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
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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
Belarus Iron and Steel Works bronzed bead wire mill No. 2 of the steel wire shop No. 1 resumed operation after a fire in November 2017. Next month the first batches will be shipped to the customers. The reconstruction and repair of the mill lasted for over 4 months. The capacity of the mill is…Details
In January-March Kazakhstan produced 63.2 billion tenge worth of iron ore, up by 0.8% YoY. Kostanay region saw the largest output (87.1%, or 55.1 billion tenge, down by 2.9%). It was followed by Karaganda region (10.4%, 6.6 billion tenge, up by 26.4%) and Akmola region (1.6%, 1 billion tenge, up by 41.8%). Processing industry saw…Details
Kolmar LLC has put into operation the Denisovskaya Processing Factory in Yakutia. According to the company CEO Artem Levin, the factory was constructed record-fast – it took less than a year from the start of the design work to the construction. This year the factory is expected to reach its full capacity of 6 million…Details
In January-March Raspadskaya sold 1.9 million tons of coal concentrate, up by 12% YoY and by 6% QoQ. Domestic sales accounted for 545 thousand tons and exports for 1.4 million tons. The sales price grew by 12% QoQ, with domestic prices up by 15%, and export prices by 13%. Coal output increased by 4% YoY…Details
Since April 20 the processing factories of Rusolovo have started operating in normal mode. This is the first time that the season starts so early. Prior to the official commissioning the factories were operating in the testing mode. The commissioning of the Solnechnaya factory was complicated by the problems with the frozen water pipeline. “The…Details
In January-March Norilsk Nickel produced 54 thousand tons of nickel, up by 1% YoY. The manufacture of the company own raw materials totaled 53 thousand tons, up by 8%. The increase has to do with the growth of converter matte processing. Copper output totaled 112 thousand tons, up by 18%. The manufacture of copper from…Details