Metallurgy news

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  • 2011-01-13 09:38:36
    VSMPO-Avisma to invest $250 million in 2011
    VSMPO-Avisma Corporation plans to invest in production development $250 million in 2011, said Michael Voevodin, Director General in his interview to the corporate edition of the company. According to investment program VSMPO-Avisma plans to invest $500 million in modernization till 2015. ...
  • 2011-01-13 09:16:35
    TMK announced fourth quarter and full-year 2010 production results and trading update
    TMK, one of the world’s leading oil and gas steel pipe producers, announced its production results for the period ending December 31, 2010. During 2010, TMK shipped a total of 3,969 thousand tonnes of pipes to customers, a 42.2% increase on the amount shipped in 2009. The ...
  • 2011-01-12 13:04:34
    Russian ferrous industry 2010 outlook
    January A. Fedorov, co-owner of ChTPZ Group headed the tubular division of the company. After that Sberbank opened the Group lines of credit for 10bn rubles. Severstal was granted a permission to build a mini-plant in the Saratov region. MMK shut down all Belon representative offices ...
  • 2011-01-12 09:40:00
    Russian non-ferrous industry 2010 outlook
    January The highlight of January was placing of Rusal IPO on Hong Kong and Paris exchanges. As a result Rusal gained more than $2bn. The first stage of modernization of the dressing mine of Kolskaya Mining and Metallurgical Company was completed. Katur-Invest (part of UMMC) produced 2 ...
  • 2011-01-12 03:15:28
    Mechel announces payment of dvidends based on 2009 fiscal year results
    Mechel announces a dividend payment (including taxes) of RUR 910,223,721.05 (approximately US$29.9 million as of December 31, 2010), based on the Company’s results for the 2009 fiscal year. Mechel has allocated a total of RUR 910,245,362.40 (approximately US$29.9 million *) ...
  • 2011-01-11 10:26:37
    Severstal acquires 100% of Crew Gold Corpotation
    Nord Gold N.V. (“Nord Gold”), a subsidiary of OAO Severstal (“Severstal”), announced today that it had acquired through a subsidiary all common shares (“Common Shares”) of Crew Gold Corporation (“Crew Gold”) that it did not already own at a ...
  • 2011-01-11 10:24:02
    Mechel announces management changes in Mechel Energo
    Mechel OAO, one of the leading Russian mining and metals companies, announces the appointment of Sergey Zorin as acting general director of Mechel Energo OOO. Victor Gvozdev is relieved from the post of Mechel Energo OOO’s general director due to a malfunction in the Southern ...
  • 2011-01-11 01:54:35
    Rusal and Ministry of Energy agree upon terms and conditions operation on the wholesale electricity market
    UC Rusal and the Ministry of Energy of the Russian Federation announce that the terms and conditions governing the purchase by the company’s smelters of energy on the wholesale market due to capacity location contracts entering into effect in Russia have been agreed. Rusal, through ...
  • 2010-12-28 23:16:18
    Norilsk Nickel plans to produce up to 235kt of nickel and 358kt of copper in 2011
    MMC Norilsk Nickel informs about preliminary results of the Board of Directors. The Board of Directors has approved key parameters of the Company’s budget for 2011. The budget covers all Russian operations of the Company and it does not include its international assets. ...
  • 2010-12-28 13:56:12
    Olcon obtained license for geological study of new reserve deposit
    Olenegorsk Iron Ore Complex (Olcon, a business unit within Severstal’s mining division) obtained a license for the right to use subsoils for geological studies at the Svintsovye Tundry (Lead Tundry) area, in the Murmansk Region in north-west Russia. The deposit spans 36.6 ...
  • 2010-12-27 17:45:36
    Mechel to open two representative offices
    Mechel announced the Board of Directors’ decision to open its official representative offices in the Southern Federal District and the Amur Region. The decision to open Mechel’s representative offices in the Southern Federal District’s city of Rostov-on-Don and the Amur ...
  • 2010-12-27 17:43:17
    Norilsk Nickel discusses purchase its 25% stake from Rusal
    MMC Norilsk Nickel (the Company) updates its investors, shareholders and all interested parties on latest developments regarding the offer to purchase 25% stake in the Company made by MMC Norilsk Nickel to UC Rusal on December 16, 2010. MMC Norilsk Nickel confirms its interest in this ...
  • 2010-12-24 11:36:05
    Rusal’s RDRs start trading on MICEX and RTS
    UC Rusal announced that the Company’s Russian Depository Receipts (RDRs) have started trading on MICEX (RUALR) and RTS (RUAL) stock exchanges today. Rusal has become the first company to launch a Russian Depository Receipts programme. The programme is aimed at improving the ...
