2011-09-27 18:14:09 Uraltrubprom produced 5000 tons of metal for the Olympic facilities in Sochi
The steel frame for Small Ice Arena in Sochi (for 7000 seats) is being build, using the metal construction produced by Uraltrubprom. This facility is being built for the 2014 Olympic Games.
"We worked on this important order for over a year", - says Elena Malagon, Head of Design ...
2011-09-27 09:58:38 EVRAZ Statement Regarding Timir Iron Ore Project
EVRAZ Group S.A., notes media publications regarding the partnership with Russian diamond producer Alrosa, JSC in the development of Timir iron ore project in southern Yakutia.
EVRAZ confirms that it considers acquisition of 51% stake in this project and will refrain from further ...
2011-09-26 17:41:11 Tatprof completes installation of new painting line
Tatprof (Naberezhnye Chelny, Tatarstan), announced the completion of construction works on installation of a line for the powder-polymer coating of aluminum profiles.
At present, the starting-up and adjustment works of the line are being held: service implementation of chemical solutions, ...
2011-09-26 10:19:28 TMK Announced Resolutions of the Board of Directors
TMK, one of the world’s leading oil and gas steel pipe producers, today (September 26th) announces that the “TMK”, JMC Board of Directors has decided to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of an absentee ballot on November 7th 2011. ...
2011-09-26 09:50:44 Severstal and Rugers Group of Companies Set Up Joint Venture
Severstal and Rugers Group of Companies Set Up Joint Venture. An agreement to this effect was signed on Friday, September 23d, in Moscow by General Director of Division Severstal Russian Steel Alexander Grubman and President and CEO of the RÜTGERS Group Mr. Henri Steinmetz. ...
2011-09-23 16:25:06 NLMK requests to discuss the supply of transformer steel from Russia to China
China wants to close its market for transformer steel from Russia, by raising the import tax to 65%. As a result, Russian manufacturer - NLMK - may lose one of the major sales markets, which accounts for about 10% of this product exports.
NLMK addressed Ministry of Economics with the ...
2011-09-23 16:23:15 VSMPO-Avisma passed auditing by the German engine builders
According to corporate newspaper “Metallur”, representatives of German companies Prawest and Praturbo inspected the manufacturing process of titanium rods procured from VSMPO-Avisma.
After inspection of production capacities and close examination of technological documentation, ...
2011-09-23 10:01:35 Standard & Poor's Ratings Services raised TMK’s ratings
Standard & Poor's Ratings Services (S&P) raised long-term corporate credit rating on TMK, one of the world’s leading oil and gas steel pipe producers, to 'B+' from 'B'. At the same time, the Russia national scale rating was raised to 'ruA' from 'ruA-'. The upgrade reflects the ...
2011-09-22 16:41:08 Investment Fund of Russian Federation Finances 1 billion Rub to Tyumen Plant Project
The construction project of the Tyumen plant will receive co-financing of 1 billion Rub from the Investment Fund of the Russian Federation.
The Russian government is ready to provide state support from the Investment Fund to build infrastructure of the Tyumen Electric-Steel Plant (part of ...
2011-09-22 13:11:53 NLMK commissions unique continuous casting machine
The first slabs have been successfully cast at Novolipetsk’s (NLMK’s main production site in Lipetsk) newly revamped 2.5 mtpa continuous casting machine (CCM-8). The objective of the CCM-8 reconstruction project was to increase output, expand the product mix and ensure a ...
2011-09-22 13:09:00 New gas pipelines to be constructed using Magnitogorsk metal
On September 21st, visiting meeting of “Gazprom”, JSC with representatives of the leading Russian metallurgical and pipe companies was held in Chelyabinsk. Director General of “MMK”, JSC Boris Dubrovsky attended this meeting.
Forum participants discussed ...
2011-09-22 10:09:32 METALLOINVEST signed a cooperation agreement on building Taman seaport
Holding “METALLOINVEST”, the Ministry of Transport and Krasnodarsky Krai announced that they have signed a cooperation agreement to build a new port complex in Taman, Russia. The document was signed by CEO of Management Company “METALLOINVEST” Eduard Potapov, Russian ...
