2011-04-27 10:19:25 NLMK Group’s VIZ-Stal signs contract for transformer (grain-oriented) steel production equipment
VIZ-Stal has signed a contract for LOI (Germany) to supply and supervise the assembly of equipment for the revamping of its Electric Insulation Coating Line (EICL-8). The upgrade of the Strip Finishing Line is a major step towards setting up a process flow for mastering the production of a ...
2011-04-26 13:46:02 ChelPipe and MMK join forces to create railcar fleet
OJSC ChelPipe and OJSC Magnitogorsk Iron and Steel Works (MMK) are creating their joint rolling stock to ensure timely deliveries of steel plate from MMK’s Mill 5000 to ChelPipe’s Vysota 239 production unit. Implementation of this project has become part of strategic cooperation ...
2011-04-26 10:21:16 OMK completes its pipe deliveries for phase 2 of Nord Stream Gas Pipeline
As scheduled, April 23, 2011, Vyksa Steel Works (VSW, Nizhni Novgorod Region), part of United Metallurgical Company (OMK), completed its deliveries of large-diameter pipes (LDP) for the construction of Phase 2 of the international gas pipeline Nord Stream.
From May 2010 to April 2011, ...
2011-04-26 00:19:15 UC Rusal makes debt repayments totalling $529 million
UC Rusal announces making further debt repayments in the total amount of approximately $529 million to its international and Russian lenders under the International Override Agreement (IOA).
The debt repayment in the amount of approximately $517 million was made on 20 April 2011 ...
2011-04-25 10:21:46 EVRAZ priced US$850M of Eurobonds due 2018
Further to its announcements on 5 April 2011 and 19 April 2011 relating to its tender offer for certain of its outstanding notes, EVRAZ Group S.A. (LSE: EVR), a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg with ...
2011-04-25 10:18:49 NLMK adds new deposit to its upstream development pipeline
NLMK has won the right to explore and develop the Zhernovki Gluboki plot of the Zhernovskoye coal deposit located in the Kemerovo region, Siberia, located just below the Zhernovskoe-1 deposit already owned by NLMK. The license fee is RUR420 million.
The 13.5 sq km plot has 73 million ...
2011-04-22 10:28:33 Olcon obtains license for exploration and mining of Anomalny deposit in Murmansk Region
The Olenegorsk Mining and Concentration Works (“OAO Olcon”), part of the mining division of OAO Severstal, one of the world’s leading steel and mining companies, has obtained the right to use subsoil for the exploration and mining of iron ores in the Anomalny deposit in the ...
2011-04-22 09:17:15 Norilsk Nickel is interested in quickest possible development of Voronezh region deposits
JSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) is interested in quickest possible development of copper-nickel deposits located in Voronezh Region.
Prospective Voronezh Region nickel areas are a part of state unallocated subsoil reserve fund. OJSC MMC ...
2011-04-21 10:21:35 NLMK acquires full control over rolling assets of its joint venture with Duferco
NLMK, one of the world’s leading steel companies, has signed definitive agreements to purchase a 50% interest in Steel Invest and Finance (“SIF”) from Duferco Group (“Duferco”) for an all cash consideration of c.$600m, payable in four equal annual installments. ...
2011-04-21 00:01:09 Secretary General of European Aluminium Association will come to Moscow
Now the program of Aluminium: Alloys, Profiles and Rolled Products, 3d International conference is completed. Its participants will be heads and professionals of aluminium smelters and companies manufacturing various types of aluminium products, metal and steel traders, industrial and ...
2011-04-20 10:50:22 TMK announces 2011 1Q production results and trading update
The following contains forward looking statements concerning future events. These statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties.
OAO TMK (“TMK” or “the Company”), one of the ...
2011-04-20 10:39:44 Mechel announces pricing of offering of preferred shares by certain selling shareholders
Mechel, one of the leading Russian mining and steel companies, announces the pricing of a public offering (the "Offering") by certain selling shareholders of preferred shares of Mechel OAO.
The preferred shares are being offered by James C. Justice II, James C. Justice III, ...
2011-04-19 10:16:18 TMK ships pipes with ULTRA SF Premium Connections to Gazprom Neft
TMK, one of the world’s leading oil and gas steel pipe producers, has completed a shipment of casing with ULTRA SF premium connections to Gazprom Neft for the Urmanskoye field.
The shipment contained grade P110 casing with ULTRA SF connections (OD 127mm, wall thickness 9.19mm) that ...
2011-04-19 10:13:42 Fitch upgrades Evraz Group to ‘BB-’
Evraz Group welcomes the upgrade by Fitch Ratings of EVRAZ’s Long-term foreign currency Issuer default Rating (IDR) from ‘B+’ (Stable) to ‘BB-’ (Stable). Fitch has also upgraded Evraz’s senior unsecured rating of ‘BB- from ‘B+’ and ...
2011-04-18 10:27:17 Slovenian Steel Group has held general assembly
At the registered office of the company SIJ (Slovenian Steel Group) the 21st General Assembly took place on April 5th. At the 21st General Assembly the following members of the Supervisory Board have been elected for a four years' term of office starting from 11 April 2011: Andrey Zubitskiy, ...
