.81 rubles per share, or 102% of the company’s free cash flow according to NLMK Group’s consolidated statements prepared in accordance with IFRS. Considering the previously paid interim dividends, the amount outstanding to be paid…

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Russia: NLMK shareholders elect new BoD

NLMKBy admin 22.04.2019 Leave a comment

At the Annual General Shareholders’ Meeting (AGM) held on April 19, NLMK shareholders voted to confirm Grigory Fedorishin as the group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (five seats out of nine). Nine members of the Board of Directors were elected: Vladimir…

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Kyrgyzstan: Altynken employees demand wage increase threatening with hunger strike

goldBy admin 22.04.2019 Leave a comment

Local workers at Altynken held a strike demanding to increase their wages. The information was confirmed by the First Deputy Director of the company Turusbek Akmatov. At least 5-6 people did not come to lunch a day before in protest against the fact that their wages were not increased. Some other people held a rally…

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Ukraine: AMKU allows Metinvest to buy Dneprovsky Coke Plant

Dneprovsky By-Product Coke Plant, Metinvest Group of CompaniesBy admin 22.04.2019 Leave a comment

The Antimonopoly Committee of Ukraine has allowed Metinvest to buy over 50% shares of Dneprovsky By-Product Coke Plant. In particular, the AMKU decision says that Private Limited Liability Company Metinvest BV, the Netherlands, has been granted the right to purchase shares of the Dneprovsky Coke Plant, as a result of which the share of the…

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