2011-02-03 10:05:00 VSMPO-AVISMA announces results of audited consolidated IFRS Financial Statements for 2009
Consolidated financial results of VSMPO-AVISMA Corporation for the year of 2009 are as follows:
- sales revenue: USD 977.84 mln.;
- operational profit: USD 164.78 mln.;
- EBITDA was equal to USD 176.096 mln. (adjusted for noncash charge and without exchange rate differences, EBITDA was ...
2011-02-03 10:03:00 OMZ-Spetsstal will manufacture hydro turbine shaft for Zhigulevskaya power plant
OMZ-Spetsstal, a part of OMZ Group, will manufacture a hydro turbine workpiece shaft for the Zhigulevskaya power plant, ordered by OAO Power Machines.
Manufactured from a 190 ton slab in cooperation with OAO Izhorskiye Zavody, the workpiece shaft will be 6 m long and 1.5 m in diameter. ...
2011-02-03 10:01:00 Management changes at Evraz Palini e Bertoli
Evraz Group S.A. announces recent management changes at Evraz Palini e Bertoli S.p.a., its Italian plate-rolling facility. The most recent development of Evraz Group strategy towards lean manufacturing and centralization of some key Company functions narrowed the role of CEO that will no ...
2011-02-02 10:12:19 Mechel announces new appointments in Izhstal
Mechel, one of the leading Russian mining and metals companies, announces the appointment of a new Managing Director of Izhstal OAO (Izhstal), part of Mechel Group.
Konstantin Kretov, 48, was appointed Managing Director of Izhstal effective February 1, 2011. He succeeds Valery Moiseyev, ...
2011-02-02 10:01:00 New potential of construction complex of Moscow region
Alexey Efimov, Metal-Expo Director General visited Tula Steel Structures Plant, a Steelinvest facility as part of arrangement of MetallStroyForum’2011 International Exhibition for Steel Products and Structures for Construction . Looking back, Steelinvest set up an own-produced steel ...
2011-02-01 17:35:28 Mechel announces new appointments in Izhstal
Mechel, one of the leading Russian mining and metals companies, announces the appointment of a new Managing Director of Izhstal, part of Mechel Group.
Konstantin Kretov, 48, was appointed Managing Director of Izhstal effective February 1, 2011. He succeeds Valery Moiseyev, who managed the ...
2011-02-01 14:14:38 Chelyabinsk Zinc Plant produced 153.3 thousand tonnes of zinc in 2010
Chelyabinsk Zinc Plant announced its production results for the twelve months 2010.
January through December 2010, Chelyabinsk Zinc Plant (CZP) produced 153.3 thousand tonnes of salable SHG zinc and zinc based alloys, an increase of 28% as compared to the same period of 2009 (119.9 ...
2011-02-01 13:05:55 KZOCM launched new complex
Kirovsk non-ferrous metals processing plant (KZOCM, owned by UMMC), has launched of a new complex for manufacture of copper semi products. It may make sheets and strips from copper ind its alloys (in a range of the most demanded thickness in the market from 0,025 to 2,5 mm). Capacity of the ...
2011-02-01 10:38:23 Significant events in EZTM activities in 2010
* The CRTM 350-8 installed at "TISCO" (China) is put into operation. The 100% performance indices are reached.
* The loading tests of the CRTM 40-5 equipment installed at "SinTZ" JSC are successfully carried out.
* The modernization of CRTM 55 installed at ...
2011-02-01 10:34:19 Evraz changed accounting policies
Evraz Group has resolved to change its accounting policies regarding the measurement of certain classes of property, plant and equipment.
As of 1 January 2009, Evraz made a voluntary change to its accounting policies to account for selected classes of property, plant and equipment (land, ...
2011-01-31 13:18:20 VSMPO-Avisma plans to produce 27.200 tons of titanium in 2011
VSMPO-Avisma Corproration produced 20.700 tons of titanium in 2010, Dmitry. Trifonov, the production director of VSMPO (branch of VSMpO-Avismy) said in a interview to a corporative newspaper.
