2011-09-08 10:06:00 Conversion and completion of redemption of convertible bonds due 2014
Evraz Group announces that, further to its announcement on 24 June 2011, all the remaining outstanding convertible bonds due 2014 being US$100,000 in aggregate principal amount were redeemed on 4 August 2011. Earlier US$649,900,000 in aggregate principle amount of bonds were converted into ...
2011-09-07 10:23:35 Norilsk Nickel attracts young specialists with grants
MMC Norilsk Nickel announces the introduction of new corporate grants for both students of target preparation groups and interns at the Group companies within corporate Professional Start program.
The project aims at increasing the interest of youth to graduate with specialties demanded ...
2011-09-07 10:13:46 Mechel announces Elga first results
Mechel, one of the leading Russian mining and metals companies, announces the first results of mining in Yakutugol Holding Company OAO’s Elga Coal Complex.
In accordance with plans announced earlier, mining at the Elga deposit started in August. The Elginsky open pit yielded some ...
2011-09-07 10:00:00 EVRAZ Appoints Vice President of Major Projects
Evraz Group announces the creation of a new business unit which will incorporate all of its major investment projects. To this end, the Company introduces the new position of Vice President of Major Projects. The creation of this new role and unit will support Company’s organic growth ...
2011-09-06 16:43:31 Mechel Announces Creation of Joint Venture Mechel Somani Carbon Private Limited, India
Mechel JSC, one of the leading Russian mining and metals companies, announces the creation of Mechel Somani Carbon Private Limited, India, set up jointly with India’s Somani Group. The joint venture will handle distribution of metallurgical coals on the Indian market.
Mechel Carbon ...
2011-09-06 15:56:52 “Russian Metal and Steel Market-2011”: strategic partnership
Organization of the business program of the autumn Metals Week in Moscow , the largest metallurgical forum in Russia and the CIS, proceeds. The International Conference “Russian Metal and Steel Market-2011” will be held on November 14th.
Traditionally, this event is ...
2011-09-06 09:06:30 Rusal rejected the proposal of Norilsk Nickel about buy-back
UC Rusal, announced that the Board of Directors of Rusal, having carefully discussed the letter received from MMC Norilsk Nickel proposing to acquire 15% of the outstanding ordinary shares of Norilsk Nickel, have unanimously resolved to reject the proposal. The Board of Directors believes the ...
2011-09-05 15:41:37 Almetyevky Pipe Plant, JSC announces production results for August 2011
Almetyevsky Pipe Plant, JSC (Tatarstan Republic, part of “United Metallurgical Company”, JSC), announced operation results for August 2011.
Output of pipes of different range in the reporting month amounted to 18 156 tons. Since the beginning of 2011, the plant has produced: ...
2011-09-05 14:06:34 Bratsk Aluminum Smelter accelerates delivery of aluminum to ports
Bratsk aluminum will be delivered to sea ports almost twice faster. In August, Bratsk Aluminum Smelter developed first “aluminum” freight consignor routes, a freight train consisting on an average of 60 railway cars with the total weight of about 5.500k tons.
Previously, ...
2011-09-05 10:00:00 MMK-Metiz overlooks 1H 2011 operational results
1H 2011 steel products output of MMK-Metiz reached 236.6k tons (15.8% up to 30k tons as compared to the corresponding period 2010).
The highest growth was achieved in the following types of hardware products: wire nails (35%), net (54%), and powder wire (19%).
Revenues from sales ...
2011-09-02 14:06:01 TMK announces 1H 2011 IFRS results
TMK, JSC - one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the six months ending June 30, 2011.
1H 2011 Highlights
Financials:
Revenue increased by 38% ...
2011-09-02 14:02:05 Severstal-Metiz completed construction of a new water processing cycle
The group of enterprises “Severstal-Metiz” (part of “Severstal Russian Steel” division) completed one of major investment projects of 2011, construction of a new water processing cycle for a more efficient equipment cooling on the Cherepovets steel wire production ...
