2012-08-10 10:01:00 Q2 2012 US GAAP Results (highlights)
NLMK, the LSE-listed leading steel producer, announces its consolidated US GAAP results for Q2 and 6 months of 2012.
espite challenging market conditions NLMK delivered a set of strong operating and financial results. s Q2 sales remained largely flat at 3.8 million tonnes. Q2 revenue grew ...
2012-08-10 10:01:00 Koks Group updates Butovskaya Mine construction progress
KOKS Group, the world’s largest exporter of merchant pig iron and a leading producer of merchant coke in Russia, announces that its subsidiary Koks-Mining continues active construction of the Butovskaya mine.
Mine tunneling is completed by more than 70%.
Since the beginning of 2012 ...
2012-08-09 10:11:24 Dudinka seaport turns international
Norilsk Nickel announces that a permanent checkpoint on the State Russian Border for cargo and passengers was officially inaugurated.
The opening ceremony was attended by Nikolai Patrushev, Secretary of the Security Council of the Russian Federation, as well as by representatives of the ...
2012-08-09 10:10:03 Sberbank of Russia opened rub 50 billion 3-year credit line for METALLOINVEST
METALLOINVEST, a leading global iron ore and HBI producer based in Russia, today announced that Sberbank of Russia has opened two credit lines for Mikhailovsky GOK (a part of METALLOINVEST) totaling RUB 50 billion with a maturity date in three years.
METALLOINVEST Deputy CEO and CFO, ...
2012-08-09 10:08:00 Q2 2012 Operational Results - Clarification
Further to its announcement of Q2 2012 operational results, EVRAZ plc wishes to clarify the following:
In Q3 2012, crude steel production by the Russian steel mills is expected to increase by 2% compared to Q2 2012. In Q3 production volumes will be affected by the following:
1) in ...
2012-08-08 11:16:25 EVRAZ Q2 2012 operational results (highlights)
EVRAZ plc released its operational results for the second quarter of 2012.
HIGHLIGHTS Q2 2012 vs. Q1 2012:
Consolidated crude steel production decreased by 6%, mainly due to scheduled capital repairs, maintenance work and modernisation at Russian steel mills;
The share of finished ...
2012-08-08 10:25:22 Chelyabinsk Zinc Plant announces H1 2012 production results
Chelyabinsk Zinc Plant, Russia’s largest producer of zinc and zinc alloys, is pleased to announce its production results for the six months ended June 30, 2012. Chelyabinsk Zinc Plant (CZP) produced 81,247 tonnes of salable SHG zinc and zinc basedalloys in H1 2012, a decrease of 1% as ...
2012-08-07 11:48:14 METALLOINVEST becomes sponsor of FC Zenit
METALLOINVEST announced that it has become official sponsor of the St. Petersburg-based football club Zenit for the 2012-13 season.
Eduard Potapov, Chief Executive Officer of MC METALLOINVEST, commented: “Partnering with Zenit football club is yet another way for our Company to ...
2012-08-06 15:43:56 OMZ Special Steels receives Germanischer Lloyd certificate
OMZ Special Steels, part of OMZ Group, has successfully passed certification of forging for shipbuilding and machine building, organized by Germanischer Lloyd (GL) classification society. According to the results of certification company was granted approval certificate for production of ...
2012-08-06 11:31:02 Q2 2012 RAS financial results for Novolipetsk and its major Russian subsidiaries
• Improved financials for Novolipetsk
In Q2 2012 NLMK revenue increased 4% q-o-q driven by higher product prices coupled with stable sales. Y-o-y revenue climbed 3% as sales grew 15% while prices dropped 6% y-o-y and share of semi-finished products in total sales increased. The growth ...
2012-08-03 10:06:00 Severstal-Metiz informs about personnel changes in Volgograd
Mr. Boris Ivanchenko, former Technical Provision Director of branch “Volgogradskiy” JSC “Severstal-Metiz”, will succeed Mr. Vladimir Petrovich as Managing Director. We would like to remind that Mr. Petrovich, who has been holding this position in Volgograd for the last ...
2012-08-03 10:01:00 Norilsk Nickel brings down contaminant emissions
Norilsk Nickel informs of the progress made in optimizing water consumption and lowering the volume of effluents discharged into surface water bodies.