2011-04-15 10:21:26 EVRAZ receives awards for best financial disclosure and best progress in Europe
Evraz Group is pleased to announce that it has been named the best European company in the Best Financial Disclosure category in the 2011 IR Global Rankings (IRGR) survey. During the award ceremony in London held earlier today, Evraz has received also an award for the Best Progress in ...
2011-04-15 10:18:49 MMK boosts shipments to Russian automakers
Magnitogorsk Iron and Steel Works (MMK) almost doubled its shipments to domestic car making sector in 2010 compared to 2009
In 2010, MMK delivered 406,000 mt of steel products to Russian car makers - almost twice as much compared to 209,000 mt in 2009. Local automotive sector accounted ...
2011-04-14 10:52:25 Tulachermet obtained expert opinion on verification of Emission Reduction Units
Tulachermet has obtained an expert opinion on the verification of Emission Reduction Units as part of a project entitled “Measures to Boost Energy Efficiency By Modernizing Cast Iron Production”. The document was issued by specialists from “Bureau Veritas ...
2011-04-14 10:51:27 Novolipetsk wins All-Russian environmental competition
Novolipetsk has once again become one of Russia’s Top 100 – Ecology and Environmental Management. The title of honor was awarded to the Company for its environmental activity in 2010.
The awards ceremony took place in Saint-Petersburg at the 5th Annual All-Russian Conference ...
2011-04-14 01:24:59 Rusal appointed new chief legal officer
UC Rusal announced the appointment of Igor Makarov Chief Legal Officer to Rusal.
Igor Makarov has nearly 20 years of experience in legal action. During the last 7 years, he was a lawyer and partner in the Moscow branch of the international law firm Jones Day with operations in 16 ...
2011-04-13 10:51:27 Strikeforce Mining & Resources announces results for 2010
The Russia’s largest Ferromolybdenum producer Strikeforce Mining & Resources (SMR) announces its financial and operational results for 2010.
Maintenance at the beneficiation factory of the SMR’s Zhireken Ferromolybdenum Plant reduced the total output of the SMR’s ...
2011-04-13 10:23:46 Krontif-Center has received certificate of international quality management system
ZAO Krontif-Center has received a certificate of the international quality management system ISO 9001:2008 in the area of planning, production and sale of iron and steel castings. It may be recalled that late last year the company underwent a certification audit by TUF Rheinland Group, which ...
2011-04-13 10:18:14 Mechel announces offering of preferred shares by certain selling shareholders
Mechel, one of the leading Russian mining and metals companies, announces the launch of a public offering (the “Offering”) by certain selling shareholders of the preferred shares of Mechel OAO.
The preferred shares are being offered by James C. Justice II, James C. Justice ...
2011-04-12 10:25:27 Mechel reports the 2010 financial results
Revenue amounted to $9.7 billion
Consolidated adjusted EBITDA amounted to $2.0 billion
Net income attributable to shareholders of Mechel OAO amounted to $657 million
Moscow, Russia – April 11, 2011 – Mechel OAO (NYSE: MTL), a leading Russian mining and steel ...
2011-04-11 10:19:04 Mechel announces Board of Directors’ resolutions
Mechel, one of the leading Russian mining and metals companies, announces decision of the board of directors to convene the annual general shareholders' meeting of Mechel OAO.
The Board of Directors of Mechel OAO (the Company) held a meeting on April 8, 2011. The following resolutions ...
2011-04-08 10:45:40 MMK announces its consolidated financial statements under IFRS for 12M and Q4 2010
SOLID RESULTS IN 12M AND Q4 2010:
MMK Group 2010 sales amounted to USD 7,719 mln, exceeding 2009 level by 52%.
2010 EBITDA reached USD 1,606 mln, which is 23% higher compared to 2009.
2010 EBITDA margin at 21%.
Profit for the period for 2010 amounted to ...
2011-04-08 10:44:12 IZ-KARTEX completes acceptance testing of a new power shovel
OAO UK Kuzbassrazrezugol has completed acceptance tests of the EKG-18R power shovel at Taldynskiy coal mine. The equipment was manufactured by OOO IZ-KARTEX, a part of OMZ Group.
The power shovel is designed to excavate and load rocks during open mining.
EKG-18R is the first ...
2011-04-07 10:12:47 RUSAL CEO Oleg Deripaska Visits Guinea with Russian Government Delegation
RUSAL the world's largest aluminium producer, reports on the visit of RUSAL top management to Guinea as part of the official visit of the Russian government delegation in the country. During the visit, the Minister of Natural Resources and Environment of the Russian Federation Yuri Trutnev ...
2011-04-07 10:07:35 MMK Completed First Phase of Equipping Mill 2000
Magnitogorsk Iron & Steel Works (MMK) reports it has assembled first phase of technological equipment at its mill 2000. Continuous pickling line has been linked to the ‘tandem’ mill. All the necessary gear has been put in place.
