2011-03-30 12:29:22 En+ Downstream expands output of aluminium semi-products
En+ Downstream (includes Krasnoyarsk Metallurgical Plant KraMZ, Dmitrov Can Tape Test Plant Dozakl and Mosmek - manufacturers of aluminium products for the aviation, spacecraft building, defense, construction and other industries) announces results for the year ended 31 December 2010.
The ...
2011-03-30 10:35:44 CherMC confirms compliance of its Quality Management System with top international standards
The Cherepovets Metallurgical Works (“CherMC”), part of the Russian Steel Division of OAO Severstal, one of the world’s leading steel and mining companies, successfully passed a recertification audit of its Quality Management System in compliance with International Standards ...
2011-03-30 10:28:06 OAO Koks: Best Kuzbass Brand, Sales Leader
Based on its 2010 performance, OAO Koks has been named the winner of the regional competition “Kuzbass Brand” in the category “Best Kuzbass Brand – Sales Leader” in the “Metallurgy” group. This year, 150 companies applied to participate in the ...
2011-03-29 10:25:19 Fitch Affirmed Norilsk Nickel at BBB- and removed "Rating Watch Negative". The Outloook is Stable
Norilsk Nickel announces that the international rating agency Fitch Ratings affirmed its foreign currency Long-Term Issuer Default Rating (IDR) at "BBB-" and foreign currency Short-Term IDR at “F3”. The agency has removed the Rating Watch Negative, where it was placed on ...
2011-03-29 10:21:43 Mechel announces launch of coking battery #6 at Mechel-Coke
Mechel OAO a leading Russian mining and steel company, announces the launch of the reconstructed coking battery #6 at Mechel Mining OAO’s subsidiary, Mechel-Coke OOO.
The launch will enable the company to step up production of coke and chemical products and ensure production ...
2011-03-28 11:20:07 Rusal signs MoU with Xinshan Aluminium Industry Demonstration Park
UC Rusal announces the signing of a Memorandum of Understanding (MoU) with Xinshan Aluminum Industry Demonstration Park, China’s largest organization responsible for the development of aluminium production in the country and supported by the Chinese Government. The MoU signed provides ...
2011-03-28 10:28:16 OAO Koks' focusing on modernization and environmental protection
Representatives from the Institute of Coal Chemistry and Chemical Materials Science have joined OAO Koks' scientific and technical council. The decision was made at a meeting between OAO Koks managing director Sergei Diakov and the director of the Institute of Coal Chemistry and Chemical ...
2011-03-28 10:16:36 MMK Group completed the sale of Belon energy business
Open Joint Stock Company Belon, part of Magnitogorsk Iron & Steel Works Group (MMK), announced it has completed the sale of its energy business including 100 percent shares of Listvyazhnaya Coal Mine and 100 percent shares of Listvyazhnaya Preparation Plant to SDS-Coal Holding Company. ...
2011-03-25 10:28:51 MMC Norilsk Nickel: 2010 performance of transportation and logistics
MMC Norilsk Nickel summarized the performance of Transport and Logistics Unit in 2010.
The Transport and Logistics Unit ensures the water, rail, truck and air transportation of all cargoes of the Company. In 2010, the unit’s cargo turnover amounted to 2.5 million tons with 1 ...
2011-03-25 10:22:35 Work is being completed to create new pneumatic collapsing system at OAO Koks' coal preparation division
The need to improve the pneumatic collapsing system of the charge warehouse is due to the fact that the factory mainline was insufficient for effective charge collapsing in the pressure silos. With the required pressure of six atmospheres, air with a pressure of three atmospheres was fed. As ...
2011-03-24 14:01:58 Producers and users of coated rolled products will discuss trends in the market
According to different estimations, today around 500 steel service centers and steel structures plants as major consumers of galvanized and painted rolled products including shaped decking, metal tiles, bent shapes etc. operate in Russia. The number of plants engaged in further processing of ...
2011-03-24 13:30:42 NLMK increases funding for environmental projects
In 2010 NLMK allocated RUR4.14 billion (almost RUR100 million up year-on-year) towards environmental protection projects at its main production site in Lipetsk, a record amount since the launch of the Company’s Technical Upgrade Program and the highest investment into environmental ...
