2007-04-27 10:57:29 Net income in Q1 ChTPZ reported relatively strong growth in net income, drafted to RAS, for Q1 2007, which, , was the result of bigger pipe output.
In Q1 2007, Chelyabinsk Pipe Rolling Plant (ChTPZ) boosted RAS net income 95% y-o-y to Rb 1,193 mln (around $46 mln), or 34% on Q4 2006.
For the ...
2007-04-26 13:55:36 United Company RUSAL to launch Сentre for Thermal Power Research United Company RUSAL today brings together over 40 power experts at a conference to address the challenges of coal power development, in Krasnoyarsk - the first stage in its plan to open a thermal power research centre in the city.
United Company RUSAL intends to open a research and ...
2007-04-26 13:25:31 Evraz Group is selling the sales divisions Evraz Group is selling the sales divisions of its trade house with the yearly rolled metal products turnover of 1 mln tons, reports Kommersant. Their buyer - Swiss Carbofer General Trading which, according to some market participants, presents interests of Alexander Katunin, ex co-owner of ...
2007-04-25 16:30:33 Mechel to install a new shearing press JSC Mechel (NYSE: MTL) announces the installation and commissioning of a new shearing press in the electric arc furnace shop at its Romanian steel plant Mechel Targoviste in compliance with its technical re-equipment plan. The work has been completed in line with the current stage of Mechel ...
2007-04-25 14:14:59 West Siberian Metallurgical Plant to pay lavish dividends
The BoD of West Siberian Metallurgical Plant (ZSMK) has adopted a decision to recommend the company’s shareholders to approve FY06 dividend payouts of $8.50 (Rb 221) per share. It is noteworthy that the metal maker paid ...
2007-04-25 12:19:58 Belon Shares now listed on MICEX Pursuant to the decision of the Board of Directors of ZAO MICEX Stock Exchange, the shares of the Company were included in the portfolio of non-listed stock. Therefore, 11.5 mln. uncertificated registered ordinary shares of OAO Belon (state ...
2007-04-25 10:24:47 The Norilsk Nickel Group produced 61 thousand tn of nickel Mining and Metallurgical Company ("MMC") Norilsk Nickel ("the Company", "Norilsk Nickel Group") announces preliminary consolidated production figures for the first quarter of 2007.
Tav Morgan, Deputy General Director of MMC "Norilsk Nickel" ...
2007-04-24 12:41:43 Maxi-Group to possess $50 mln credit Promsvyazbank, JSCB has announced giving Maxi-Group (Ekaterenburg) a $50 mln credit for 12 months as a part of a pre-export financing program. The possessed credit will be spent on purchase of ferrous metals scrap for rolled billets production on Nizhneserginskiy Metal Ware Metallurgical Plant ...
2007-04-24 11:10:42 Yuzhuralnickel’s net income surged 37% in Q1 2007 Yuzhnouralsky Nickel Plant, which is part of Mechel Group, boosted net income to $83.8 mn in Q1 2007, up 37% against $61 mn in Q4 2006, the company said in its press release devoted to this important release. The main drivers behind this strong ...
2007-04-23 11:54:51 MMC Norilsk Nickel announces the results of the audit of Bystrinskoye deposit As part of its strategy for the exploration and development of new mineral deposits in the territory of the Russian Federation MMC Norilsk Nickel provides the information on the ore reserves and mineral resources at the Bystrinskoye deposit. The audit of the ore reserves and mineral resources ...
2007-04-23 10:47:32 Net income was up by 56.3% in Q1 Magnitogorsk Iron and Steel Works announced its financial statements for the first quarter of 2007, reported in accordance with Russian Standards of Accounting Reporting. These results are for JSC MMK only and not its subsidiaries.
JSC MMK’s net revenues for the first quarter of ...
2007-04-23 10:10:47 VSMPO-Avisma has rolled back its IPO Titanium corporation VSMPO-Avisma has rolled back its IPO for an indefinite period of time.
Russian corporation VSMPO-Avisma, the world’s biggest manufacturer of titanium products for the aerospace industry has decided to postpone its initial public offering for an indefinite ...
