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The United Mining and Chemical Company has transferred 332.6 million UAH of dividends for 2017 to the state budget, having set another record. According to the company statement, last year it paid 321.8 million UAH of dividends for 2016. “For the fourth year in a row our company remains a socially responsible taxpayer, annually increasing…
DetailsSeverstal has finished the record-long series of steel pouring from one ladle at the continuous casting machine of the Cherepovets Iron and Steel Works. The ladle carried out 200 pourings. The duration of the continuous pouring process was 166 hours and 22 minutes. The ladle has poured 24.8 thousand tons. The previous record was 158…
DetailsThe Russian Copper Company and the National prospecting company Kazgeologia have signed a memorandum of cooperation in seeking out and developing non-ferrous and polymetallic ore deposits on the territory of Kazakhstan. “RCC has been operating in Kazakhstan for almost 15 years. We see the interest of the authorities in the cooperation development with Russian companies.…
DetailsUp to 1 thousand miners are striking near the building of the Verkhovnaya Rada demanding their salary debts to be cleared. They make noise by hitting their helmets on the road. They also carry banners with the inscription of “We do not demand what is not ours. We have come for our salary”, “Give us…
DetailsMetinvest has won the golden medal of the SAP Quality Awards 2018 for the best innovation project in Central and Eastern Europe. Metinvest participated in the competition for the first time. The group project “Coal-coke-pig iron” was nominated in the innovation category. The group specialists have developed and implemented the system to plan the through…
DetailsHaving prohibited the exports of scrap from the main Far East ports for 6 months to help Amurmetal with raw materials, the government can now take similar measures to help Abinsk Electrometallurgical Works (AEMZ). The Ministry of industry and trade intends to hold a meeting on providing AEMZ with raw materials. The authorities of Krasnodar…
DetailsMagnitogorsk Iron and Steel Works (MMK) won the XV industry competition titled “Metal and Mining Enterprises with Highly Effective CSR”. The competition participants were 61 metal and mining enterprises. For the second year in a row, MMK is amongst the winners in the category “Environmental Protection and Resource Management”. MMK’s investments in environment protection last…
DetailsThe prices of the main precious metals varied in Azerbaijan on July 5, according to the data published by the Central Bank. The cost of gold decreased by 2.686 manats, to 2,133.7975 manats per ounce compared to the price on July 4. The cost of silver decreased by 0.0476 manats, to 27.2734 manats per ounce.…
DetailsS & P Global Rating believes that the Eurasian Resources Group will see a higher financial stability, and has increased its long-term rating to B from B-. Last year the group EBITDA reached $2 billion, and its free fund flow was positive ($476 million). The group was able to strengthen its positions due to FeCr…
DetailsBy 2024 Seligdar intends to have increased gold output to 10 tons. According to the company development strategy, the first stage of 2018-2021 will see gold output increase to 8 tons. The second stage of 2022-2024 presupposes the commissioning of the Khvoyniy site in Yakutia with the capacity of over 2 tons of gold a…
DetailsThis year Polyus Aldan intends to produce over 6 tons of gold. At present the company ore gold output accounts for 37% of the total output in Yakutia. In 2017 Kuranakhskaya gold-extracting factory processed over 4.6 million tons of ore and produced 171.5 thousand ounces of gold. In 2016 the output was 159.7 thousand ounces.…
DetailsRussia’s metals and mining group Mechel has prolonged an agreement to deliver up to 700,000 tons of premium quality coking coal to China’s Baosteel Resources until July 2019, it said in a statement on July 4. Yakutugol subsidiary will ship up to 40,000 tons every month. The price will be set monthly. CEO Oleg Kirzhov…
DetailsEvraz still supplies slabs to the United States, despite the duty of 25%. According to the Evraz vice president on finances Nikolay Ivanov, “on one hand, the products sold to the US became more expensive, while on the other, because of the duty, as expected, domestic prices have grown“. “So we are still supplying slabs…
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