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MMK to Invest in Environmental Protection
Wed, 25 Jan 2023 00:00:00 GMT
Steel producer Magnitogorsk Iron and Steel Works (MMK) has announced that it will invest RUB 26.8 billion ($455.2 million) in environmental protection this year. The main investments will be linked to the construction of new environmental protection facilities at MMK's by-product coke plant as part of its comprehensive overhaul. This will include the construction of coke oven battery No. 12. A total of around RUB 14 billion will be allocated to the projects. MMK's environmental program for

WWF experts laud MMK environmental programme
Tue, 20 Dec 2022 00:00:00 GMT
Magnitogorsk Iron and Steel Works (MMK) has improved its ranking in environmental management and environmental impact performance, taking sixth place in the World Wildlife Funds rating of environmental information transparency among mining and metals companies. MMK received a score of 1.616 nearly double the average result in the overall rating, which included 39 companies this year. The independent assessment, carried out by environmental experts and a professional rating agency,

MMK announces a change in its shareholder structure of it's stock
Thu, 04 Aug 2022 00:00:00 GMT
Magnitogorsk Iron & Steel Works (MMK, or the Group) (MOEX: MAGN; LSE: MMK) announces that on 3 March 2022 MMK received a notice of a change in its shareholder structure. The corresponding transaction was completed on 28 February 2022, about which the participants in the transaction and the Group provided all necessary notifications to the regulatory authorities. As a result of the transaction, 79.76% of the shares of PJSC MMK owned by Mintha Holding Limited (hereinafter referred to

Russia: metal companies output collapsing
Mon, 30 May 2022 09:53:21 GMT
Russian metal companies are considerably decreasing output. Thus, compared with January-February, MMK has decreased steel production by 40%, while Severstal is reporting a 20-40% drop in June. MMK might produce 550 thousand tons of steel in June. With full loading of capacities the company produces around 1 million tons per month. A part of

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