At a meeting held on July 31 NLMK Group’s Board of Directors recommended the company’s shareholders approve payment of Q2 dividends of 5.24 rubles per share at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on September 28. 5.24 rubles per share is equivalent to approximately 100% of the company’s average free cash…
DetailsNLMK Group announces an EBITDA growth of 13% QoQ, to a record $915 million. Net income grew by 16%, to $581 million. Group revenue in Q2 grew by 11%, to $3.11 billion (+22% YoY), driven by the seasonal uptick in sales (+6% QoQ), while average sales prices grew by 5% QoQ. EBITDA increased by 13%…
DetailsThe net profit of the Russian metal producer Norilsk Nickel grew by 77.8% YoY, to 89.328 billion rubles in January-June, as calculated under Russian Accounting Standards (RAS), the company said in a statement. Revenue grew by 45.8%, to 280.29 billion rubles, the gross profit increased by 58.4%, to 176.73 billion rubles, and sales profit by…
DetailsThe price of one ounce of gold decreased by 12.4865 manats, or by 0.6% last week. Accordingly, the average price of one ounce of gold stood at 2,084.7797 manats. The price of one ounce of silver decreased by 0.108 manats, or by 0.41%, to 26.30528 manats. The price of one ounce of platinum increased by…
DetailsNovosibirsk Iron and Steel Works intends to modernize its pipe manufacture. “In 2018-2019 we will carry out an investment project to restructure pipe manufacture and purchase a pipe mill to replace outdated machinery, improve economic efficiency and increase pipe range”, the company said. Investments are expected to total $4 million. In 2017 NMZ increased revenue…
DetailsAt the 3rd Russian-South African Conference on Platinum Group Metals official representatives of Norilsk Nickel have reported on their achievements in the illegal trade struggle. It was decided to create the bank of platinum group metals and their raw materials. Nornickel has developed a unique test to determine the origin of precious metals contained in…
DetailsMetalloinvest and ChTPZ Group have agreed on the creation of the joint scientific engineering center to develop innovation steel grades and improve steel product characteristics. “Metalloinvest has a vast experience in cooperation with ChTPZ. The creation of the center will bring us to a new level – ChTPZ specialists will be taking direct part in…
DetailsAccording to MetalInfo rating for the first half-year, Kamensk-Uralsky Iron and Steel Works has been named the leader among the major Russian manufacturers of rolled aluminum. The rating was created on the basis of the survey of metal products buyers, market experts and the companies’ analysis. In H1 KUMZ increased sales by 7% YoY, with…
DetailsIn January-June Ukraine increased power-generating coal output by 2.3% YoY, to 13.293 million tons, but decreased that of coking coal by 9%, to 3.2 million tons. According to the Ministry of energy and coal industry, combined coal output in 6 months dropped by 0.1%, to 16.495 million tons. State mines decreased coal output by 8.8%,…
DetailsPJSC ArcelorMittal Kriviy Rih will provide for realization of social projects that will enable to improve Kriviy Rih city environment. Paramjit Kahlon, the company’s CEO, and Yuriy Vilkul, Kriviy Rih mayor, signed social partnership agreement. Yuriy Vilkul: “PJSC ArcelorMittal Kriviy Rih is a core company of the city. It is highly important that besides performance…
DetailsIn June Russia produced 6.12 million tons of steel, up by 8.9% YoY (6.077 million tons in May). In 6 months steel manufacture increased by 2.8% YoY, to 36.066 million tons. Ukraine increased output by 7.5% YoY, to 1.711 million tons (1.695 million tons) and produced 10.391 million tons of steel in 6 months, up…
DetailsSeligdar has reached the manufacture of gold at over 1 ton per month. In particular, in July the output totaled 1008 kg or 32408 ounces. This is the fist time that the company has exceeded the 4-digit level of gold output. In January-June Seligdar also processed 10 million cubic meters of rock, while some 3…
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