Metallurgy news

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  • 2011-12-15 09:42:23
    EVRAZ consolidates its European steel business
    EVRAZ plc and EVRAZ Group S.A.announce the intention to create EVRAZ Europe, a company that will consolidate all the European assets of EVRAZ including EVRAZ Vitkovice Steel a.s. (Czech Republic) and EVRAZ Palini e Bertoli Spa (Italy). This decision is another step in the implementation of a ...
  • 2011-12-14 10:30:33
    Norilsk Nickel Board approves recommendations to vote for remuneration of independent directors at EGM
    The in-person meeting of the Board of Directors of MMC Norilsk Nickel (the Company or Group) was held today. The Board decided to hold two extraordinary general meetings of the Company’s shareholders (voting in-absentia). On February 1 2012, the EGM will consider the introduction ...
  • 2011-12-14 10:28:38
    Industrial Washing of Elga Sample Confirms High Quality of Deposit’s Coking Coal
    Mechel, one of the leading Russian mining and metals companies, announces that Southern Kuzbass Coal Company’s washing plant produced first coking coal concentrate out of the Elga deposit’s coal. A sample lot of some 4,000 tonnes of Elga’s coking coal was washed at ...
  • 2011-12-14 10:25:12
    Severstal to accumulate 100% of the Putu Iron Ore Project in Liberia
    Severstal (hereinafter – Severstal or the “Company”), one of the world’s leading vertically integrated steel and steel related mining companies, today announces that its indirect subsidiary Lybica Holdings B.V. (“Lybica”) has entered into a legally binding ...
  • 2011-12-13 12:18:28
    Russian Renova Group is considering enhancement of its South African manganese operations
    Renova group, one of the biggest private Russian conglomerates, headed by Viktor Vekselberg, with substantial presence in oil, energy, utilities, telecoms, mining and other sectors, including shareholding in the world's biggest aluminum producer Rusal, and in one of the world’s top-ten ...
  • 2011-12-13 10:28:04
    Mechel wins Cbonds Awards Prize for Best Primary Placement for Domestic Bonds
    Mechel, one of the leading Russian mining and metals companies, announces winning the prestigious Cbonds Awards contest in the Best Primary Placement for Domestic Bonds category. Based upon the Cbonds news agency’s analysis, Mechel won the top place in the Best Primary Placement ...
  • 2011-12-13 10:26:14
    MMK announces new appointment at MMK Metalurji in Turkey
    MMK Metalurji, part of the MMK Group, announced a new appointment. Sergei Sulimov, deputy general director for company relations at MMK Group, has been named acting general director of MMK Metalurji. Yury Bodyayev, previously general director of MMK Metalurji, will return to his position ...
  • 2011-12-12 10:19:52
    Completion of offer to purchase by Norilsk Nickel Investments Ltd. for cash common shares and ADSs of OJSC MMC Norilsk Nickel
    MMC Norilsk Nickel notes announcement by Norilsk Nickel Investments Ltd. that NN Investments has completed settlements with respect to its previously-announced offer to purchase up to 14,705,882 of the issued and outstanding shares of common stock of Norilsk Nickel, nominal value 1.00 ruble ...
  • 2011-12-12 10:14:03
    Mechel announces resumption of work at earlier auspended facilities of two Southern Kuzbass mines
    Mechel, one of the leading Russian mining and metals companies, reports that work at several facilities at two of Southern Kuzbass Coal Company’s mines, which enables the company to produce at full capacity, was resumed fully after a temporary suspension. Administrative suspension ...
  • 2011-12-09 10:04:00
    RUSAL statement regarding Government Commission decision on Bogoslovsk aluminium smelter
    RUSAL considers it necessary to make the following statement. RUSAL is satisfied with the results of the Government Commission session dedicated to analysis of the situation at the Bogoslovsk aluminium smelter and development prospects of the whole Urals aluminium production cluster. The ...
  • 2011-12-09 10:01:00
    EVRAZ plc to be included in FTSE 100 Index
    Reportedly, EVRAZ plc has  been included in the FTSE 100 Index of the UK’s leading public companies. In so doing it becomes the only steel and mining company in the UK FTSE All-Share Index. The Company will begin trading as part of the FTSE 100 Index on 19th December. EVRAZ plc was ...
  • 2011-12-08 18:50:06
    Norilsk Nickel develops resource base
    Norilsk Nickel (the Company or the Group) announces that the Company will develop its mineral resource base program within the framework of the Technical and Operational Development Strategy till 2025, approved by the Board of Directors on October 27 2011. The total investment into the ...