2011-09-21 17:28:46 MMC Norilsk Nickel’s Board of Directors approved of the company to be in charge of shares acquisition
The meeting of the Board of Directors of MMC Norilsk Nickel in absentia was held on September, 21. By the majority of votes the Board of Directors approved of the acquisition of the Company’s ordinary registered non-documentary shares and/or ADRs by Norilsk Nickel Investments Ltd ...
2011-09-21 12:11:02 Agglomachine Complete Overhaul
Agglomachine #3 has been stopped has stopped for capital repairs, for the duration of 75 days at Tulachement, JSC. Uraldomnoremont, JSC (Ekaterniburg) is the maintenance executer.
Agglomachine capital repairs, provides one hundred percent replacement of equipment and steel structure of ...
2011-09-21 11:40:30 EAF equipment delivered to NLMK’s Kaluga Mini Mill
A complete set of equipment supplied by Austrian VAI SIEMENS for the EAF Shop at NLMK’s Kaluga Mini Mill, which is currently under construction, has arrived at the site.
The electric-arc furnace (EAF), ladle furnace (LF) and 8-strand continuous casting machine (CCM) are currently ...
2011-09-21 09:54:43 Mechel Reports Long-Term Partnership with SAP AG
Mechel, JSC, one of the leading Russian mining and metals companies, announces the signing of a strategic partnership memorandum with SAP AG, the world’s leading supplier of business management software solutions.
As a result of the September 20 meeting between Mechel OAO’s ...
2011-09-20 14:44:25 Public debates
KMA Ruda, JSC, Industrial Complex (city of Gubkin, the Belgorod region) has held public discussion on the impact of the increased capacity of the enterprise. Representatives of: PiterGORProekt, LLC; KMA Ruda, JSC; structural divisions of administration of the city of Gubkin district and ...
2011-09-20 14:34:37 Casting-Rolling Complex OMC summed up production results for the last 8 months 2011
Casting-Rolling Complex (located in the Vyksa district, the Nizhniy Novgorod region, part of OMC, JSC) increased manufacture of hot-rolled coils during January-August 2011by 17% up to 721k tons as compared to the corresponding period 2010. Also, from the beginning of current year, it has ...
2011-09-20 10:41:04 Norilsk Nickel does not plan to issue bonds in case market downward dynamics persists
Norilsk Nickel does not plan to issue convertible bonds in case market poor conditions and downward dynamics persist. Dmitry Kostoev, Deputy General Director and Head of Economics and Finance Unit of the Company, said that the Company has enough options to attract the financial means ...
2011-09-19 10:15:53 EVRAZ Highveld certified a level 5 BEE Company
EVRAZ Highveld Steel and Vanadium Limited (EVRAZ Highveld) (part of EVRAZ Group), has been awarded a Level 5 Broad-Based Black Economic Empowerment (B-BBEE) contributor rating by South African National Accreditation System (SANAS) accredited agency BLogic. This follows an intense focus on ...
2011-09-19 10:01:00 RUSAL to increase its stake in Jamaica’s Alpart up to 100%
UC RUSAL, the world’s largest aluminium producer, is pleased to announce that it has entered into an agreement to acquire a 35% stake in the Alumina Partners of Jamaica, (“Alpart”) from Norway’s Norsk Hydro ASA. Following completion of the USD46 million deal, Alpart ...
2011-09-16 10:28:40 OAO Koks laboratory accredited
The Central Plant Laboratory at OAO Koks has successfully undergone accreditation. The procedure was conducted by the Federal Agency for Technical Regulation and Metrology (Moscow) The completed accreditation process demonstrates that the level of the equipment and the technical competency of ...
2011-09-16 10:21:53 Annual plan for biological reclamation is being completed at Uchastok Koksovy
Specialists at OOO Uchastok Koksovy are completing an annual plan for biological reclamation. It may be recalled that OOO Uchastok Koksovy is working on a project developed in 2004 by ZAO Gipro-Ugol» (Novosibirsk). By 2020 the company is to reclaim almost 260 hectares of land in all. At ...
2011-09-15 16:38:43 MMK completes purchase of 50% minus one shares of MMK-ATAKAS
MMK announces the completion of its acquisition of 50 percent minus one share of MMK-Atakas from the Atakas Family. The total price of the deal is USD 485 million. As a result, MMK has consolidated a 100% stake in the Company.
