2011-08-17 15:37:33 IZ-KARTEX completes delivery of four electric shovels
IZ-KARTEX, a part of OMZ Group, will complete this August a number of deliveries of mining equipment to Sibirsky Antracit, Stoylensk mining and processing plant and Kazakhstan company TOO Bogatyr Komir.
According to the contract with Sibirsky Antracit, in 2011 IZ-KARTEX has manufactured ...
2011-08-17 10:18:13 Airbus and VSMPO-Avisma sign up to strategic collaboration
Airbus and VSMPO-Avisma Corporation signed a Memorandum of Understanding (MoU) for strategic collaboration on the manufacture and supply of value-added products, joint development projects and especially on the «Vertical Integration Project». This agreement further enhances the ...
2011-08-17 10:17:00 Metalloinvest and Rusfond to sign an agreement
Metalloinvest became the corporate donor of the Russian aid fund (Rusfond) of the publishing house "Kommersant". The Group donated in July 2 million roubles to support projects of the fund in 2011. The first joint project of Metalloinvest and Rusfond is the aid program for children ...
2011-08-16 15:13:37 VSMPO-Avisma and Rolls-Royce sign long-term contracts for the supply of titanium products
VSMPO-Avisma Corporation have signed three long-term agreements with Rolls-Royce for the period 2011 to 2015. The terms of each contract vary but extend the cooperation between the two companies which was established in 2000 with the signing of the first four-year Agreement.
According to ...
2011-08-16 10:57:30 Rusal and Sberbank agree on improving terms of the USD4.58 billion loan facility
Rusal and Sberbank of Russia announce reaching the agreement to improve the key terms and conditions of the loan facility of USD4.58 billion signed on 30 September 2010.
According to the amended terms, the debt maturity will be extended such that the debt will mature 5 years from the ...
2011-08-16 10:52:46 NLMK to hold Extraordinary General Meeting of Shareholders
NLMK’s Meeting of the Board of Directors, held on August 15, 2011, resolved to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of absentee voting. The deadline for the receipt of voting ballots was fixed at September 29, 2011.
The following agenda was ...
2011-08-16 10:25:51 Norilsk Nickel makes new offer to Rusal
The scheduled in-person meeting of the Board of Directors of OJSC MMC Norilsk Nickel (hereinafter: MMC Norilsk Nickel or the Company) took place today. The agenda consisted of a single item: announcement of the public offer to purchase securities of MMC Norilsk Nickel from the Company’s ...
2011-08-15 14:07:47 VSMPO-AVISMA Corporation to participate at MAKS-2011
VSMPO-AVISMA Corporation will participate at the 10th International Airspace show MAKS-2011, which will be held August 16 – 21, 2011 in Zhukovskiy.
The Corporation will demonstrate the titanium products for airplane and engine manufacturers at the exhibition, among which the ...
2011-08-15 10:25:43 TMK ships pipes with premium connections to Daewoo
TMK, one of the world’s leading oil and gas steel pipe producers, has shipped casing with TMK PF Premium Connections to Daewoo Energy Central Asia.
The product is intended for use in exploratory drilling program in Uzbekistan in 2011, which is being conducted by Daewoo Energy ...
2011-08-15 00:01:44 Russian Government plans to change copper export duty
On August 11, 2011 First Deputy Prime Minister Viktor Zubkov held a meeting of the Sub-Commission for Customs Tariff and Non-Tariff Regulation and Protective Measures in Foreign Trade under the Government Commission for Economic Development and Integration.
The meeting participants agreed ...
2011-08-12 10:31:57 Norilsk Nickel publishes IFRS 2010 financial statements
MMC Norilsk Nickel, the world’s largest producer of nickel and palladium, announces publication of Consolidated Financial Statements for FY 2010 prepared in compliance with international standards.
MMC Norilsk Nickel’s Financial Statements available on the Company’s ...
