2011-11-28 10:43:28 UC RUSAL enters into purchase agreement with NORINCO
UC RUSAL, the world’s largest aluminum producer, announced execution of a share purchase agreement with China North Industries Corporation (NORINCO) under which it has agreed to purchase a 33% stake in a company Shenzhen North Investments Corporation Limited (Shenzhen North ...
2011-11-25 16:36:54 EKG-15 excavator, produced by IZ-KARTEX launched to work
Bogatyr Komir coal mine (a joint venture of Kazakhstan’s Samruk-Energo and Russian company RUSAL, JSC, Kazakhstan, Ekibastuz) commissioned the new EKG-15 excavator produced by IZ-KARTEX, which enters OMZ Group.
This is the first Izhorsky excavator, shipped to the LLP Bogatyr Komir ...
2011-11-25 12:56:18 Sulzer acquires Hidrotecar S.A.
Sulzer company, part of Renova Group, has signed an agreement to acquire privately owned company Hidrotecar S.A. – pumps manufacturer. Sales revenue the acquired company in 2010 reached 13 million Euros. This acquisition will enable Sulzer Pumps to expand the range of products and ...
2011-11-25 12:47:51 Magnitogorsk Iron and Steel Works to Acquire 100% of Flinders Mines Limited
Magnitogorsk Iron and Steel Works, JSC announced the execution of a Scheme Implementation Agreement to effect the acquisition of Flinders Mines Limited (ASX: FMS) by MMK.
MMK has offered to acquire 100% of the issued shares in Flinders at $0.30 cash per share (“Offer”), ...
2011-11-24 11:26:35 Ronald Freeman awarded as one of the best Independent Directors 2011
Ronald Freeman, Independent Director and Member of the Audit Committee of OAO Severstal, has been honoured by the Independent Directors Association (IDA) and PricewaterhouseCoopers as one of the best in the nomination of Independent Director 2011.
Mr Freeman received the award at the ...
2011-11-24 11:24:11 Crontif-Center specialists visited Russian representative office of John Deere, US
A group of specialists from ZAO Crontif-Center paid a working visit to the Russian representative office of John Deere, an American company, in Domodedovo, a suburb of Moscow. The goal of the visit was to receive training in working with information systems that comply with the EDI and NCCA ...
2011-11-23 12:30:37 Vorkutaugol launched the implementation of up-to-date security communication system
Vorkutaugol (part of Severstal, JSC), launched implementation of the most modern security communication system – Flexcom. Within two years, the company plans to invest about 45 million rubles on system’s development.
Vorkutaugol mines will be among the first in Russia to ...
2011-11-23 10:58:06 NLMK’s annual report wins awards in two national contests
NLMK’s 2010 Annual Report has brought home multiple awards from recent national contests.
NLMK was recognized in five categories at the 9th Yearly Federal Contest of Annual Reports and Corporate Websites organized by Securities Market magazine in cooperation with the Federal Service ...
2011-11-23 09:30:00 UC RUSAL and Gazprom Neft signed long-term coke supply contract
UC RUSAL, world's largest aluminum producer, and JSC Gazprom Neft announced signing of the five-year supply contract for up to 1,000,000 tons of electrode petroleum coke. The contract comes into effect on 1 January 2012.
The coke is to be supplied by Omsk Refinery (Gazprom Neft ...
2011-11-22 11:15:15 Nevis Court strikes out UC RUSAL claim against Norilsk Nickel
MMC Norilsk Nickel, JSC announced that its indirect wholly-owned subsidiaries Corbiere Holdings Limited and Raleigh Investments Inc. have successfully defeated all claims filed against them by United Company RUSAL Plc and United Company RUSAL Investment Management LLC (together, ...
2011-11-22 10:47:11 Mechel Attended Metal Expo’ 2011 Annual Exhibition
Mechel JSC, one of the leading Russian mining and metals companies, reported its participation in the 17th International Industrial Exhibition Metal-Expo’ 2011, which was held at the All-Russia Exhibition Center in Moscow on November 15-18, 2011.
650 organizations from Russia, the ...
