Metalloinvest Cyprus Ltd. intends to sell 28.38 million ADR of Norilsk Nickel, or 1.79% of the total stock. These are all Metalloinvest shares in Nornickel. In 2016 Metalloinvest sold 1.4% of Nornickel shares for $341.7 million. (Ukrainian metal)
Metalloinvest net profits increased 2.2-fold YoY in January-March, to $391 million. The company earnings went up by 85.1%, to $1.52 billion rubles, mostly thanks to the considerable increase of iron ore and steel products average prices, as well as the increase of high added value products sales. EBITDA jumped 2.9-fold, to $527 million. The mining…
In Q1 Metalloinvest produced 10.07 Mt of iron ore, up by 0.4% YoY. Production of nodules grew by 0.2%, to 5.98 Mt, while production of direct reduced iron dropped by 0.6%, to 1.47 Mt. Pig iron production dropped by 14.6%, to 0.64 Mt. Steel smelting increased by 12.6%n to 1.23 Mt. In Q1 iron ore…
In January-March Metalloinvest produced 600 thousand tons of pig iron, down by 8.5% YoY. According to the company statement, the decrease of the output has to do with the repairs of a blast furnace, as well as the shorter calendar work time. Steel output increased by 1.1%, to 1.2 million tons. Russia’s share in the…
In January-March Metalloinvest produced 10.07 million tons of iron ore, up by 0.4% YoY. Pellets output increased by 0.2%, to 5.98 million tons, hot-briquetted iron production dropped by 0.6% YoY, to 1.47 million tons. Pig iron manufacture decreased by 14.6% YoY, to 0.64 million tons, steel – went up by 12.6%, to 1.23 million tons.…
Metalloinvest has announced that Fitch Ratings (Fitch) confirmed the company’s long-term issuer default rating at ‘BB’ with a Stable outlook. In accordance with Fitch’s opinion reflected in the published release, Metalloinvest demonstrated financial resilience at times of volatile global pricing in iron ore and steel products and consistently reduced its absolute level of debt over…
The owner of Metalloinvest the billionaire Alisher Usmanov reported on the salary at the enterprises. For example, in Belgorod region, where the main enterprises of Metalloinvest are situated – Mikhailovsky and Lebedinsky GOKs and OEMK – the average salary is 24 thousand rubles, according to Rosstat. “At our enterprises the average wage is 41 thousand…
In 2016 Metalloinvest increased revenue by 5.4% YoY, to 283.1 billion rubles. Profits rocketed 7-fold, to 72.5 billion rubles. Fixed liabilities dropped from 268.3 billion rubles, to 248.2 billion rubles, but current liabilities decreased 14-fold, to 3.5 billion rubles. The Metalloinvest board of directors decided to pay 14.2 billion rubles of dividends. Last year the…