In 2012 the Company is going to implement a set of measures aimed at lowering any possible impact on water bodies, among them ...
2012-08-02 10:54:01 International steel companies keen on Russian market
International steel companies became more active in booking spaces at Metal-Expo’2012 i n the last decade of July before summer vacation to ensure the best possible space locations for their expositions. Most probably such keen interest is above all stipulated by Russia assessing WTO ...
2012-08-02 10:02:00 Memorandum of understanding
In development of solution made by Russian-Vietnam intergovernmental committee in trade-economic and research-scientific cooperation, in the presence of Vietnamese President Truong Tan Sang, Vietnamese state corporation Vietnam National Coal-Mineral Industries (Vinacomin) signed а Memorandum ...
2012-08-01 10:23:13 Mechel reports 1H 2012 operational results
Mechel , one of the leading Russian mining and metals companies, announces 1H 2012 operational results.
Production and sales for 1H 2012
Production:
Product name ...
2012-08-01 10:01:00 Norilsk Nickel carries out construction of ventilation shaft at Taimyr mine
Norilsk Nickel announces implementation of a large project aiming to restore mineral resource base of the Company’s Polar Division – construction of ventilation shaft No.7 (VS-7) at Taimyr mine.
Construction of the main secondary substation No.75 is completed. In August, it ...
2012-07-31 10:35:13 En+ and EDB Agree To Pursue Energy Partnership
En+ Group and Eurasian Development Bank (EDB) agreed on a partnership to pursue potential projects in the electric power industry. Artem Volynets, CEO of En+ Group, and Igor Finogenov, Chairman of the EDB, signed a memorandum of cooperation at the Saint Petersburg International Economic ...
2012-07-31 10:21:22 Cancellation of 169 982 695 shares
OAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, announces the cancellation of 169 982 695 shares. This completes the Company’s programme, initially announced on February 29 2012, to transfer and cancel a number of treasury ...
2012-07-30 10:01:00 NLMK commissions new generation Blast Furnace #7
NLMK, the leading global steelmaking company, today announced the successful completion of guarantee tests and the subsequent commissioning of its new 3.4 mtpy Blast Furnace #7 (BF-7). The total value of the project exceeded RUR 43 billion.
The new blast furnace is the first to have ...
2012-07-30 10:01:00 METALLOINVEST announces operational results for Q2 2012
METALLOINVEST, a leading global iron ore and HBI producer based in Russia, today announces its operational results for the second quarter of 2012.
In Q2 2012, the Company’s iron ore production reached 10.0 mn tonnes, representing a 1.4% q-o-q increase.
The Company’s ...
2012-07-30 10:01:00 Norilsk Nickel enlarged its river fleet with a new tug boat
Norilsk Nickel (hereinafter, MMC Norilsk Nickel or the Company) reports on signing delivery and acceptance certificate in the city of Bor located in Nizhny Novgorod region for river tug boat built by Nizhny Novgorod Motor Ship Plant for the Company.
This is the second tug boat, built at ...
2012-07-27 10:04:00 VSMPO and Messier-Bugatti-Dowty extend long term supply agreement
Russian titanium VSMPO – AVISMA Corporation (VSMPO) announced that it has agreed with Messier-Bugatti-Dowty (Safran group) on an amendment of their existing long term contract for titanium forgings and value-added processing.
Under the terms of the amended contract, VSMPO will ...
2012-07-27 10:01:57 Severstal to produce new pipes for Gazprom
The Izhora Pipe Mill, which specializes in large diameter pipes production using strip produced by CherMK (Severstal Russian Steel), and Gazprom have signed a long-term scientific and technical cooperation program.
The program scheduled for 2012-2016 will focus on production of tubular ...
2012-07-27 10:01:00 METALLOINVEST assigned ‘BB-’ rating with a positive outlook by S&P
METALLOINVEST, a leading global iron ore and HBI producer based in Russia, announces that the Company was assigned ‘BB-‘ long-term corporate credit rating by Standard & Poor’s Ratings Services with a Positive outlook.
In the published statement Standard & ...
