At the Annual General Shareholders’ Meeting (AGM) held on 19 April 2019, NLMK shareholders voted to confirm Grigory Fedorishin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (five seats out of nine).
At the Annual General Shareholders’ Meeting (AGM) held on 19 April 2019, NLMK shareholders approved the payment of FY2018 dividends of 22.81 rubles per share, or 102% of the Company’s free cash flow according to NLMK Group’s consolidated statements
NLMK Group (LSE: NLMK, MOEX: NLMK), a vertically integrated steelmaker, has published today its preliminary Q1 2019 operating results.
NLMK (LSE: NLMK) will be announcing its consolidated IFRS results for Q1 2019 on Tuesday, April 23, 2019.
International rating agency Fitch has upgraded NLMK Group’s long-term credit rating from BBB- to BBB (both are investment grade). The outlook remained stable.
The open-pit mine of Stoilensky, the second largest producer of iron ore concentrate in Russia, has launched a pilot project to implement a personnel positioning system. The system will improve the safety of open pit mining, as it will enable timely response to emergency situations through monitoring and analyzing the personnel's actions and equipment operation.
NLMK Group is pleased to announce the appointment of Dmitry Kholkin to the newly created position of NLMK Group’s Vice President for Digital Transformation and IT. Previously, he served as Vice President for Digital Transformation.
NLMK Group has begun hot testing of its accelerated cooling system at NLMK DanSteel's hot-rolling plate mill in Denmark. The new equipment will fundamentally change the company's product mix and increase the share of niche plate, including for offshore wind power generation and pressure vessels.
NLMK, NLMK Group’s Lipetsk site, has started installation of the reheating furnace equipment in its hot-rolling shop. A new walking-beam furnace will replace a previous-generation pusher-type furnace.
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