Metallurgy news

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  • 2012-04-17 10:15:58
    Norilsk Nickel doubles the funding allocated to improvement of workpalce social conveniences program
    Norilsk Nickel plans to allocate RUB 628 mil. in 2012 towards improvement of workplace social conveniences program, which is more than twice the amount allocated in 2011 (RUB 276 mil.). The program has been functioning at the Group’s subsidiaries for several years and constitutes ...
  • 2012-04-17 10:07:46
    Mechel announces prolongation of VTB Bank credit facilities
    Mechel, one of the leading Russian mining and metals companies, announces the extension of credit facilities totalling 13.6 billion rubles (approximately 462 million US dollars*) previously obtained from VTB Bank for Mechel’s enterprises. Subsidiaries of Mechel Mining, which is ...
  • 2012-04-16 10:22:44
    MMK filed appeal with Arbitration Court of Chelyabinsk Region to challenge injunction relief order
    MMK announces that MMK filed an appeal with Arbitration Court of Chelyabinsk Region to challenge the injunction relief order issued by the court in support of the legal action brought in by MMK’s minority shareholder Elena Egorova. On April 2, 2012 MMK was notified that a minority ...
  • 2012-04-16 10:12:00
    TMK ships new casing for Zarubezhneft to Latin America
    TMK, one of the world's leading producers of tubular products for the oil and gas industry, ships a new type of casing with TMK PF premium connections to Russian state-owned oil company Zarubezhneft. The high-strength casing of the special High Collapse series (resistant to external ...
  • 2012-04-13 10:28:35
    Color coating line No. 2 at the Cherepovets Steel Mill reaches design capacity
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its steel production unit, the Cherepovets Steel Mill achieved the design capacity of its second color-coating line (CCL-2) with annual production capacity of 200 ...
  • 2012-04-13 10:26:28
    Arbitration court of Chelyabinsk Region denied MMK’s motion to lift injunction relief banning MMK to finalize acquisition of Flinders Mines Ltd.
    MMK announces that Arbitration Court of Chelyabinsk Region has denied MMK’s motion seeking a discharge of the injunction relief order issued in support of the legal action brought by MMK’s minority shareholder Elena Egorova. Ms. Egorova has been challenging the legitimacy of the ...
  • 2012-04-12 10:22:01
    Results of Severstal extraordinary General Meeting
    As announced on 29 February 2012, Severstal’s Board of Directors passed a resolution to convene an EGM to approve the cancellation of 170 million Severstal shares through the legal procedure of a public cash tender offer (the "Offer"), as required by the Russian JSC law. For ...
  • 2012-04-12 10:20:43
    MMK obtains approval for two more joint implementation projects under the Kyoto Protocol
    Russian Economic Development Minister Elvira Nabiullina signed off on a list of projects that qualify for implementation under Article 6 of the Kyoto Protocol, including two projects being run by Magnitogorsk Iron and Steel Works: MMK is introducing electric arc furnace (EAF) production ...
  • 2012-04-11 10:14:22
    Severstal completes transaction to consolidate 100% ownership of Severstal Liberia Iron Ore Ltd.
    OAO Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, today announces it has completed the transaction to acquire the remaining 38.5% minority interest in Severstal Liberia Iron Ore Ltd. (“SLIO”) – a British Virgin ...
  • 2012-04-11 10:13:08
    Notice of NLMK AGM and Dividend recommendation
    NLMK, a leading Russian steel company, today announces the results of the meeting of the Board of Directors. The Board has approved the AGM agenda and recommended dividends for FY2011. AGM agenda Board of Directors took the decision to hold the Annual General Shareholders' Meeting on 30 ...
  • 2012-04-10 10:27:48
    Norilsk Nickel: environmental protection activities of the Polar division in 2011
    Norilsk Nickel announces the results of environmental protection activities carried out by the Company’s Polar Division in 2011. In order to protect the environment, MMC Norilsk Nickel upgrades its existing production facilities, introduces new technologies and implements ...
  • 2012-04-10 10:26:00
    Renova Group of companies signed agreement to sell Natur Produkt International to strategic investor
    The "Renova" Group of companies has signed an agreement to sell 100% ownership of CJSC “Natur Produkt international”, a pharmaceutical company, to Valeant Pharmaceuticals International (NYSE: VRX; TSX: VRX). The deal is worth USD 180 million, with the condition of a ...
  • 2012-04-10 10:18:59
    Severstal is approved to receive financing under Kyoto Protocol
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its environmental projects that enabled the company to cut greenhouse gas emissions by 4.7 million tons in 2008 through 2012 have been approved by the Ministry of ...
