2011-09-02 13:56:43 Abinsky Steel Works will build a steel melting plant
“Construction of the second stage of the Abinsky electrometallurgical plant, steel plant worth about 10 billion rubles, will begin in November 2011. The capacity of the plant will reach 1.3 million tons of steel billets per year. It is going to be built on company’s own finances. ...
2011-09-02 13:54:01 Norilsk Nickel arctic tanker passes sea trials
OJSC MMC Norilsk Nickel, informs that ice-class ARC7 Yenisey tanker passed through sea trials in Wismar (Germany) last week. The trials made it possible to test the performance of vessel’s devices and equipment. The tanker is being built as part of the Company’s own arctic fleet ...
2011-09-01 16:14:03 Shardinsky Auto-Aggregate Plant increased commodity output by a third (in 7 months)
From January to July 2011 “Shardinksy Auto-Aggregate Plant”, JSC (machine-building enterprise of UMMC) produced commodity products for 2 billion 33 million rubles, which is 35% higher y-o-y.
During the first 7 month of the current year Auto-Aggregate Plant has increased ...
2011-09-01 13:51:02 “Severstal” improves quality of production control
The Cherepovets Metallurgical Plant (part of division Severstal Russian Steel) launched Technological Process Control System project, worth a total of 42 million rubles.
The goal of the investment project is to improve management decision making process efficiency, by promptly delivering ...
2011-08-31 13:29:22 UMMC-OCM overlooks the Czech market
Management of UMMC-OCM (UMMC non-ferrous metals processing enterprises management company), and representatives of Metalimex (Czech Republic) discussed cooperation prospects during a visit to Verhnjaja Pyshma.
In particular, foreign experts were interested in copper and brass flats, ...
2011-08-31 11:53:21 In 2016 Yakovlevsky mine is going to reach an annual production level of 4.5 million tons
By 2016, Yakovlevsky mine (located in the Belgorod region), intends to reach the level of 4.5 million tons per year. With the increase in extraction volumes the enterprise is planning to increase the capacity of a grinding-sorting factory, as well as build a new charging complex. Due to this ...
2011-08-31 10:21:11 NLMK’s new 3.4 m tpa blast furnace enters hot testing phase
NLMK is proud to announce the launch of hot testing at its new 3.4 million tpa Blast Furnace No. 7 (BF-7). Today NLMK completed the burden and fuel charging operations. Air heated to 800 0C is blown into the furnace to prepare proper temperature conditions for iron smelting; later, blast ...
2011-08-30 12:38:20 Izhora Pipe Plant produced 200 000th large diameter pipe
The pipe, 1420 mm in diameter with a wall thickness of 21.6 mm and 12 m in length is designed to be used in the second stage of construction of the “Gryzovets – Vyborg” pipeline (project of Gazprom, JSC). The gas conveyed through the territory of the Vologodsky and ...
2011-08-30 11:08:28 Rusal increased extraction of bauxites by 22.8%, alumina output by 8%
In the first half of 2011, extraction of bauxites by Rusal enterprises integrated grew by 22.8% reaching 6.617 million tons. Rusal press release states that, the growth has been mainly achieved due to Windalco Ewarton (Jamaica), BCGI (Guyana) and North-Ural Bauxite Mine (Russia).
During ...
2011-08-30 10:51:27 Titanium industry gets boost in numbers
In January-July 2011 Russian titanium manufacture increased by 34.2% yoy and titanium semi-products by 8.8%.
On July 2011 titanium production increased by 57.6%, compared to the corresponding period of 2010, titanium semi-products rose by 14.4%. Comparing to June 2011 titanium output grew ...
2011-08-30 10:22:25 Mechel Announces Key Accomplishments at Yakutugol and Its Subsidiary Elga Coal Complex
Mechel, one of the leading Russian mining and metals companies, announces reaching full production capacity at the Nerungrinskaya processing plant of Yakutugol Holding Company OAO and gives an update on the construction of Elga Coal Complex.
In July, Yakutugol Holding Company OAO’s ...