  • 2011-12-08 10:01:05
    NLMK’s Sinter Plant cuts dust emission by 20%
    NLMK is currently revamping the central dust collection systems at sintering machines Nos.3&4 at its Sinter Plant in Lipetsk. The introduction of a new type of electrostatic precipitator by Alstom Power will reduce residual dust content in exhaust air almost fourfold. Total dust emissions ...
  • 2011-12-08 09:55:24
    Eurasian Natural Resources Corporation and Magnitogorsk Iron & Steel Works have settled legal claims
    Eurasian Natural Resources Corporation PLC (ENRC) and Magnitogorsk Iron & Steel Works (MMK) have announced their decision to amicably settle the existing dispute between the two companies. ENRC has dropped its claims against MMK and called off the asset freezing order that was issued ...
  • 2011-12-07 10:14:41
    Norilsk Nickel corporate integrated quality and environmental management system meets international standards
    Norilsk Nickel has successfully re-certificated its integrated quality and environmental management system (IQEMS) for compliance with requirements of ISO 9001:2008 and ISO 14001:2004 international standards. First IQEMS certification was performed in 2005. The re-certification audit was ...
  • 2011-12-07 10:12:18
    Mechel reports suspension of work at Several Facilities
    Mechel, one of the leading Russian mining and metals companies, reports that work was suspended at several facilities at two of Southern Kuzbass Coal Company’s mines. Following a check conducted at Lenin Underground and New-Olzherassk mines by the Mezhdurechensk territorial branch ...
  • 2011-12-07 10:01:00
    Severstal Columbus Launches New Push Pull Pickle Line
    Severstal North America announced that the new Push Pull Pickle Line (PPPL) is up and running at its site in Columbus, Mississippi. This new line has a designed annual capacity of approximately 630,000 tonnes (700,000 net tons) of pickled and oiled product. Capable of pickling .059” to ...
  • 2011-12-06 09:51:00
    MMK Group announced IFRS Results for Q3 and 9M 2011
    MMK announced its consolidated financial statements under IFRS for Q3 and 9M 2011. 9M/Q3 2011 Financial Performance Highlights: MMK Group 9M 2011 sales amounted to USD 7,063 million, 22% higher y-o-y. MMK Group Q3 2011 sales amounted to USD 2,430 million, in line with Q2 2011. ...
  • 2011-12-06 09:15:00
    Severstal Announced Record Date Clarification
    Severstal, JSC has been advised by its subsidiary, Lybica Holding B.V., that in connection with the exchange by Lybica of the global depositary receipts (GDRs) representing shares of its subsidiary, Nord Gold N.V., for Severstal shares and Severstal GDRs (the “Exchange”) to ...
  • 2011-12-05 11:24:57
    Izhora Plants completed the installation of the hydraulic cleaning reactor DS-302 at the oil refining complex TAIF-NK
    Izhora Plants, part of the OMZ Group, completed contract obligations before TAIF-NK, JSC (The Republic of Tatrstan, Nizhnekamsk). According to the contract, signed in November 2010, Izhora Plants committed itself (for the first time) not only to design and manufacture of petrochemical ...
  • 2011-12-05 10:17:44
    UC RUSAL completes VAS redesign
    UC RUSAL, world’s largest aluminum producer, announced the completion of redesigning of the Volkhov aluminum smelter (“VAS”) and the increase of its production capacity as a result of redesign. Total investment to the project amounted to USD 3 million. VAS completed the ...
  • 2011-12-05 10:06:00
    NLMK’s Sinter Plant cuts dust emission by 20%
    NLMK is currently revamping the central dust collection systems at sintering machines Nos.3&4 at its Sinter Plant in Lipetsk. The introduction of a new type of electrostatic precipitator by Alstom Power will reduce residual dust content in exhaust air almost fourfold. Total dust emissions ...
  • 2011-12-02 10:53:08
    Norilsk Nickel develops gas supply facilities
    MMC Norilsk Nickel, JSC informs that pursuant to the Strategy of Production and Technical Development until 2025 adopted by the Board of Directors of the Company on October 27, 2011, MMC Norilsk Nickel implements the program of gas supply facilities development. In particular, the ...
  • 2011-12-02 10:50:40
    President of MMC Norilsk Nickel, received Lawyer of the Year award
    MMC Norilsk Nickel, JSC informed that the Company’s President Mr. Andrey Klishas won the highest legal award of the Russian Federation Lawyer of the Year – 2011. Legal Education and Upbringing Award went to Mr. Klishas and Sergey Shakhray, the Head of Executive Office of ...
