The Ministry of energy and coal industry has registered the state enterprise National Coal Company, with Alexei Raychev its director. The corresponding information has been added to the State Company Registry. Since 2016 and until mid-April Raychev has been chairing the state enterprise Krasnolimanskaya Coal Company. (Ukrainian metal)Details
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Iron ore transportation via railroad in April grew by 7.8% YoY, to 9.7 million tons. In January-April 36.9 million tons of ore were transported, up by 3.6% YoY, with domestic transportation up by 10%, while exports down by 8%. China saw the main fall – almost 2-fold, while deliveries to Poland decreased to the minimum…Details
Two miners have died at an open extraction coal quarry in Tkibuli town. The bodies are already being examined to identify the circumstances of death. The Ministry of Internal Affairs has started an investigation into the case under the Criminal Code, which implies the violation of safety rules in mining. Another six miners died and…Details
On June 1 MMK held its Annual General Meeting of Shareholders (AGM) in Magnitogorsk. The AGM approved MMK’s annual report and financial statements for FY 2017 and approved a dividend payment for the 2017 financial year of 0.806 rubles per share (including tax). Previously shareholders received interim dividends for H1 2017 of 9,710.5 million rubles…Details
Central Mining and Processing Works continues to modernize its quarry machinery fleet. According to the company CEO Dmitry Shevchik, 2 more BelAZ dump trucks with the lifting capacity of 130 tons were purchased for the mining and transportation shop No. 1. “Our investment program for this year foresees the purchase of 13 such trucks”, he…Details
Zaporizhstal has carried out the capital repairs of its blast furnace No. 5. According to the company statement, the financing of the overhaul was over 200 million UAH. The repairs lasted for 36 days. The total weight of the metal structures assembled during the repairs exceeded 1 thousand tons, and of the refractory materials –…Details
Severstal has received a certificate for the correspondence of cold-resistant cryogenic steel to the norms and standards of the European quality. This steel is used to construct the inner shell of the LNG tanks. TUV Rheinland Group has highly praised the whole manufacturing chain of the product. Cryogenic steel sheet is produced at the mill-2800…Details
In April railroads transported 6.7 million tons of ferrous metals, up by 9.8% YoY. Since the beginning of the year the railroad has transported 26.5 million tons of ferrous metals, up by 10.9% YoY. Domestic transportation in April grew by 25%, while exports remained on the previous year level. Russia increases consumption of steel sheet…Details
U.S. sanctions, imposed on Rusal in early April, threaten the payment of dividends by Norilsk Nickel of some $434 million. According to a recent position of OFAC, payment of dividends to an entity from the sanctions list will result in the secondary sanctions to the payer. Nornickel Board of Directors recommended the annual meeting of…Details
NLMK Group, a global steel company, opens access to an e-commerce website for SMEs. A hi-tech online marketplace is now available at https://nlmk.shop/. NLMK Group has been operating an e-commerce platform since 2012, based on the “Client-Info” RMS system. Access to the platform is open to large clients that have long-term established relations with NLMK.…Details
On May 31 Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih Paramjit Kahlon signed an order regarding the increase in salaries at the company from May 1. This way, the order issued on May 8 was amended and base salaries of the employees were revised upwards once again. This decision was made after the negotiations…Details
The prices of main precious metals decreased in Azerbaijan on June 1, according to the data published by the Central Bank. The cost of gold decreased by 7.9135 manats, to 2207.6965 manats per ounce in Azerbaijan compared to the price on May 31. The cost of silver decreased by 0.1683 manats, to 27.9256 manats per…Details
The aluminum empire of the Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up with a plan to meet U.S. requirements to escape sanctions, Reuters reported on May 31 citing En+ chairman Greg Barker. The U.S. Treasury in April imposed sanctions against billionaire Deripaska and…Details