Metallurgy news

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  • 2012-04-24 10:10:01
    Russian President Dmitry Medvedev supports implementation of “Renova” Group of companies “Stentex” project
    During a meeting with the Chairman of the Board of Directors of the “Renova” Group of companies, Viktor Vekselberg, President of the Russian Federation Dmitry Medvedev expressed his support for the idea of producing high-tech medical devices for interventional cardiology in ...
  • 2012-04-24 10:06:57
    Organizational changes within the structure and management of EVRAZ
    EVRAZ announces organizational changes in the Company’s management. In order to improve and intensify management of the key product groups the Company decided to establish a separate Division for Railway Products within EVRAZ to deal with production and sales as well as product ...
  • 2012-04-24 10:04:16
    Mechel reports implementation of long-term partnership agreement with BelAZ
    Mechel, one of the leading Russian mining and metals companies, reports acquiring 15 BelAZ mining dump trucks as part of a long-term partnership agreement signed by Mechel OAO and BelAZ OAO on November 28, 2011, during the session of the Supreme State Council of the Union State of Russia and ...
  • 2012-04-23 10:05:28
    EVRAZ U.S.$600 million note issue – prospectus approval
    The following prospectus was approved today by the Financial Services Authority in its capacity as competent authority under the Financial Services and Markets Act 2000: Prospectus dated 20 April 2012 relating to the U.S.$600,000,000 7.40% Notes due 2017 issued by Evraz Group S.A. ...
  • 2012-04-23 10:02:42
    MMK posted Board of Directors resolutions
    MMK announces that a meeting of the MMK Board of Directors was held on April 20, 2012. Resolutions passed by the Board are specified below. The Board issued a recommendation for the MMK Annual General Shareholder Meeting (AGM) to consider approving the Board-nominated Company Auditor. ...
  • 2012-04-20 16:03:50
    Severstal reports Q4 and FY 2011 financial results
    Severstal one of the world’s leading vertically integrated steel and mining companies, today announces its Q4 and FY2011 financial results. CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 DECEMBER 2011   $million, unless ...
  • 2012-04-20 10:08:15
    NLMK trading update for Q1 2012
    NLMK, the LSE-listed leading Russian steel producer, announces the following regular trading update for Q1 2012. OVERVIEW The Group's steel output increased 14% q-o-q to 3.6 million t, which corresponds to over 90% utilisation rate, as the new BF-7 at Novolipetsk (NLMK’s main ...
  • 2012-04-19 10:20:46
    Norilsk Nickel informs about the results of international tender on sulphur utilization
    Norilsk Nickel communicates the results of the international tender posted by the Company with the objective to decrease SO2 emissions, as part of the program aimed at gradual decrease of air emissions of Company’s metallurgical production facilities located in Norilsk (Polar Division ...
  • 2012-04-19 10:17:27
    EVRAZ priced U.S.$600 million Note Issue
    Evraz. has priced a five year U.S.$600 million note at a coupon rate of 7.40% per annum. The notes will be issued by Evraz Group S.A. The closing and settlement is expected to be completed on 24 April 2012. Evraz Group S.A. intends to use the net proceeds of the issue to refinance ...
  • 2012-04-18 10:13:21
    Severstal Board recommends dividend payment for 12 months to 31 December 2011 and announces date of Annual General Meeting
    The Board of ОАО Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, is recommending a dividend of 3.56 rubles (approximately $0.12) per share for the twelve months to 31 December 2011. Approval of the dividend is expected at the ...
  • 2012-04-18 00:48:41
    Rusal appointment new commercial director
    UC Rusal announced the appointment of Evgeny Ovchinnikov as Commercial Director of UC Rusal. Evgeny Ovchinnikov has been working for UC Rusal for over ten years, since April 2010 as the Director of By-products Sales Department in Commercial Directorate of Rusal. As Commercial ...
  • 2012-04-18 00:41:52
    Danieli to build plant in Russia
    Italian Danieli Group plans to build an engineering plant worth 50 millio Euro in Russia. It will be located on the outskirts of Dzerzhinsk, the Nizhny Novgorod region. The plant should be launched by May 2013. The facilities will include up to 40,000 sqm of workshops, providing a total ...
  • 2012-04-17 10:15:58
    Norilsk Nickel doubles the funding allocated to improvement of workpalce social conveniences program
    Norilsk Nickel plans to allocate RUB 628 mil. in 2012 towards improvement of workplace social conveniences program, which is more than twice the amount allocated in 2011 (RUB 276 mil.). The program has been functioning at the Group’s subsidiaries for several years and constitutes ...
