2014-07-21 15:09:15 Severstal agrees to sell Columbus and Dearborn Facilities for US$2 325 million
Severstal one of the world’s leading vertically integrated steel and steel-related mining companies, announces it has entered into separate definitive transaction agreements to sell its Severstal Columbus, LLC and Severstal Dearborn, LLC subsidiaries, collectively known as Severstal ...
2014-07-21 10:47:17 EVRAZ ZSMK adopts pulverised coal injection technology
EVRAZ ZSMK has launched a pulverised coal injection unit for two of its blast furnaces. The unit's productive capacity amounts to 160 tons of pulverised coal fuel per hour, or about 1.3 million tons annually.
Investment for this project has exceeded 7 billion Rubles. ...
2014-07-14 11:21:50 Severstal increased production in Q2 2014
Severstal one of the world’s leading steel and steel-related mining companies, today announces its operational results for Q2 2014 and H1 2014.
Q2 2014 Group highlights
° Crude steel production increased 5% q/q driven by production growth both at the Russian Steel Division ...
2014-07-01 12:26:18 NLMK INCREASES ENERGY SELF-SUFFICIENCY
Specialists at NLMK Group’s Lipetsk production site have begun hot testing a new turbine generator which will enable the company to increase electricity generation by 11%, or over 370 million kWh. It will also reduce electricity expenses by 2.1%, or RUB 440 million per year.
The ...
2014-06-27 14:47:03 Sergey Stepanov Is Appointed the CEO of Raspadskaya Coal Company
EVRAZ plc has announced that the Open Joint-Stock Company “Raspadskaya” has appointed Sergey Stepanov as the Chief Executive Officer of Raspadskaya Coal Company (managing company of Raspadskaya) with effect from 1 July 2014. Sergey Stepanov will continue to serve as the Head of ...
2014-06-26 13:26:24 Metal Expo arranges 20th anniversary exhibition by September
The 20th anniversary exhibition Metal Expo 2014 will take place on 11-14th November at Moscow All-Russia Exhibition Center at halls 69 and 75.
Exposition will be fully arranged in July - August this year.
Some 700 companies from 35 countries will participate in the event, more than ...
2014-06-23 18:18:22 NLMK supplies OMK with 1 million tonnes of slabs for large-diameter pipes
Since 2012, as part of a long-term contract, NLMK Group (LSE: NLMK), a major Russian steelmaker, has supplied OMK Group (Unified Metallurgical Company), a leader in the Russian large-diameter pipe market, with over 1 million tonnes of slabs for the production of large-diameter pipes. ...
2014-06-20 06:00:04 TMK Announces Board of Directors Decisions
TMK announces that the Annual General Shareholders’ Meeting was held in Moscow on June 19, 2014.
Shareholders approved the annual report and financial statements for the 2013 financial year. Shareholders also elected the Board of Directors and the Revision Commission. They also ...
2014-06-19 12:18:04 Evraz starts rebar mass production in Kazakhstan
EVRAZ plc announces the start of mass production at its rolling mill EVRAZ Caspian Steel in Kostanay, Kazakhstan. The first lot of rebar from the new mill has been already delivered to customers.
The plant has a planned production capacity of 450 thousand tonnes of rebar per annum, ...
2014-06-06 20:50:53 RESULTS OF THE 2014 ANNUAL GENERAL MEETING
NLMK held its Annual General Meeting today. Shareholders voted to re-elect the Board of Directors, including three independent directors; to confirm Oleg Bagrin as the Group’s President, and to approve dividend payments of RUB 0.67 per share.
NLMK (LSE: NLMK) announces the ...
2014-06-06 20:48:30 VLADIMIR LISIN RE-ELECTED CHAIRMAN OF NLMK’S BOARD OF DIRECTORS
NLMK’s Board of Directors today held its first meeting since the Annual General Shareholders’ Meeting. Vladimir Lisin was elected Chairman of the Board, and Vladimir Skorokhodov was appointed Deputy Chairman of the Board.
The Board of Directors also approved a schedule for ...
2014-05-23 18:12:37 Rusal and Rosneft signed partnership agreement
UC Rusal and Rosneft announced the signing of a long-term agreement for the supply of petroleum coke and natural gas to Rusal’s plants. The document was signed by the CEO of Rusal, Oleg Deripaska and the President of Rosneft, Igor Sechin at the XVIII St. Petersburg International ...
