2016-05-18 17:24:57 TMK is to buy equipment for Seversky Tube Works
TMK and SMS Meers have signed contracts for the manufacture and supply of advanced equipment for seamless pipe heat treatment facilities to be built at Seversky Tube Works and TMK-Artrom, Romania.
The scope of supply includes heating furnaces, tempering furnaces, quenching equipment ...
2016-05-12 16:00:29 Metalloinvest and ISH signed long-term agreement
Metalloinvest has signed a RUB 6.8 bn agreement to ship iron ore concentrate of the highest grade with iron content of up to 69.5% to Industrial and Steelmaking Holding (ISH). Prices take into account changes in market conditions.
In 2016, Metalloinvest started sales of ...
2016-05-11 17:00:25 Rusal is to modernize Boksitogorsk Alumina Refinery
Rusal has commenced the modernization of the Boksitogorsk Alumina Refinery. The goal of the modernization programme is to increase the production of corundum, which is used in the manufacturing of abrasive and fire-resistant products. The project investment will total about $2 million. ...
2016-05-11 15:00:55 Severstal brings its cold rolling mill into service
Severstal have announced that following extensive reconstruction, it has today officially brought back into commercial operation the cold rolling mill with four stands, at the rolling and annealing plant of the Group’s Cherepovets Steel Mill.
Over the course of this 3 bln ...
2016-04-29 14:31:22 Rusal refinanced its debt for 2016
Today Rusal announced the updates of the refinancing for the year 2016.
On 26 April 2016 Rusaland lenders to the Combined PXF Facility signed the amendment & restatement agreement whereby a new refinancing tranche was introduced as part of existing Combined PXF Facility. On 29 ...
2016-04-28 16:00:03 Moody’s affirmed Metalloinvest’ rating with a stable outlook
Metalloinvest announced that Moody’s Investors Service (Moody’s) confirmed the Company’s ‘Ba2’ corporate rating with a stable outlook.
According to the published statement, today’s confirmation reflects Moody’s view that Metalloinvest ...
2016-04-28 13:00:39 Amur Minerals is to start the development of Malmyzhskogoe deposit in 2021
First Deputy Minister of Natural Resources of the Khabarovsk Region Vyacheslav Kovalyov met with the CEO of Amur Minerals Thomas Bouwens. They discussed of cooperation during the development of Malmyzhskogoe gold-copper-porphyry deposit.
Thomas Bouwens thanked the Government of ...
2016-04-22 16:00:46 NLMK Board of Directors recommends dividends for Q4 2015 and Q1 2016
On 22 April 2016, NLMK Group held a meeting of the Board of Directors. Board recommended NLMK shareholders approve Q4 2015 and Q1 2016 dividends’ payment at the upcoming Annual General Shareholder Meeting (AGM) to be held on 3 June 2016.
The list of persons entitled to ...
2016-04-22 06:00:33 Norilsk Nickel announces changes in management team
Norilsk Nickel announces changes in management team following his successful completion of a three-year program of developing and implementing the new Norilsk Nickel strategy, the First Vice President – Executive Director, Pavel Fedorov terminates his employment at Norilsk Nickel. ...
2016-04-20 14:35:52 Rusal and TransContainer sign long-term agreement
Rusal and TransContainer announce the signing of a 3-year contract to ship Rusal products in containers.
TransContainer will be responsible for all of Rusal’s shipments in containers within the territory of the Russian Federation from May 1, 2016 and, additionally, will ...
2016-04-20 13:00:13 TMK and Bashneft launch a joint programme
TMK and Bashneft have signed a technology partnership programme for 2016–2020.
The programme provides for over 20 joint activities related to development, introduction and piloting of TMK products at Bashneft’s oilfields. The range of products to be supplied by TMK ...
2016-04-19 12:04:15 Ural Steel increases pig iron output
Blast Furnace #4 at Ural Steel (part of Metalloinvest), which has a design capacity of 1.5 mln tons of pig iron per annum, is now operating at its planned production capacity following large-scale maintenance works.
Metalloinvest spent more than 1 billion roubles on the ...
2016-04-18 17:00:49 Mechel will restructure its debt to Sberbank
Mechel Group reported the signing and court approval of amicable settlement agreements for Mechel’s debt restructuring to Sberbank totaling approximately 30 billion rubles and 427 million dollars.