  • 2010-12-24 10:01:00
    Evraz creates a joint venture consisting of EvrazMetall and INPROM Distribution Networks
    Evraz Group announces the closing of a deal to acquire 100% of the shares of Cassar World Investments Corp., which controls 99.9% of OAO INPROM, a leading metal service company in Russia. As a result, a joint venture consisting of the assets of EvrazMetall and INPROM has been created. Evraz ...
  • 2010-12-24 09:56:00
    Lebedinsky GOK passed environmental audit
    Environmental management system of Lebedinsky Mining and Processing Plant (Lebedinsky GOK, a subsidiary of METALLOINVEST Holding) has successfully passed a regular inspection audit to comply with the requirements of the international standard GOST R ISO 14001:2007. The audit has been ...
  • 2010-12-23 10:01:00
    Result of Severstal Extraordinary General Meeting
    Severstal, one of the world’s leading vertically integrated steel and mining companies, announces the results of voting on the resolutions proposed at the EGM held on 20 December 2010. The following resolutions were put to Severstal's shareholders at the EGM, and the results of ...
  • 2010-12-23 10:01:00
    MMK galvanized products meet Ford standards
    Magnitogorsk Iron and Steel Works (MMK) ensured conformity of its galvanized rolled products with requirements of Ford Motor Company Those requirements apply to car-making products shipped to Ford’s automotive plants worldwide. Corresponding standards are set forth with regard to ...
  • 2010-12-22 10:28:21
    MMK Mill 5000 produced 1M tons of hot rolled products since beginning of 2010
    Mill 5000, a unique hot rolling unit produced one million tons of hot rolled plates since the beginning of 2010. From January to November 2010, the mill manufactured 1.048 mln tons of hot rolled products including 117,900 tons of November output. Nikolay Lyadov, Sales Director of MMK, ...
  • 2010-12-22 02:22:07
    Rusal announced finalizing terms of US$300 million trade finance 
    UC Rusal announced that it has agreed the main terms and conditions of the trade finance line in the amount of up to US$300 million with a club of international banks. BNP Paribas, ING, Natixis, Credit Agricole, Societe Generale and UniCredit will act as the co-mandated lead arrangers for ...
  • 2010-12-22 00:27:20
    En+ Group and South Korean investors to develop Chinea Deposit
    En+ Group and a consortium of South Korean investors with participation of state-owned enterprise Korea Resources Corporation (Kores) have agreed to set up a Joint Venture (JV) in order to develop the Chinea polymetal deposit in the Zabaikalsky region in accordance with the term sheet signed ...
  • 2010-12-21 09:53:32
    Mechel launched of New Line at Beloretsk Metallurgical Plant
    Mechel announced the launch of a new production line for steel electrode copper-coated wire on December 18 at its Beloretsk Metallurgical Plant (BMP) subsidiary. The commissioning ceremony was attended by Plenipotentiary Presidential Representative in the Volga Federal District Grigory ...
  • 2010-12-21 09:46:25
    Titanium Valley to be established in Russia
    The government of Russia has confirmed the decision about establishing of the Titanium Valley special economic zone. The project initiator has become VSMPO-Avisma Corporation. Among potential residents of the Titanium Valley special economic zone are ARVI, SR Systematics Group, Mashprom, ...
  • 2010-12-21 01:18:41
    Norilsk Nickel to sell ADR Trafigura
    MMC Norilsk Nickel announced that it has entered into an agreements with Trafigura Beheer (Trafigura) to sell MMC Norilsk Nickel ADRs held by its wholly-owned indirect subsidiaries and representing approximately 8% of Norilsk Nickel's share capital. The sale further strengthens the ...
  • 2010-12-20 10:39:17
    Izhorskiye Zavody win a tender for production of petrochemical equipment for OAO TAIF-NK oil refinery
    Izhorskiye Zavody, a part of OMZ Group, has won an international tender for the production of petrochemical equipment for OAO TAIF-NK oil refinery (Tatarstan Republic, Nizhnekamsk). According to the contract Izhorskiye Zavody is to manufacture the DS-302 hydro treater unit, with weight ...
  • 2010-12-20 10:36:58
    KOKS Group Elects New Board of Directors
    Christoph Schaerer Appointed as Independent Chairman Kemerovo, Russian Federation - Open Joint Stock Company “KOKS” (“KOKS Group” or the “Company”) announced a newly elected Board of Directors following an extraordinary general shareholder meeting. The new ...