2011-08-29 11:36:39 NLMK increases power generation using by-product gases 1.5-fold
NLMK will increase its use of by-product fuel gases from metallurgical processes at the main site in Lipetsk (Novolipetsk) by the end of the year.
Average annual electric energy generation using coke and blast furnace gases is currently at the level of c. 190 MW, or over half of ...
2011-08-29 10:26:56 Rusal increased aluminium productiuon 1% up
UC Rusal announces its results for the six months ended 30 June 2011.
* Revenue increased by 18.8% to USD6,323 million in the first half of 2011, as compared to USD5,321 million for the first half of 2010, mainly due to increased prices and improved product mix.
* Adjusted EBITDA ...
2011-08-26 14:29:00 Magnesium output tends to rise
In January-July 2011 Russian magnesium manufacture rose by 20.1% yoy, however magnesium alloys output fell by 33.1%.
On July 2011 magnesium production rose by 26.3%, compared to the corresponding period of 2010, magnesium alloys: 36% down. Comparing to June 2011 magnesium output grew ...
2011-08-26 14:10:30 Maxi-Group declared bankrupt
The Moscow City Arbitration Court issued a ruling declaring bankrupt and initiating bankruptcy procedures against Maxi-Group.
This decision was based on a report prepared by E. Ryndenko, the external administrator, following an external observation procedure introduced by the court on ...
2011-08-26 14:06:00 VYKSA Steel Works started modernization of electric pipe-welding plant #2
VYKSA Steel Works (located in the Nizhny Novgorod region, part of United Metallurgical Company “OMK”, JSC) initiated a priority reconstruction project of electric pipe-welding plant #2, part of small and medium diameter pipes complex. Site work expected to continue until mid 2013 ...
2011-08-25 13:03:32 In first half of 2011 Magnitogorsk cements workers increased revenue 1.3 times
“Magnitogorsk Cement & Refractory Plant”, JSC, part of “Magnitogorsk Iron & Steel Works”, JSC group increased its revenues 1.3 times to 953.3 million rubles within six months of 2011, compared to the corresponding period of 2010. Such growth was accomplished by ...
2011-08-25 11:17:14 NLMK H1 2011 and Q2 US GAAP results
NLMK, announces its consolidated US GAAP results for Q2 and H1 2011.
NLMK delivered a significantly improved financial and operational performance in Q2 2011, confirming its status as one of the most efficient global steelmakers. Sales revenue rose by 26% to $2.98 billion on the back of ...
2011-08-25 11:10:57 Dividend payment and agenda for Extraordinary General Meeting (“EGM”)
The Board of Severstal, one of the world’s leading integrated steel and mining companies, is recommending a dividend of 4.37 rubles (approximately $0.15) per share for the first six months of the financial year to 30 June 2011. The record date is 24 August 2011.
The dividend ...
2011-08-25 09:57:54 UC Rusal’s statement in connection with the voting on the Directors Board of Norilsk Nickel
UC Rusal , the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, considers it necessary to state the following.
Rusal’s representatives on the Board of Directors of Norilsk Nickel voted ‘against’ the proposal to purchase ...
2011-08-25 09:54:27 Norilsk Nickel sends the offer to UC Rusal
MMC Norilsk Nickel (hereinafter referred to as MMC Norilsk Nickel or the Company) sends the offer for acquisition of 15% of the Company shares for USD 8.75 billion from LLC UC Rusal Investment Management (part of UC Rusal).
The offer was approved by the majority of Norilsk Nickel Board ...
2011-08-24 10:32:08 Berillium Hydrometallurgical Plant to be built in Buryatia
Hydrometallurgical production complex will be built on Ermakovsky beryllium deposits, the Republic of Buryatia, one of the richest deposits in the world. The new plant will produce beryllium hydroxide to be delivered to Kazakhstan, China and Japan ...
2011-08-24 10:15:27 Steel rolled products manufacture in Russia tends to rise
In January-July 2011 steel rolled products output grew by 4.5% yoy including long products 16.1% up and flats 4.0% up.
In July 2011 steel rolled products manufacture rose by 4.1% compared to the corresponding period of 2010 reaching 5 million tons. Long products output: 11.7% up to 1.7 ...
