2009-06-22 12:47:04 UC RUSAL ALSCON begins local sale of aluminium UC RUSAL announces the start of domestic sale of aluminium produced at its Nigerian smelter – ALSCON. To date the total volume of contracts with local customers for ALSCON aluminium amounts to about 1000 tn. For almost a decade Nigerian clients have been looking for the moment when they ...
2009-06-22 10:10:18 Evraz restarts blast furnace No. 3 at Zapsib Evraz Group announced today that it restarted Blast Furnace No. 3 at its Zapsib plant (Novokuznetsk, Russia) with a total capacity of 2.16 mln tn of pig iron per annum. Following the restart, the Russian steelmaking division of Evraz will be running at its full capacity. As a result, Evraz will ...
2009-06-19 11:52:34 Mechel is successfully restoring production volumes at its steel segment subsidiaries’ plants Mechel OAO is successfully restoring production volumes at its steel segment subsidiaries’ plants. Thus, the blast furnace #4 at Chelyabinsk Metallurgical Plant OAO (CMP OAO) was commissioned in March 2009 after capital repair, Southern Urals Nickel Plant operates its full capacity, and ...
2009-06-18 10:25:43 Redaelli completes the execution of the complex roof suspension system at Croatia’s Zagreb Arena Redaelli, the Italian manufacturer of speciality wire ropes, won the tender from the Croatian Government and the City Government of Zagreb in April 2008. According to the contract, Tensoteci Engineering [Redaelli’s technical engineering business] designed and supplied the complete ...
2009-06-17 12:14:25 Mechel announces its metallurgical segment plants’ capacity utilization level in may 2009 In May 2009 high level of production capacity utilization was witnessed at Mechel’s metallurgical plants as compared to the average level of capacity utilization in January – August 2008. Steel-making capacity utilization in May was more than 94%, metallurgical commodity products ...
2009-06-17 12:09:43 NLMK recognized as best Russian exporter NLMK has been recognized as “Best Exporter in Industry” by the Russian Federation Ministry of Industry and Trade in the 2008 Best Russian Exporters competition. The competition was held as part of the State support programme for industrial products export. The winners were ...
2009-06-17 11:39:38 Sberbank grants Severstal facilities Severstal announces that Russian bank Sberbank has granted the Company a three-year $ 300 mln credit facility. The loan proceeds will be used for working capital purposes and re-financing of already existing indebtedness of the Company. «These credit facilities will allow the ...
2009-06-16 12:20:52 NLMK’s environmental practices comply with international environmental standards NLMK has successfully passed the annual certification audit of its Environmental Management System for compliance with requirements of the universally recognized international standard ISO 14001-2004. Auditors of TUV CERT (Germany) have examined NLMK’s business units, technical ...
2009-06-15 16:43:26 MetallStroyForum’2010 to Open Exhibitor Registration MetallStroyForum’2010, the 2d International Exhibition for Steel Products and Structures for Construction (March 10-12, 2010, Hall 75, the All-Russia Exhibition Center) has already opened exhibitor registration. A new and more efficient web-site of the exhibition has been created. It ...
2009-06-15 09:58:21 Severstal to make unconditional cash offer to High River Gold minorities ZAO Severstal Resources (“Severstal”), the mining division of OAO Severstal announced cash offer (the “Offer”) to minority shareholders of High River Gold Mines Ltd (“High River” or the “Company”) priced at CDN$0.22 C per share. OFFER ...
2009-05-28 15:15:03 Shaft Furnace No. 8 has been restarted at Mechel’s Southern Urals Nickel Plant Mechel announces commissioning of the Shaft Furnace No. 8 after repair at its Southern Urals Nickel Plant subsidiary. Shaft Furnace No. 8 has been restarted at Mechel’s Southern Urals Nickel Plant subsidiary on May 26, 2009. Thus, six shaft furnaces currently operate at the plant. The ...
2009-05-28 02:33:18 NLMK implements new environmental project Novolipetsk Steel has begun to revamp its lime rotary kiln dedusting systems in the refractory shop. This new environmental project will enable the Company to reduce dust in gases released by process facilities by two times. NLMK has finished revamping two out of seven lime rotary kiln ...
2009-05-27 15:55:51 Crisis will not restrain the development of zinc market The economic crisis undermined zinc market: a decline in metal prices, demand reducing of consuming industries (the most important of which are the construction and autoprom) etc. However, the negative outlook only delays for time, but not stops its further development. As Mr. Raymond ...
2009-05-27 12:43:26 Creditor Banks Can Get Financed by the RF Central Bank under Belon’s Liabilities In accordance with the resolution of the Board of Directors of the Bank of Russia dated April 23, 2009 and with the letter of the RF Central Bank No. 60-T dated May 5, 2009 “On the List of Companies”, OAO Belon has been included ...