  • 2012-04-09 10:24:49
    Norilsk Nickel will invest around RUB 1.6 bln. in recreation programs for company employees and their families
    In 2012 MMC Norilsk Nickel (further, MMC Norilsk Nickel or the Company) will invest around RUB 1.6 bln. in recreation programs for its employees and their families. Over RUB 1.12 bln. will be allocated for health resort treatment programs, around RUB 173 mln. will be invested in recreation ...
  • 2012-04-09 10:23:44
    VSMPO and Boeing Extend Long Term Supply Agreement
    VSMPO – AVISMA Corporation (VSMPO) announced that it has agreed with The Boeing Company (Boeing) on an amendment of their existing long term contract for titanium mill products, providing for a three year extension of the contract term through the end of December, 2018. Under the ...
  • 2012-04-09 10:15:35
    TMK tubing with premium connections receives ISO 13679 CAL IV certification
    TMK, one of the world's leading producers of tubular products for the oil and gas industry, has successfully conducted certification of tubing with TMK PF premium connections in accordance with the ISO 13679 CAL IV standard. The tests were conducted at the Oil States Industries international ...
  • 2012-04-06 10:29:33
    Severstal increases deliveries to international automakers
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, following its updated development strategy that envisages, among other things, ramping up sales of added-value products, steps up deliveries of rolled metal products for international ...
  • 2012-04-06 10:27:48
    Mechel closed books on placement of stock bonds at total sum of 15bn rubles
    Mechel, one of the leading Russian mining and metals companies, announces the successful closure of the books for the placement of its BO-05, BO-06, BO-07, BO-11 and BO-12 series bonds. On April 4, 2012 Mechel closed the books for the placement of its BO-05, BO-06, BO-07, BO-11 and BO-12 ...
  • 2012-04-05 10:18:15
    Results of meeting of Board of Directors of MMC Norilsk Nickel
    The regular in-person meeting of the Board of Directors of OJSC MMC Norilsk Nickel took place. The following resolutions were adopted. The Board of Directors approved the list of nominees proposed for voting at the Annual General Meeting of MMC Norilsk Nickel by shareholders owing not ...
  • 2012-04-05 10:15:41
    Severstal receives US$360M outstanding debt repayment from Nordgold
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, has received a debt repayment of US$360 million from Nord Gold N.V. (“Nordgold”) (LSE: NORD). This repayment completes all debt arrangements between Severstal and ...
  • 2012-04-05 10:13:20
    Mechel receives Russia-Korea Business Award in Best Corporation Category
    Mechel, one of the leading Russian mining and metals companies, announces winning Russia-Korea Business Awards’ Best Corporation nomination. The award ceremony was held on April 3, 2012, in Seoul. The ceremony was attended by Russian Federation’s Deputy Minister for Economic ...
  • 2012-04-04 10:25:57
    RUSAL to receive refund of EU anti-dumping duties
    RUSAL, the world’s largest aluminium producer, announces that the European Commission has considered legitimate RUSAL’s claim for a refund of anti-dumping duties paid in 2008 on imports of silicon metal from Russia to the EU by the Company’s silicon producers, SKU LLC and ...
  • 2012-04-04 10:24:07
    Cherepovets Steel Mill Plans to increase investments in environmetal activities to1.25bn rubles in 2012
    ОАО Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its Cherepovets Steel Mill, part of the Severstal Russian Steel Division and one of the world's largest standalone integrated steelworks by capacity, plans to push up ...
  • 2012-04-04 10:20:56
    EVRAZ Announces Preliminary Unaudited Financial Results for 2011
    EVRAZ announces its preliminary unaudited financial results for the year ended 31 December 2011. 2011 Highlights: Financials: Consolidated revenue US$16,400 million (+22% vs. 2010) Consolidated adjusted EBITDA US$2,898 million (+23%) Net profit US$453 million (-4%) ...
  • 2012-04-03 10:35:47
    Chelyabinsk arbitration court issued order restraining MMK from implementing MMK Board of Directors’ Resolutions
    Open Joint Stock Company Magnitogorsk Iron and Steel Works (OJSC MMK) announced that on April 2, 2012 it was notified that a minority shareholder of OJSC MMK, Ms. Elena Egorova, brought an action to the Arbitration Court of Chelyabinsk Region (city of Chelyabinsk, Russian Federation) on March ...
  • 2012-04-03 10:33:20
    Severstal North America debuts its new culvert mobile application
    Severstal North America introduced its new Culvert mobile application. The app is an innovative, easy-to-use tool designed to help corrugated steel pipe (CSP) professionals work faster and smarter. It is now available for Apple iOS and Android devices. Developed in conjunction with the ...