  • 2011-12-02 09:25:58
    Testing Laboratory MMK proved its competence and professionalism
    Testing laboratory of MMK, JSC has successfully passed the accreditation procedure for technical competence in GOST R system. Certification commission recommended to the Federal Agency of technical regulating and metrology accredited testing laboratory of MMK, JSC for technical competence ...
  • 2011-12-02 09:10:27
    Casting and rolling complex produced one million tons of hot rolled coils
    Casting and rolling complex (part of the United Metallurgical Company, OMK, JSC) has produced one million tons of hot rolled coils, since the beginning of 2011. This milestone was passed on November 24th. “The production volumes have been constantly increasing due to commissioning ...
  • 2011-12-01 10:11:00
    UC RUSAL alloys to be qualified by leading European automotive companies
    UC RUSAL, the world’s largest aluminum producer, is pleased to announce that rolling billets produced at RUSAL’s smelters have been successfully qualified by Novelis company, the world’s largest producer of aluminum rolled products. RUSAL is also working on qualification of ...
  • 2011-12-01 10:00:34
    Severstal Announced Proposed Separation of Nord Gold N.V.
    Severstal, JSC announced that its subsidiary, Nord Gold N.V., an established pure-play gold producer focused on emerging markets, may be separated from its Severstal Group integrated steel operations (through exchange of shares and GDRs). The separation will be made by means of exchanges ...
  • 2011-12-01 09:25:00
    TMK Announced 9M 2011 IFRS Results
    TMK, JSC, one of the world’s leading producers of tubular products for the oil and gas industry, announced its interim consolidated IFRS financial results for the nine months ending September 30, 2011. 9M 2011 Highlights Financials: Revenue increased by 31% year-on-year to ...
  • 2011-12-01 09:00:00
    50 Years of Development in Acroni
    The Development Department of Acroni steelworks of SIJ – Slovenian Steel Group was founded in November 1961 and this year it celebrates 50 years of its existence. In Jesenice, where Acroni is located, development in the steel industry has a rich tradition. It was already established in ...
  • 2011-11-30 12:46:44
    UMMC - leader in copper pipes market
    Metal-Expo’2011, 17th International Industrial Exhibition held on 15-18 November in Moscow, became this year’s summarizing point in the Russian steel industry. UMMC is the event’s regular exhibitor. This year, during the four days of the exhibition UMMC’s stand ...
  • 2011-11-30 10:02:00
    United Shipbuilding Corporation and Magnitogorsk Iron & Steel Works Sign Strategic Cooperation Memorandum
    United Shipbuilding Corporation (USC) and Magnitogorsk Iron & Steel Works (MMK) have signed a strategic cooperation memorandum targeting joint scientific and technical projects to develop existing and new types of products for shipbuilding, as well as optimizing the logistics chains of ...
  • 2011-11-30 09:30:31
    Izhora plants completed production of metal structures
    Izhora plants, part of OMZ Group, completed the production of steel structures for two large companies: Mostotrest, JSC and Mostostroitelny Otryad # 19, JSC; these companies are engaged in transport construction on the territory of Russian Federation. For the Mostotrest, JSC steel ...
  • 2011-11-29 14:27:20
    United Metallurgical Company launched Mill-5000
    United Metallurgical Company (OMK), commissioned complex Mill-5000 (MKS-5000). It is designed to manufacture wide plates for production of large diameter pipes. The new plant will allow the Russian pipe manufacturers to increase their share on large diameter pipes international market. ...
  • 2011-11-29 12:27:06
    Norilsk Nickel upgrades generating capacities
    MMC Norilsk Nickel announced the start of modernization program targeted at the Company’s energy assets, which will be implemented as part of the Group’s 2025 production and technical development strategy (approved by the Board of Directors on October 27). In particular, the ...
  • 2011-11-29 09:30:00
    Mechel Announced Signing Long-Term Partnership Agreement with BelAZ
    Mechel, JSC one of the leading Russian mining and metals companies, announced the signing of a long-term partnership agreement with BelAZ, JSC during the session of the Supreme State Council of the Union State of Russia and Belarus held on the level of heads of state. Mechel JSC’s ...
  • 2011-11-28 12:33:45
    OMK expects revenue to drop by 7-8% in 2011
    United Metallurgical Company’s revenue in 2011 may decrease by 7-8%, informed Vladimir Markin, the Company’s President. According to Mr. Markin, decrease in net income and EBITDA for the current year is expected to reach 15%, compared to 2010. In 2010, company’s ...
  • 2011-11-28 11:42:06
    Mechel-Coke is implementing investment program
    Pavel Shtark, the Managing Director of Mechel-Coke (plant, located in Chelyabinsk, which produces coke-chemical products, with the production capacity 2.7 million tons) informed Metal Supply and Sales Journal about the implementation of investment program. The investment program involves ...
