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Backstar Holdings Limited (Cyprus) has decreased its share in Seligdar from 8.45% to 3.75%. The company has sold 46.7 million (4.7%) of voting shares. The amount of the deal was not disclosed. As of December 19, the company owned 37.2 million Seligdar shares. Backstar Holdings bought 75.9 million shares in November, having increased its share…
DetailsAlmalyk Mining and Processing Works intends to modernize its copper-processing factory. In particular, the company will replace two outdated GIST-72 screens before medium crushing with 3 new SHR-24-10.5×2.3 screens, as well as 9 GIST-71 screens before fine screening with the same number of upgraded SMR-25-12.4×2.9 screens. Moreover, two new highly efficient fine crushers will be…
DetailsIn late November a Safran Landing Systems delegation visited VSMPO-Avisma. The goal of the visit was to conduct a certification audit. The experts inspected the control of materials, ingot smelting, billet forging, stamping manufacture as well as mechanical and thermal treatment when making stampings of titanium alloys for Airbus 350. The audit will result in…
DetailsBerezovsky Pit, a part of SUEK, has fulfilled its coal output plan for 2019 (4.8 million tons) in advance. This is SUEK’s youngest enterprise in Krasnoyarsk region. This year the pit has finished constructing a deep-processing complex with the capacity of 30 thousand tons of coal per year. Investments in the project exceeded 1 billion…
DetailsOrmet has received certificates of the correspondence of its environment management system and professional safety system to ISO 14001 and ISO 45001 respectively. The inspection has been carried out by SGS Vostoc Limited. Ormet started switching to the integrated management system based on international standards in early 2018. (Ukrainian metal)
DetailsIn October Russia imported 65.6 thousand tons of chrome ore and concentrate, down by 17% MoM. Deliveries from Kazakhstan dropped from 65 thousand tons to 59.6 thousand tons. Imports from the South Africa fell to 5.7 thousand tons from 6.5 thousand tons. In 10 months imports totaled 792.6 thousand tons, down by 2% YoY. In…
DetailsIn November Ukraine produced 1.325 million tons of steel, down by 20.1% YoY and by 15.1% MoM. Thus the country fell to the 15th position in the global steel rating compiled by Worldsteel. In November 64 countries produced 147.791 million tons of steel, down by 1% YoY. In 11 months output totaled 1.684 billion tons,…
DetailsAt the Extraordinary General Shareholders’ Meeting (EGM) held on December 20 NLMK shareholders approved the payment of Q3 dividends of 3.22 rubles per share. The total amount of Q3 dividends payable to shareholders is equivalent to 124% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period. The date…
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