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Russia: NLMK shareholders approve Q3 2018 dividends and revised corporate documents

NLMKBy admin24.12.2018Leave a comment

At the Extraordinary General Shareholders’ Meeting (EGM) held on December 21, NLMK shareholders approved the payment of Q3 dividends of 6.04 rubles per share. The date upon which the shareholders entitled to Q3 dividends would be determined was set as January 9, 2019. January-September dividends will amount to 17.01 rubles per share. The Shareholders’ Meeting…

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Ukraine: steel output down in November 2018

Ukrainian steel outputBy admin24.12.2018Leave a comment

In November Ukraine decreased steel output by 11.2% YoY, to 1.66 million tons, retaining the 13th place in the rating of 64 countries-manufacturers of steel compiled by World Steel Association. China increased output by 10.8%, to 77.62 million tons, securing the first place. As a result of 11 months Ukraine also holds the 13th place…

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Ukraine: EMSS to supply 1 thousand tons of rolls to Mariupol Ilyich

Energomashspetsstal, Mariupol Ilyich Iron and Steel WorksBy admin21.12.2018Leave a comment

Mariupol Ilyich Iron and Steel Works has signed an agreement with Energomashspetsstal on the delivery of 1 thousand tons of rolls for the sheet-rolling shop-1700. The tenders took place in March and August. EMSS will supply back up and vertical rolls for hot-rolling mill. The rolls have to be supplied in H1 2019. (Ukrainian metal)

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Russia: ChMK ships 2 million tons of rails and beams

Chelyabinsk Iron and Steel WorksBy admin21.12.2018Leave a comment

Since commissioning of the rail and beam mill, Chelyabinsk Iron and Steel Works has shipped 2 million tons of metal. Sections accounted for 54% of the products shipped and rails – 46%. The rail and beam mill was commissioned in 2013. So far it has mastered the manufacture of 55 types and sizes of flanged…

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Russia: SUEK-Kuzbass mine reaches annual target

SUEKBy admin21.12.2018Leave a comment

The mine named after Kirov, a part of SUEK-Kuzbass, has met its annual target in advance, having extracted 5 million tons of coal. Despite its age (the mine was created in 1935), it is one of the most advanced mines in Russia. Investments in the mine development in the past 6 years totaled 12 billion…

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Russia: Karelsky Okatysh commissions second stage of tail thickening complex

Karelsky OkatyshBy admin21.12.2018Leave a comment

Karelsky Okatysh has put into operation the second stage of the complex to thicken tails. It will decrease electricity expenses and environment impact. The first stage was commissioned in 2016 and allowed thickening some 30% of tails. The stage comprises 2 thickeners with the diameter of 36.5 meters. The second stage is a thickener with…

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Russia: HGM allowed to buy gold deposit

Highland Gold MiningBy admin21.12.2018Leave a comment

Highland Gold Mining has received a right from the Federal Antimonopoly Service to finalize the deal to purchase gold-extracting assets in Chukotka Autonomous District from Aristus Holdings Ltd (Cyprus), owned by Roman Abramovich and his partners. The volume of the deal is $91 million, including $78.7 million to be paid in HGM shares (over 38.621…

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Ukraine: Ukrzaliznytsia to sell 300 million UAH worth of scrap

scrapBy admin21.12.2018Leave a comment

This year Ukrzaliznytsia intends to sell metal scrap valued at 300 million UAH. According to the enterprise CFO Andrei Ryazantsev, Ukrzaliznytsia now stores some 2 billion UAH worth of scrap. “This is not only cars, but also various assets, like rails”, he noted. The enterprise also has 16 thousand old cars for sale as scrap.…

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Azerbaijan: precious metal prices up on December 21, 2018

precious metalsBy admin21.12.2018Leave a comment

Precious metal prices increased in Azerbaijan on December 21, the Central Bank reported. The price of gold grew by 24.8285 manats, to 2,140.9885 manats per ounce on December 21 compared to the price on December 20. The price of silver went up by 0.308 manats, to 25.0750 manats per ounce. The price of palladium increased…

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Armenia: Armenal to return to US market

Rusal ArmenalBy admin21.12.2018Leave a comment

The Yerevan-based plant Armenal, a part of Rusal, has a chance to return to the aluminum market of US, when the sanctions from Rusal are lifted. The sanctions will be removed in 30 days. This will allow Armenal resuming deliveries of aluminum foil to US. Last year the company sold over $60 million worth of…

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Russia: EMC to increase coal output in 2019

East Mining Company, Eastern Mining CompanyBy admin21.12.2018Leave a comment

The largest coal miner in Sakhalin region – The Eastern Mining Company LLC – intends to extract not less than 10 million tons of coal in 2019, up by 25% YoY. At present the EMC enterprise Solntsevsky Coal Pit LLC is carrying out a program to increase output. This year EMC will mine 8 million…

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Ukraine: Interpipe NTZ decreases supervisory board

InterpipeBy admin21.12.2018Leave a comment

Shareholders of Interpipe Nizhnedneprovsk Pipe Works have decreased the number of supervisory board members from 7 to 5. The decision was taken at the extraordinary shareholders meeting on December 18. Interpipe Management LLC director, Interpipe Limited CEO Fadi Khraibe, Interpipe Ukraine LLC director Denis Morozov and scientific and research director of Interpipe Ukraine LLC Gennadiy…

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Ukraine: ferroalloy plant to shut down because of high transportation costs

ferroalloysBy admin21.12.2018Leave a comment

The Ukrainian Association of Ferroalloy Producers (UkrFA) believes that the new Ukrzaliznytsia transportation tariffs could result in the shut down of some of the plants. In particular, the tariff for Nikopol Ferroalloy Plant will increase by 8.4 million UAH per month (with VAT), or by more than 100 million UAH per year. The increase of…

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  • In January, Amur region produced 1090.3 kg of gold, down by 23% YoY. Five companies operate in the region. Petropavlovsk decreased output by 27% and Priisk Solovievskiy – by 34%, while Berezitoviy Mine increased by 19%. Alluvial season will begin in May. Last year, 65 enterprises operated at alluvial sites. This year, the region intends to produce 23.5 tons of gold. (Ukrainian metal)
  • Russia: Amur region gold output down in January 2021
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