Iron ore, Metals and mining

Ferrexpo increased net profit by 6 times in 2016

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).

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Metalloinvest to allocate 14.2 bln rubles to pay dividends for 2016

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,

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Poltava GOK increased operational profit by 19%

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.

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Net profit of Metalloinvest grew by 5.3 times to $1.15 bln in 2016

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.

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Norilsk Nickel is ready to discuss participation in the development of Udokan.

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

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Metalloinvest denies negotiations on supply of iron ore to the Donetsk and Lugansk People’s Republics

Metalloinvest doesn’t negotiate on the supply of iron ore in the Donetsk and Lugansk People’s Republics, the company’s representative reports.

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Korshunovsky GOK updates equipment at its site

Since the beginning of the year, Korshunovsky mining plant (GOK, a part of Mechel) has installed four magnetic separators at the enrichment plant.

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Severny GOK reduced pellets production by 11% in January-February 2017

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.

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Volume of ferrous metals transshipment through port of Novorossiysk by 14.2%

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.

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In the first week of March, railway shipment of ferrous scrap metal grew by almost a third

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.

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