2014-05-15 14:31:02 NLMK TO SUPPLY PRE-PAINTED STEEL FOR SAMSUNG WHITE GOODS PRODUCTION IN KALUGA
NLMK Group, a leading producer of steel and high-value added rolled products in Russia, has commenced supplies of pre-painted steel for production of ’white goods‘ by Korean conglomerate Samsung at their facility in Kaluga region.
NLMK is entering the niche ...
2014-05-15 11:11:17 Norilsk Niclel signed credit facility agreement with ING Commerical Banking
Norilsk Nickel (further, Norilsk Nickel or the Company) announces the signing of a US$ 200 million 5-year bilateral unsecured facility agreement with bullet repayment at maturity with ING Commercial Banking in Russia.
The proceeds will be used for general corporate purposes and as a ...
2014-05-06 15:55:14 UMMC and Gindre formed a joint venture
UMMC-Non-Ferrous Metals, a subsidiary of Ural Mining and Metallurgical Company (UMMC) and Gindre Duchavany, a subsidiary of the Gindre Group, formed a joint venture on Kolchuginsk Non-Ferrous Metals Plant (Vladimir region).
The new joint venture will produce conductors intended to ...
2014-05-06 10:52:16 KUZOCM boosted sales
In the first quarter of 2014 Kamensk-Uralsky Non-Ferrous Processing Plant (KUZOCM) increased of sales of products up to 1,021 tons which is 20.7 % more than in the same period in 2013.
In the total sales of the largest share still belongs to the brass rolled products - 52.1%, whereas ...
2014-04-28 13:09:06 NLMK and Posco Engineering & Construction enter into cooperation agreement
NLMK Group and Posco Engineering & Construction have singed a general agreement of strategic cooperation to jointly implement investment projects to modernize blast furnace, steelmaking and rolling operation at the Lipetsk production site.
Projects implemented as part of the ...
2014-04-24 16:50:17 VSMPO-Avisma restarted ferrotitanium production
VSMPO-Avisma Corporation restarted ferrotitanium output, which stopped in 2013. It plans to produce 300 tons of ferrotitanium till the end of April.
In September 2013 VSMPO-Avisma decided to suspend production of ferrotitanium. The reason was the situation in the European market: ...
2014-04-24 16:39:03 Recylex Group can build a recycling plant in Leningrad area
French-based Recylex Group is considering the implementation of the project of automotive and industrial batteries recycling in the Leningrad area, Russia. The delegation of Recylex Group top managers already held talks with the regional administration.
«In the Leningrad Area ...
2014-04-15 14:14:50 Norilsk Nickel signedbilateral unsecured credit lines for the total amount of US$ 750 million
MMC Norilsk Nickel (further, Norilsk Nickel or the Company) announces the signing of two bilateral 5-year unsecured facility agreements with ZAO UniCredit Bank and ZAO “Raiffeisenbank” for the amount of US$ 400 million and US$ 350 million correspondingly.
The funds will be ...
2014-04-09 07:08:15 NLMK brings premium products to the Russian market
NLMK Group is bringing new premium steel products to the Russian market – thick plate low-alloy abrasion-resistant Quard steel and structural high-strength Quend steel, both designed for use in the manufacture of construction and mining equipment and machinery.
NLMK Group is ...
2014-03-21 16:48:09 Quard and Quend: new high value added products developed by NLMK Clabecq
In October 2011, NLMK Europe launched the Quenching & Tempering Steel transformation line at the Clabecq site (Belgium). This was a strategic investment of more than EUR 100 million for NLMK Europe’s plate business unit.
Located in Ittre, Belgium, NLMK Clabecq produces ...
2014-03-21 15:17:55 New aluminum profiles production launched in Russia
Zlatoust Machine-Building Plant, Chelyabinsk area launched the aluminum profiles production today. This project was financed by Sberbank of Russia.
The extrusion line of capacity of 6,000 tons of aluminum profiles per year, the lines of their coloring and packaging, an automated ...
2014-03-20 16:23:12 Rusal and Omen to create joint venture
UC Rusal and Israeli company Omen High Pressure Die Casting (“Omen”), a specialist producer of automotive components from non-ferrous metals, announce the signing of a shareholder agreement to create a joint venture to produce automotive components.
The joint venture ...