According to him, the last year was quite successful for the majority of VSMPO divisions. Shop №4 ...
2011-01-31 10:34:22 NLMK completes installation of new waste neutralization plant
NLMK has finished the installation of a new environmentally friendly industrial waste neutralization plant with the capacity to process 1,200 tonnes of waste per annum. It will be used to burn low-hazard waste materials generated by the Company, including oiled cloth, saw dust, paper and ...
2011-01-28 16:17:25 Refined copper output in Russia grew by 4.6% in 2010
According to the Federal State Statistics Service, in 2010 refined copper production has increased by 4.6% to 2009, copper wire: by 32.9 %, plates, sheets, strips and tapes: by 32.1%, and foil: by 76.3 %. However ,copper bars and profiles output reduced to 6.3%.
As to production results ...
2011-01-28 10:32:37 Severstal develops cooperation with International Auto Concern Facilities in Russia
Severstal continues to be an official supplier of rolled metal products for the Renault group in Russia, and also received positive test results for rolled metal products from HYUNDAI-KIA and Ford, which will enable it to start deliveries to those companies in the medium term.
Severstal ...
2011-01-28 10:05:00 NLMK completes installing equipment at new power plant
NLMK has completed installation of the main equipment for a new 150MW Heat and Power Plant – one of the key facilities forming Stage II of its Technical Upgrade Program. This project will increase its power generation capacity by 45% from 332 MW to 482 MW. This will improve the Lipetsk ...
2011-01-27 16:31:29 Copper wire rod plant can be build in the Voronezh region
Alexey Gordeyev, Governor of the Voronezh region has held a meeting with Igor Bendoi, the owner and Andrey Pegin, Director General of Cannery Kantemirovsky.
Businessmen have presented to the governor a project of building of a copper wire rod manufacture plant using cannery ...
2011-01-26 12:52:12 Rusal resumes construction works at the BEMO
UC Rusal announced that the company has received credit funds from VEB for the construction of the first start-up complex of the Boguchansky aluminum smelter and that it has resumed works at the construction site.
The construction of a number of production facilities of the first start-up ...
2011-01-26 10:39:46 New technology for delivering insulating bulkhead components underground has been introduce at Gubkin mine
Belgorodskaya Oblast, city of Gubkin, OAO KMAruda Works. A new technology for delivering insulating bulkhead components underground is being introduced at the Gubkin mine. Work has now been completed to drill a well, reaching from the surface to a the level of 125 meters, that is intended for ...
2011-01-26 00:45:50 Building of Taishet aluminum plant will be resumed in June
Building of Taishet aluminum plant will be resumed in June, 2011, the press-office of administration of the Taishet region has informed. By this time the first starting complex will be 60% completed. The first batch of products is planned to manufacture in December 2012.
In 2006, Rusal ...
2011-01-25 11:28:32 TMK ships pipes for Portovaya Compressor Station at Nord Stream Gas Pipeline
TMK, one of the world’s leading oil and gas steel pipe producers, has sent a shipment of seamless pipes to Gazprom for construction of the Portovaya compressor station (CS). Unique in its technical and operating characteristics, the Portovaya CS will be a starting point for gas supplies ...
2011-01-25 11:27:01 NLMK complies REACH standard requirements
NLMK Group companies have successfully completed the registration of their products as required by Regulation EC No. 1907/2006 (REACH) planned for 2010.
Technical dossiers for the Group’s products were compiled using recommendations from consortiums created jointly by European and ...
2011-01-24 10:35:33 Evraz to relocate North American Headquarters to Chicago
Evraz Group announced plans to relocate the headquarters of North American operations Evraz Inc. NA from Portland, Ore. to Chicago, Ill. this June. Evraz selected Chicago primarily for its logistical advantages, which will provide easier access to customers, manufacturing operations and its ...