  • 2012-04-17 10:07:46
    Mechel announces prolongation of VTB Bank credit facilities
    Mechel, one of the leading Russian mining and metals companies, announces the extension of credit facilities totalling 13.6 billion rubles (approximately 462 million US dollars*) previously obtained from VTB Bank for Mechel’s enterprises. Subsidiaries of Mechel Mining, which is ...
  • 2012-04-16 10:22:44
    MMK filed appeal with Arbitration Court of Chelyabinsk Region to challenge injunction relief order
    MMK announces that MMK filed an appeal with Arbitration Court of Chelyabinsk Region to challenge the injunction relief order issued by the court in support of the legal action brought in by MMK’s minority shareholder Elena Egorova. On April 2, 2012 MMK was notified that a minority ...
  • 2012-04-16 10:12:00
    TMK ships new casing for Zarubezhneft to Latin America
    TMK, one of the world's leading producers of tubular products for the oil and gas industry, ships a new type of casing with TMK PF premium connections to Russian state-owned oil company Zarubezhneft. The high-strength casing of the special High Collapse series (resistant to external ...
  • 2012-04-13 10:28:35
    Color coating line No. 2 at the Cherepovets Steel Mill reaches design capacity
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its steel production unit, the Cherepovets Steel Mill achieved the design capacity of its second color-coating line (CCL-2) with annual production capacity of 200 ...
  • 2012-04-13 10:26:28
    Arbitration court of Chelyabinsk Region denied MMK’s motion to lift injunction relief banning MMK to finalize acquisition of Flinders Mines Ltd.
    MMK announces that Arbitration Court of Chelyabinsk Region has denied MMK’s motion seeking a discharge of the injunction relief order issued in support of the legal action brought by MMK’s minority shareholder Elena Egorova. Ms. Egorova has been challenging the legitimacy of the ...
  • 2012-04-12 10:22:01
    Results of Severstal extraordinary General Meeting
    As announced on 29 February 2012, Severstal’s Board of Directors passed a resolution to convene an EGM to approve the cancellation of 170 million Severstal shares through the legal procedure of a public cash tender offer (the "Offer"), as required by the Russian JSC law. For ...
  • 2012-04-12 10:20:43
    MMK obtains approval for two more joint implementation projects under the Kyoto Protocol
    Russian Economic Development Minister Elvira Nabiullina signed off on a list of projects that qualify for implementation under Article 6 of the Kyoto Protocol, including two projects being run by Magnitogorsk Iron and Steel Works: MMK is introducing electric arc furnace (EAF) production ...
  • 2012-04-11 10:14:22
    Severstal completes transaction to consolidate 100% ownership of Severstal Liberia Iron Ore Ltd.
    OAO Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, today announces it has completed the transaction to acquire the remaining 38.5% minority interest in Severstal Liberia Iron Ore Ltd. (“SLIO”) – a British Virgin ...
  • 2012-04-11 10:13:08
    Notice of NLMK AGM and Dividend recommendation
    NLMK, a leading Russian steel company, today announces the results of the meeting of the Board of Directors. The Board has approved the AGM agenda and recommended dividends for FY2011. AGM agenda Board of Directors took the decision to hold the Annual General Shareholders' Meeting on 30 ...
  • 2012-04-10 10:27:48
    Norilsk Nickel: environmental protection activities of the Polar division in 2011
    Norilsk Nickel announces the results of environmental protection activities carried out by the Company’s Polar Division in 2011. In order to protect the environment, MMC Norilsk Nickel upgrades its existing production facilities, introduces new technologies and implements ...
  • 2012-04-10 10:26:00
    Renova Group of companies signed agreement to sell Natur Produkt International to strategic investor
    The "Renova" Group of companies has signed an agreement to sell 100% ownership of CJSC “Natur Produkt international”, a pharmaceutical company, to Valeant Pharmaceuticals International (NYSE: VRX; TSX: VRX). The deal is worth USD 180 million, with the condition of a ...
  • 2012-04-10 10:18:59
    Severstal is approved to receive financing under Kyoto Protocol
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its environmental projects that enabled the company to cut greenhouse gas emissions by 4.7 million tons in 2008 through 2012 have been approved by the Ministry of ...