  • 2012-04-02 10:38:36
    MMC Norilsk Nickel precedes developing territories of its presents
    MMC Norilsk Nickel is summing up the results of its participation in the long-term target program of Krasnoyarsk Territory on relocation of citizens of Norilsk and Dudinka to more favorable regions of the country. The program in line with the postulates fixed in the Quadripartite ...
  • 2012-04-02 10:35:41
    The most powerful excavator in Russia launched by IZ-KARTEKS
    Krasnobrodskiy coal strip mine successfully launched operations on its new EKG-32R excavator, produced by IZ-Karteks, which enters OMZ Group. EKG-32R has bucket capacity of 32 cubic meters and weighs 950 tonnes and is the most powerful “face power shovel”-type in the history ...
  • 2012-04-02 10:32:15
    Mechel reports resumption of work at Otelu Rosu Plant
    Mechel, one of the leading Russian mining and metals companies, reports that smelting production at Ductil Steel Otelu Rosu plant in Romania has resumed. Operations at Otelu Rosu’s smelting workshop, which were temporarily halted due a contingency situation following a malfunction ...
  • 2012-03-30 00:16:04
    Automotive fasteners demand can grow in Russia
    Several car plants could be built in Russia in the coming years. For example, Fiat-Chrysler plans to invest 32 billion rubles to build a plant in St. Petersburg. It is assumed that the new plant will be able to produce up to 120 thousand cars per year. Its rival Volkswagen is considering ...
  • 2012-03-23 10:55:33
    Izhorskiye Zavody complete check assembly of the reactor vessel internals for Belene Nuclear Power Plant
    Izhorskiye Zavody, part of OMZ Group, has successfully completed check assembly of VVER-1000 reactor vessel for the first power-generating unit at Belene NPP (Bulgaria). The results were checked by the commission composed of representatives from Belene, Hydropress Bureau, CJSC ...
  • 2012-03-23 10:51:26
    Andrey Klishas appointed member of the Federation Council
    MMC Norilsk Nickel (hereinafter referred to as MMC Norilsk Nickel or the Company) informs that Andrey Klishas, President of the Company, turned in on March 19 a resignation request due to a transfer to another appointment. By the Order of the Governor of Krasnoyarsk Region, Andrey Klishas is ...
  • 2012-03-22 10:09:05
    OMZ-Special Steels upgrades its 6000 ton-force utomatic forging plant
    OMZ-Special Steels, part of OMZ Group, launched upgrade of its 6000 ton-force automatic forging plant AKK 6000 ts. Modernization of the AKK 6000 ts will be made in complex with major overhaul of all components and systems equipment. The combination of modernization and overhaul to avoid ...
  • 2012-03-22 10:07:35
    TMK IPSCO begins development of new premium facility in Canada
    TMK IPSCO, the North American division of global pipe manufacturer TMK, has begun development of a new 33,000 square-foot pipe threading and service facility in Edmonton, Alberta, Canada. The state-of-the-art production equipment at the facility will thread a full range of ULTRA™ ...
  • 2012-03-21 10:22:08
    Izhora Pipe Mill completes upgrade project worth over RUR 82M
    OAO Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its pipe production unit, the Izhora Pipe Mill (IPM), which specializes in the manufacture of large diameter pipes from strips produced by the Cherepovets Steel Mill, ...
  • 2012-03-21 10:16:03
    Mechel reports successful installation of new electric furnace at Bratsk Ferroalloy Plant
    Mechel, one of the leading Russian mining and metals companies, announces that a ferroalloy electric furnace was installed and the first smelting of ferrosilicon conducted as part of modernization of Bratsk Ferroalloy Plant of the group’s ferroalloys division. This is the first ...
  • 2012-03-20 10:28:33
    Metalloinvest announces the pricing of a 25 billion ruble bond issue
    Metalloinvest, a leading global iron ore and HBI producer based in Russia, today announces the pricing of a 25 billion ruble bond issue. On March 15, 2012 Metalloinvest Holding Company JSC closed the books for the placement of its debut non-convertible interest-bearing documentary bonds ...
  • 2012-03-20 10:25:51
    Norilsk Nickel selects contractors for modernization of power generation facilities
    Norilsk Nickel (hereinafter referred to as MMC Norilsk Nickel, the Company or the Group) speeds up modernization of the Company’s electrical power generation facilities located in Norilsk Industrial Area. From the beginning of this year, the Group has posted seven tenders for selection ...