2011-08-12 10:28:01 Russian Chapel – symbol of tolerance and friendship
A traditional ceremony at the Russian Chapel under the Vrsic pass was carried out, in a spirit of respectful friendship and cooperative enthusiasm between Slovenia and Russia. Several politicians and business people attended the event, including the Russian co-owners and the President of the ...
2011-08-11 10:14:14 RUSAL announces winners of the “Making Friends with Russia” contest
UC RUSAL the world’s largest aluminium producer, is pleased to announce that the gift presentation for “Making Friends with Russia” Contest was successfully held yesterday. The contest attracted participation from 1,157 Facebook users, with most participants correctly ...
2011-08-11 10:10:56 NLMK Group completes notification procedures in accordance with Turkish laws
NLMK Group companies, Novolipetsk and Altai-Koks, have duly completed notification procedures in accordance with the newly adopted Turkish legislation on control over chemicals.
A notification file for the Group’s products, namely pig iron and ammonia sulfate, was prepared similar ...
2011-08-10 16:44:49 VEB is to offer credit for building of Taishet Aluminium Plant
Supervisory Board of Vnesheconombank (VEB) approved a credit to UC Rusal for building of Taishet Aluminium Plant. UC Rusal will receive 40 billion roubles (aprroximately $1.360 bullion) during 15 years.
In 2006, Rusal began construction of a 750,000 tonnes-per-annum greenfield aluminium ...
2011-08-10 10:25:16 Conversion and completion of redemption of convertible bonds due 2014
Evraz Group S.A. announces that, further to its announcement on 24 June 2011, all the remaining outstanding convertible bonds due 2014 being US$100,000 in aggregate principal amount were redeemed on 4 August 2011. Earlier US$649,900,000 in aggregate principle amount of bonds were converted ...
2011-08-10 10:22:53 Mechel announces JORC summary of ore reserves and resources
Mechel OAO, one of the leading Russian mining and metals companies, announces a JORC summary of its ore reserves and mineral resources as of May 1, 2011.
Based on the review prepared by IMC Group Consulting Ltd., the total JORC Equivalent Coal Ore Reserves and Resources as of May 1, ...
2011-08-09 10:09:16 NLMK invests in new equipment to increase cold-rolled steel production
NLMK has signed a EUR10.4 million contract with LOI Thermprocess GmbH, Germany, for 23 bell type annealing furnaces with an aggregate capacity of 480 ktpy to anneal low-carbon coils at the Group’s main site in Lipetsk. This project is part of the Company’s plan to increase ...
2011-08-09 10:06:15 MMK launches JDA® SCP based productive-economic planning system
Magnitogorsk Iron and Steel Works OJSC (”MMK”), and GMCS Company today announced the pilot commissioning of a productive-economic planning system based on the JDA® Supply Chain Planner.
The project is intended to optimize production and economic operations, which is a key ...
2011-08-08 11:17:21 Russian magnesium and titanium manufacture goes up
In first half of 2011 magnesium production in Russia rose by 18.9% compared to the corresponding period of 2010, however magnesium alloys output dropped by 37.4%.
In January-June 2011 titanium and titanium semi-products production tended to rise: titanium output grew by 29.9%, titanum ...
2011-08-08 10:27:04 Mechel announces financial lease contract for mainline diesel locomotives
Mechel OAO, one of the leading Russian mining and metals companies, announces the signing of a three-party contract between Mecheltrans Vostok OOO, Sinara-Transport Machines OAO, and VTB Leasing OAO for development, production and delivery of TEM-8 type locomotives.
The contract ...
2011-08-08 10:24:44 EVRAZ to expand portland tubular operations to supply growing North American energy sector
EVRAZ announces plans to expand EVRAZ Inc. NA’s structural tubing facility in Portland, Oregon, to add capacity to manufacture American Petroleum Institute certified (API) pipe. This multi-million dollar investment will position EVRAZ to meet the growing demand for oil country tubular ...