  • 2012-04-09 10:24:49
    Norilsk Nickel will invest around RUB 1.6 bln. in recreation programs for company employees and their families
    In 2012 MMC Norilsk Nickel (further, MMC Norilsk Nickel or the Company) will invest around RUB 1.6 bln. in recreation programs for its employees and their families. Over RUB 1.12 bln. will be allocated for health resort treatment programs, around RUB 173 mln. will be invested in recreation ...
  • 2012-04-09 10:23:44
    VSMPO and Boeing Extend Long Term Supply Agreement
    VSMPO – AVISMA Corporation (VSMPO) announced that it has agreed with The Boeing Company (Boeing) on an amendment of their existing long term contract for titanium mill products, providing for a three year extension of the contract term through the end of December, 2018. Under the ...
  • 2012-04-09 10:15:35
    TMK tubing with premium connections receives ISO 13679 CAL IV certification
    TMK, one of the world's leading producers of tubular products for the oil and gas industry, has successfully conducted certification of tubing with TMK PF premium connections in accordance with the ISO 13679 CAL IV standard. The tests were conducted at the Oil States Industries international ...
  • 2012-04-06 10:29:33
    Severstal increases deliveries to international automakers
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, following its updated development strategy that envisages, among other things, ramping up sales of added-value products, steps up deliveries of rolled metal products for international ...
  • 2012-04-06 10:27:48
    Mechel closed books on placement of stock bonds at total sum of 15bn rubles
    Mechel, one of the leading Russian mining and metals companies, announces the successful closure of the books for the placement of its BO-05, BO-06, BO-07, BO-11 and BO-12 series bonds. On April 4, 2012 Mechel closed the books for the placement of its BO-05, BO-06, BO-07, BO-11 and BO-12 ...
  • 2012-04-05 10:18:15
    Results of meeting of Board of Directors of MMC Norilsk Nickel
    The regular in-person meeting of the Board of Directors of OJSC MMC Norilsk Nickel took place. The following resolutions were adopted. The Board of Directors approved the list of nominees proposed for voting at the Annual General Meeting of MMC Norilsk Nickel by shareholders owing not ...
  • 2012-04-05 10:15:41
    Severstal receives US$360M outstanding debt repayment from Nordgold
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, has received a debt repayment of US$360 million from Nord Gold N.V. (“Nordgold”) (LSE: NORD). This repayment completes all debt arrangements between Severstal and ...
  • 2012-04-05 10:13:20
    Mechel receives Russia-Korea Business Award in Best Corporation Category
    Mechel, one of the leading Russian mining and metals companies, announces winning Russia-Korea Business Awards’ Best Corporation nomination. The award ceremony was held on April 3, 2012, in Seoul. The ceremony was attended by Russian Federation’s Deputy Minister for Economic ...
  • 2012-04-04 10:25:57
    RUSAL to receive refund of EU anti-dumping duties
    RUSAL, the world’s largest aluminium producer, announces that the European Commission has considered legitimate RUSAL’s claim for a refund of anti-dumping duties paid in 2008 on imports of silicon metal from Russia to the EU by the Company’s silicon producers, SKU LLC and ...
  • 2012-04-04 10:24:07
    Cherepovets Steel Mill Plans to increase investments in environmetal activities to1.25bn rubles in 2012
    ОАО Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its Cherepovets Steel Mill, part of the Severstal Russian Steel Division and one of the world's largest standalone integrated steelworks by capacity, plans to push up ...
  • 2012-04-04 10:20:56
    EVRAZ Announces Preliminary Unaudited Financial Results for 2011
    EVRAZ announces its preliminary unaudited financial results for the year ended 31 December 2011. 2011 Highlights: Financials: Consolidated revenue US$16,400 million (+22% vs. 2010) Consolidated adjusted EBITDA US$2,898 million (+23%) Net profit US$453 million (-4%) ...
  • 2012-04-03 10:35:47
    Chelyabinsk arbitration court issued order restraining MMK from implementing MMK Board of Directors’ Resolutions
    Open Joint Stock Company Magnitogorsk Iron and Steel Works (OJSC MMK) announced that on April 2, 2012 it was notified that a minority shareholder of OJSC MMK, Ms. Elena Egorova, brought an action to the Arbitration Court of Chelyabinsk Region (city of Chelyabinsk, Russian Federation) on March ...
  • 2012-04-03 10:33:20
    Severstal North America debuts its new culvert mobile application
    Severstal North America introduced its new Culvert mobile application. The app is an innovative, easy-to-use tool designed to help corrugated steel pipe (CSP) professionals work faster and smarter. It is now available for Apple iOS and Android devices. Developed in conjunction with the ...