  • 2012-03-20 10:22:17
    TMK starts commercial production of super-chrome steel seamless pipe with premium connections
    TMK, one of the world's leading producers of tubular products for the oil and gas industry, started production of casing made of super-chrome steel. The pipes, manufactured for Gazprom, are threaded with TMK GF premium connections. Pipes made from 13-Chrome steel have unique mechanical ...
  • 2012-03-19 10:54:42
    Sual Partners statement regarding decision of Rusal Board of Directors to elect new Chairman of the Board
    Sual Partners, which owns 15.8% stake in UC Rusal, said today that the decision by the Board of Directors of UC Rusal to elect a new Chairman of the Board Barry Cheung was rushed and non-optimal from the standpoint of the long-term interests of the company. "The company should have ...
  • 2012-03-19 10:46:43
    Cherepovets Steel Mill reduced steelmaking energy consumption by 25% since the Energy Saving Program Started
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its Cherepovets Steel Mill, part of the Severstal Russian Steel Division and one of the world's largest standalone integrated steelworks by capacity, reduced specific ...
  • 2012-03-16 12:15:17
    OMZ-Special Steels launches mounting of the new lathe with capacity of 250 tons
    OMZ-Spesial Steels, part of OMZ Group, launches mounting of the new SR 4 -330/20m-type lathe for processing workpieces weighing up to 250 tons. The equipment was delivered by Skoda machine tool (Czech Republic) under the contract with OMZ-Special Steels. The cost of the equipment is 300 ...
  • 2012-03-16 12:12:44
    Metal Supply & Sales focusing on international markets
    A special English-language issue of Metal Supply & Sales under the headline: Outlooks and Prospects of Tubes, Steel and Non-Ferrous Markets has just been released. The issue includes Russian ferrous and non-ferrous markets reviews in the light of the global production in 2011 as well as ...
  • 2012-03-15 10:17:15
    Victor Vekselberg resigns as the Chairman of the Board of Directors of Rusal
    Victor Vekselberg, Chairman of Renova Group of Companies, in his letter to the members of the Board of UC Rusal Plc today announced his resignation from the position of Chairman of the Board which he has held since the creation of the Company in 2007. Mr. Vekselberg also tendered his ...
  • 2012-03-15 10:10:35
    OMZ-Special Steels upgrades ladle metallurgy and liquid steel degassing facility
    OMZ-Special Steels, part of OMZ Group, launcjed modernization of its ladle metallurgy and liwuid steel degassing facility UVRV-1, produced by swedish ASEA-SKF. The upgrade costs 314 million roubles. The equipment, necessary for modernization, is delivered by STG Group Spa (Italy). The ...
  • 2012-03-14 10:28:59
    Gestamp Severstal Vsevolozhsk ranks highest among suppliers of components to Ford automaker
    Gestamp Severstal Vsevolozhsk*, a joint project of Severstal and Gestamp Automocion for the manufacture of automotive metal components has been awarded the highest production quality standard - Q1 (Quality 1) by Ford. Q1 Supplier’s Status is a set of requirements and standards ...
  • 2012-03-14 10:26:19
    Mechel reports Yakutugol receiving subsoil licenses for research and extraction of iron ore in Yakutia
    Mechel, one of the leading Russian mining and metals companies, announces receiving subsoil licenses for researching, investigating and extracting iron ore in the Sutamsky area and in the Sivaglinsky deposit, both located in the Republic of Sakha (Yakutia)’s Neryungri region. The ...
  • 2012-03-13 10:16:00
    OMZ-Spetsstal launches high-powered bandsaw
    OMZ-Spetsstal, part of OMZ Group, completed mounting and startup of the new UZAY 2200-type high-powered bandsaw. The bandsaw is designed for cutting workpieces weighing up to 200 tons, with a diameter of 2,200 millimeters on a 9 meter length table. It is designed for topping and product ...
  • 2012-03-13 10:13:00
    Mechel reports suspension of smelting production at Otelu Rosu
    Mechel, one of the leading Russian mining and metals companies, reports that smelting production at Otelu Rosu has been temporarily halted due to a contingency situation. Ductil Steel Otelu Rosu plant’s electric arc furnace #2 was halted on March 10 due to technical reasons. As a ...
  • 2012-03-12 10:20:00
    TMK’s Premium Connections passed tests for 100% gas-tightness
    TMK, one of the world's leading producers of tubular products for the oil and gas industry, announces that tests of TMK PF ET premium connections have been successfully conducted at Oil States Industries international testing center (Aberdeen, UK). The tests were aimed at determining ...
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