Mechel Group’s companies – Chelyabinsk Metallurgical Plant, ...
2016-04-12 13:00:47 NLMK continues to implement PCI technology
NLMK Group has started to install equipment for pulverized coal injection (PCI) unit its two largest and the most productive blast furnaces of its Lipetsk plant, namely blast furnace No. 6 with a capacity of 3.1 million tonnes of pig iron per annum and blast furnace No. 7 with a capacity of ...
2016-04-11 12:00:56 Russia is to return to the lithium market
A Moscow-based RM-Capital company signed an investment agreement with the administration of Krasnokamensk town, Zabaikalsk region about the building of a complex for the lithium production in 2016-2018.
It is expected that it will be used dumps that have accumulated during the ...
2016-04-08 10:00:33 Gazprombank gets an option to buy share in Elga project
Mechel announced signing an agreement on offering Gazprombank the option to purchase 49% share in the Elga coking coal deposit development project for 34.3 billion rubles.
According to the agreement, Mechel is due to sell to Gazprombank by June 30, 2016, 49% of shares in Elgaugol, ...
2016-04-07 12:39:50 OMK to deliver 745 km of large-diameter pipe for Nord Stream 2
On April 6, 2016, the United Metallurgical Company (OMK, Moscow) and the Nord Stream 2 Consortium signed alarge-diameter pipe delivery contract for the construction of the Nord Stream 2 pipeline. For the two lines OMK will manufacture and deliver 745 km of the project’s large-diameter ...
2016-04-06 06:00:40 TMK secures major contracts with Rosneft
TMK has won tenders for the supply of tubular products to Rosneft and its subsidiaries in 2Q 2016.
In April–June 2016, TMK will supply 92,000 tonnes of casing pipe to Rosneft, including pipes using the GreenWell lubricant-free technology. The Company outbid its ...
2016-04-05 06:00:28 NLMK Group doubles container deliveries in 2015
NLMK Group, an international steel company with assets in Russia, the USA and the EU, has doubled the volume of export container deliveries of electrical steel to 100,000 tonnes in 2015. As a result of expanding the range of container cargo handling operations, NLMK was able to save ...
2016-04-04 11:00:07 Mechel is to supply Baosteel Resources with coking coal
Mechel announced that its cooperation agreement with China’s major corporation Baosteel Resources has been prolonged.
Since April 2016 and until March 2017, Mechel will supply the Chinese company with up to 960,000 tonnes of premium-grade coking coal produced at ...
2016-03-31 11:02:26 NLMK Production System passes Toyota audit
NLMK Group, an international steel company with assets in Russia, the USA and the EU, has successfully passed an audit at its Lipetsk site for compliance with the criteria of the Total Toyota Production System (Т-TPS), one of the most efficient production process management systems in the ...
2016-03-11 14:00:55 NLMK and OMK develop strategic partnership
The NLMK Group has held a coordinating council meeting dedicated to developing a strategic partnership with United Metallurgical Company (OMK) at its Lipetsk site.
The participants in the council meeting discussed joint projects aimed at improving production and logistics ...
2016-03-09 10:00:13 Metalloinvest received pre-export finance facility for $400 mln
Metalloinvest (the Company) as a part of its liquidity expansion has signed a pre-export finance facility (PXF) agreement with a club of banks for $400 mln. The facility can be increased up to a maximum amount of $450 mln. The improvement of liquidity position will allow the Company to ...
2016-03-03 17:50:14 NLMK Group to upgrade its BF operations in 2018
NLMK Group has signed an agreement with Paul Wurth (Luxembourg) for engineering and the supply of equipment for the reconstruction of blast furnace No.6 (BF-6), which has a capacity of 3.2 million tonnes per year, at its production site in Lipetsk.
The upgrade, planned to ...
2016-02-25 20:31:55 S&P affirmed Metalloinvest long-term rating
Today Metalloinvest announced that Standard & Poor’s Ratings Services (S&P) affirmed BB long-term foreign- and local-currency ratings.
According to the published statement, S&P affirmed BB ratings because the agency believes that the weaker Russian ruble and a ...
2016-02-24 17:34:04 Rusal grows its expansion in Asia
Today Rusal announced the opening of a new representative office in Seoul, South Korea.