2012-07-26 10:01:00 EVRAZ Suspends Operations of its South African Mill
EVRAZ announces the temporary suspension of operations at EVRAZ Highveld Steel and Vanadium (South Africa) following the start of an industrial action announced by EVRAZ Highveld’s largest union NUMSA.
The action stems from a notice issued by the Company regarding possible ...
2012-07-26 10:01:00 Update on transfer and cancellation of treasury shares
The Board of Directors of OAO Seversta, one of the world's leading vertically integrated steel and steel-related mining companies, has approved the finalization of the programme for the transfer and cancellation of treasury shares as previously announced on February 29, 2012. The programme ...
2012-07-26 10:01:00 Norilsk Nickel signed a memorandum of understanding
Vladimir Strzhalkovsky, General Director – Chairman of the Management Board of OJSC MMC Norilsk Nickel signed an understanding memorandum with Gianfelice Rocca, Chairman of «Techint Group» (Italy).
The Memorandum was signed in the presence of Dmitri Medvedev, Chairman ...
2012-07-25 10:11:12 VSMPO-AVISMA and Shanghai Aircraft Manufacturing have signed Long Term Contract
VSMPO-AVISMA Corporation, the Russian manufacturer of titanium, aluminium and steel mill products, open and closed die forgings and rough machined parts, and Shanghai Aircraft Manufacturing Co. Ltd.(SAMC), final assembly and manufacturing center of COMAC and one of COMAC's three key centers, ...
2012-07-25 10:07:09 Izhorskiye Zavody produces another hydrocracking reactor for Tuapse refinery
Izhorskiye Zavody, part OMZ Group, successfully complete production of hydrocracking reactor for Tuapse refinery. The reactor weighs more than 600 tons.
It is the second vessel produced under the contract for the supply of equipment for Tuapse refinery, signed in 2010. As part of the ...
2012-07-24 10:25:10 Moody's reaffirms the credit rating of MMC Norilsk Nickel
MMC Norilsk Nickel is pleased to announce that having analyzed the Company’s current financial and operating performance the Moody’s Investors Service (hereinafter – Moody’s) reaffirmed its 'Baa2' rating assigned to the Company. Moody’s has changed its long-term ...
2012-07-24 10:22:24 MMK completes construction on cold rolling complex
Magnitogorsk Iron & Steel Works (MMK) launched the second stage of its new cold rolling complex today. President Putin attended the ribbon-cutting ceremony.
The complex, capable of producing 2 mtpa of finished products, will primarily produce high-quality cold-rolled and galvanized ...
2012-07-24 10:20:30 NLMK receives IR Magazine Russia and CIS awards
NLMK, the leading global steelmaking company, won second place in the “Grand prix for best overall investor relations” category among large cap companies at the 6th annual IR Magazine Russia and CIS Awards 2012. In addition, Sergey Takhiev, Head of IR at NLMK, won third place in ...
2012-07-23 12:37:02 RUSAL joins the China Non-ferrous Metals Industry Association
RUSAL, the world’s largest aluminium producer, is pleased to announce that the Company has become a member of the China Nonferrous Metals Industry Association (CNIA), which is the most influential national non-profit organisation in the PRC which represents the interests of non-ferrous ...
2012-07-23 12:35:39 Severstal wins Best Overall Investor Relations at 2012 IR Magazine Russia & CIS awards
OAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, has been named the winner in the Best Overall Investor Relations category for large cap companies at the IR Magazine Russia & CIS awards ceremony held on July 12, 2012 at the ...
2012-07-23 12:31:41 Mechel reports resumption of work at V.I. Lenina Underground Mine
Mechel, one of the leading Russian mining and metals companies, reports that work at V.I. Lenina Underground mine facilities was resumed fully.
Administrative suspension of mining at V.I. Lenina underground mine was lifted today by the Mezhdurechensk city court as the company met all the ...
2012-07-09 10:56:26 NLMK temporarily reduces pig iron production
Due to deterioration in demand in the pig iron market both in Russia and abroad in Q2 2012, starting from July 6, 2012 NLMK is idling its blast furnace (BF) #2 with a capacity of 0.8 mt/y (around 6% of the total pig iron capacity at the Lipetsk plant) for a period of up to 60 days.
This ...
