2010-10-27 12:36:21 Rusal’s profit grown thanks of Norilsk Nickel
UC Rusal, the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, announced that following the publication of Norilsk Nickel’s 2010 interim IFRS consolidated financial results, the cmpany has reassessed its share in profits of associates. As a result ...
2010-10-27 10:40:27 MMK contracted Hatch to design most efficient method of Prioskolskoye Deposit development
Magnitogorsk Iron & Steel Works (MMK) Hired Hatch Engineering and Consulting in Russia to pre-project the development of Prioskolskoye iron ores field. Under the contract, Hatch Engineering and Consulting, Russian division of the Canadian Hatch Company, will develop and deliver to MMK the ...
2010-10-26 13:25:06 Chelyabinsk Zinc Plant increased production by 44%
Chelyabinsk Zinc Plant (CZP) announced its production results for the nine months 2010.
January through September 2010, Chelyabinsk Zinc Plant produced 119.8 thousand tonnes of zinc and zinc based alloys, an increase of 44% as compared to the same period of 2009 (83.2 thousand tonnes). ...
2010-10-26 10:18:46 ArcelorMittal, the largest world steel producer will present its projects at Metal-Expo’2010
The delegation representing ArcelorMittal on its stand at Metal-Expo’2010 will exceed 40 steel industry professionals representing all the divisions of the company including ArcelorMittal Temirtau and ArcelorMittal Krivoy Rog. The company will present its major range of products from ...
2010-10-26 00:39:03 Bratsk Ferroalloy Plant to install four electric furnaces
Mechel announced that Bratsk Ferroalloy Plant, which is a part of Mechel group, has signed contracts to purchase four ferroalloy electric furnaces.
Bratsk Ferroalloy Plant and Siberian Plant of Electrothermal Equipment (Sibelectrotherm, Novosibirsk) have signed contracts to supply four ...
2010-10-25 16:55:29 Metalloinvest delegation at Metal-Expo’2010 will exceed 100 professionals
More than 100 heads and professionals will represent Metalloinvest, one of the leading Russian mining and metallurgical companies at Metal-Expo’2010, 16th International Industrial Exhibition in Moscow . 30 of more than 550 Metal-Expo’2010 exhibitors will be represented by 20 to ...
2010-10-25 15:01:33 OMZ-Spetsstal wins a contract for Sayano-Shushenskaya HPP
OMZ-Spetsstal, a part of OMZ Group, has won a contract for the delivery of two hydraulic turbine shafts to Sayano-Shushenskaya hydro power plant, ordered by OAO Power Machines Company.
It is not the first order placed by OAO Power Machines Company at OMZ-Spetsstal. Currently OMZ’s ...
2010-10-25 12:15:59 Ferroalloys manufacture in Russia has grown in nine months 2010
Russian steel industry produced 89.2 thousand tons of ferrosilicum and 17.4 thousand tons of low carbon ferrochrome in September, 2010.
Ferrosilicium output has grown by 2.3% as compared to August, 2010 and by 23.5% by September, 2009. Low carbon ferrochrome manufacture has reduced by ...
2010-10-25 00:24:32 Mining plant starts operation at Ozerny deposit
On 22 October 2010, as part of a working trip to the industrial site of Ozerny GOK, Sergey Garichev, Deputy General Director of MBC Corporation, Chairman of the Commission for acceptance of works and preparation of Statement on commissioning of Ozerny GOK as a mining plant, checked the ...
2010-10-25 00:17:50 Rusal to increase bauxite extraction in Ural
UC Rusal enterprises continue to grow manufacture in Sverdlovsk area. As the First Deputy CEO of Rusal Vladislav Solovev told at a recent meeting with Alexander Misharin, the Governor of Sverdlovsk area, UC Rusal plans to increase bauxite extraction on North Urals Bauxite Mine to 3,290 ...
2010-10-22 11:48:39 Freight One increases haulage of aluminium from Krasnoyarsk and Khakassia plants by 16.7%
In January–September 2010 JSC Freight One increased its haulage of aluminium from the Krasnoyarsk and Sayanogorsk aluminium plants by 16.7% against the same period of the last year.
Over the first nine months of 2010 Freight One transported a total of more than 530 thousand tonnes ...