The office will be led by Dong Chan Huh, who has joined Rusal from Asia Pacific Aluminium Company. Dong Chan Huh brings more than 30 years’ of experience in the Korean aluminium ...
2016-02-16 06:00:07 Mechel started 100-meter rail supplies to Russian Railways
Mechel reported that supplies of 100-meter R65 DT-350 type rails to Russian Railways have begun. Mechel’s Chelyabinsk Metallurgical Plant has already shipped off the first 12,000-tonne batch to Russian Railways.
Chelyabinsk Metallurgical Plant supplies rails as part of a ...
2016-02-15 10:00:05 Sergey Gnilitsky was appointed as CEO of Olcon
Severstal has announced the appointment of Sergey Gnilitsky as Chief Executive Officer of Olcon, a fully owned subsidiary of Severstal. Sergey Gnilitsky was previously Director of Mining Plant Management at Olcon. Alexander Popov, formerly CEO of Olcon since 2011, will become CEO of Krasky ...
2016-02-11 10:00:44 TMK ships a batch of VIT to Gazprom Dobycha Yamburg
TMK has shipped a batch of vacuum insulated tubing (VIT) to Gazprom Dobycha Yamburg, which develops the Yamburgskoye and Zapolyarnoye oil and gas condensate fields in the Yamal-Nenets Autonomous Area.
The shipment included 2,849 linear meters of low-temperature N80-grade 89 mm VIT ...
2016-02-10 06:00:19 MMK commissioned blast furnace №9 following upgrade
Magnitogorsk Iron and Steel Works (MMK) announces that it has completed an overhaul of blast furnace №9.
The works, which included a technical overhaul of the cast houses, was launched in December 2015. Blast furnace №9 has a working volume of 2,014 m 3 , and is the most powerful ...
2016-02-09 06:00:48 VSW expanded deliveries from Russian suppliers by 40%
In 2015, Vyksa Steel Works (VSW, part of OMK) increased deliveries of materials and parts from Russian suppliers by 40%, or 2 billion rubles.
“The equipment at the factory’s production facilities comes from a hundred foreign manufacturers. Following the rise in ...
2016-02-08 11:05:23 NLMK increases its galvanized steel capacity
NLMK Group has finished hot-testing its continuous hot-dip galvanizing lines - HDG-1 at the Lipetsk production site following upgrades. HDG-1 is expected to reach full capacity (up to 500,000 tonnes per year) in April 2016.
The project boosted the line HDG-1 productivity by 30% to ...
2016-02-08 06:00:42 Проект Томинского ГОКа пройдет независимый аудит
В рамках выполнения договорённости председателя совета директоров Русской медной компании (РМК) Игоря Алтушкина и губернатора Челябинской области Бориса Дубровского Министерству экологии Челябинской области представлена для проведения независимого экологического аудита документация, ...
2016-02-03 12:15:41 Norilsk Nickel сreates palladium fund
Norilsk Nickel announced its decision to establish Global Palladium Fund and set its financing commitment at up to $200 million for potential transactions.
Global Palladium Fund is a new initiative aimed at the strategic palladium market. The strategic objective of the Fund is to ...
2016-02-03 06:00:36 Severstal to invest 43 bullion rubles in 2016
Severstal announced details of its 2016 capital investment program to support its operational excellence and long-term competitiveness.
Severstal plans to invest approximately 43 billion rubles across the business in 2016. This investment will primarily focus on developing key areas of ...
2016-02-02 17:01:26 MMK’s Mill 5000 sets new production record
Magnitogorsk Iron and Steel Works (MMK) announced that its thick-plate Mill 5000 established a new output record of 953.3 thousand tonnes of finished products in 2015.
The previous record of 943.4 thousand tonnes was set in 2010.
The unique thick-plate Mill 5000 was ...
2016-02-01 16:38:59 Metalloinvest and Aktobe Rail and Section Works signed long-term contract
Metalloinvest and Aktobe Rail and Section Works in Kazakhstan today announced the signing of a long-term supply contract for rails and structural steel for a three-year period. Under the terms of the agreement, Metalloinvest will deliver approximately 600,000 tons of steel products. ...
2016-01-29 12:41:59 Chelyabinsk Metallurgical Plant continues to supply Norilsk Nickel with rails
Chelyabinsk Metallurgical Plant (part of Mechel Group) continues its cooperation with Norilsk Nickel on supplies of rails. The plant has just shipped off this year’s first batch of rails to Norilsk Nickel’s Polar Division, in compliance with a new deal cinched by the two ...
