Severstal Steel Decisions is participating in several major construction projects at once. In particular, the company has won a tender to supply metal structures for the construction of the Kola Iron and Steel Company in Murmansk region. Severstal Steel Decisions also got an order to supply metal structures for the construction of a mini heat…Details
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At a meeting held on December 21, NLMK Group’s Board of Directors approved updated versions of its internal corporate documents (NLMK Group’s Anti-Corruption Policy, NLMK Group’s Corporate Ethics Code, Regulations on NLMK’s HR, Remunerations and Social Policy Committee, Regulations on NLMK’s Corporate Secretary, NLMK’s Corporate Governance Code). Updated versions of NLMK Group’s Corporate Ethics Code…Details
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…Details
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…Details
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)Details
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…Details
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…Details
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…Details
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…Details
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.…Details
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…Details
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…Details
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…Details