2011-01-24 02:05:43 NLMK wins bid to develop Usinsk coal deposit in Komi Republic
NLMK has won the right to develop the third mining area in the Usinsk coal deposit (Usinks-3) located in the north of the Komi Republic. NLMK was selected following a competition organized by the Subsoil Agency of the Komi Republic. The license fee is RUR900 million. The license granting the ...
2011-01-21 18:13:40 Norilsk Nickel develops its port fleet
MMC Norilsk Nickel (“Norilsk Nickel” or the “Company”) informs that the construction of 1,110 t fuel bunkering vessel ordered by the Company was started by OJSC Krasnoyarsk Shipyards.
The construction will be carried out as part of the program aimed at the ...
2011-01-21 10:01:00 MMK receives approval for Joint Implementation project within framework of Kyoto protocol
The Russian Ministry of Economic Development has approved the Joint Implementation project “Implementation of arc-furnace steelmaking at Magnitogorsk Iron and Steel Works”. The project has been implemented in accordance with the rules of the Kyoto Protocol to the United Nations ...
2011-01-21 00:05:05 Mechel announced 2010 Operational Results
Mechel, one of the leading Russian mining and steel companies, announced 2010 operational results.
Products
2010, thousand tonnes
2010 vs. 2009, %
Coking coal concentrate
11,506
+52 ...
2011-01-20 14:40:54 Rusal to participate in the sale of Emission Reduction Units under the Kyoto Protocol
UC Rusal announces the inclusion of the «Reduction of perfluorocarbon (PFC) emissions at the Krasnoyarsk aluminum smelter (KrAZ)» project in the list of approved projects carried out in accordance with Article 6 of the Kyoto Protocol to the UN Framework Convention on Climate ...
2011-01-20 10:17:11 Czech Republic government delegation visits Izhorskiye Zavody
Last week the Czech Republic government delegation visited Izhorskiye Zavody. The delegation comprised P. Kolarge, Extraordinary and Plenipotentiary Ambassador of the Czech Republic in Russian Federation, V. Bartushka, Czech Republic Government Commissioner of Energy Security and Temelin ...
2011-01-19 12:29:02 NLMK-Long Products launches new production facility
In December 2010 the NSMMZ Rolling Facility in Berezovsky (NLMK-Long Products, NLMK subsidiary) obtained a favourable report from the Federal Service for Environmental, Technological and Nuclear Supervision of the Russian Federation in addition to authorization for its launch.
The ...
2011-01-19 10:17:48 NLMK purchases new equipment to upgrade rolling facilities
NLMK has signed contracts with SMS Siemag AG and Sytco AG, agreeing the supply of new equipment for its Lipetsk-based rolling operations worth a total of EUR15.3 million.
SMS Siemag AG (Germany) will supply equipment necessary for the modernization of the hot strip mill run-out table, ...
2011-01-18 10:26:24 Izhorskiye Zavody win a tender for production of petrochemical equipment for TAIF-NK oil refinery
Izhorskiye Zavody, a part of OMZ Group, has won an international tender for the production of petrochemical equipment for OAO TAIF-NK oil refinery (Tatarstan Republic, Nizhnekamsk).
According to the contract Izhorskiye Zavody is to manufacture the DS-302 hydro treater unit, with weight ...
2011-01-18 10:22:46 EZTM quickens pace in ring gears manufacture
The ring gears for ball mills are manufactured and shipped to the Customer:
- ring gear 5,050m OD for "Korshunovsky Gok" JSC,
- ring gear 4,482m OD for "GMK Norilsky nickel" JSC,
- 4 ring gears 4,416m OD for "Irkutskenergo" JSC,
- ring gear 7,830m for ...
2011-01-17 11:37:20 Norilsk Nickel: Rusal claims are unreasonable
MMC Norilsk Nickel (the Company) notes the information published on the web-sites of the relevant Russian courts that LLC UC Rusal Investment Management (UC Rusal has filed three claims with the Commercial Court of the Krasnoyarsk Territory to the Company, its indirect wholly-owned ...