  • 2010-12-20 00:11:38
    Rusal ’s RDRs listed on MICEX and RTS
    UC Rusal announced that the company’s Russian Depository Receipts (RDRs) were listed on MICEX and RTS stock exchanges. The issue by Sberbank of the RDRs will commence on 23 December 2010 and trading on MICEX (ticker: “RUALR”) and RTS (ticker: “RUAL”) will ...
  • 2010-12-17 10:01:00
    OMZ Group R&D center included in the Top 10 Russian test labs list
    The Top 10 Russian test labs contest, organized by the Methods of Conformity Assessment magazine was launched in the beginning of 2010. Creators of the contest have devoted it to the 110th anniversary of American scientist Edward Deming, who is rightfully considered to be a father of the ...
  • 2010-12-17 08:37:47
    Norilsk Nickel want to buy its shares at Rusal
    MMC Norilsk Nickel addressed UC Rusal an offer on $12 bln acquisition of 25% stake in MMC Norilsk Nickel. The offer was discussed at the meeting of the Board of Directors of the Company and was supported by independent directors. The analysis of institutional investors’ and ...
  • 2010-12-16 10:52:21
    Rusal’s 2011 industry view and outlook
    Rusal is today presenting its review of the outlook for the global aluminium industry in 2011. Highlights: • Global demand for aluminium is expected to increase by 8% to 43.8 million tonnes in 2011 • Aluminium prices are forecast to be between US$ 2,400-2,500 per tonne ...
  • 2010-12-16 10:49:25
    Metalloinvest’s project on construction of indurating machine #3 at MGOK resumed
    Metalloinvest Holding, the largest iron ore producer in Russia and CIS, today announced that it has signed an agreement with the Ural Heavy Machinery Plant (Uralmashzavod) on supplies of the equipment and construction of the indurating machine #3 complex at Mikhailovsky Mining and Processing ...
  • 2010-12-16 10:46:06
    NLMK upgrades its transformer steel production
    VIZ-Stal LLC, a Yekaterinburg based subsidiary of NLMK, has successfully completed the construction of eight high temperature annealing furnaces for transformer steel production. The facilities, which are expected to be launched in December, will improve the electromagnetic properties of ...
  • 2010-12-15 10:01:00
    MMK looks to increase profitability and productivity by improving sales and operations planning process
    Magnitogorsk Iron & Steel Works, OJSC, (MMK) and GMCS announced the start of a project designed to create a sales and operations planning system using Supply Chain Planner from JDA Software Group, Inc., The Supply Chain Company. The innovation delivered through this new MMK project will ...
  • 2010-12-15 10:01:00
    Severstal and NMDC sign Memorandum of Understanding
    OAO Severstal, a leading vertically integrated international steel and mining company, and NMDC Limited, a Navratna Public Sector Undertaking under the Government of India announce that they have signed a Memorandum of Understanding (“MOU”) to establish a Joint Venture company to ...
  • 2010-12-15 10:01:00
    Norilsk Nickel completed registration of products exported to EU
    Norilsk Nickel has successfully completed registration of its products in compliance with the requirements of REACH Regulations, adopted in the European Union in December of 2006 and effective since 01.07.2007. The Regulations establish a new system of substances circulation on the ...
  • 2010-12-14 10:20:52
    Mechel announces launch of new U.S.-based coal processing plant
    Mechel, one of the leading Russian mining and steel companies, announces the launch of its U.S.-based subsidiary Mechel Bluestone’s newest coal processing plant for washing coal mined at the Keystone Operations near Keystone, West Virginia. The K2 plant, worth 12 million dollars in ...
  • 2010-12-14 02:45:29
    VSMPO-Avisma signed agreement with Universal Stainless
    VSMPO-Avisma Corporation has signed long-term conversion agreement with Universal Stainless & Alloy Products, USA (hereafter - Universal Stainless) that will supply bar to NF&M International (NF&M) – US subsidiary of VSMPO-Avisma. The NF&M International Inc. will add ...
  • 2010-12-14 00:37:28
    Metaloinvest continues decreasing its debt burden
    Metalloinvest Holding announced that its subsidiaries had made payments for those loans ahead of schedule in November. The amount paid in advance has totaled 7.6 billion rubles. Ural Steel has transferred 3.1 billion rubles to the Sberbank of Russia in account of its loan amortization. ...
  • 2010-12-13 10:57:44
    OMK Entities Receive Metal-Expo’2010 Medals
    Two United Metallurgical Company (OMK) entities, Vyksa Steel Works (VSW, Nizhni Novgorod Region) and Trubodetal (Chelyabinsk Region), have received medals awarded by the Metal-Expo’2010, the 16th International Industrial Exhibition that was held in Moscow during November 9–11, ...