2012-07-06 11:58:51 Rusal invest more than RUR170 million in Novokuznetsk smelter
UC Rusal announced the start of the casting facilities upgrade programme on the Novokuznetsk aluminium smelter (NkAZ), which will increase value-added production (VAP) output. Programme CAPEX is expected to amount to more than RUR170 million.
NkAZ casthouse #2 has completed ahead of ...
2012-06-22 10:01:55 Norilsk Nickel enhances cargo transportation efficiency
Norilsk Nickel announces that the Company’s cargo transportation efficiency has improved. Fleet modernization and further optimization of container transportation with respect to cargos shipped from Dudinka made it possible to improve performance specifications of the vessels and reduce ...
2012-06-22 10:01:00 Severstal North America hosts grand opening of newest steelmaking facilities
Severstal North America, one of the largest U.S.-based steel producers specializing in the full range of the high quality, light, flat-rolled products, is hosting a Grand Opening celebration of the company’s new steelmaking facilities in Dearborn, Mich.
Alexey Mordashov, CEO of OAO ...
2012-06-22 10:01:00 NLMK ranked second among World's 35 Most Competitive Steelmakers
NLMK Group, the LSE-listed leading steel producer, was awarded second place in the annual ranking of the 35 most competitive global steel producers. The ranking prepared by World Steel Dynamics, the world’s leading steel information service, was based on 23 parameters including level of ...
2012-06-22 10:01:00 RUSAL completed the first stage of Aluminium Division West modernization
RUSAL, the world’s largest aluminium producer, is pleased to announce the completion of the first stage of its Aluminium Division West modernization.
The modernization has resulted in a significant increase in the share of value-added products (VAP) across the Company’s three ...
2012-06-21 10:16:26 Norilsk Nickel announces the result of NordStar’s operations for three years
MMC Norilsk Nickel informs about implementation progress of own airline project. Three years ago, on June 17 2009, Taimyr Airlines (NordStar trademark) carried out its first flight from Moscow to Norilsk, starting regular flights on two of the most important routes for Norilsk: Norilsk-Moscow ...
2012-06-21 10:12:34 METALLOINVEST and Chelyabinsk Pipe-Rolling Plant strengthen partnership
METALLOINVEST, a leading global iron ore and HBI producer based in Russia, and Joint Stock Company Chelyabinsk Pipe-Rolling Plant (ChelPipe), intend to broaden their cooperation over the next three years. The parties have agreed to increase the delivery of flat steel products made by ...
2012-06-20 10:24:54 RUSAL and China Eximbank signed cooperation agreement on new project in Eastern Siberia
RUSAL, the world’s largest aluminium producer, and the Export-Import Bank of China, one of PRC’s largest financial institutions, have signed a cooperation agreement on RUSAL’s up to the USD850 million greenfield project in Eastern Siberia.
The agreement between RUSAL ...
2012-06-20 10:23:02 EVRAZ Holds Inaugural Investor Day
EVRAZ announces that it will host its inaugural investor day at 9.00 am in London today.
Presentations will be given by certain members of the Board of Directors, including Alexander Abramov (Chairman), Sir Michael Peat (Senior Independent Director) and Alexander Frolov (Chief Executive ...
2012-06-20 10:21:33 METALLOINVEST ruble bonds added to the Central Bank of Russia Lombard List
METALLOINVEST, a leading global iron ore and HBI producer based in Russia, today announces that all three series (01, 05 and 06) of its ruble bonds have been included in the Lombard List of the Central Bank of the Russian Federation.The Lombard List comprises the securities that can be used ...
2012-06-19 10:29:48 En+ Group announces 2011 results
En+ Group Announces 2011 Results
Revenue growth by 12% to $15.3 bn
Increased Output Across All Major Product Types
Broader resource base in Eastern Siberia
Setup of logistics business
Stronger positions on key Asian markets
First steps towards becoming a public ...
2012-06-19 10:17:48 Evraz announces results of the Annual General Meeting
The Annual General Meeting (the ‘Meeting’) of the Company was held on Monday 18 June 2012 at 11.00am. At the Meeting, the ordinary and special resolutions set out in the notice of the Meeting were proposed and passed by way of a poll. Resolutions 18, 19, 20 and 21 were passed as ...