2010-10-22 10:25:55 EZTM JSC has confirmed its compliance with international standard ISO 9001:2008
In October 5-7, 2010 the audit of the quality management system of EZTM JSC was carried out by the specialists of British Standards Institution (BSI). The audit results confirmed that EZTM JSC management system was maintaining its integrity throughout all the certification cycle (2008-2010) ...
2010-10-22 10:23:05 Preliminary results of the EGM of MMC 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 as approved by the Board of Directors on August 11, 2010, ...
2010-10-22 10:17:43 Evraz Wins Licence to Develop Eastern Coking Coal Field in Russia
Evraz Group S.A. announced that it has won the tender to develop the Eastern field of the Western part of the Ulug-Khemsky coking coal deposit in the central part of the Republic of Tyva, East Siberia. The tender was held by the Russian State Mineral Resources Agency. The licence will cost ...
2010-10-21 13:39:27 Copper semi-products output increased in September
Russian non-ferrous metallurgy has increased copper semi-products output in September, 2010, in comparison with August. For example, copper profiles and rods production has grown by 8.1%, sheets, plates, strip - by 3.2%. But copper foil output has fallen by 12.7%, copper wire - 4.1%.
In ...
2010-10-21 10:00:00 MMK-Atakas commissioned cold-rolling facility
MMK (Magnitogorsk Iron & Steel Works, OJSC), and Atakas Group commissioned cold-rolling facility today as part of MMK-Atakas steel project being developed in the vicinity of Iskenderun
MMK-Atakas’ $250M-worth cold-rolling facility is equipped with a 1.2 mtpy continuous pickling ...
2010-10-20 10:32:26 Metalloinvest will continue to develop without state guarantees
Metalloinvest, owing to its stable financial performance, has almost fully redeemed the loans provided by the Bank VTB and partially guaranteed by state. The value of the state guarantees was 30.75 bn rubles. VTB decided to return the state guarantees provided to Metalloinvest by the Ministry ...
2010-10-20 10:26:22 VSW to Implement a Project to Improve its Safety Management System in Accordance with DuPont Standards
Vyksa Steel Works (VSW, Nizhni Novgorod Region), part of United Metallurgical Company (OMK), launches a project to improve its safety management system in partnership with DuPont, the world's leader in this sphere.
The DuPont project will be implemented in four phases by late 2013. Phase ...
2010-10-19 10:28:10 NLMK appoints acting Senior Vice President
Mr. Igor Anisimov, NLMK's Vice President for Technical Upgrade and Development, has been appointed Acting Senior Vice President – Director General of Novolipetsk Steel (Lipetsk production site).
NLMK’s previous Vice President – Director General, Mr. Vladimir Nastich, ...
2010-10-19 10:23:22 Severstal priced a US$1bn 7 lnternational Eurobond
Severstal priced a US$1bn 7−year international Eurobond benchmark offering following the conclusion of an investor roadshow in Asia, Europe and the US. The transaction attracted an orderbook in excess of $5bn from over 400 investors. The Eurobonds will be issued under Severstal's newly ...
2010-10-18 11:03:48 Central laboratory of Tulachermet confirms accreditation under international standards
The central laboratory of chemical-engineering and technical control at Tulachermet JSC has confirmed its accreditation under international standards. During an inspection by a representative of the International Laboratory Accreditation Committee (ILAC) and an expert from the ...
2010-10-18 10:57:28 Rusal offers its assistance to MAL
UC Rusal, the world’s largest aluminium producer, offers its expert support to help tackle the crisis development at the Magyar Aluminium (MAL) facility near the Hungarian town of Ajka.
Rusal supports the recent statement by the Secretary General of the International Aluminium ...
2010-10-15 10:59:23 Metal-Expo website becomes popular among steel industry professionals
Less than a month is left till the beginning of Metal-Expo’2010, 16th International Industrial Exhibition which will be held in hall 75, the All-Russia Exhibition Center, Moscow. Potential participants of the event actively visit Metal-Expo website to look through the recently ...
2010-10-15 00:05:23 New foundry plant started in Russia
The first in Russia foundry plant owned by Franko-Style (Moscow) specializing in production of door accessories from non-ferrous metals started in Kurgan. More than 300 mln roubles (USD 10 mln) have been invested in the project to create 200 workplaces.
The plant's first stage has already ...