2011-08-24 09:10:14 Court rejects UC Rusal’s writ of appeal against AGM-2010 results
MMC Norilsk Nickel (the Company) informs that the Federal Arbitration Court of the East-Siberian district on 23.08.2011 rejected the writ of appeal by UC Rusal Investment Management LLC (subsidiary of UC Rusal).
UC Rusal Investment Management LLC and Fonmi LLC tried to litigate decisions ...
2011-08-23 14:39:14 Russian Copper Company to start a new mining dressing complex in two years
Russian Copper Company has begun mountain-capital works as part of implementation of the GOK “Mikheevsky” project. The investment budget of the project reaches $650 million; at this moment about $133 million has been executed. Mikheevsky deposit situated in the Chelyabinsk region ...
2011-08-23 11:53:36 NLMK continues construction of Pelletizing Plant at Stoilensky
Stoilensky (an NLMK affiliate) has signed a contract with the Siemens VAI/Outotec consortium for the design and supply of required equipment and technologies, as well as the rendering of other services related to the construction of a Pelletizing Plant at Stoilensky with a capacity of 6 mtpy ...
2011-08-23 10:02:00 Severstal North America announces successful start-up of new pickle line
Severstal North America Announces Successful Start-Up of New Pickle Line Tandem Cold Mill in Dearborn, Michigan.
Severstal North America, a U.S.-based steel producer specializing in the full range of the high quality, light, flat-rolled products, today announced the successful launch of ...
2011-08-22 10:30:00 Evraz launches construction of a new coking coal mine
Evraz Group launches construction of a new coking coal mine Yerunakovskaya-VIII within its existing coal mining division Yuzhkuzbassugol (Kemerovo region, Russia). The total investment in the project will be c.17 billion roubles (approximately US$590 million) spent over the next three years. ...
2011-08-22 10:01:00 Norilsk Nickel board of directors will review conditions of offer to purchase Rusal shares
In accordance with the resolution of the Board of Directors of August 15, 2011, the management of OJSC MMC Norilsk Nickel has formulated the offer to purchase Company’s shares from UC Rusal Asset Management LLC (subsidiary of UC Rusal). Proposed conditions for this offer will be ...
2011-08-19 11:17:33 Russian aluminium semi-products output continues to grow
In January-July 2011 aluminium products manufacture in Russia trended to rise: aluminium alloys output grew by 40.1% yoy, bars and profiles: 24.7% up, rolled products: 39% up.
On July 2011 aluminium alloys production rose by 3.8% compared to the corresponding period of 2010 , bars and ...
2011-08-19 10:50:21 Deutsche Bank and Societe Generale raise funds for NLMK Group
NLMK has successfully closed a credit agreement for a total of EUR93 million with a maturity of 10 years. The facility will be used to finance NLMK Group’s capex program, notably to complete the construction of its Kaluga Mini-Mill, which is part of the Group’s Long Steel ...
2011-08-19 10:01:00 Metal-Expo’2011 program of events to extend
More than 50 events have already been confirmed as part of Metal-Expo’2011 International Industrial Exhibition (November 15-18, 2011, The All-Russia Exhibition Center, Moscow) program of events. The organizer of the event expects 15-10 more seminars, round tables and presentations to ...
2011-08-18 10:36:30 VSMPO-Avisma and Embraer extend an agreement
VSMPO-Avisma Corporation, the Russian manufacturer of titanium, aluminium and steel semi-finished products, and Embraer., the world’s largest manufacturer of commercial jets up to 120 seats, based in Brazil, signed an Amendment to the existing Long Term Agreement for supply of ...
2011-08-18 10:35:01 Severstal sponsors Museums of the Russian North charitable programme
The Museums of the Russian North programme is devised and sponsored by Severstal, one of the world’s leading steel and mining companies, to support the development of regional museums in northern Russia. The following organisations and projects were judged by an expert panel to be the ...
