NLMK Joins UN Global Compact

NLMK Group (LSE: NLMK; MOEX: NLMK) is pleased to announce that it has joined the United Nations Global Compact, the world’s largest sustainable development and corporate social responsibility initiative. As a participant of the UN Global Compact, NLMK Group voluntarily commits to align its operations and strategy with ten universally accepted principles in the areas…

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RUSAL Announces 1st Quarter Operating Results

Moscow, 30 April 2019 – RUSAL, a leading global aluminium producer, announces its operating results for the first quarter 2019 (“1Q19”). Key highlights Aluminium Aluminium production in 1Q19 totaled 928 thousand tonnes (-1.6% quarter-on-quarter (“QoQ”)), with Siberian smelters representing 93% of total aluminium output; In 1Q19, aluminium sales amounted to 896 thousand tonnes. In 1Q19…

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Russia: Belgorod Metal Structures Works clears tax debts

Rustechnogroup has paid a multi-million tax debt after the regional bailiffs arrested the company fleet. The Belgorod-based enterprise of the company producing construction metal structures owed 5.4 million rubles of taxes. The bailiffs asked to arrest the company accounts and prohibit any registration activities with its cars. As of today all the prohibitions have been…

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Russia: MMK’s environmental and energy efficiency projects recognized by UNIDO award

Magnitogorsk Iron and Steel Works (MMK) was awarded a certificate by the United Nations Industrial Development Organisation (UNIDO) for its contribution to sustainable development and environmental initiatives in the Chelyabinsk region, as well as for the successful implementation of its “Energy Management of Industrial Enterprises” program. UNIDO is a specialized agency of the United Nations,…

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Ukraine: President promises to reduce electricity tariffs for industrial companies

“We were assured that till October 1 industrial companies would have electricity tariffs reduced by 15-20%”, said Oleg Ayko, Head of raw materials purchasing department of procurement administration, ArcelorMittal Kriviy Rih, who attended a meeting at the Office of the President of Ukraine on the current situation in the electricity market after introduction of a…

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Ukraine: Metinvest Mariupol plants expand product range

In January-June Mariupol Ilyich Iron and Steel Works and Azovstal mastered the manufacture of 27 new rolled metal types. In particular, Azovstal manufactured new products in the plate-rolling shop. The company started producing 10G2FBU strips with the thickness of 10 to 55 mm to be used in the manufacture of large diameter pipes. According to…

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Kyrgyzstan: details of illegal issue of license for Terek-Sai field disclosed

The Prosecutor General’s Office of Kyrgyzstan disclosed details of issue of a license for Terek-Sai field, press service of the supervisory body reported. The Military Prosecutor’s Office handed a notice of suspicion of crime under the Article “Complicity in corruption” to the former head of the State Agency for Geology and Mineral Resources Duishenbek Zilaliev.…

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