2011-11-22 09:24:00 NLMK won in Amsterdam court
On November 17, 2011 the Amsterdam Court ruled in favor of NLMK, dismissing Maximov's request for leave to enforce the arbitral award of the ICAC (Moscow) dated March 31, 2011, that was annulled by the decision of the Moscow Arbitration Court in April 2011.
The decision of the Amsterdam ...
2011-11-21 13:38:35 Metal-Expo'2011 finished ushering Metal-Expo'2012
The closing ceremony of Metal-Expo’2011 the 17th International Industrial Exhibition was held in Hall 75, The All-Russia Exhibition Center. A. Romanov, Co-Chairman of Metal-Expo Organizing Committee pointed out that the total of 650 exhibitors participated in the event and more than 200 ...
2011-11-21 12:35:03 UC RUSAL announced 2011 third quarter results
UC RUSAL, the world’s largest aluminum producer, announced its results for the third quarter ended 30 September 2011.
• Revenue increased by 16.8% to USD 3,162 million for the three months ended 30 September 2011, as compared to USD 2,708 million for the same period of 2010, ...
2011-11-21 12:21:37 NLMK Announced Consolidated Financial results 9M 2011 (US GAAP)
In Q3, the EU and US rolling assets, formerly part of the NLMK / Duferco JV, were consolidated on the Group’s balance sheet for the first time. The newly acquired assets, with approximately 6 million tons of rolling capacity, enabled the Company to improve its sales mix with a bigger ...
2011-11-21 12:16:26 Severstal Columbus Unveils $550 Million Phase II Facility Expansion
Severstal North America, a subsidiary of Severstal, JSC one of the worlds largest vertically integrated steel and mining companies, celebrated the Grand Opening of its Phase II expansion in Columbus, Miss.
The $550 million expansion project at Severstal Columbus will increase annual steel ...
2011-11-21 12:10:02 Mechel Reports Resumption of Mining at New-Olzherassk Underground Mine
Mechel, one of the leading Russian mining and metals companies, announced that coal mining at New-Olzherassk Underground mine has been resumed.
By the end of the year, New-Olzherassk’s section # 21-1-7 is planned to yield some 352,000 tons of coal. The long wall face’s ...
2011-11-11 14:11:32 Uraelektromed Improves Products Quality
Uralelectromed (part of UMMC) summed up the results of the carrying out the program on improving the products quality (copper cathodes, gold and silver in bars, copper powder etc.).
“The products we manufacture meet the customers’ requirements. This year’s polling ...
2011-11-11 09:45:00 Mechel Announces Obtaining 130-Million-Dollar Credit
Mechel JSC one of the leading Russian mining and metals companies, announced the signing of a long-term framework agreement with Sberbank of Russia on providing a loan to Mechel Trading AG.
Sberbank of Russia provides Mechel Trading AG with a framework credit line totaling 130 million US ...
2011-11-11 09:34:00 NLMK starts scheduled blast furnace #5 maintenance
On 16th November 2011, NLMK will start scheduled 35-day repair and maintenance works at its 2.6 mtpy BF-5 at the Company’s main production site in Lipetsk.
During this period, NLMK is planning to repair the furnace’s cooling system equipment.
These activities were ...
2011-11-10 10:45:08 Energoprom will present the latest carbon-graphite products at Metal-Expo’2011
From 15th till 18th of November, Moscow will host the 17th International Industrial Exhibition Metal Expo 2011 – the largest metallurgical forum in Russia and CIS.
One of the exhibition’s participants will be Energoprom, which will present the latest samples of carbon-graphite ...
2011-11-10 10:33:33 Asha Steel Works Increases Structure Steels Output
Low alloyed steels output grew 28% in Q3, 2011 as compared to the corresponding period in 2010. Structure and commercial steels output grew 59 and 5% respectively. Steel products dispatch volumes also grew as compared to the corresponding period last year.
V. Myzgi, Director for Production ...
2011-11-10 10:10:38 NLMK denies media allegations
In an article published on November 9, 2011 (“No sign of optimism” by Sergey Pletnev), the Gudok newspaper stated that NLMK was idling one of its blast furnaces due to lack of contracts for export deliveries to Europe. According to NLMK, this information is false.
Web-site of ...