2011-09-02 13:56:43 Abinsky Steel Works will build a steel melting plant
“Construction of the second stage of the Abinsky electrometallurgical plant, steel plant worth about 10 billion rubles, will begin in November 2011. The capacity of the plant will reach 1.3 million tons of steel billets per year. It is going to be built on company’s own finances. ...
2011-09-02 13:54:01 Norilsk Nickel arctic tanker passes sea trials
OJSC MMC Norilsk Nickel, informs that ice-class ARC7 Yenisey tanker passed through sea trials in Wismar (Germany) last week. The trials made it possible to test the performance of vessel’s devices and equipment. The tanker is being built as part of the Company’s own arctic fleet ...
2011-09-01 16:14:03 Shardinsky Auto-Aggregate Plant increased commodity output by a third (in 7 months)
From January to July 2011 “Shardinksy Auto-Aggregate Plant”, JSC (machine-building enterprise of UMMC) produced commodity products for 2 billion 33 million rubles, which is 35% higher y-o-y.
During the first 7 month of the current year Auto-Aggregate Plant has increased ...
2011-09-01 13:51:02 “Severstal” improves quality of production control
The Cherepovets Metallurgical Plant (part of division Severstal Russian Steel) launched Technological Process Control System project, worth a total of 42 million rubles.
The goal of the investment project is to improve management decision making process efficiency, by promptly delivering ...
2011-08-31 13:29:22 UMMC-OCM overlooks the Czech market
Management of UMMC-OCM (UMMC non-ferrous metals processing enterprises management company), and representatives of Metalimex (Czech Republic) discussed cooperation prospects during a visit to Verhnjaja Pyshma.
In particular, foreign experts were interested in copper and brass flats, ...
2011-08-31 11:53:21 In 2016 Yakovlevsky mine is going to reach an annual production level of 4.5 million tons
By 2016, Yakovlevsky mine (located in the Belgorod region), intends to reach the level of 4.5 million tons per year. With the increase in extraction volumes the enterprise is planning to increase the capacity of a grinding-sorting factory, as well as build a new charging complex. Due to this ...
2011-08-31 10:21:11 NLMK’s new 3.4 m tpa blast furnace enters hot testing phase
NLMK is proud to announce the launch of hot testing at its new 3.4 million tpa Blast Furnace No. 7 (BF-7). Today NLMK completed the burden and fuel charging operations. Air heated to 800 0C is blown into the furnace to prepare proper temperature conditions for iron smelting; later, blast ...
2011-08-30 12:38:20 Izhora Pipe Plant produced 200 000th large diameter pipe
The pipe, 1420 mm in diameter with a wall thickness of 21.6 mm and 12 m in length is designed to be used in the second stage of construction of the “Gryzovets – Vyborg” pipeline (project of Gazprom, JSC). The gas conveyed through the territory of the Vologodsky and ...
2011-08-30 11:08:28 Rusal increased extraction of bauxites by 22.8%, alumina output by 8%
In the first half of 2011, extraction of bauxites by Rusal enterprises integrated grew by 22.8% reaching 6.617 million tons. Rusal press release states that, the growth has been mainly achieved due to Windalco Ewarton (Jamaica), BCGI (Guyana) and North-Ural Bauxite Mine (Russia).
During ...
2011-08-30 10:51:27 Titanium industry gets boost in numbers
In January-July 2011 Russian titanium manufacture increased by 34.2% yoy and titanium semi-products by 8.8%.
On July 2011 titanium production increased by 57.6%, compared to the corresponding period of 2010, titanium semi-products rose by 14.4%. Comparing to June 2011 titanium output grew ...
2011-08-30 10:22:25 Mechel Announces Key Accomplishments at Yakutugol and Its Subsidiary Elga Coal Complex
Mechel, one of the leading Russian mining and metals companies, announces reaching full production capacity at the Nerungrinskaya processing plant of Yakutugol Holding Company OAO and gives an update on the construction of Elga Coal Complex.
In July, Yakutugol Holding Company OAO’s ...