2011-03-24 02:36:48 Rusal welcomes the new board at Norilsk Nickel
UC Rusal, the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, welcomes the election of a more balanced board of directors at the extraordinary general meeting of shareholders on 11 March 2011.
Rusal is pleased that all candidates supported by Rusal ...
2011-03-23 10:30:37 Results of the Extraordinary General Meeting of Shareholders of MMC Norilsk Nickel
MMC Norilsk Nickel announces results of the Extraordinary General Meeting of shareholders (EGM), which took place on March 11, 2011.
As reported earlier, the EGM had been initiated for the second time in less than six months by UC RUSAL Investment Management LLC (subsidiary of UC Rusal ...
2011-03-23 10:20:33 KMAruda to announce tender for construction of three new mineshafts
A tender has begun at KMAruda works to select a contractor for the construction of three new mineshafts. In connection with the tender, representatives from five Russian companies have arrived at the company: OOO GSK Shakhtproyekt, OAO Trest Shakhtspetsstroi, ZAO OShK Soyuzspetsstroi, OAO ...
2011-03-22 10:49:41 Rusal Sees Higher Demand for Aluminum From Japan
Russian aluminum producer United Co. Rusal sees good prospects for aluminum due to growing demand from Japanese reconstruction in the wake of the devastating earthquake and tsunami.
Rusal, which sends about 8% of its exports to Japan, expects demand for the metal to rise there in the ...
2011-03-22 10:20:53 Alexander Popov appointed Director General of OAO Olkon
Alexander Nikolayevich Popov has been appointed as Director General of the Olenegorsk Mining and Concentration Works (ОАО Olkon), part of the mining division of OAO Severstal, one of the world’s leading steel and mining companies, with effect from 22 March 2011.
Alexander ...
2011-03-22 04:00:21 NLMK boosts its colour-coating capacity by over 50%
NLMK has launched its 200,000 tpa Colour-Coating Line No.3 (CCL-3) for cold-rolled galvanized steel. The addition of the facility will have a significant effect on NLMK’s total production capacity for this high value added product, which will grow by 53% to 580,000 tpa, strengthening ...
2011-03-21 10:03:15 Russian aluminium export reduces, demand rise
According to Federal Customs Service of Russia, export of primary aluminium reached 164.8k tons in January 2011 (18.2% down year-on-year). In terms of money the total aluminium export reachedUSD 297 million as compared to USD 361.8 million in the corresponding period of 2010. Aluminium export ...
2011-03-21 04:02:47 TMK Acquires a Stake in Volgograd River Port
TMK, one of the world’s leading oil and gas steel pipe producers, has acquired a 25.5% stake in the Volgograd River Port from the Russian State. TMK won an auction held by Russia’s Federal Property Management Agency on March 16, 2011.
OAO Volgograd River Port includes several ...
2011-03-21 02:40:03 Freight One Hauled 220,000 Metric Tons of Iron Ore from East Siberia in February
A total of 220,000 metric tons of iron ore concentrate were hauled in Freight One cars from East Siberian deposits in February 2011.
The ore is hauled from Yevrazruda Company’s Irbinsky (Bolshaya Irba) Plant and Krastsvetmet Company’s Krasnokamensk Plant in Krasnoyarsk ...
2011-03-18 10:20:34 KRF-40 bucket-loader by PAUS to be installed at Gubkin mine
A new KRF-40 bucket-loader, manufactured by the German company PAUS, has arrived at the Gubkin mine. The new bucket-loader is mounted on rails and attached to overhead wiring. It is meant for use in loading ore spillage and for clearing rock from mining roadways and railway areas. Once ...
2011-03-18 00:33:47 Freight One Hauled Over 94,000 metric tons of Aluminum in January-February 2011
Freight One hauled 94,100 metric tons of aluminum in the first two months of 2011 from the Krasnoyarsk and Sayanogorsk aluminum smelters to the ports of the Northwestern, Far Eastern and Azov-Black Sea regions, an increase of 0.9% over the same period of last year.