2011-08-05 10:39:25 Mechel Announces appointment of Mechel-Energo OOO Chief Executive Officer
Mechel, one of the leading Russian mining and metals companies, announces the appointment of Anatoly Merzlyakov as the new Chief Executive Officer of Mechel-Energo OOO. Mr. Merzlyakov replaces Sergei Zorin, who was acting chief executive officer.
Anatoly Merzlyakov, 59, will continue to ...
2011-08-05 10:37:04 VSMPO-Avisma Corporation purchased Neftprominvest
VSMPO-Avisma Corporation purchased 100% participatory interest in Neftprominvest registered capital.
NeftprominvestT is owned by Titan Mining Company, LLC having a license for exploitation of Central deposit in Tambov district.
In May Federal Anti-monopoly Agency granted ...
2011-08-04 00:13:20 Mechel Announces Payment of Dividends Based on 2010 Fiscal Year Results
Mechel OAO, one of the leading Russian mining and metals companies, announces a dividend payment (including taxes) of 7,270,817,107.14 rubles (approximately 261.39 million US dollars*), based on the Company’s results for the 2010 fiscal year.
Mechel OAO has aсcrued a total of ...
2011-08-03 10:36:33 NLMK creates US and European business divisions
Following the acquisition of the rolling business of Steel Invest and Finance (formerly a joint venture between NLMK and Duferco Group) on July 1, 2011, NLMK announces the creation of its new business divisions - NLMK Europe and NLMK USA.
NLMK is also pleased to announce the new ...
2011-08-03 10:32:34 EVRAZ is increasing its 2Q 2011 EBITDA guidance
EVRAZ announces today that it is increasing its EBITDA guidance for 2Q 2011 to US$875-950 million from a previously announced guidance range of US$750-825 million.
The increase in guidance reflects higher than expected steel prices, a later than expected increase in the cost of iron ore ...
2011-08-02 10:26:56 Drilling of new mineshaft has begun at Gubkin mine
Ceremonies marked the start of drilling and construction of a mineshaft for grassing ferrigenous quartzite from a depth of 250 meters. Over the past 10 years, miners have worked with scientists to find new paths of development. The discovery of colossal reserves at lower depths led to the ...
2011-08-02 00:59:28 UC Rusal mandates banks to arrange syndicated finance facility
UC Rusal announced that the сompany has issued a mandate to arrange an up to USD 4.75 billion syndicated finance facility. The facility proceeds will be primarily used to take out the outstanding debt under the International Override Agreement.
The mandated banking group includes BNP ...
2011-08-01 11:14:50 The EAF halted as a result of the incident
The Electric Arc Furnace (“EAF”) halted as a result of the incident is expected to be brought back online in December 2011. The negative impact of the incident on the Long Steel Division’ billets output is estimated at 450,000 t in 2011. The unit started third-party billet ...
2011-07-29 11:00:22 Severstal Columbus signs $350 Million revolving credit facility
Severstal Columbus, LLC has signed a $350 million syndicated revolving credit facility. The proceeds of the committed facility will be used for working capital, general corporate purposes and to refinance the existing $150 million revolving credit facility. The $350 million facility has a ...
2011-07-28 10:09:53 Steel Capital S.A. closes issue of loan participation notes
On 26 July 2011 Steel Capital S.A. with the registered office at 2, Boulevard Konrad Adenauer, L-1115 Luxembourg, Grand Duchy of Luxembourg has announced the successful closing and issuance of its US $500 mln at 6.25 % loan participation notes due on 26 July 2016 (Regulation S ISIN Code: ...
2011-07-28 10:01:00 Non-ferrous exposition is popular among Metal-Expo visitors
Non-ferrous exposition being popular among 37.5% of the total number of visitors ranked second in popularity among visitors of Metal-Expo’2010. According to the research provided by RussCom IT Systems an estimated average investment of 1 visitor representing one company which were ...