2011-08-29 11:36:39 NLMK increases power generation using by-product gases 1.5-fold
NLMK will increase its use of by-product fuel gases from metallurgical processes at the main site in Lipetsk (Novolipetsk) by the end of the year.
Average annual electric energy generation using coke and blast furnace gases is currently at the level of c. 190 MW, or over half of ...
2011-08-29 10:26:56 Rusal increased aluminium productiuon 1% up
UC Rusal announces its results for the six months ended 30 June 2011.
* Revenue increased by 18.8% to USD6,323 million in the first half of 2011, as compared to USD5,321 million for the first half of 2010, mainly due to increased prices and improved product mix.
* Adjusted EBITDA ...
2011-08-26 14:29:00 Magnesium output tends to rise
In January-July 2011 Russian magnesium manufacture rose by 20.1% yoy, however magnesium alloys output fell by 33.1%.
On July 2011 magnesium production rose by 26.3%, compared to the corresponding period of 2010, magnesium alloys: 36% down. Comparing to June 2011 magnesium output grew ...
2011-08-26 14:10:30 Maxi-Group declared bankrupt
The Moscow City Arbitration Court issued a ruling declaring bankrupt and initiating bankruptcy procedures against Maxi-Group.
This decision was based on a report prepared by E. Ryndenko, the external administrator, following an external observation procedure introduced by the court on ...
2011-08-26 14:06:00 VYKSA Steel Works started modernization of electric pipe-welding plant #2
VYKSA Steel Works (located in the Nizhny Novgorod region, part of United Metallurgical Company “OMK”, JSC) initiated a priority reconstruction project of electric pipe-welding plant #2, part of small and medium diameter pipes complex. Site work expected to continue until mid 2013 ...
2011-08-25 13:03:32 In first half of 2011 Magnitogorsk cements workers increased revenue 1.3 times
“Magnitogorsk Cement & Refractory Plant”, JSC, part of “Magnitogorsk Iron & Steel Works”, JSC group increased its revenues 1.3 times to 953.3 million rubles within six months of 2011, compared to the corresponding period of 2010. Such growth was accomplished by ...
2011-08-25 11:17:14 NLMK H1 2011 and Q2 US GAAP results
NLMK, announces its consolidated US GAAP results for Q2 and H1 2011.
NLMK delivered a significantly improved financial and operational performance in Q2 2011, confirming its status as one of the most efficient global steelmakers. Sales revenue rose by 26% to $2.98 billion on the back of ...
2011-08-25 11:10:57 Dividend payment and agenda for Extraordinary General Meeting (“EGM”)
The Board of Severstal, one of the world’s leading integrated steel and mining companies, is recommending a dividend of 4.37 rubles (approximately $0.15) per share for the first six months of the financial year to 30 June 2011. The record date is 24 August 2011.
The dividend ...
2011-08-25 09:57:54 UC Rusal’s statement in connection with the voting on the Directors Board of Norilsk Nickel
UC Rusal , the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, considers it necessary to state the following.
Rusal’s representatives on the Board of Directors of Norilsk Nickel voted ‘against’ the proposal to purchase ...
2011-08-25 09:54:27 Norilsk Nickel sends the offer to UC Rusal
MMC Norilsk Nickel (hereinafter referred to as MMC Norilsk Nickel or the Company) sends the offer for acquisition of 15% of the Company shares for USD 8.75 billion from LLC UC Rusal Investment Management (part of UC Rusal).
The offer was approved by the majority of Norilsk Nickel Board ...
2011-08-24 10:32:08 Berillium Hydrometallurgical Plant to be built in Buryatia
Hydrometallurgical production complex will be built on Ermakovsky beryllium deposits, the Republic of Buryatia, one of the richest deposits in the world. The new plant will produce beryllium hydroxide to be delivered to Kazakhstan, China and Japan ...
2011-08-24 10:15:27 Steel rolled products manufacture in Russia tends to rise
In January-July 2011 steel rolled products output grew by 4.5% yoy including long products 16.1% up and flats 4.0% up.