2009-05-27 11:52:20 VSMPO-AVISMA is recognized to be the Best Exporter of the industry PSC VSMPO-AVISMA Corporation was named one of the winners of the contest Best Russian Exporters 2008 in the nomination of the Best Russian Exporter of the Industry - the UralPolit.Ru reporter was told in the Communication Technology Department of the RF Ministry of Industry and Commerce. The ...
2009-05-27 06:48:14 Mechel announces bridge loan extension Mechel announced a two month extension of its bridge loan taken to finance the acquisition of Oriel Resources Ltd. (Great Britain). On May, 22, 2009, following negotiations with the banking syndicate which provided Mechel with a one-year loan for financing of Oriel Resources Ltd. ...
2009-05-26 10:48:13 TMK announced resolutions of the Board of Directors TMK announced recommended 2008 dividends amount. The OAO “TMK” Board of Directors has recommended that shareholders approve a 2008 dividend of RUB 1.44 per share (approximately $ 0.18 per GDR). The total amount of dividend to be approved at the Annual General Meeting of ...
2009-05-26 06:52:49 MMC Norilsk Nickel presents the consolidated financial statements MMC Norilsk Nickel and its subsidiaries issued consolidated financial statements as at 31 December 2008 and for the year then ended in compliance with International Financial Reporting Standards (“IFRS”). The financial statements have been audited in accordance with International ...
2009-05-25 15:38:30 Fitch downgrades Severstal rating to BB-, places on rating watch negative Fitch Ratings has downgraded Russian steelmaker Severstal to BB- from a BB and has simultaneously placed the company on Rating Watch Negative (RWN). “The downgrade and RWN reflect Fitch’s view that Severstal’s profitability and credit metrics will deteriorate in ...
2009-05-25 12:21:35 Zbynek Kvapik appointed Chairman and CEO of Evraz Vitkovice Steel Evraz Group announced an appointment of Mr. Zbynek Kvapik as Chairman and Chief Executive Officer of Evraz Vitkovice Steel, Evraz’s subsidiary in Czech Republic. Mr. Kvapik graduated from the Ostrava Technical University with a degree in Metallurgy and Material Engineering. After joining ...
2009-05-19 14:56:57 Rusal’s Top-manager to Become Chairman of the International Aluminum Institute For the first time in history the meeting of the board of directors of the International Aluminum Institute (IAI) was held in Russia. As a result of the voting Artem Volynets, Director for Strategy and Corporate Development UC Rusal was elected the IAI’s Chairman. IAI is a global forum ...
2009-05-19 10:44:03 Mechel Service’s project of welded mesh production in Moscow Region has been launched Mechel announces the launch of welded mesh production by its Mechel Service service and sales subsidiary in Moscow Region. In the beginning of May 2009, Mechel Service has commissioned an automated line to manufacture welded meshes in the Vidnoye, Moscow Region. The production was set up on the ...
2009-05-18 17:17:07 TMK Ships Sour Grade Tubulars to Lukoil TMK, one of the world's leading oil and gas pipe producers, announces today that it began supplying Lukoil with hydrogen-sulphide resistant casing and tubing pipe. This pipe grade was especially developed and produced to meet the needs of Lukoil’s drilling operations in the Russian Far ...
2009-05-18 10:19:55 Results of the Annual General Meeting Evraz Group announces that at its Annual General Meeting held in Luxembourg all the resolutions were passed. In particular, the shareholders approved the Directors' Report and the consolidated financial statements for the year ending on December 31, 2008, re-elected the Company’s ...
2009-05-15 11:25:14 Severstal reports Q1 2009 results Financial Results for the three months ended 31 March, 2009 ($ mln unless otherwise stated) Q1 2009 Q1 2008 Q4 2008 Revenue 2,796 4,359 4,019 Profit /(loss) from operations (375) 808 (27) EBITDA 1 (158) 1,081 ...
2009-05-14 12:37:59 OMZ foundry production completes first stage of comprehensive modernization OMZ (Uralmash-Izhora Group) announced that its OMZ Foundry Production has completed one of the biggest modernization programs in the history of foundry operations at the Izhora Industrial Site. The first stage of the modernization program of the medium-sized casting section was completed after ...
2009-05-13 12:06:46 NLMK restarts blast furnace #4 NLMK announces today that it has restarted blast furnace #4 after a complete overhaul. The blast furnace of a total capacity of 1.7 mln tn per year was idled in November 2008. As part of the five-month overhaul of the 2000m3 unit, refractory was replaced, charging equipment and air heaters ...
2009-05-12 12:48:45 MMC Norilsk Nickel announced preliminary consolidated production results for 1st quarter 2009 Norilsk Nickel announced preliminary consolidated production results for the first quarter of 2009 at its Polar and Kola Divisions in Russia and international operations in Finland, Australia, Botswana and South Africa. Overall saleable nickel production in the first quarter of 2009 amounted ...
2009-05-12 11:08:19 OMZ 2008 annual IFRS audited financial statements Nuclear Equipment business grew 24% y-o-y to reach $ 318.3 mln. Revenues in the Specialty Steel segment (production of semi-finished metallurgical products for machine building and other sectors) increased 22% to reach $ 662.5 mln. Sales of Mining Equipment and Services grew 21% and reached $ ...