Following the closure of the deal the Company was renamed to ...
2011-09-15 10:20:59 Metalloinvest announces operational results for the first half of 2011
METALLOINVEST (“the Holding”), a leading global iron ore and HBI producer based in Russia, today announced its operational results for H1 2011.
In the first half of 2011, METALLOINVEST increased iron ore production by 7% half-year on half-year to 20.2 million tonnes due to ...
2011-09-14 15:42:58 NLMK prepares launch of new BOF
NLMK announces the start up of a new 300 mtpa BOF at Novolipetsk (its main production site in Lipetsk). Together with other projects under NLMK’s Technical Upgrade Program, the new facility will boost Novolipetsk steelmaking capacity 36% to 12.4 mtpa.
The project, which is being ...
2011-09-14 00:49:40 Norilsk Nickel Board of directors approves terms of shares acquisition
The meeting in absentia of the Board of Directors of OJSC MMC Norilsk Nickel took place this day. The Company’s Shares Acquisition terms were approved by the majority of votes.
The offer envisages the acquisition of 14 705 882 MMC Norilsk Nickel’s ordinary registered ...
2011-09-13 11:08:39 Vnesheconombank to finance the development of Udocan copper deposit
Baikal Mining Company, the Bank for Development and Foreign Economic Affairs (Vnesheconombank) and VEB Engineering Company have entered into a memorandum of intention on September 12, within the framework of the Baikal economic forum in Irkutsk. The document was signed by Vice Chairman of ...
2011-09-13 10:47:24 Slovenska Industrija Jekla has held 22nd General Assembly of Shareholders
The General Assembly got acquainted with the annual report of the company SIJ (Slovenska industrija jekla, d. d.) and of the Slovenian Steel Group, including auditors' Unqualified Opinions on all the companies within the Group and on the Group as a whole. In 2010, the Slovenian Steel Group ...
2011-09-13 10:42:42 EVRAZ showcased advanced solutions for railway industry at Railway Salon
EVRAZ showcased a wide range of advanced railway products at the III International Railway Salon, Scherbinka (Moscow Region), 7th to10th September. EVRAZ is a world leader in the production of railway-related products, and the only rail producer in Russia. Whilst the Company’s main ...
2011-09-12 10:01:00 TMK ships pipe for offshore pipeline to Gazprom
TMK, one of the world’s leading oil and gas steel pipe producers, has shipped seamless line pipe to Gazprom to develop the offshore pipeline at the Kirinskoye gas condensate field on the Sakhalin Island shelf.
The technical specifications of seamless line pipe for the Kirinskoye ...
2011-09-09 10:20:00 Norilsk Nickel announces the terms of shares acquisition
Norilsk Nickel announces that at its Meeting in absentia held on September 13, 2011, the Board of Directors of MMC Norilsk Nickel will consider the offer to purchase the Company’s shares from shareholders.
The offer envisages the acquisition of 14 705 882 MMC Norilsk Nickel’s ...
2011-09-09 10:13:43 Long-term iron ore supply agreement signed by Metalloinvest and MMK
As part of the deal, the two companies have agreed on pricing for the raw material based on current market indicators and price dynamics on the global iron ore market. Metalloinvest’s Mikhailovsky Mining and Processing Plant will be supplying iron ore to Magnitogorsk Iron & Steel ...
2011-09-09 10:11:18 Mechel announces record results at Posiet Port
Mechel, one of the leading Russian mining and metals companies, announces record coal transshipment results achieved by Trade Port Posiet OAO in August.
In August, Trade Port Posiet OAO loaded 26 cargo ships with a total of 509,000 tonnes of coal products, which is the best monthly ...
2011-09-08 10:11:00 RUSAL Statement regarding announcement made by the Federal Anti-Monopoly service against UC RUSAL
RUSAL, the world’s largest aluminium producer, notes the statement issued by the Federal Anti-Monopoly Service (FAS) against JSC ‘RUSAL Trading house’ on the grounds of presumed abusive action on the aluminium market using the market dominance and considers it necessary to ...