2010-10-14 15:23:14 Boguchansk Aluminium Smelter to produce first batch in 2013
Boguchansk Aluminium Smelter will start aluminium production in 2013. According to the investments plan, the first metalurgical complex will begin operations in 2013 to produce 70 thousand beforel the end of year. The next year plant will produce 150 thousand tons and may reach the design ...
2010-10-14 00:33:46 Metallurgical Commercial Bank issued a loan to Revyakino Metal-Rolling Plant
Metallurgical Commercial Bank (Metcombank) opened non-revolving credit line to Revyakino Metal-Rolling Plant, which is one of the regional steel market leaders in Russia.
Credit limit is RUR 150 mln (about $5 mln) and will be used for financing of turnover means.
Revyakino ...
2010-10-13 16:57:21 Mechel reports receiving a loan from Sberbank
Mechel, one of the leading Russian mining and steel companies, reports that Sberbank has opened a credit line for Chelyabinsk Metallurgical Plant (CMP).
Sberbank has opened a credit line totaling 15 billion rubles for Mechel’s subsidiary CMP. The credit facilities provided will have ...
2010-10-13 13:19:10 Norilsk Nickel will increase nickel and copper output
According to Vladimir Strzhalkovsky, Director Generale of MMC Norilsk Nickel's presentation at VTB Capital Investment Forum: Russia calling!, the company plans to produce 246 thousand tons of refiner nickel in 2011. In the future the company plans to keep it at the level of no less than ...
2010-10-13 11:01:25 EZTM received delegation of NFC company from India
From September,27 to October,1 EZTM JSC was receiving a delegation of the “Nuclear Fuel Complex” firm (NFC) from India. NFC representatives held an inspection of availability of a new equipment for pilger mill CRTM 55 revamping. Specialists of the Indian company reviewed the ...
2010-10-12 00:25:54 Kirov Nonferrous Metals Processing Plant expands production range
Kirov Nonferrous Metals Processing Plant has increased output during the first eight months 2010 as compared to the corresponding period of last year on the average by 53%, including rolled products – by 38% and extrusion products– by 75%.
Along with growth in output the range ...
2010-10-12 00:23:57 Norilsk Nickel intends to dip into ferrous metallurgy
MMC Norilsk Nickel and RMD Company (Germany) consider a possibility of building a modern cast-rolling complex in Norilsk. It will produce grinding spheres intended for crushing of ores. Metal scrap will be used as raw materials for their production.
The complex will be equipped with ...
2010-10-11 10:16:18 NLMK Director General retires
Vladimir Nastich, NLMK’s Senior Vice-President – General Director has announced that he is to retire on October 11th, 2010.
The Board of NLMK would like to express its appreciation for Mr Nastich’s many years of hard work for the benefit of the Company, his valuable ...
2010-10-11 00:24:57 China Development Bank possibly to co-finance Ozerny Mining and Processing Plant Construction
30 September 2010 marked the end of the business visit by Ilya Okhtyrsky, General Director of the MBC Corporation, to China. The agenda of the visit included a meeting with the management of the Metallurgical Corporation of China and negotiations with China Development Bank.
The visit ...
2010-10-08 10:32:42 Metal-Expo’2010 Exhibitor List has been Pasted on Website
A complete Metal-Expo’2010 exhibitor list has just been pasted on the Metal-Expo website . For the 16th time the exhibition will become the basic platform for the leading world producers to show their know-how. On November 9-12, The All-Russia Exhibition Center will provide visitors ...
2010-10-08 00:55:49 Norilsk Nickel want to buy copper concentrate in state reserve
Norilsk Nickel plans to buy copper concentrate from the a state reserve during the next 5-6 years with its further processing to produce 50 thousand tons of copper per year, Vladimir Strzhalkovsky, Director General, Norilsk Nickel told at an investment forum «Russia Calls!», ...
2010-10-08 00:19:44 Rusal appointed Director of the European Sales
UC Rusal announced the appointment of Ulrich Schridde as the Director of the European Sales.
Ulrich Schridde, who previously was Director for Metal Management in Europe at Novelis AG, will be responsible for leading and developing Rusal’s European sales portfolio. He will ...
2010-10-07 11:23:07 Izhorskiye Zavody launch production of equipment for second stage of Tianwan nuclear power plant
Izhorskiye Zavody, a part of OMZ Group, has casted the first slab for the reactor equipment intended for the second stage of Tianwan nuclear power plant. It marked the production launch of long-cycle equipment, to be used in the third and fourth generation units of the Chinese nuclear power ...