2011-01-17 10:20:20 Severstal statement in relation to its subsidiary announcement
Severstal, one of the world’s leading integrated steel and mining companies, announces that Nord Gold N.V. (“Nord Gold”), a gold producer and a wholly-owned indirect subsidiary of Severstal intends to proceed with an initial public offering and listing of its ordinary shares ...
2011-01-14 10:32:45 Severstal Columbus earns International Automotive Quality Recognition
Severstal North America recently announced that SRI Quality System Registrar has awarded an ISO/TS 16949:2009 and an ISO 9001:2008 management system certificate to Severstal Columbus for the manufacture and supply of steel coils.
“SRI is pleased to acknowledge that Severstal ...
2011-01-14 10:29:08 Evraz signs a contract with Praxair Rus for supply of industrial gases
Evraz Group and Praxair Rus, a subsidiary of Praxair, Inc., one of the three largest worldwide industrial gases companies and a technological leader in this field, have signed a long-term contract for supply of industrial gases to NTMK, Evraz’s steel mill in the Urals, Russia. ...
2011-01-14 00:47:05 Renova Group raises CHF 2 bln Club loan
Renova Group has finalized the deal on borrowing CHF 2 bln. club loan. The Group is structured as a self-arranged club deal and divided into 4 tranches with tenors ranging from 4 to 7 years. The club was arranged by the following banks: Credit Suisse AG acting as the Security Agent, ING Bank ...
2011-01-13 09:38:36 VSMPO-Avisma to invest $250 million in 2011
VSMPO-Avisma Corporation plans to invest in production development $250 million in 2011, said Michael Voevodin, Director General in his interview to the corporate edition of the company.
According to investment program VSMPO-Avisma plans to invest $500 million in modernization till 2015. ...
2011-01-13 09:16:35 TMK announced fourth quarter and full-year 2010 production results and trading update
TMK, one of the world’s leading oil and gas steel pipe producers, announced its production results for the period ending December 31, 2010.
During 2010, TMK shipped a total of 3,969 thousand tonnes of pipes to customers, a 42.2% increase on the amount shipped in 2009.
The ...
2011-01-12 13:04:34 Russian ferrous industry 2010 outlook
January
A. Fedorov, co-owner of ChTPZ Group headed the tubular division of the company. After that Sberbank opened the Group lines of credit for 10bn rubles.
Severstal was granted a permission to build a mini-plant in the Saratov region.
MMK shut down all Belon representative offices ...
2011-01-12 09:40:00 Russian non-ferrous industry 2010 outlook
January
The highlight of January was placing of Rusal IPO on Hong Kong and Paris exchanges. As a result Rusal gained more than $2bn.
The first stage of modernization of the dressing mine of Kolskaya Mining and Metallurgical Company was completed.
Katur-Invest (part of UMMC) produced 2 ...
2011-01-12 03:15:28 Mechel announces payment of dvidends based on 2009 fiscal year results
Mechel announces a dividend payment (including taxes) of RUR 910,223,721.05 (approximately US$29.9 million as of December 31, 2010), based on the Company’s results for the 2009 fiscal year.
Mechel has allocated a total of RUR 910,245,362.40 (approximately US$29.9 million *) ...
2011-01-11 10:26:37 Severstal acquires 100% of Crew Gold Corpotation
Nord Gold N.V. (“Nord Gold”), a subsidiary of OAO Severstal (“Severstal”), announced today that it had acquired through a subsidiary all common shares (“Common Shares”) of Crew Gold Corporation (“Crew Gold”) that it did not already own at a ...
2011-01-11 10:24:02 Mechel announces management changes in Mechel Energo
Mechel OAO, one of the leading Russian mining and metals companies, announces the appointment of Sergey Zorin as acting general director of Mechel Energo OOO.
Victor Gvozdev is relieved from the post of Mechel Energo OOO’s general director due to a malfunction in the Southern ...