Iron ore, Metals and mining
The revenue of Ferrexpo in 2016 grew by 2.6% to $986.33 mln.
In 2016 Ferrexpo made $189.2 mln of net profit, that is by more than 6 times exceeds the results of 2015 ($31.46 mln).
The holding company Metalloinvest will pay dividends for 2016 at the rate of 18.94 kopecks per one ordinary share on account of its net profit for 2016 and retained earnings of the previous years,
Poltava GOK (in the structure of Ferrexpo) on the results of 2016 increased profit from operational activity by 19% to 3.2 bln grivnas against 2.7 bln grivnas in 2015.
Metalloinvest in 2016 showed the growth of the net profit by 5.3 times to $1.15 bln. The revenue fell by 3% to $4.26 bln, is said in the company’s report under IAS.
MMC Norilsk Nickel was ready to consider a proposal to participate in the development of the Udokan copper ore deposit, but such an offer had not yet been received, the general director and the mai
Metalloinvest denies negotiations on supply of iron ore to the Donetsk and Lugansk People’s RepublicsEdited by Rhod Mackenzie / 2017-03-16 10:27:18
Metalloinvest doesn’t negotiate on the supply of iron ore in the Donetsk and Lugansk People’s Republics, the company’s representative reports.
Since the beginning of the year, Korshunovsky mining plant (GOK, a part of Mechel) has installed four magnetic separators at the enrichment plant.
On the result of the railroad blocking leading to Donbass, the Severny GOK froze a half of its pelletizing machines. It will lead to the reduction of production results of the plant.
In January-February 2017, the cargo turnover of the Novorossiysk Commercial Sea Port Group remained at the level of the previous year, amounted to 23.8 million tons.
In the first decade of March 2017, the dispatch on the network of Russian Railways increased by 5% against the level in the same period of the previous year.