2007-04-23 01:52:14 TMK Announces Top Management Appointments JSC TMK, announced today that it has appointed Vladimir Shmatovich as its Senior Vice-President for Strategy and Business Development. After leading TMK’s IPO as CFO, Mr. Shmatovich will now focus on TMK’s strategic development, including mergers and acquisitions, the ...
2007-04-20 14:45:29 VSMPO-AVISMA to Increase Titanium Products Output up to 44 thou. Tons by 2012 A project of the Program of Strategic Development up to 2012 and budget of the company for 2007 have been considered at the meeting of the board of directors of VSMPO-AVISMA Corporation in Ekaterinburg. The board of directors has approved the concept of the Program of Strategic Development of ...
2007-04-20 14:04:23 Reconstruction of 250 Merchant Mill has Completed at Nizhnie Sergy Metalware and Metallurgical Plant The main reconstruction works of 250 merchant mill have completed at Nizhnie Sergy Metalware and Metallurgical Plant, reported Maxi-Group press center. Thus, due to the new double-stranded mill output of rebar steels will reach 1 mln tons in 2007.
The reconstruction of the rolling ...
2007-04-18 14:32:24 SeverStal invests $77 million SeverStal invests $77 million at its Cherepovets steel plant to boost production of rolled products for the construction industry
SeverStal today announced an investment of $77 million at its Cherepovets plant to improve its continuous hot-dip galvanizing (HDG) line. The investment is in ...
2007-04-18 10:15:28 Rebar Rolled Products: Production, Consumption and Prices for 2007 Season Rebar Rolled Products: Production, Consumption and Prices for 2007 Season, conference will be held tomorrow on April 19. The conference will be organized by Metal Supply and Sales magazine and supported by the Russian Union of Metal and Steel Suppliers. Russian rebar rolled products ...
2007-04-18 00:09:38 Signing of agreement on complex development of lower Angara region The parties involved in the Complex Development of Lower Angara Region Project, signed an agreement on joined financing through the resources of the Russian Investment Fund as well as commercial enterprises. The project is based around the Boguchanskoye Energy and Metals Complex.
The ...
2007-04-17 12:18:33 Rusal to produce 1 mln Tones of Aluminium in Q1 United Company RUSAL has today announced production results for the Q1 of 2007 achieved by the combined facilities of RUSAL, SUAL and the alumina assets of Glencore. Aluminium production rose by 2.5% compared to the same period of last year and reached 999.4 thousand tones. Alumina ...
2007-04-17 11:55:38 NLMK posts higher 2006 net profit JSC Novolipetsk Steel (“NLMK”, “the Group”) today announced its preliminary consolidated US GAAP results for the 2006 year.
Revenue stepped up 38 percent to around $6.046 bln. The company's EBITDA grew 26 percent to $2.631 bln and EBITDA margin amounted to 44 ...
2007-04-17 11:16:13 Raspadskaya Mine saw weaker financials Raspadskaya Mine released FY06 IAS consolidated financials. According to the report, the company saw weaker financials. Sales dipped 13.4% to $468.8 mln, EBITDA plunged 24% to $260 mln and net income crashed 33% to $120 mln.
According to the ...
2007-04-17 11:03:16 NLMK to approve a decision to declare cash dividends for 2006 On April 16, 2007 NLMK's Board of Directors took the decision to hold a General Shareholders' Meeting on June 5, 2007. The Company's Board of Directors has recommended that the general shareholders' meeting approve a decision to declare cash dividends for 2006 on ordinary issued shares in the ...
2007-04-16 16:57:12 Mechel announces the early completion of privatization contract for Mechel Campia Turzii JSC Mechel (NYSE: MTL) announces the early completion of its obligations under the privatization contract for its Romanian steel plant, Mechel Campia Turzii.
The Authority of State Assets Recovery of Romania has formally confirmed the fulfillment of all the investment obligations ...
2007-04-16 13:14:39 OMZ to Supply 4 Coke Chambers for Rub 330 mln OMZ (Uralmash-Izhora Group) has won a tender and signed a contract for supply of 4 coke chambers to Ufaneftehim, repots OMZ press-center.
The cost of the transaction is more than Rub 330 million. The equipment will be delivered in the first half of 2008.
