MMK’s environmental efforts and resource management recognized by industry competition

Magnitogorsk Iron and Steel Works (MMK) won the XV industry competition titled ‘Metal and Mining Enterprises with Highly Effective CSR’. The competition participants were 61 metal and mining enterprises. For the second year in a row, MMK is amongst the winners in the category ‘Environmental Protection and Resource Management’. MMK’s investments in environment protection last year exceeded 4 billion rubles. The company undertook a number of large ecological projects including: the reconstruction ...
07 September 2018., 11:43   comment

MMK’s hot-rolled products Mill 2000 sets another record

PJSC Magnitogorsk Iron and Steel Works’ ("MMK") most powerful unit, hot-rolled products Mill 2000, produced 527.5 ths tonnes of metal in May 2018, setting an all-time record for monthly output. It was the highest production volume at the mill since its commissioning in 1994, beating the previous monthly record of 526.2 ths tonnes set in January 2015. MMK’s hot-rolled products Mill 2000 is one of the most powerful facilities in Russia. It is located at MMK’s sheet-rolling shop No 10 and was modernised ...
18 June 2018., 16:42   comment

MMK showcases environmental policy in action

Magnitogorsk Iron and Steel Works (MMK) has published a video titled “MMK – Caring About the Future” describing its environmental efforts. The six-minute video presents the results of MMK’s environmental activities in the past few years in a clear and simple way, and outlines the Company’s mid-term environmental plans. The video summarises an enormous amount of data using infographics. It also contains information on MMK’s numerous activities to combat air and water pollution, as well as in ...
06 August 2018., 17:40   comment

MMK invests over RUB 4 bln in environmental programmes in 2017

In 2017, Magnitogorsk Iron and Steel Works invested 4,157.8 million rubles in environmental initiatives. From 2018 to 2025, the Company plans to spend more than 38 billion rubles on environmental protection. In 2017, 2,578 million rubles were invested in the construction and reconstruction of facilities aimed at improving air quality. As a result of the implementation of 31 environmental initiatives, air pollutant emissions were cut by 2,536 tonnes per year. The key projects of the past year ...
05 April 2018., 14:48   comment

MMK continues to improve energy efficiency of production

The total economic effect from the implementation of projects to improve the energy efficiency of production processes at the Magnitogorsk Iron and Steel Works in 2017 amounted to about 1 billion rubles. Work to improve energy efficiency was carried out at all levels of the plant’s industrial site. As in previous years, the Company’s energy conservation and energy efficiency activities were carried out in several directions. One of these is the study and implementation of energy-saving ideas. ...
04 September 2018., 12:13   comment

MMK to build new sinter plant worth RUB 22 bln

Magnitogorsk Iron and Steel Works (MMK) is completing the final preparatory stage of work for the construction of a new sinter plant in Magnitogorsk. The current works include driving piles, laying foundations and installing the metal structures. The installation of the main technological equipment is planned for March 2018. The total capital investment in the complex, which will provide an opportunity to significantly improve the quality of the sintered steel and reduce the environmental impact, ...
18 January 2018., 15:15   comment

MMK recognised by The Ministry of Natural Resources and the Environment for its active environmental policy

Magnitogorsk Iron and Steel Works was awarded by Russia’s Ministry of Natural Resources and the Environment for its active environmental protection policy. Government experts awarded MMK top marks for its large scale environmental projects this year. The awards ceremony took place on the 12th December at the Ministry’s Federal Environmental Council in Moscow. MMK’s Director of Occupational Health and Safety and Environmental Protection, Grigory Schurov, received a certificate entitled “Active ...
25 December 2017., 14:59   comment

MMK Aims Quarterly Dividend Payments

MMK Aims Quarterly Dividend PaymentsThe Board of Directors of PJSC Magnitogorsk Iron and Steel Works (“MMK” or “the Company”, ticker: MMK: LI) on 16 October 2017 approved a resolution to convene an extraordinary general meeting of shareholders (EGM) with absentee voting, and approved the agenda for the EGM as follows: Payment of dividends on issued shares of PJSC MMK based on the results of the first nine months of 2017. The decision establishes a new precedent for the frequency of the company’s ...
17 October 2017., 10:23   comment

MMK EGM approves dividends for H1 2017

PJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company”) announces that an Extraordinary General Meeting of shareholders was held on 29 September 2017 (“the EGM”) with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of RUB 0.869 (before taxes) per share for the first half of 2017 (or approximately USD 164 mln in total based on the exchange rate as of the end of the period). This amounts to 75% of free cash flow under IFRS for ...
10 March 2017., 15:47   comment

MMK recognised in Top 10 environmental rating in Russia for the 2nd time in a row

PJSC Magnitogorsk Iron and Steel Works (“MMK”) efforts have been recognised as one of the Top 10 environmental initiatives by companies in Russia’s energy and metal sectors in H1 2017. The rankings, compiled by the Modern Media Research Institute and Live Planet TV, include environmental initiatives by 33 Russian metal and energy companies covered in the media in January-June 2017. MMK took 10th place in the ratings, thereby confirming the result from H2 2016 and making MMK the only ferrous ...
22 September 2017., 16:20   comment

MMK Trading House posts record-breaking sales

MMK Trading House, a part of Magnitogorsk Iron and Steel Works ("MMK") Group, reports sales of 840,000 tonnes of products for the first eight months of 2017, up 14% year-on-year. In August 2017, the company set a new record in monthly sales – shipping more than 145,000 tonnes of metal, metalware, and profiled metal. Warehouse sales grew thanks to optimised warehouse logistics and increase in sales to end customers. Strong results were in particular demonstrated by the company’s production facility ...
15 September 2017., 15:21   comment

MMK invests RUB 1.64 bln in environmental protection activities in 1H 2017

PJSC Magnitogorsk Iron and Steel Works ("MMK") invested RUB 1.64 bln in renovating and building new environmental facilities in the first six months of 2017. The initiatives are part of the MMK annual environmental program designed to minimise the impact of production facility and unit operations on the environment. Most projects implemented by MMK as part of the programme use the best available technologies ensuring world-class performance. Recently, the reconstruction of the sulphur collection ...
09 August 2017., 11:44   comment