  • 2012-04-02 10:38:36
    MMC Norilsk Nickel precedes developing territories of its presents
    MMC Norilsk Nickel is summing up the results of its participation in the long-term target program of Krasnoyarsk Territory on relocation of citizens of Norilsk and Dudinka to more favorable regions of the country. The program in line with the postulates fixed in the Quadripartite ...
  • 2012-04-02 10:35:41
    The most powerful excavator in Russia launched by IZ-KARTEKS
    Krasnobrodskiy coal strip mine successfully launched operations on its new EKG-32R excavator, produced by IZ-Karteks, which enters OMZ Group. EKG-32R has bucket capacity of 32 cubic meters and weighs 950 tonnes and is the most powerful “face power shovel”-type in the history ...
  • 2012-04-02 10:32:15
    Mechel reports resumption of work at Otelu Rosu Plant
    Mechel, one of the leading Russian mining and metals companies, reports that smelting production at Ductil Steel Otelu Rosu plant in Romania has resumed. Operations at Otelu Rosu’s smelting workshop, which were temporarily halted due a contingency situation following a malfunction ...
  • 2012-03-30 00:16:04
    Automotive fasteners demand can grow in Russia
    Several car plants could be built in Russia in the coming years. For example, Fiat-Chrysler plans to invest 32 billion rubles to build a plant in St. Petersburg. It is assumed that the new plant will be able to produce up to 120 thousand cars per year. Its rival Volkswagen is considering ...
  • 2012-03-23 10:55:33
    Izhorskiye Zavody complete check assembly of the reactor vessel internals for Belene Nuclear Power Plant
    Izhorskiye Zavody, part of OMZ Group, has successfully completed check assembly of VVER-1000 reactor vessel for the first power-generating unit at Belene NPP (Bulgaria). The results were checked by the commission composed of representatives from Belene, Hydropress Bureau, CJSC ...
  • 2012-03-23 10:51:26
    Andrey Klishas appointed member of the Federation Council
    MMC Norilsk Nickel (hereinafter referred to as MMC Norilsk Nickel or the Company) informs that Andrey Klishas, President of the Company, turned in on March 19 a resignation request due to a transfer to another appointment. By the Order of the Governor of Krasnoyarsk Region, Andrey Klishas is ...
  • 2012-03-22 10:09:05
    OMZ-Special Steels upgrades its 6000 ton-force utomatic forging plant
    OMZ-Special Steels, part of OMZ Group, launched upgrade of its 6000 ton-force automatic forging plant AKK 6000 ts. Modernization of the AKK 6000 ts will be made in complex with major overhaul of all components and systems equipment. The combination of modernization and overhaul to avoid ...
  • 2012-03-22 10:07:35
    TMK IPSCO begins development of new premium facility in Canada
    TMK IPSCO, the North American division of global pipe manufacturer TMK, has begun development of a new 33,000 square-foot pipe threading and service facility in Edmonton, Alberta, Canada. The state-of-the-art production equipment at the facility will thread a full range of ULTRA™ ...
  • 2012-03-21 10:22:08
    Izhora Pipe Mill completes upgrade project worth over RUR 82M
    OAO Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its pipe production unit, the Izhora Pipe Mill (IPM), which specializes in the manufacture of large diameter pipes from strips produced by the Cherepovets Steel Mill, ...
  • 2012-03-21 10:16:03
    Mechel reports successful installation of new electric furnace at Bratsk Ferroalloy Plant
    Mechel, one of the leading Russian mining and metals companies, announces that a ferroalloy electric furnace was installed and the first smelting of ferrosilicon conducted as part of modernization of Bratsk Ferroalloy Plant of the group’s ferroalloys division. This is the first ...
  • 2012-03-20 10:28:33
    Metalloinvest announces the pricing of a 25 billion ruble bond issue
    Metalloinvest, a leading global iron ore and HBI producer based in Russia, today announces the pricing of a 25 billion ruble bond issue. On March 15, 2012 Metalloinvest Holding Company JSC closed the books for the placement of its debut non-convertible interest-bearing documentary bonds ...
  • 2012-03-20 10:25:51
    Norilsk Nickel selects contractors for modernization of power generation facilities
    Norilsk Nickel (hereinafter referred to as MMC Norilsk Nickel, the Company or the Group) speeds up modernization of the Company’s electrical power generation facilities located in Norilsk Industrial Area. From the beginning of this year, the Group has posted seven tenders for selection ...
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