2011-09-08 10:09:58 NLMK commences hot tests at new cogeneration plant
The Company’s new 150 MW Recovery Cogeneration Plant has started receiving and processing BF gas from Blast Furnace No. 7 currently being hot tested at NLMK.
With the new plant, Novolipetsk (NLMK’s Lipetsk site) generation capacity will increase by 45% to 482 MW, bringing the ...
2011-09-08 10:06:00 Conversion and completion of redemption of convertible bonds due 2014
Evraz Group announces that, further to its announcement on 24 June 2011, all the remaining outstanding convertible bonds due 2014 being US$100,000 in aggregate principal amount were redeemed on 4 August 2011. Earlier US$649,900,000 in aggregate principle amount of bonds were converted into ...
2011-09-07 10:23:35 Norilsk Nickel attracts young specialists with grants
MMC Norilsk Nickel announces the introduction of new corporate grants for both students of target preparation groups and interns at the Group companies within corporate Professional Start program.
The project aims at increasing the interest of youth to graduate with specialties demanded ...
2011-09-07 10:13:46 Mechel announces Elga first results
Mechel, one of the leading Russian mining and metals companies, announces the first results of mining in Yakutugol Holding Company OAO’s Elga Coal Complex.
In accordance with plans announced earlier, mining at the Elga deposit started in August. The Elginsky open pit yielded some ...
2011-09-07 10:00:00 EVRAZ Appoints Vice President of Major Projects
Evraz Group announces the creation of a new business unit which will incorporate all of its major investment projects. To this end, the Company introduces the new position of Vice President of Major Projects. The creation of this new role and unit will support Company’s organic growth ...
2011-09-06 16:43:31 Mechel Announces Creation of Joint Venture Mechel Somani Carbon Private Limited, India
Mechel JSC, one of the leading Russian mining and metals companies, announces the creation of Mechel Somani Carbon Private Limited, India, set up jointly with India’s Somani Group. The joint venture will handle distribution of metallurgical coals on the Indian market.
Mechel Carbon ...
2011-09-06 15:56:52 “Russian Metal and Steel Market-2011”: strategic partnership
Organization of the business program of the autumn Metals Week in Moscow , the largest metallurgical forum in Russia and the CIS, proceeds. The International Conference “Russian Metal and Steel Market-2011” will be held on November 14th.
Traditionally, this event is ...
2011-09-06 09:06:30 Rusal rejected the proposal of Norilsk Nickel about buy-back
UC Rusal, announced that the Board of Directors of Rusal, having carefully discussed the letter received from MMC Norilsk Nickel proposing to acquire 15% of the outstanding ordinary shares of Norilsk Nickel, have unanimously resolved to reject the proposal. The Board of Directors believes the ...
2011-09-05 15:41:37 Almetyevky Pipe Plant, JSC announces production results for August 2011
Almetyevsky Pipe Plant, JSC (Tatarstan Republic, part of “United Metallurgical Company”, JSC), announced operation results for August 2011.
Output of pipes of different range in the reporting month amounted to 18 156 tons. Since the beginning of 2011, the plant has produced: ...
2011-09-05 14:06:34 Bratsk Aluminum Smelter accelerates delivery of aluminum to ports
Bratsk aluminum will be delivered to sea ports almost twice faster. In August, Bratsk Aluminum Smelter developed first “aluminum” freight consignor routes, a freight train consisting on an average of 60 railway cars with the total weight of about 5.500k tons.
Previously, ...
2011-09-05 10:00:00 MMK-Metiz overlooks 1H 2011 operational results
1H 2011 steel products output of MMK-Metiz reached 236.6k tons (15.8% up to 30k tons as compared to the corresponding period 2010).
The highest growth was achieved in the following types of hardware products: wire nails (35%), net (54%), and powder wire (19%).
Revenues from sales ...
2011-09-02 14:06:01 TMK announces 1H 2011 IFRS results
TMK, JSC - one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the six months ending June 30, 2011.
1H 2011 Highlights
Financials:
Revenue increased by 38% ...
2011-09-02 14:02:05 Severstal-Metiz completed construction of a new water processing cycle
The group of enterprises “Severstal-Metiz” (part of “Severstal Russian Steel” division) completed one of major investment projects of 2011, construction of a new water processing cycle for a more efficient equipment cooling on the Cherepovets steel wire production ...