In July 2011 steel rolled products manufacture rose by 4.1% compared to the corresponding period of 2010 reaching 5 million tons. Long products output: 11.7% up to 1.7 ...
2011-08-24 09:10:14 Court rejects UC Rusal’s writ of appeal against AGM-2010 results
MMC Norilsk Nickel (the Company) informs that the Federal Arbitration Court of the East-Siberian district on 23.08.2011 rejected the writ of appeal by UC Rusal Investment Management LLC (subsidiary of UC Rusal).
UC Rusal Investment Management LLC and Fonmi LLC tried to litigate decisions ...
2011-08-23 14:39:14 Russian Copper Company to start a new mining dressing complex in two years
Russian Copper Company has begun mountain-capital works as part of implementation of the GOK “Mikheevsky” project. The investment budget of the project reaches $650 million; at this moment about $133 million has been executed. Mikheevsky deposit situated in the Chelyabinsk region ...
2011-08-23 11:53:36 NLMK continues construction of Pelletizing Plant at Stoilensky
Stoilensky (an NLMK affiliate) has signed a contract with the Siemens VAI/Outotec consortium for the design and supply of required equipment and technologies, as well as the rendering of other services related to the construction of a Pelletizing Plant at Stoilensky with a capacity of 6 mtpy ...
2011-08-23 10:02:00 Severstal North America announces successful start-up of new pickle line
Severstal North America Announces Successful Start-Up of New Pickle Line Tandem Cold Mill in Dearborn, Michigan.
Severstal North America, a U.S.-based steel producer specializing in the full range of the high quality, light, flat-rolled products, today announced the successful launch of ...
2011-08-22 10:30:00 Evraz launches construction of a new coking coal mine
Evraz Group launches construction of a new coking coal mine Yerunakovskaya-VIII within its existing coal mining division Yuzhkuzbassugol (Kemerovo region, Russia). The total investment in the project will be c.17 billion roubles (approximately US$590 million) spent over the next three years. ...
2011-08-22 10:01:00 Norilsk Nickel board of directors will review conditions of offer to purchase Rusal shares
In accordance with the resolution of the Board of Directors of August 15, 2011, the management of OJSC MMC Norilsk Nickel has formulated the offer to purchase Company’s shares from UC Rusal Asset Management LLC (subsidiary of UC Rusal). Proposed conditions for this offer will be ...
2011-08-19 11:17:33 Russian aluminium semi-products output continues to grow
In January-July 2011 aluminium products manufacture in Russia trended to rise: aluminium alloys output grew by 40.1% yoy, bars and profiles: 24.7% up, rolled products: 39% up.
On July 2011 aluminium alloys production rose by 3.8% compared to the corresponding period of 2010 , bars and ...
2011-08-19 10:50:21 Deutsche Bank and Societe Generale raise funds for NLMK Group
NLMK has successfully closed a credit agreement for a total of EUR93 million with a maturity of 10 years. The facility will be used to finance NLMK Group’s capex program, notably to complete the construction of its Kaluga Mini-Mill, which is part of the Group’s Long Steel ...
2011-08-19 10:01:00 Metal-Expo’2011 program of events to extend
More than 50 events have already been confirmed as part of Metal-Expo’2011 International Industrial Exhibition (November 15-18, 2011, The All-Russia Exhibition Center, Moscow) program of events. The organizer of the event expects 15-10 more seminars, round tables and presentations to ...
2011-08-18 10:36:30 VSMPO-Avisma and Embraer extend an agreement
VSMPO-Avisma Corporation, the Russian manufacturer of titanium, aluminium and steel semi-finished products, and Embraer., the world’s largest manufacturer of commercial jets up to 120 seats, based in Brazil, signed an Amendment to the existing Long Term Agreement for supply of ...
2011-08-18 10:35:01 Severstal sponsors Museums of the Russian North charitable programme
The Museums of the Russian North programme is devised and sponsored by Severstal, one of the world’s leading steel and mining companies, to support the development of regional museums in northern Russia. The following organisations and projects were judged by an expert panel to be the ...