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Mariupol Ilyich Iron and Steel Works has announced the price of the share sales under the squeeze-out procedure. According to the company, the price of each share with the value of 0.25 UAH was set at 0.08 UAH. The share price was set by the company supervisory board. (Ukrainian metal)
DetailsAs of December 31, 2017 Polyus gold JORC reserves were estimated at 68 million ounces, down from 71 million ounces as of December 31, 2016. Average gold content is 1.8 g per ton, including alluvial sites and ores with low contents. Polyus retains the second position among the largest gold producers in the world as…
DetailsAzovstal Iron and Steel Works has announced the price at which its shares will be bought under the squeeze-out procedure. According to the company statement, the price of each Azovstal share with the value of 0.25 UAH was set at 0.564 UAH. The price was determined by the company supervisory board. Metinvest owns 94.74401% in…
DetailsPolyus has confirmed its gold output forecast for 2018 on the level of 2.375-2.425 million ounces and 2.8 million ounces in 2019. In 2020 it is expected to produce also 2.8 million ounces. Expenses are projected to reach $425 and $450 per ounce in 2018 and 2019-2020. This year capital expenses will amount to $850…
DetailsIn 2017 Aktyubinsk Copper Company produced 58 thousand tons of copper concentrate and 52 thousand tons of zinc concentrate, having exceeded the target by 2% and by 17% respectively. Revenue target was overfulfilled by 17%. Payments to the budget increased 4-fold YoY. (Ukrainian metal)
DetailsZaporozhkoks, one of the major by-product coke chemistry manufacturers in Ukraine, has announced the price of the share sales under the squeeze-out procedure. According to the company statement, the price of one share with the value of 0.01 UAH will be 4.94 UAH, or 494 times higher. The price was set by the Zaporozhkoks supervisory…
DetailsIn 2017 Ferrexpo plc increased net profit 2.1-fold, or by $205.272 million, to $394.472 million. Revenue grew by 21.4%, to $1197.494 million. EBITDA increased by 46.9%, to $551 million. Last year Ferrexpo produced 10.444 million tons of pellets, down by 6.8% YoY. (Ukrainian metal)
DetailsMariupol Ilyich Iron and Steel Works has received new Austrian machinery to be installed at the continuous casting machine No. 4. The construction of the machine is underway. The cargo weighs almost 1 thousand tons, so special machinery was used to unload it. Foreign specialists claim that the machinery corresponds to the best European norms…
DetailsNovokramatorsk Machine-Building Works has started shipping converter body with a seating ring and the mounting system to Azovstal Iron and Steel Works. The converter will be used to modernized machinery in the oxygen-converter shop. “It took us over a year to produce and start shipping the machinery weighing around 1 thousand tons”, NKMZ said. This…
DetailsIn January-February Russia increased the manufacture of raw and semi-raw gold by 2% YoY. According to the Federal Service of State Statistics, in February output grew by 9.5% YoY and by 40.4% MoM. (Ukrainian metal)
DetailsIn 2017 the Meta Group of Companies, a part of ChTPZ, sold 1.32 million tons of scrap, down by 2.5% YoY, including 829 thousand tons of its own procurement, up by 69 thousand tons, and 491 thousand tons of transit scrap. Among the group participants the sales growth leaders were Vtorchermet (+30.7 thousand tons), Meta-Chelyabinsk…
DetailsIn 2018 Severstal will supply at least 60 thousand tons of rolled metal to the largest manufacturer of heavy trucks in Russia – KAMAZ. The deliveries will be carried out according to the agreement on cooperation concluded for this year. The company will supply cold- and hot-rolled sheets, including of high-strength steel grades. Last year…
DetailsFull-scale operations in Kyzyl, a large gold mine in the East Kazakhstan region, will start in 2019. “Using state-of-the-art technologies, the Bakyrchik Ore Mining and Processing Enterprise is developing a gold deposit with a capacity of 2 million tons of ore per annum. The project will reach the ultimate capacity in 2019 “, Deputy Head…
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