VSMPO-Avisma has decided to stop developing the Centralnoye deposits in Tambov region. The corporation acquired the right to develop the deposits in July 2011 for 1.473 billion rubles. In 2016 the start of the development was shifted to 2019. The corporation has prolonged its license till 2029. It was also interested in attracting partners to…Details
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The operation of the Port Eastern Gates – Primorye Works in Nakhodka was suspended following the checks on April 28. It was found out that the company was handling coal without the permission to pollute air. The checks followed the complaints of Nakhodka citizens on coal dust originating from coal handling. (Ukrainian metal)Details
In January-March Metinvest decreased steel output by 4% YoY, to 1.825 million tons. At the same time pig iron manufacture grew by 9%, to 2.156 million tons. Iron ore concentrate production increased by 4%, to 6.924 million tons. Pellets manufacture grew by 48%, to 1.723 million tons. The group has decreased coking coal output by…Details
In January-March Ukraine imported 291.3 thousand tons of steel, up by 24.4% YoY. Domestic market increased consumption by 13.1%, to 1.056 million tons. Import’s share grew from 25.07% to 27.6%. The shares of flat and long rolled metal in imports were almost equal – 48.5% and 47.9%, as opposed to 37.5% and 61.5% in Q1…Details
At a meeting on April 27 the Board of Directors of NLMK Group, an international steel company with operations in Russia, the US and the EU, approved the new composition of the Group’s Management Board as follows. The new Management Board is: Grigory Fedorishin – President (Chairman of the Management Board), Mikhail Arkhipov – Vice…Details
At a meeting held on April 27, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q1 2018 dividends of 5.73 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on June 8. NLMK Group’s Board of Directors recommended NLMK shareholders approve dividends of 5.73…Details
The Board of Directors of NLMK Group held a meeting on April 27 during which the agenda for the Annual General Shareholders’ Meeting (AGM), to be held on June 8, was approved. The list of persons entitled to participate at the AGM will be based on the NLMK Shareholder Register as of May 14. NLMK…Details
The net profit of the Russian metals producer Norilsk Nickel increased by 30% YoY, to 48.8 billion rubles in January-March, as calculated under Russian Accounting Standards (RAS), the company said in a statement. Revenue rose by 28%, to 120.99 billion rubles. Gross profit grew by 34%, to 75.6 billion rubles, sales profit by 36%, to…Details
The prices of gold and platinum increased, while the prices of silver and palladium decreased in Azerbaijan on April 30, according to the data published by the Central Bank. The cost of gold increased by 6.6215 manats, to 2246.8815 manats per troy ounce in Azerbaijan compared to the price on April 27. The cost of…Details
The interdepartmental commission will calculate the damage that was caused during the riots on the territory of the goldmine plant Makmalzoloto. Earlier it was reported that a license for the construction of a gold-processing plant was issued illegally and a criminal case was opened on the fact. The administration added that Chinese investors invited an…Details
Russian gold producer GV Gold has approved a new dividend policy to keep the high payouts and will calculate dividends on the basis of earnings before interest, taxes, depreciation, and amortization (EBITDA) starting from the dividends for 2017, the company said in a statement. GV Gold set the target level of dividends at 30% of…Details
Last week the price of one ounce of gold in Azerbaijan decreased by 28.067 manats or by 1.25%. Accordingly, the average price of one ounce of gold stood at 2,254.1558 manats. The price of one ounce of silver decreased by 0.9518 manats or 3.39%, to 28.4143 manats. The price of one ounce of platinum decreased…Details
In March Russia exported 113 thousand tons of ferrous scrap via railroad, up by 27.8% MoM and by 26.4% YoY. In February the results were up by 9.9% but down by 4.9%, and in January – down by 26.6% and by 0.2% respectively. In January-March Russia exported 281.8 thousand tons of scrap, up by 7.2%…Details