2011-11-09 12:51:19 Magnesium industry is crisis transcend
Production of raw magnesium in Russia in the first nine months of 2011 increased by 21.4%, while alloys decreased by 25.4%, as evidenced by the data of Federal State Statistics Service.
In September the production of magnesium increased by 13.7%, compared y-o-y, magnesium alloys by 13.7%. ...
2011-11-09 12:42:02 The world’s largest steel-rolling company presents itself in Moscow
The world's largest steel producer ArcelorMittal, will present its capabilities at Metal-Expo’2011 the 17th International Industrial Exhibition in Moscow on 15-18 November.
Currently, ArcelorMitta l is the only company in the world with a production capacity exceeding 100 million ...
2011-11-09 11:50:28 Metallurgical and Machine-Building Companies from China to Exhibit in Metal-Expo’2011
35 Companies from China and other countries from south-east Asia are going to participate in the 17th International Industrial Exhibition Metal-Expo’2011 .
China (27 participating companies) ranks second among Metal-Expo’2011 international exhibitors. Chinese companies will ...
2011-11-08 11:50:01 The Russian government has changed the export duty on nickel
The Russian government set the rate of export duty on unalloyed nickel in the amount of $2117.8 per 1 ton, corresponding to a resolution, which was published in the Russian Newspaper on Monday.
In April, Russian government has introduced a progressive scale of export duties on nickel. The ...
2011-11-08 09:15:00 Record date for dividend payment for the first nine months of 2011
Severstal, JSC one of the world’s leading vertically integrated steel and steel related mining companies, announced that following the Board’s decision to call an EGM on 30 December 2011 to vote on the dividend payment for the first nine months of 2011 and approve the revised JSC ...
2011-11-08 09:00:00 MMK recertified Quality Management System
Magnitogorsk Iron and Steel Works, JSC successfully completed the recertification audit of quality management system in compliance with international standards ISO 9001:2008 and ISO/TC 16949:2009, as well as inspectional audit to meet the standard of STO Gazprom 9001:2006.
Within a week ...
2011-11-07 16:11:19 The expert council FAS discussed the current situation in metallurgy industry
The meeting of the Advisory Council of the Federal Antimonopoly Service (FAS Russia) took place to promote competition in the metallurgy field.
FAS Russia’s discussion of position on trade policy of metallurgical complex, as well as the work status on a Federal Law project “On ...
2011-11-07 16:08:14 UC RUSAL aluminum products registered at SHFE
UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX: RUALR, RTS: RUAL), world’s largest aluminum producer, announced the Shanghai Futures Exchange registration of RUSAL’s IRKAZ SUAL and RUSAL KH brands produced at the Irkutsk and Khakas aluminum smelters. The aluminum products are ...
2011-11-07 11:35:32 Admission to Listing and Trading on the London Stock Exchange
EVRAZ announced that acceptances have been received from the majority of holders of shares and GDRs in Evraz Group S.A. pursuant to the share exchange offer that was launched by the Company on 17 October 2011, and that the entire issued ordinary share capital of the Company has been admitted ...
2011-11-04 13:06:50 UC RUSAL entered the Community of electricity markets buyers
UC RUSAL, the world’s largest aluminum producer, joined the non-commercial partnership “Community of buyers of wholesale and retail electricity markets” (non-commercial Community of electricity markets buyers).
UC RUSAL is the largest electricity consumer in Russia, ...
2011-11-04 12:39:44 TMK celebrated its 10th anniversary
TMK, one of the world’s leading oil and gas steel pipe producers, held a series of corporate events, dedicated to the Company’s 10th anniversary. The celebrations were held in Sochi and consisted of many various events: Youth Scientific conference, corporate basketball tournament, ...
2011-11-04 11:59:02 Announcement of Extraordinary General Meeting
Severstal, JSC one of the world’s leading vertically integrated steel and steel related mining companies, announced that the Board of Directors have called an EGM to be held by absentee voting on December 30, 2011.
The following agenda for the EGM was approved by the Board:
1. ...
2011-11-03 12:32:17 Norilsk Nickel investments completed shares purchase offer
MMC Norilsk Nickel, JSC informed that its direct subsidiary Norilsk Nickel Investments Ltd. (NN Investments) completed its previously-announced offer to purchase issued and outstanding shares of common stock including American Depositary Shares (ADSs) representing Common Shares of MMC Norilsk ...