  • 2011-11-28 10:43:28
    UC RUSAL enters into purchase agreement with NORINCO
    UC RUSAL, the world’s largest aluminum producer, announced execution of a share purchase agreement with China North Industries Corporation (NORINCO) under which it has agreed to purchase a 33% stake in a company Shenzhen North Investments Corporation Limited (Shenzhen North ...
  • 2011-11-25 16:36:54
    EKG-15 excavator, produced by IZ-KARTEX launched to work
    Bogatyr Komir coal mine (a joint venture of Kazakhstan’s Samruk-Energo and Russian company RUSAL, JSC, Kazakhstan, Ekibastuz) commissioned the new EKG-15 excavator produced by IZ-KARTEX, which enters OMZ Group. This is the first Izhorsky excavator, shipped to the LLP Bogatyr Komir ...
  • 2011-11-25 12:56:18
    Sulzer acquires Hidrotecar S.A.
    Sulzer company, part of Renova Group, has signed an agreement to acquire privately owned company Hidrotecar S.A. – pumps manufacturer. Sales revenue the acquired company in 2010 reached 13 million Euros. This acquisition will enable Sulzer Pumps to expand the range of products and ...
  • 2011-11-25 12:47:51
    Magnitogorsk Iron and Steel Works to Acquire 100% of Flinders Mines Limited
    Magnitogorsk Iron and Steel Works, JSC announced the execution of a Scheme Implementation Agreement to effect the acquisition of Flinders Mines Limited (ASX: FMS) by MMK. MMK has offered to acquire 100% of the issued shares in Flinders at $0.30 cash per share (“Offer”), ...
  • 2011-11-24 11:26:35
    Ronald Freeman awarded as one of the best Independent Directors 2011
    Ronald Freeman, Independent Director and Member of the Audit Committee of OAO Severstal, has been honoured by the Independent Directors Association (IDA) and PricewaterhouseCoopers as one of the best in the nomination of Independent Director 2011. Mr Freeman received the award at the ...
  • 2011-11-24 11:24:11
    Crontif-Center specialists visited Russian representative office of John Deere, US
    A group of specialists from ZAO Crontif-Center paid a working visit to the Russian representative office of John Deere, an American company, in Domodedovo, a suburb of Moscow. The goal of the visit was to receive training in working with information systems that comply with the EDI and NCCA ...
  • 2011-11-23 12:30:37
    Vorkutaugol launched the implementation of up-to-date security communication system
    Vorkutaugol (part of Severstal, JSC), launched implementation of the most modern security communication system – Flexcom. Within two years, the company plans to invest about 45 million rubles on system’s development. Vorkutaugol mines will be among the first in Russia to ...
  • 2011-11-23 10:58:06
    NLMK’s annual report wins awards in two national contests
    NLMK’s 2010 Annual Report has brought home multiple awards from recent national contests. NLMK was recognized in five categories at the 9th Yearly Federal Contest of Annual Reports and Corporate Websites organized by Securities Market magazine in cooperation with the Federal Service ...
  • 2011-11-23 09:30:00
    UC RUSAL and Gazprom Neft signed long-term coke supply contract
    UC RUSAL, world's largest aluminum producer, and JSC Gazprom Neft announced signing of the five-year supply contract for up to 1,000,000 tons of electrode petroleum coke. The contract comes into effect on 1 January 2012. The coke is to be supplied by Omsk Refinery (Gazprom Neft ...
  • 2011-11-22 11:15:15
    Nevis Court strikes out UC RUSAL claim against Norilsk Nickel
    MMC Norilsk Nickel, JSC announced that its indirect wholly-owned subsidiaries Corbiere Holdings Limited and Raleigh Investments Inc. have successfully defeated all claims filed against them by United Company RUSAL Plc and United Company RUSAL Investment Management LLC (together, ...
  • 2011-11-22 10:47:11
    Mechel Attended Metal Expo’ 2011 Annual Exhibition
    Mechel JSC, one of the leading Russian mining and metals companies, reported its participation in the 17th International Industrial Exhibition Metal-Expo’ 2011, which was held at the All-Russia Exhibition Center in Moscow on November 15-18, 2011. 650 organizations from Russia, the ...
  • 2011-11-22 09:24:00
    NLMK won in Amsterdam court
    On November 17, 2011 the Amsterdam Court ruled in favor of NLMK, dismissing Maximov's request for leave to enforce the arbitral award of the ICAC (Moscow) dated March 31, 2011, that was annulled by the decision of the Moscow Arbitration Court in April 2011. The decision of the Amsterdam ...