In 2018 Ferrexpo received $355.22 million of net profit, down by 15% YoY. Revenue grew by 6.4%, to $1274.03 million. Pellets sales dropped by 2.3%, to 10.227 million tons, while their manufacture increased by 1.6%, to 10.607 million tons. Gross profit last year fell by 2.5%, to $766.09 million, and EBITDA – by 8.7%, to…Details
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Q1 was quite successful for Ventall. The volume of orders on the delivery of ferrous metals structures grew by 38% YoY, and components – by 19%. In order to retain the positive dynamics, the company intends to modernize its capacities, increase product portfolio and develop partner network. “We have optimistic plans for the future. The…Details
The construction of the rail and beam shop of the Novo-Tagil Iron and Steel Works started during the Second World War. The manufacturing complex measured 600×140 meters. The shop had two rolling mills – 900 and 800, which were fully commissioned in April 1949. In 2012 manufacture underwent a serious modernization. In 70 years the…Details
In January-March, Seligdar produced 598 kg of gold, up by 146% YoY. Ore mining totaled 1487 thousand tons, up by 12%. In March, 189.2 kg of gold were produced. Tin concentrate output reached 450 tons. In Q1 2018 no tin was produced. Gold sales revenue grew 3-fold, to 2 billion rubles, and tin – 20-fold,…Details
Zlatoust Electrometallurgical Works has started producing rolled billets with the size of 28×250 and 73×250 mm at the mill-750. The mastering of the new sizes will allow the company increasing its special purpose sections portfolio. The company started rolling billets on April 9. In two shifts 110 tons of billets have been manufactured of 10860,…Details
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)Details
At 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…Details
The 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…Details
At 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…Details
Gold 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%,…Details
Prime 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…Details
Rally 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…Details
In 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…Details