The company attributes ...
2011-03-17 10:36:07 MMK spent more than 400M rubles on labor protection in 2010
Magnitogorsk Iron and Steel Works analyzed results of 2010 labor protection program. The analysis showed that the labor protection at all the divisions of the Works was carried out in accordance to the Acting Law of the Russian Federation. The industrial safety management system and labor ...
2011-03-17 10:21:14 Electrostal Heavy Engineering Works continues performing orders
Mechanical – assembling shop №1 is completely furnished with orders to the end of the 1st quarter. Blast-furnace equipment and rolling equipment are in production, the work on the orders is carried out for “Vyksa Steel Works”, JSC , for “Taganrog metallurgical ...
2011-03-16 10:28:05 EVRAZ Launches «EVRAZ New Leaders 2011» Programme
Evraz Group has announced the launch of «EVRAZ New Leaders 2011», a multi-module integrated programme aimed at developing the Company’s personnel.
The programme is intended for employees with a higher technical education. In 2011, 57 employees of EVRAZ subsidiaries in ...
2011-03-16 10:25:32 Acroni to be first industrial company to be SIST EN 16001 certified
On March 15 Acroni, SIJ – The Slovenian Steel Group, became the first industrial company, and only the second company in the whole of Slovenia, to be officially SIST EN 16001 certified (Energy Management Systems). At the beginning of 2011 an external certification audit was carried out ...
2011-03-15 11:29:35 Standard & Poor’s upgrades Evraz to B+
Evraz Group welcomes the upgrade by Standard and Poor’s Rating Service of Evraz’s long-term corporate credit rating from ‘B’ (Stable) to ‘B+’ (Stable).
Standard & Poor’s commented: “The upgrade reflects an improvement of Evraz's ...
2011-03-15 11:20:12 Tibor Simonka nominated President of Executive Board of Directors of SIJ, Slovenian Steel Group
On March 1Tibor Simonka Nominated The President of the Executive Board of Directors of SIJ –The Slovenian Steel Group for Another Five-Year Mandate On Thursday, 24 February 2011, the 13th regular meeting of the Supervisory Board of SIJ – The Slovenian Steel Group took place, where ...
2011-03-14 12:20:34 Evraz statement regarding equity stake in Raspadskaya
Evraz Group S.A. notes media speculation regarding the potential disposal of Evraz's 40% indirect equity stake in the Russian coking coal producer OAO Raspadskaya.
Evraz confirms that it is considering options with respect to this stake, and will refrain from further comments unless a ...
2011-03-14 10:20:50 MMK announces signing of share purchase agreement with view to consolidate 100% shares of MMK ATAKAS
MMK announces signing of the share purchase agreement to acquire 50 percent minus one share of MMK-Atakas from the Atakas Family. The agreement price is USD 485 million. Thus, MMK will be able to consolidate 100% shares in the Company. The transaction is expected to be completed by November ...
2011-03-11 18:25:04 Extraordinary General meeting of shareholders of Norilsk Nickel
Extraordinary General Meeting of Shareholders (“EGM”) of OJSC MMC Norilsk Nickel (“MMC Norilsk Nickel” or “the Company”) took place in Moscow today. The agenda of the shareholder meeting included two items: pre-term termination of powers of the Board ...
2011-03-11 10:20:01 Evraz Group appoints Vice President of Corporate Communications
Evraz Group announces the appointment of Oleg Kuzmin as Vice President of Corporate Communications. He will be responsible for the implementation of PR strategy and the Communication Policy of the Company. He will also be accountable for the coordination of the internal and external ...
2011-03-11 09:50:25 UC Rusal makes debt repayments totalling USD835 million
UC Rusal announces that it has made debt repayments in the total amount of approximately USD835 million to its international lenders, Russian lenders and Onexim Holdings Limited under the International Override Agreement (IOA).
The debt repayments were made on four separate dates, 16 ...
2011-03-10 11:40:41 US Federal Court Orders The Bank of New York Mellon to Provide Norilsk Evidence to RUSAL
On 9 March 2011, the US Federal District Court for the Southern District of New York granted RUSAL’s application for discovery from Bank of New York Mellon (“BoNY”).