2014-02-13 17:20:50 Chelyabinsk Zinc Plant received new shareholder
Chelyabinsk Zinc Plant (hereinafter – «CZP») has received notification, on 11 February 2014, from Ilya Sherbovich that as at 03 February 2014 he indirect held 8,379,789 ordinary shares in the Company. This represents 15.4621% of the existing issued share capital of CZP. ...
2014-02-03 06:09:34 Norilsk Nickel increased copper production
Consolidated copper production of Norilsk Nickel increased 0.6% q-o-q to 93 thousand tonnes in 4Q13. In 2013, Norilsk Nickel beat annual production guidance with 371 thousand tonnes of copper output, up 2% year -on-year.
This growth was mainly attributed to an increase in the volume of ...
2014-01-31 11:53:17 Norilsk Nickel plans to sale goldfields operations in Australia
Norilsk Nickel Australia, a subsidiary of Norilsk Nickel, has entered into a definitive agreement to sell its North Eastern Goldfields Operations in Western Australia (Nego) to Saracen Metals (Saracen), a wholly owned subsidiary of the Saracen Mineral Holdings a company listed on the ...
2014-01-28 15:33:00 Norilsk Nickel Joins Anti-Corruption Charter
Norilsk Nickel took the decision to join the Russian Anti-Corruption Charter for Business. The Charter aims at more energetic effort of the business community in the field of countering corruption in the corporate sector.
The basic principles of anti-corruption behavior of the ...
2014-01-27 13:47:26 Norilsk Nickel and BASF have entered PGM supply contract
Norilsk Nickel and the BASF chemical company have signed a large-scale long-term PGM chemicals supply contract. The contract was signed in BASF headquarters in Ludwigshafen, Germany.
Norilsk Nickel will deliver PGM chemicals to BASF production site in Europe. BASF will use them for ...
2014-01-24 17:19:42 Furnace Repairs Started at Nadezhda Plant
Scheduled 10-day long repairs of Flash Smelting Furnace No 1 (FSF-1) have been started at the Norilsk Nickel Polar Division Nadezhda Metallurgical Plant.
Flash Smelting Furnaces No 1 and No 2 are the chief units used in sulfide concentrate processing chain that yield converter matte ...
2014-01-24 15:31:26 Italian-made Manipulators Installed at Nickel Plant
Four new Italian-made Dalmec manipulators have been installed at Nickel Plant Electrowinning Workshop. Suction cup-outfitted manipulators can transport cathodes – sheets with accreted nickel – across the finished product batching process stage, which simplifies handling and ...
2014-01-22 15:11:56 OMZ Special Steels manufactured shell for VVER-TOI reactor
OMZ Special Steels, part of OMZ Group, successfully forged an ingot of 420 tonnes at an automated forging complex AKK-12000. The ingot was casted in the late December 2013 from the steel.
The forged shell was manufactured for active zone of VVER-TOI reactor developed by the general ...
2014-01-20 12:46:22 Pavel Shilyaev appointed acting CEO of MMK
Board of Directors of Magnitogorsk Iron and Steel Works (MMK) appointed Mr. Pavel Shilyaev acting CEO of the company.
Boris Dubrovsky, former MMK CEO, was appointed acting Governor of the Chelyabinsk Region (Southern Urals) by the Decree of the Russian president Vladimir Putin dated ...
2014-01-20 12:41:54 Severstal-SMC-Vsevolozhsk begins production
Severstal-SMC-Vsevolozhsk, a joint venture of Mitsui and Severstal, began production with its first 140 tonnes of blank metal parts.
Two production lines are currently operating as part of a trial at Severstal-SMC-Vsevolozhsk, producing cut-to-length rolled steel from feed metal ...
2014-01-09 11:31:34 Mechel appointed new CEO
Mechel announces the appointment of the company’s Senior Vice-President for Economics and Management Oleg Korzhov as Mechel’s Chief Executive Officer. This decision was approved by the company’s Board of Directors and is valid starting on January 1, 2014. Evgeny Mikhel, who ...
2013-12-30 07:17:58 Mechel closed deal on disposal of two assets
Mechel announced closing the deal for disposal of 100% shares in Voskhod Mining Plant (Khromtau, Kazakhstan) and Tikhvin Ferroalloy Plant (Tikhvin, Leningrad Region, Russia) to Turkey’s Yildirim Group for a total of US$425 million.
In accordance with the deal’s conditions, ...
