Two locomotives collided at the Annovsky quarry of the Severniy Mining and Processing Works. The accident resulted in 3 dead and 1 wounded. All of them were SevGOK employees. The Annovsky quarry output is 10 million tons of ore per year. (Ukrainian metal)
In January-April Severniy Mining and Processing Works produced 2.917 million tons of pellets, up by 40% YoY. According to the company statement, concentrate output grew by 5.2%, to 3.835 million tons. In April the works produced 820 thousand tons of pellets and 1.002 million tons of concentrate. (Ukrainian metal)
Shareholders of Ingulets Mining and Processing Works, Central Mining and Processing Works and Severniy Mining and Processing Works (all parts of Metinvest) at their meetings on May 18 decided to pay dividends for 2017 in the total of 4.86 billion UAH. In particular, InGOK will spend 2.16 billion UAH to pay dividends, and leave 2.6…
Shareholders of three mining and processing works belonging to Metinvest intend to spend the combined amount of 4.86 billion UAH to pay dividends for 2017. The corresponding decisions are included in the agenda of the shareholder meetings scheduled for May 18. In particular, Severniy Mining and Processing Works plans to spend 2.16 billion UAH of…
According to the Svoboda Truda union chairman Igor Tokovenko, on April 18 the Severniy Mining and Processing Works employees will go on a strike. They intend to demand increase of salary, decrease of the working hours norms and setting up labor terms. Last year the State Fiscal Service found out that the enterprise did not…
Severniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…
The supervisory board of the Severniy Iron and Steel Works has relieved Pavel Timoshenko of his duties as the general manager. The acting CEO of the company is now the Metinvest Holding mining assets director Andrey Skachkov. Timoshenko was dismissed on February 19, while Skachkov was appointed from February 20. Timoshenko has been the SevGOK…
AutoKrAZ has supplied a batch of KrAZ-65055 (6×4) dump trucks with the lifting capacity of 16 tons to the Severniy Mining and Processing Works. The dump trucks have been delivered under the agreement concluded in December 2017. There were 4 dump trucks in the batch. This year Metinvest intends to acquire more KrAZ dump trucks…