  • 2010-12-13 10:22:10
    UC Rusal’s board lot reduced today to 1,000 shares
    UC Rusal announces that the board lot size for its shares for trading on the Hong Kong Stock Exchange will be changed from 6,000 to 1,000 shares with effect from 9:30 a.m. Hong Kong time today. Oleg Deripaska, CEO of UC Rusal said, “Since the board lot size was reduced from 24,000 ...
  • 2010-12-10 10:02:52
    Mechel to construct Complex for Portland Blast-Furnace Slag Cement Production
    Mechel announced launch of construction of complex for Portland blast-furnace slag cement production with 1.6 mln tonnes capacity by its subsidiary, Mechel Materials. The construction is held on the premises of Chelyabinsk Metallurgical Plant. The assembly works of the main manufacturing ...
  • 2010-12-10 09:57:23
    Rusal plans to create high-tech production
    UC Rusal has won the Ministry of Education and Science of the Russian Federation’s bid to develop a new method of production of aluminium alloy with rare earth and transition metals, as well as to develop efficient equipment for electrical wire rod production. Rusal will receive 110.25 ...
  • 2010-12-09 12:48:35
    Metal exchange can be launched in Ural
    The meeting between governmental officials and businessmen dedicated to establishing of a metal exchange in Ural has taken place in Chelyabinsk this week. According to Nikolay Vinnichenko, Representative of the President of Russia in the Ural Federal District establishing of the Ural, ...
  • 2010-12-09 11:07:54
    Norilsk Nickel prices sale of shares of Stillwater Mining Company
    Norilsk Nickel notes a press release by Stillwater Mining Company relating to the pricing of secondary offerings of shares of its common stock at $19.50 per share by its majority stockholder, Norimet Limited, a wholly owned subsidiary of Norilsk Nickel (the “Announcement”). Mr. ...
  • 2010-12-09 10:01:00
    Metal-Expo’2011 Program of Events (project) has been posted on the website
    Metal-Expo’2011 program of events (project) has been pasted on the official website of the exhibition. Next year new events will be added to the already traditional ones. An exposition of innovative developments for the steel industry which have received state grants will be arranged ...
  • 2010-12-08 13:01:28
    Rusal’s landmark RDRs programme registered at the FSFM
    UC Rusal announced that the issue and the prospectus of the Russian Depository Receipts (RDRs) programme of the company have been registered at the Russian Federal Service for the Financial Markets (FSFM). The maximum number of RDRs that may be issued under the RDR programme is ...
  • 2010-12-08 10:40:29
    OAO Koks once again recognized as leader in evironmental activity in Russia
    For the third time now, OAO Koks has been recognized as the winner of the Russia-wide contest, “Leader in Environmental Activity in Russia 2010”. The prestigious competition was held as part of the VI Russia-wide environmental conference, “New Priorities of National ...
  • 2010-12-08 10:32:37
    Gearboxes of new generation are designed at EZTM
    "EZTM" JSC specialists have designed the gearboxes of new generation TsKTs2-630 instead of the ones TsKTs2-1000 and the gearboxes TsKTs2-560 instead of TsKTs2-800. The basic boundary and linkage dimensions of all the 4 gearboxes are set out in the table. As is clear from the above ...
  • 2010-12-07 11:03:12
    Izhorskiye Zavody manufacture equipment for Novovoronezh NPP-2
    On November 30 2010 facilities 33 and 34 of Izhorskiye Zavody have successfully completed the acceptance tests of the reactor unit equipment manufactured for the first unit of Novovoronezh NPP-2, including: reactor vessel, upper unit and four casings of the main circulation pump. ...
  • 2010-12-07 10:58:27
    Hot dip galvanizing line was officially commissioned at the Cherepovets Steel Mill
    The commissioning ceremony was attended by Vologda oblast vice-governor, Nikolai Kostygov, Cherepovets’ Mayor Oleg Kuvshinnikov, chief executive officer of Severstal Russian Steel Division and General Director of Cherepovets Steel Mill “Severstal” Alexander Grubman. The ...
  • 2010-12-07 09:36:01
    Norilsk Nickel to restart mine processing plant in Australia
    MMC Norilsk Nickel announced launch of its asset in Australia – Lake Johnston, which mines sulphide ore and produces nickel concentrate. The decision was announced during business trip of the General Director of Norilsk Nickel – Vladimir Strzhalkovsky to the Company’s ...