2013-12-26 17:38:11 EVRAZ is expanding its’ supply of railroad products to Europe
VUZ, the European certificating authority for rail transport, has issued EVRAZ with a Compliance Certificate (TSI) for all rolled railway wheels with a diameter of 920 mm of design type BA 318. Being awarded this certificate, in conjunction with a compliance certificate showing that the ...
2013-12-24 11:59:44 Norilsk Nickel to pay dividend for 9 month of 2013
Extraordinary General Meeting of Shareholders (the EGM) of MMC Norilsk Nickel (MMC Norilsk Nickel or the Company) was held in Moscow on December 20, 2013. Following Board’s recommendations the EGM approved payment of interim dividends for 9 months of 2013 in the amount of RUB 220.7 ...
2013-12-23 11:08:02 OMZ-Special Steel cast giant ingot
OMZ-Special Steel, part of OMZ group, successfully produced a 420-tonne bar of 15X2HMFA class one steel. The ingot will be used in production of a normal experiment active zone shell for the next generation VVER-TOI reactor. The reactor was designed by Atomenergoproekt, the main developer ...
2013-12-23 10:12:52 Mechel signed agreemnts with Sberbarnk of Russia
Mechel Group announces signing agreements with Sberbank of Russia on restructuring a part of Mechel’s debt to the bank (25.5 billion rubles, approximately 773 million US dollars*). The Group’s obligations to the bank are extended by 5 years, with a grace period until the first ...
2013-12-17 18:27:31 New copper ores processing launched in Russia today
Russian Copper Company launched Mikheyevsky ores processing plant (hereinafter - Mikheyevsky GOK) in the Chelyabinsk area of Russia.
The new company will produce and process approximately 18 million tonnes and produce up to 63 thousand tons of copper in concentrate per year. ...
2013-12-16 17:55:09 NLMK Group appoints new Vice President for Sales
NLMK Group announces the appointment of Ilya Guschin as Vice President for Sales. Sergei Khorn, former acting Vice President for Sales, is appointed his deputy.
Ilya Guschin is responsible for coordinating NLMK Group’s sales divisions in order to enhance their efficiency. Service ...
2013-12-10 10:43:58 Mechel agreed on covenant holidays with Sberbank
Mechel announced reaching agreement on covenant holidays on bilateral credit lines from Sberbank of Russia amounting to 44.9 billion rubles (approximately 1.36 billion US dollars) until the end of 2014.
“We are grateful for Sberbank’s support of Mechel’s revised ...
2013-12-05 13:13:57 Russia may annual copper and nickel export duties
Russian government may abolish copper and nickel export duties in 2014, and to take other measures to support the steel industry companies, Russian media write.
According to the protocol of a recent meeting with the Prime Minister Dmitry Medvedev told a number of ministries to support ...
2013-12-05 08:11:25 Mechel agreed on covenant holidays with VTB
Mechel reached agreement on covenant holidays on bilateral credit lines from VTB Bank amounting to USD 1.8 billion until the end of 2014.
“This agreement once again demonstrates that VTB is one of our most longstanding and credible partners. We are thankful to VTB for many years ...
2013-12-04 11:31:57 OMZ Special Steels launched an accelerated cooling unit
OMZ Special Steels, part of OMZ Group, put into operation an accelerated cooling system for its press shop.
The new system is designed for differential (selective) heat treatment of rolls used in metalworks. The equipment provides heat treatment of rolls made of different steel grades; ...
2013-12-02 18:06:54 Auriant Mining reiterated forecast for 2013 production
Auriant Mining published interim report for the period from January to September 2013.
Consolidated revenue from gold and gold equivalents for 9 months 2013 increased by 95% to MSEK 230.3 (US$ 35.8 m) compared to 9 months 2012 in amount of MSEK 118.1 (US$ 18.1 m).
Total ...
2013-11-29 17:46:29 Rusal to invest EUR 4 mln in aluminium powder production
UC Rusal announced a plan to modernize the SUAL-Powder Metallurgy (Shelekhov, Russia) plant. The total project investment is estimated to be EUR 4 mln.
The plant is acquiring a classifier mill. The installation of the new equipment will result in an increase in production capacity of ...
2013-11-25 18:02:32 Mechel agreed on covenant holidays on $1 billion syndicated loan
Mechel announced today reaching agreement on covenant holidays on its $1 billion syndicated facility until the end of 2014.
The agreement was signed on behalf of a syndicate of leading international banks, including ING Bank, Societe Generale, UniCredit, Commerzbank, Raiffeissen Bank ...