2011-07-27 10:18:17 MMK announces the results of its RUR 5 bln bonds placement at MICEX
On July 26, 2011 MMK placed its RUR 5 bln bonds (series БО-07) with the maturity period of 1092 days (3 years). The offer for the issue is not provided. The issue is included in the list “Б” at MICEX.
The total value of demand from investors equaled to RUR 7.7 bln which ...
2011-07-26 12:42:38 Monchegorsk improves its ecological status
MMC Norilsk Nickel informs of the completion of visit to Murmansk region of the international group of ecologists comprising representatives of Barents Euro-Arctic countries, which are members of Nordic Environment Finance Corporation (NEFCO). The comprehensive analysis of Kola MMC ...
2011-07-26 12:35:40 TMK announces 2011 second quarter and first half production results and trading update
OAO TMK, one of the world’s leading oil and gas steel pipe producers, today announces its production results for the period ending June 30, 2011.
For the first six months of 2010, TMK shipped a total of 2,166 thousand tonnes of steel pipes to customers representing a 16.2% ...
2011-07-25 11:11:36 NLMK's VIZ-Stal masters production of premium-quality GO steel
VIZ-Stal, a subsidiary of NLMK Group, is to expand its GO (transformer) steel production capacities by 40%, up to 240,000 tonnes, as a result of the commissioning of a 75 ktpy reversing cold-rolling mill.
This RUR1.4 billion project is the main stage in establishing a process route for ...
2011-07-25 10:40:12 Norilsk Nickel starts building 300 mln euro skip, latticed shaft
Russian metals giant Norilsk Nickel has started the construction of the deepest skip and latticed mine shaft in Russia worth almost 300 million euros at the company’s Polar division Skalisty mine, Norilsk Nickel said in a statement Friday.
Germany’s Thyssen Schachtbau has won ...
2011-07-25 10:31:22 Russia’s Renova Group unit to launch baked anode production in 2012
Russian carbon and graphite producer Energoprom, part of multi-industry holding Renova Group, plans to launch baked anode production at the Chelyabinsk Electrode Plant in 2012, Energoprom said in a statement.
Investments in the project are expected to amount to more than U.S. $20 ...
2011-07-22 11:42:36 Norilsk Nickel launches mine in Australia
MMC Norilsk Nickel reports that in accordance with production plan for the Group’s international production assets development in Australia, the Maggie Hays mine was launched at Lake Johnston operations.
The monthly production capacity of the mine is 100 kt of ore at 1.3% average ...
2011-07-21 10:26:24 Novolipetsk reduces environmental footprint
NLMK has upgraded its aspiration system in the refractory shop at Lipetsk to improve the efficiency of its gas cleaning equipment to the level of best available technologies. This project, worth RUR57 million, is part of the Company’s plan to minimize the impact of steel production on ...
2011-07-21 10:01:00 METALLOINVEST issued debut five-year $750 mln Eurobonds
METALLOINVEST, one of the world's largest producers of iron ore, today announced the successful issue of 5-year $750 mln Eurobonds with a coupon rate of 6.5%. The maturity date is July 21, 2016. The final closing of the transaction will be completed by the end of next week on July 21, 2011. ...
2011-07-21 10:01:00 VTB capital acquired 4.35% Stake in En+ Group
VTB Capital acquired a 4.35% stake in En+ Group from Basic Element for USD$500 mln. The acquisition of the stake in En+ Group is a strategic investment for VTB Capital.
Yuri Soloviev, First Deputy President - Chairman of the Management Board of VTB Bank, Chairman of VTB Capital holding ...
2011-07-20 11:36:04 GOSA FOM, Serbia visited OAO Koks
OAO Koks was recentely visited by a group of specialists from GOSA FOM, a Serbian mechanical-engineering company. The goal of the visit to the Kemerovo coking plant was to inspect the condition of the GOSA FOM coking machines that are installed in coking battery No. 3, and to discuss ...