2007-04-16 12:09:03 Alteams Vyborg enterprise considers a possibility to build an aluminum plant in Vyborg General management of Alteams Vyborg enterprise considers a possibility to build an aluminum plant in Vyborg (the Leningrad region), reports Our City media group. Presumably about 100-150 employees will work at the new plant.
Alteams Vyborg belongs to Alteams, the Finnish group ...
2007-04-16 11:22:29 V. Vekselberg and B. Gilbertson have started a new project SUAL Ex-President Brian Gilbertson and the main owner of the company Victor Vekselberg have started a new large-scale project together in spite of the rumors about conflict between them.
V. Vekselberg plans to become the biggest shareholder of Pallinghurst Resources Investfund, ...
2007-04-13 13:59:28 Belon will invest in the development of production in Kuzbass Rub 5 bln A. Tuleev, Governor of the Kemerovskiy region and A. Dobrov, President of Belon Group have signed a protocol to agreement on a social and economic partnership in 2007. This year Belon will invest in the development of production in Kuzbass Rub 5 bln. The funds will used on modernization and ...
2007-04-13 10:50:41 Mechel to Create New Energy Business Mechel announces fulfillment of its obligations following the results of the auction to acquire Southern Kuzbass Power Plant
JSC Mechel (NYSE: MTL) announces the fulfillment of its obligations related to the previously announced acquisition of 93.35% of the shares of Southern Kuzbass ...
2007-04-12 12:41:29 A new version of directory Metal Supply & Sales, Information and Publishing Service together with Steel Services Centers Institute have published a new version of directory on ferrous and nonferrous producers, steel traders, steel service centers, equipment producers and other participants of the steel market. The ...
2007-04-12 11:59:22 There is no factual confirmation about possible merging There is no factual confirmation about Pipe Metallurgical Company (TMK), Russia's largest pipe producer and Ukraine's Interpipe possible merging, Sergey Iliyin, Chief of Public Relations Dpt., TMK said on Wednesday.
We will not comment on these rumors, rather we will comment on the news ...
2007-04-12 10:18:42 Mechel could allocate $250 mln to dividend payouts Mechel could raise dividends in line with US GAAP net income growth which, according to Antanta Capital’s estimates, reached about $500 mln in FY06, up 30% y-o-y. Therefore, the steelmaker could shell out up to $250 mln as FY06 dividends.
The company’s dividend policy calls ...
2007-04-11 12:42:24 TMK, Interpipe to Consolidate into World Leader Pipe Metal Co. (TMK) of Dmitry Pumpyansky is in consolidating talks with Ukrainian Dmitry Pinchuk’s Interpipe. Should the parties finally agree, the united company will outpace Tenaris, which leads worldwide on this market.
It was Reuters that reported yesterday about ...
2007-04-11 00:49:00 A new version of directory Metal Supply & Sales, Information and Publishing Service together with Steel Services Centers Institute have published a new version of directory on ferrous and nonferrous producers, steel traders, steel service centers, equipment producers and other participants of the steel market. The ...
2007-04-10 12:18:36 MMK to plan a 7 year investment program costing $5.2 bln Magnitogorsk Iron and Steel Works (MMK) plans to use the proceeds from its additional share issue in London and Russia to finance the company's 2007-2013 investment program worth $5.2bn, a source close to the banking sphere told RBC today. Hence, MMK will float 30 percent of its additional ...
2007-04-10 11:18:16 ROSATOM and United Company RUSAL to establish an energy and metals complex ROSATOM and United Company RUSAL have signed a memorandum on the joint implementation of long-term investment projects. The signed document provides for the detailed exploration of opportunities to establish an energy and metals complex in the Far East comprising a nuclear power plant and an ...
2007-04-10 10:40:36 Italian Helicopters Take Off in Russia OPK «Oboronprom» and the Italian Augusta Westland have begun negotiations on the licensed assembly of the six-ton AW-139 helicopter at the Ulan-Ude aviation plant, repots Kommersant .
A framework agreement should be signed in May.
2007-04-09 13:30:26 The price range for GDR had been set between $12.25 and $15.50 per receipt Magnitogorsk Iron and Steel Works (MMC) has confirmed earlier media reports that the price range for its GDRs had been set between $12.25 and $15.50 per receipt, repots RBC.