2009-05-08 10:16:43 Evraz Vitkovice Steel Signed Long Term Agreement Evraz Group announced that its subsidiary in Czech Republic, Evraz Vitkovice Steel, signed a long-term agreement with ArcelorMittal Ostrava. This agreement guarantees supply of liquid pig iron from ArcelorMittal Ostrava to the steelmaking facilities of Evraz Vitkovice Steel. “This ...
2009-04-24 04:05:37 Rusal cut Q1 Al output by 7.2% to save cash Troubled aluminium producer United Co Rusal reduced production by 7.2% in the first quarter of the year compared with the corresponding period of last year as part of a cost-cutting programme. It also cut alumina output by 25% to 2.1 mln tn and bauxite production by 34% in response to poor ...
2009-04-23 14:13:53 Potanin sold part of Norilsk stake under deal with Deripaska Vladimir Potanin sold a 5% stake in Norilsk Nickel as part of an agreement with Oleg Deripaska’s United Co Rusal, which stipulated that both companies hold the same amount of shares, a source familiar with the situation told MB. Potanin owns a 25% plus one share in ...
2009-04-23 13:50:52 Mechel Announces Definitive Agreement to Acquire Coking Coal Assets of Bluestone Coal Corp. Mechel announced that its subsidiaries have signed a definitive agreement to acquire 100% shares and interests of U.S. entities Bluestone Industries, Inc., a West Virginia corporation, Dynamic Energy, Inc., a West Virginia corporation, JCJ Coal Group, LLC, a Delaware limited liability company ...
2009-04-22 14:04:58 Mechel continues implementation of its cement production project Mechel announces obtaining of decision from OeKB Austrian insurance agency to issue insurance coverage for the credit agreement which is to be made to finance the contract between Mechel’s subsidiary, Mechel Materials, and FMW of Austria. The contracts are prepared as part of ...
2009-04-21 13:24:50 OMZ’s Izhorskiye Zavody Ships Steam Generator Frame for Novovoronezh-2 Nuclear Power Generating Unit MOSCOW – Izhorskiye Zavody, a part of OMZ (Uralmash-Izhora Group) (RTS: OMZZ; LSE: OMZD; OTC: UHMVY), announced today that it has shipped the frame for a steam generator at the first power generating unit of Novovoronezh-2 Nuclear Power Plant. The project is part of the Federal Target ...
2009-04-20 10:57:40 Rusal proposes production cut to put Boguchansk onstream United Co Rusal plans to cut 500,000 tpy of aluminium production elsewhere to support the launch of two smelters in Siberia and generate interest in the Boguchansk hydro power plant. Rusal has made a proposal to the Russian government about cutting production at other smelters to bring new ...
2009-04-17 12:05:55 Trading update for Q1 2009 Novolipetsk Steel today announces the following regular trading update for Q1 2009. Production : - Crude steel: 2.1 mln tn (+21% quarter-on-quarter) - Finished products: 2.2 mln tn (+26% quarter-on-quarter) Sales : - Total sales: 1.95 mln tn (+4% quarter-on-quarter), ...
2009-04-16 10:19:02 MMK Announces Operational Trading Update for Q1 2009 I. Major products output Production Q1 2009 Q4 2008 Q1 2009 Q1 2008 ‘000 tn ‘000 tn % ‘000 tn ‘000 tn % Cast iron 1 592 1 205 32,1% 1 592 2 613 -39,1% Crude steel 2 070 ...
2009-04-15 14:59:45 TMK: 2009 First Quarter Production Results TMK today announces its production results for the period from 1 st January to 31 st March 2009. For the first three months of 2009, TMK shipped 581 thousand tonnes of pipes to customers, a 17.8% decrease on the amount shipped in the same period last year. Volumes of shipped pipe ...
2009-04-15 07:16:37 BMP launched a new product BMP launched a new product – steel ropes manufactured from plastically drafted strands of 25 mm - 57 mm diameter. The main advantage of the new product is high structural density and tensile strength, durability of wires in strands and strands in ropes ,low wearing of sheaves and reels ...
2009-04-14 05:49:09 ESTAR’s ZMZ to recommission EAF No. 4 at end of April Zlatoust Metallurgical Works (ZMZ) has announced that at the end of April it will recommission its reconstructed electric arc furnace (EAF) No. 4, with an increased capacity of 20 mt compared to the previous 10 mt. Currently, ZMZ is finishing the reconstruction of its EAF No. 4, which was ...
2009-04-13 11:29:50 TMK Premium Casing Successfully Tested in a Horizontal Well TMK announces that its FMC premium threaded casing was successfully run and tested in a 2,385 meter horizontal gas well in the Vankor field. TMK-Premium Service, a division of TMK specialising in production and supply of premium connections to the oil and gas sector, tested the ...