2010-10-07 00:20:18 Segal to modernize production
Capacities loading of Segal works (Krasnoyarsk) has reached a maximum level in connection with improvement in the architectural profiles market, Leonid Kiselyov, the operating director of the enterprise said.
«The architectural profiles market recovered last summer as compared to ...
2010-10-06 10:22:06 Mechel reports 2010 H1 financial results
— Revenue amounted to $4.3 billion
— Consolidated EBITDA amounted to $781 million
— Net income attributable to shareholders of Mechel OAO amounted to $121 million
Moscow, Russia – October 5, 2010 – Mechel OAO (NYSE: MTL), a leading Russian mining and ...
2010-10-06 02:47:12 VSMPO-Avisma has good prospects for development
Titanium demand will grow at the expense of new airplanes manufacture, such as В787, А380 and А350. Therefore the titinium semi-products market which basic consumer is the aerospace industry is very perspective. The titanium prices can grow to $65-70 thousand per 1 ton, positively having ...
2010-10-06 02:44:30 Granulated pig-iron will be made in Murmansk area
The Government of Murmansk area and Kovdorsky Mining-and-Processing Integrated Works have signed the agreement on the strategic partnership, providing realization of several investment projects by total value over 100 bullion rubles.
In particular, Kovdorsky Mining-and-Processing ...
2010-10-05 12:56:58 Rusal completed refinancing of VEB loan
UC Rusal announced that it has completed the refinancing of its Vnesheconombank (VEB) loan with a new USD 4.58 billion credit facility from Sberbank. The new facility was drawn down on 30 September and the VEB loan has been repaid in full.
The credit facility provided by Sberbank covers ...
2010-10-05 12:31:43 Avisma hadn’t sold magnesium per dumping prices in USA
U.S. Department of Commerce determined that Avisma hadn’t sold magnesium per dumping prices has published the final results of antidumping review for import of magnesium from Russia. This review was related to import to the United States in the period from April 1, 2008 to March 31, ...
2010-10-05 10:31:06 VSW confirms compliance of its wheel production to AAR requirements
American Association of Railroads (AAR) auditor Martin Clark has confirmed that railroad wheels manufactured by Vyksa Steel Works (VSW, Nizhni Novgorod Region), part of United Metallurgical Company (OMK), comply with the requirements of the AAR M-07/M-208 specification. This is one of the ...
2010-10-05 10:28:20 Izhorskiye Zavody complete contract for delivery of petrochemical reactor equipment for Naftan
Izhorskiye Zavody, a part of OMZ Group, has completed its contract obligations before OAO Naftan (Novopolotsk, Belarus Republic), producing and shipping 6 petrochemical reactors.
The contract was signed in 2008, following an international tender.
According to the contract, ...
2010-10-04 11:35:49 Zlatoust Metallurgical Worksplans to increase output 2.5 times
Reportedly , Zlatoust Metallurgical Works plants to increase output to 1M tons a year. A. Rybkin, engineer of the Works said in his interview that the works produced 430k tons of rolled products then. The works plans to hold a general modernization of its facilities and buy new equipment from ...
2010-10-04 01:10:22 Copper and tungsten concentrates output increased in August
Russian mining industry has increased concentrates production in August, 2010, in comparison with July. For example, copper concentrates output has grown by 1.6%, tungsten concentrates - by 3.1%. But zinc concentrates output has fallen by 7.1%.
For eight months of current year in Russia ...
2010-10-01 12:09:07 KhAS produced first million tons of aluminum
Khakas aluminum smelter (KhAS, the asset of UC Rusal) produced the first million tons of aluminum yesterday. The manufacture benchmark has been exceeded in less than for 4 years since the enterprise start-up date.
Khakas aluminum smelter plays a special role for UC Rusal: it has become the ...
2010-10-01 10:25:12 NLMK Extraordinary General Meeting (EGM) – Results
Novolipetsk Steel (LSE: NLMK), the LSE-listed leading Russian steel producer, today announces the results of voting on the resolution proposed at the Extraordinary General Meeting held on 30 September 2010.
The following resolution was put to NLMK’s shareholders on a poll at the ...