The final offering price and the start date for conditional dealings were forthcoming in late April 2007. The ...
2007-04-09 11:00:00 Production, Consumption and Prices for 2007 Season The program of conference «Rebar Rolled Products: Production, Consumption and Prices for 2007 Season“, which will be held on April 19, 2007, in Renaissance Hotel Moscow has been framed. The conference is organized by «Metal Supply and Sales» magazine and supported by ...
2007-04-09 00:01:31 Alcoa Russia plans to raise output 18%
Alcoa Russia plans to raise output 18% this year compared with 2006, said William O'Rourke, the head of the U.S. aluminium giant's Russia division.
O'Rourke said Alcoa 's Russian enterprises boosted output 25% in 2006.
Those enterprises shipped a record 21,000 tonnes of ...
2007-04-06 12:41:00 Industrial Union of Donbass Holding has begun construction of a steel rolling plant in Armavir Industrial Union of Donbass Holding (IUD) has begun construction of a steel rolling plant in Armavir (the Krasnodar region). IUD plans to set up a steel malting plant in Armavir to produce up to 1.5 mln tons of steel per year as well as two rolling mills with total capacity of up to 1.2 mln ...
2007-04-06 12:18:42 The fight for the victory is expected to be hot The fourth series of Russian billiards tournament for steel producers and traders within the 4 round Moscow Cup for Steel Producers and Traders is starting in Moscow on April 7. Each tournament player according to the won place gets certain scores which are summarized at the end of the ...
2007-04-06 11:30:12 Norilsk Nickel is in talks with banks over crediting for $1.5 bln Norilsk Nickel, the world's largest producer of nickel and palladium, is in talks with banks over crediting for $1.5 bln, repots Finam.ru.
Since Nornickel did not expect that it had to redeem 19.5% shares of WGC-3 for $1.6 bln, it borrows money for these unforeseen expenses. Soon the ...
2007-04-06 00:23:41 Mechel has Increased Steel Output by 19% in Q1 of 2007 As reported in the press release of the company, in the first quarter of 2007 Mechel produced 930 thousand tons of pig iron, which is 13% more as compared to the same period of 2006; steel - 1.488 mln tons (+ 9% to Q1, 2006), rolled products - 1,274 mln tons (+ 19%), including flat products - ...
2007-04-05 23:42:18 The report estimates a value of USD $1.676 bln for Kimkanskoye and Sytarskoye deposits
Aricom Plc (AIM: TIO), the English-Russian developer of mineral resources, has announced that Wardell Armstrong International ( “WAI”) independent consultant has estimated the cost of Aricom’s K&S (Kimkanskoye and Sytarskoye diposits situated in Evreyskaya ...
2007-04-05 21:45:04 TMK has increased shipments of pipe products by 12% in Q1 2007 In Q1 TMK shipped 783.800 tn of pipes, which is almost a 12% increase on the amount shipped in the same period last year (700.300 tn).
Q1 2007 saw shipment volumes increase across all product groups compared to the same period last year. Overall the amount of seamless pipes shipped rose ...
2007-04-05 11:42:04 MMC Norilsk Nickel established own corporate university One more structural unit has been established by MMC Norilsk Nickel-on April 1, 2007 the Corporate Educational Centre (Moscow Head Office of the Company) and Personnel Training Centre (Polar Branch, Norilsk) were merged into Norilsk Nickel Corporate University, a non-governmental educational ...
2007-04-05 00:22:28 Russia to Assess WTO before Presidential Elections Completing talks on accession to the World Trade Organization (WTO) in 2007 is of the "utmost importance" for Russia so that it becomes a member of the organization before Russian parliamentary and presidential elections, Economic Development and Trade Minister German Gref said 4 ...
2007-04-04 14:50:00 Karelsky Okatysh to Begin Development of New Iron Ore Deposit Karelsky Okatysh has begun to excavate and process Korpanga a new iron ore deposit whose resources are estimated at 320 million tones, reports press-center of Severstal-Resurs. A total of over US$ 100 million, the development of Korpanga is Karelsky Okatysh's largest investment project to ...