2016-01-25 12:10:59 Metalloinvest continues to supply pellets to NLMK
Metalloinvest and Novolipetsk Steel (NLMK) today announced the extension of their existing long-term pellet supply contract until 31 December 2016. The contract was originally signed in 2011.
According to the agreed terms, Metalloinvest will supply NLMK with more than 3 million ...
2016-01-19 13:00:27 In 2015 NLMK Group sold about 16 million tons of steel
NLMK Group sales in 2015 increased by 5% to a record 15.9 million tons. Production stabilized at 15.9 million tons. Capacity utilization rates at NLMK Group production facilities exceeded 90%.
12M 2015 highlights:
· 2015 crude steel output remained ...
2016-01-18 06:00:46 Rusal changed top managers in Aluminium Division
Rusal announced a number of senior staff appointments within its Aluminium Division.
Evgeny Popov has been appointed as Managing Director of Sayanogorsk Aluminium Smelter (SAZ). Prior to the appointment, Mr Popov worked as Director of Production Department of the Aluminium ...
2016-01-13 17:04:45 TMK and Rosneft will cooperate in offshore projects
The leader of the Russian oil industry Rosneft and TMK, one of the world’s largest producers of pipes for the oil and gas industry, have signed a partnership memorandum regarding the implementation of the program of import substitution of pipes for offshore projects.
The ...
2016-01-12 16:00:24 Norilsk Nickel received credit from Chinese banks
Today Norilsk Nickel (hereafter, Norilsk Nickel or the Company) announced the signing of a 5-year RMB 4.8 billion syndicated revolving credit facility agreement (which equals to 730 million USD as of the date of the agreement).
The transaction is arranged by three largest ...
2015-12-30 16:45:03 TMK completed a deal with VTB
TMK on December 29, 2015, completed a deal with VTB Bank to raise around 10 billion rubles by selling its shares. Part of the shares will be delivered in the course of 2016.
TMK has a right to buy the shares back.
The funds will be used to reduce debt by repaying bank loans ...
2015-12-24 17:47:23 TMK and MMK agree on price formula for steel sheet
TMK and Magnitogorsk Iron & Steel Works (MMK) signed an agreement to apply a price formula for hot-rolled heavy plate supplied to TMK. The document was signed by Alexander Shiryaev, CEO of TMK, and Pavel Shilyaev, CEO of MMK.
The price formula is based on the direct cost ...
2015-12-23 16:50:08 TMK shippes pipe products with GreenWell for an offshore field
TMK shipped premium pipe products with lubricant-free coating GreenWell for Lukoil-Nizhnevolzhskneft. The supply included 32 tonnes of 177,8 mm P110-grade casing pipes and pipe nipples with TMK UP PF ET premium connection. Pipes were manufactured at Taganrog Metallurgical Works, pipe nipples ...
2015-12-21 15:41:46 Rusal announced new sales appointment
UC Rusal announces the appointment of Chris Evans as Project Director for Price Benchmarking.
Chris Evans will be responsible for maintaining the effectiveness of current price discovery mechanisms as well as working with customers to implement alternative pricing options. ...
2015-12-17 16:00:48 Rusal joins Aluminium Stewardship Initiative
UC Rusal announced that it has joined the Aluminium Stewardship Initiative (ASI) with a view to take part in developing global sustainability standards for international application in the aluminium value chain.
The ASI standards are designed to be applicable to all stages of ...
2015-12-17 06:00:52 OMK holds successful trials of new pipeline and fitings
The oil and gas pipelines made at Vyksa Steel Works (VSW, part of United Metallurgical Company, OMK Joint Stock Company, Moscow) and pipeline fittings made at Trubodetal factory (part of OMK) from the company’s own patented 05KhGB steel grade have successfully passed benchmark and ...
2015-12-16 14:20:22 Norilsk Nickel is to launch new cobalt production
Kola Mining-and-Metallurgical Company (Norilsk Nickel subsidiary) is at the final stage of mastering the process of premium-grade marketable cobalt production on commercial scale. Voltage was applied across the electrolysis baths at cobalt production section of the nickel tankhouse. The ...