In January-September Severstal received $792 million of net profits, down by 39.4% YoY. EBITDA grew by 31.8%, to $1.823 billion, revenue – by 32.9%, to $5.67 billion. In Q3 net profits increased 2.2-fold QoQ, to $297 million. EBITDA dropped by 2.1%, to $616 million, revenue grew by 2.1%, to $1.972 billion. As of September 30,…Details
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The board of directors of Russian steelmaker Severstal has recommended paying 35.61 rubles per share, or 29.83 billion rubles, in dividends for July-September, the company said in a statement on October 17. The shareholders will discuss the recommendation at an extraordinary general meeting on November 24. The register for the meeting closes on October 30.…Details
PJSC Magnitogorsk Iron and Steel Works and Foundation for development of the New Technologies Development and Commercialization Center at the Skolkovo Foundation have signed an agreement to establish the MMK Research Center at Skolkovo. The agreement was signed by MMK CEO Pavel Shilyaev and President of the Skolkovo Foundation Victor Vekselberg. MMK plans to invest…Details
In 2018 Pobuzhye FerronickelPlant intends to use some 110 million UAH of investments. “The invest program for the next year is being prepared and will be approved in late October. But we expect its amount on the level not less, than this year”, the company CEO Oleg Bespaly said. According to him, this year the…Details
In January-August Russia exported 27.322 million tons of ferrous metals, down by 4.65% YoY. Far foreign countries imported 23.3 million tons. Exports of ferrous metals without pig iron, ferroalloys, wastes and scrap totaled 19.062 million tons, down by 1.47% YoY. Far foreign countries imported 16.148 million tons. Carbon steel semi-finished products exports reached 9.374 million…Details
In January-September Kapan Mining and Processing Works processed 389 thousand tons of ore. In Q3 ore processing totaled 149 thousand tons against 112 thousand tons in Q3 2016. Gold contents in 1 ton of ore in Q3 were 2 g, down by 15% YoY, silver contents – 35 g (-27%), copper – 0.27% (-14%), and…Details
Polymetal CEO Vitaly Nesis thinks that silver has more prospects than gold. According to him, demand for silver is much higher, while the output decreases. In time price of silver will grow. At the same time, it is difficult to forecast gold price. That’s why Polymetal CEO believes that silver is better than gold. “Silver…Details
Severstal is increasing the rolled metal storage capacities at the industrial port of Cherepovets Iron and Steel Works by one third. The new hangar (135 x 24 x 14 m) will be made of metal frame weighing over 90 tons, over which an awing cover with double sided PVC coating will be put. With the…Details
In September Coal Energy S. A. (Luxembourg) with assets in Ukraine decreased coal output by 77.8%, or by 33.779 thousand tons YoY, to 9.628 thousand tons. At the same time output dropped by 6.9% MoM, or by 716 tons. Coal Energy has 10 coalmines, as well as processing assets. The company business has been seriously…Details
In January-September Pobuzhye Ferronickel Plant processed 946.5 thousand tons of ore, down by 14% YoY. According to the company CEO Oleg Bespaly, ferronickel output decreased by 12.8% YoY, to 54.1 thousand tons, or 11.5 thousand tons of raw nickel, down by 18.1%. The output decrease has to do with a major repair campaign. In particular,…Details
In Q3 Polymetal International plc produced the record of 470 thousand ounces of gold, up by 26% YoY. In 9 months gold output totaled 1028 thousand ounces, up by 15% YoY and corresponds to the annual plan of 1.4 million ounces. Silver output dropped by 7%, to 7.4 million ounces. Sales in Q3 reached $546…Details
In January-September Priisk Solovievsky yielded 2636 kg of gold. In Amur region the company obtained 2531 kg of gold, up by 63.6% YoY (1440 kg). In Zabaykalye region gold output totaled 285 kg, down by 11% YoY. This year the company intends to obtain 3300-3500 kg of gold. Last year the yield was 2482 kg…Details
Beloretsk Iron and Steel Works has purchased 2 new forklifts. They will improve the speed of loading and unloading. The lifting capacity of the Toyota forklifts is 2 tons. They can hoist cargo to the height of 3 meters. “The new machines replaced the outdated ones in the shipping shop. They will considerably speed up…Details