The court ordered BoNY to produce all documents concerning the Trafigura Transactions and the Buy-Back, ...
2011-03-10 10:12:51 MMK-Atakas commissions electric arc furnace facility
MMK-Atakas, a joint venture of OJSC Magnitogorsk Iron & Steel Works (MMK) and Atakas Group, commissioned an electric arc furnace facility at the industrial complex in Iskenderun (Turkey) today in the presence of the Prime Minister of the Turkish Republic Recep Tayyip Erdogan. ...
2011-03-09 17:53:25 Mechel reports successful intermediate industrial testing of Uvatsk Deposit Quartzites
Mechel reports that the group’s Bratsk Ferroalloy Plant began test melting of an industrial probe of quartzites from the plant’s own resource base, the Uvatsk deposit.
The intermediate results of melting of the industrial probe of quartzites, the main raw material used in ...
2011-03-09 10:32:54 PRC Ministry of Environmental Protection delegation visits Izhorskiye Zavody production facilities
zhorskiye Zavody production facilities were visited by the delegation of the People’s Republic of China Ministry of Environmental Protection, headed by Chen Jinyuan.
The delegation included Hao Xiaofeng, director of the nuclear energy division of the Nuclear Safety Department, Gao ...
2011-03-09 10:30:17 Mikhailovsky GOK won Russian Government Award
Mikhailovsky GOK (a subsidiary of Metalloinvest Holding) won the Russian Government Award in Science and Techology, as announced in the Decree of the Prime Minister Vladimir Putin #285-p dated February 25, 2011.
Mikhailovsky GOK received the Award for development and implemenation of the ...
2011-03-04 17:16:15 UC Rusal’s statement in connection with favorable Krasnoyarsk Arbitration Court judgment
Today the Krasnoyarsk Arbitration Court has issued a judgment in favor of UC Rusal by which it compelled Norilsk Nickel to disclose information about its operational activities and certain transactions including the accounting documents for shipments of metal for export and domestically, ...
2011-03-04 12:21:08 Norilsk Nickel Statement regarding UC Rusal Anouncement
MMC Norilsk Nickel (the “Company”) notes the announcement by UC Rusal that it had rejected the Company's revised proposal to acquire a 20% interest in the Company from UC Rusal’s wholly-owned subsidiary, LLC United Company RUSAL Investment Management, for $12.8 billion. ...
2011-03-04 11:14:39 MMK announced the results of its RUR 5 bln bonds placement at MICEX
On March 03, 2011 MMK placed its RUR 5 bln bonds (series BO-04) with the maturity period of 1092 days (3 years). The offer for the issue is not provided. The issue is included in the list “B” at MICEX.
The total value of demand from investors equaled to RUR 8.746 bln which ...
2011-03-04 10:40:06 Rusal declined the offer of Norilsk Nickel
UC Rusal announces that the Board of Directors of Rusal have resolved to reject the proposal set out in the letter from MMC Norilsk Nickel to purchase the company’s 20% stake in MMC Norilsk Nickel.
The Board of the Company carefully studied the analysis of the situation ...
2011-03-04 10:11:28 TMK’s premium connections run into Lukoil’s offshore
Specialists from TMK, the global producer of pipes for the oil and gas industry, took part in lowering a tubing string with Premium-class threaded connections into a well of more than 2.5 kilometers deep, situated on Luloil’s Yury Korchagin oil deposit in the Caspian Sea.
The pipes ...
2011-03-03 16:56:33 Platform to Make Decisions
Another session of Metal-Expo’2011 Organizing Committee was held in Moscow on Mach 2. Among the member of the Organizing Committee are representatives of the key industrial unions and associations acting in the steel industry, construction, and machine-building, as well as heads of ...
2011-03-03 10:19:12 MMK spent over 2.2 billion rubles on environmental safety improvement in 2010
MMK posted the 2010 results of its Environmental Program implementation today. In pursuit of a better ecology by reducing and preventing harmful impact on the environment the company implemented 35 special projects for the total of over 2.2 billion rubles (over $73 mln).
Most of the ...