2011-08-17 15:37:33 IZ-KARTEX completes delivery of four electric shovels
IZ-KARTEX, a part of OMZ Group, will complete this August a number of deliveries of mining equipment to Sibirsky Antracit, Stoylensk mining and processing plant and Kazakhstan company TOO Bogatyr Komir.
According to the contract with Sibirsky Antracit, in 2011 IZ-KARTEX has manufactured ...
2011-08-17 10:18:13 Airbus and VSMPO-Avisma sign up to strategic collaboration
Airbus and VSMPO-Avisma Corporation signed a Memorandum of Understanding (MoU) for strategic collaboration on the manufacture and supply of value-added products, joint development projects and especially on the «Vertical Integration Project». This agreement further enhances the ...
2011-08-17 10:17:00 Metalloinvest and Rusfond to sign an agreement
Metalloinvest became the corporate donor of the Russian aid fund (Rusfond) of the publishing house "Kommersant". The Group donated in July 2 million roubles to support projects of the fund in 2011. The first joint project of Metalloinvest and Rusfond is the aid program for children ...
2011-08-16 15:13:37 VSMPO-Avisma and Rolls-Royce sign long-term contracts for the supply of titanium products
VSMPO-Avisma Corporation have signed three long-term agreements with Rolls-Royce for the period 2011 to 2015. The terms of each contract vary but extend the cooperation between the two companies which was established in 2000 with the signing of the first four-year Agreement.
According to ...
2011-08-16 10:57:30 Rusal and Sberbank agree on improving terms of the USD4.58 billion loan facility
Rusal and Sberbank of Russia announce reaching the agreement to improve the key terms and conditions of the loan facility of USD4.58 billion signed on 30 September 2010.
According to the amended terms, the debt maturity will be extended such that the debt will mature 5 years from the ...
2011-08-16 10:52:46 NLMK to hold Extraordinary General Meeting of Shareholders
NLMK’s Meeting of the Board of Directors, held on August 15, 2011, resolved to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of absentee voting. The deadline for the receipt of voting ballots was fixed at September 29, 2011.
The following agenda was ...
2011-08-16 10:25:51 Norilsk Nickel makes new offer to Rusal
The scheduled in-person meeting of the Board of Directors of OJSC MMC Norilsk Nickel (hereinafter: MMC Norilsk Nickel or the Company) took place today. The agenda consisted of a single item: announcement of the public offer to purchase securities of MMC Norilsk Nickel from the Company’s ...
2011-08-15 14:07:47 VSMPO-AVISMA Corporation to participate at MAKS-2011
VSMPO-AVISMA Corporation will participate at the 10th International Airspace show MAKS-2011, which will be held August 16 – 21, 2011 in Zhukovskiy.
The Corporation will demonstrate the titanium products for airplane and engine manufacturers at the exhibition, among which the ...
2011-08-15 10:25:43 TMK ships pipes with premium connections to Daewoo
TMK, one of the world’s leading oil and gas steel pipe producers, has shipped casing with TMK PF Premium Connections to Daewoo Energy Central Asia.
The product is intended for use in exploratory drilling program in Uzbekistan in 2011, which is being conducted by Daewoo Energy ...
2011-08-15 00:01:44 Russian Government plans to change copper export duty
On August 11, 2011 First Deputy Prime Minister Viktor Zubkov held a meeting of the Sub-Commission for Customs Tariff and Non-Tariff Regulation and Protective Measures in Foreign Trade under the Government Commission for Economic Development and Integration.
The meeting participants agreed ...
2011-08-12 10:31:57 Norilsk Nickel publishes IFRS 2010 financial statements
MMC Norilsk Nickel, the world’s largest producer of nickel and palladium, announces publication of Consolidated Financial Statements for FY 2010 prepared in compliance with international standards.
MMC Norilsk Nickel’s Financial Statements available on the Company’s ...
2011-08-12 10:28:01 Russian Chapel – symbol of tolerance and friendship
A traditional ceremony at the Russian Chapel under the Vrsic pass was carried out, in a spirit of respectful friendship and cooperative enthusiasm between Slovenia and Russia. Several politicians and business people attended the event, including the Russian co-owners and the President of the ...