2011-11-03 10:30:58 METALLOINVEST re-elects the Board of Directors
METALLOINVEST, a leading global iron ore and HBI producer based in Russia, announces re-election of the Board of Directors.
METALLOINVEST’s re-elected Board of Directors comprises the following members:
Farhad Moshiri; Ken Сosta; Vadim Levin; Nikolai Krylov; Andrey Varichev; ...
2011-11-03 09:21:00 Luxembourg cancels arrest of SIF shares
On October 28, Palais de Justice, Luxembourg ruled to cancel the arrest that had been placed over the shares of Steel Invest and Finance (SIF) in June 2011 based on a claim from Nikolay Maximov.
Mr. Maximov’s claim was based on the decision of the International Commercial ...
2011-11-02 12:21:04 Production of titanium: growth and decrease at the same time
According to the Federal Statistics State Service, the production of the unprocessed titanium increased by 31% in September, reaching the same level (same month) last year. Whereas, semi-finished products on its base, such as wires, rods and profiles, increased by 28.4%. However, in ...
2011-11-02 11:50:53 The renovation of the filling machine 4 has been completed
In the blast-furnace plant Tulachermet, JSC the overhaul renovation of the filling machine number 4 has been completed. During the overhaul, which lasted for 8 days, machine’s main parts were replaced and repaired.
A large amount of repair works of electrical equipment was ...
2011-11-02 11:48:16 Production of stainless rolled products in Russia increased by 3.6%
According to expert assessment of the Association “Specstal”, the production volume of stainless rolled products in Russia in the period from January to September 2011, increased by 3.6% and amounted to 73052 tons, compared to the corresponding period in 2010.
Almost, all ...
2011-11-02 09:12:00 Severstal received GOSGRANT Support for Social Projects prize
Severstal, JSC one of the world’s leading vertically integrated steel and steel related mining companies, won the Support for Social Projects prize for its Road Home program at the 2nd Congress of Nonprofit Organizations of Russia and All-Russia Conference (GOSGRANT) awards. Experts ...
2011-11-01 11:24:49 NLMK expands secondary metallurgy capacity
Novolipetsk, NLMK’s main production site in Lipetsk, has commissioned a new 2 mtpa ladle furnace (LF). As a result, the Company will be able to expand its product mix and improve quality by reducing the amount of nonmetallic inclusions and sulfur in its steel to 0,001%.
An advanced ...
2011-11-01 10:07:08 UC RUSAL to invest into foil production
UC RUSAL, world's largest aluminum producer, announced a large-scale modernization program at its SAYANAL foil mill. Capital investments will reach around USD 7 million.
SAYANAL, Russia's largest producer of foil and foil package, has successfully completed the first stage of ...
2011-10-31 15:58:56 MMK summed up the results for innovative activity
The main contribution to the formation of science and technology policy and implementation of innovative activity in the MMK, JSC makes scientific and technical center. Its structure includes the Central Laboratory of plant’s control, patent-licensing group, and a research and ...
2011-10-31 10:55:45 Tatprof launched new press
Tatprof Company in cooperation with its European partners launched a new press complex. Its maximum capacity reaches 2.1 tons per hour allowing to extrude aluminum profiles up to 12 m in length. All finishing operations are fully automated.
As a result of launching the new press complex, ...
2011-10-31 10:22:45 Launch of the new quenching and tempering line at NLMK Clabecq plan (Belgium)
NLMK Europe Management team opened the new Quenching &Tempering Steel transformation line. This investment of over €100 million guarantees the sustainability of the NLMK Clabecq plant (Belgium).
This investment supports the NLMK Group’s strategy of development and ...
2011-10-28 16:06:00 Mechel Announced Launch of Biochemical Waste Water Cleansing Equipment at Mechel-Coke
Mechel JSC, one of the leading Russian mining and metals companies, announced the launch of a biochemical cleaning facility to treat phenolic waste water from Mechel-Coke Ltd.’s coke and chemicals production process.
Andrei Dementyev, Deputy Industry and Natural Resources Minister, ...