The roll test has been accomplished at the ...
2011-04-06 11:36:36 New enrichment technology is introduced at enrichment factory of KMAruda Works
The decision has been taken to introduce an additional stage of pulverization at plot No. 2 of the crushing and enrichment factory. Where before only two stages have been in effect—a first and second stage—now a third is being added that includes «Stack Sizer» ...
2011-04-06 11:08:52 Norilsk Nickel prospecting summary 2008-2010 and outline of key priorities for 2011
Norilsk Nickel announces the results of prospecting department’s activities and outlines its plans for 2011.
Financing of the company’s prospecting activities for 2008-2010 has totaled RUB 3.969 billion. The increase of Norilsk Nickel group’s reserves has been 3,4 ...
2011-04-06 11:06:54 Rusal announces opening of book with respect to ruble bond issue by Rusal Bratsk
RUSAL the world's largest aluminium producer, announces the opening of book with respect to the second tranche, Series 08, of the ruble bond issue by OJSC RUSAL Bratsk in the amount of 15 billion rubles.
Series 08 is represented by 15 million of bonds with a par value of 1,000 rubles ...
2011-04-05 10:20:39 NLMK comments on ICAC decision
On March 31, 2011 the International Commercial Arbitration Court (ICAC) of the Chamber of Commerce and Industry of the Russian Federation partially satisfied the claims of Nikolay Maximov, Maxi-Group’s minority shareholder, against NLMK. NLMK’s motions to suspend the ICAC ...
2011-04-05 10:13:39 Mechel Announces New Appointment In Management
Mechel announces the creation of the position of Vice-President for Commercial Activities.
Mikhail Urvantsev, 42, was appointed Mechel OAO’s vice-president for commercial activities.
Prior to this appointment Mr. Urvantsev began his professional career at Beloretsk ...
2011-04-04 10:20:26 EZTM has designed new generation of hot-blast valves
EZTM JSC has developed new designs of valves basing on the performed experimental and theoretical research and on the analysis of maintainability of home- and foreign-made hot-blast valves. The designs meet the modern requirements of blast-furnace process which consist in maximal cooling flow ...
2011-04-04 01:02:24 TMK announced 2010 IFRS consolidated results
TMK , one of the world’s leading producers of pipes for the oil and gas industry, announced its IFRS audited consolidated results for 2010.
2010 Highlights
Financials:
Revenue grew by 61% to U.S.$ 5,578 million as a result of strong recovery in demand across all key ...
2011-04-04 00:31:56 Results of the Meeting of the Board of Directors of MMC Norilsk Nickel
Last Fridy new Board of Directors of OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) met for the first time since it was elected at the Extraordinary General Meeting (EGM) of shareholders on March 11, 2011. Among other matters, the agenda of the meeting ...
2011-04-01 17:38:46 Norilsk Nickel prospecting summary 2008-2010 and outline of key priorities for 2011
OJSC MMC Norilsk Nickel announces the results of prospecting department’s activities and outlines its plans for 2011.
Financing of the company’s prospecting activities for 2008-2010 has totaled RUB 3,969 billion. The increase of Norilsk Nickel group’s reserves has been ...
2011-04-01 10:40:34 Completion of the sale of the subsidiary of SNA
Severstal, one of the world’s leading steel and mining companies, has completed the sale of the subsidiary of Severstal North America (“SNA”) which owns facilities at Warren, OH, Wheeling, WV, and Sparrows Point, MD on the previously disclosed terms to The Renco Group, Inc. ...
2011-04-01 10:01:00 Russian President Dmitry Medvedev visited Magnitogorsk Iron & Steel Works (MMK)
Russian President Dmitry Medvedev chaired a session of the presidential commission for modernization and technological development of Russia’s economy that was held at the headquarters of Magnitogorsk Iron & Steel Works on March 30.
Before the session Dmitry Medvedev toured MMK ...
2011-03-31 13:27:32 EVRAZ announces financial results for 2010
EVRAZ Group announces its audited financial results for the year ended 31 December 2010.
2010 Highlights:
Financials:
* Consolidated revenue US$13,394 million (+37% vs. 2009)
* Consolidated adjusted EBITDA US$2,350 million (+90%)
* Net profit US$532 million (net loss ...
2011-03-31 10:58:51 Rusal increased net profit almost in 3.5 times
UC Rusal, the world’s largest aluminium producer, announces its full year results for 2010.
Key highlights
Financial
Net profit of US$2,867 million for 2010 compared to net profit of US$821 million for 2009.
Revenue increased by 34.5% to US$10,979 million as a result ...
2011-03-31 10:26:24 Severstal wins award for Best Supplier to the Automobile Industry
Severstal has won the award for Best Supplier to the Automobile Industry at the Moscow Auto Forum, annual conference organized by Adam Smith Conferences held in Moscow each year that gathers leading Russian and international auto groups.
Severstal is the largest supplier of rolled metal ...
2011-03-31 10:01:00 Director General of MMC Norilsk Nickel meets South African President
Vladimir Strzhalkovsky, the Director General and Chairman of the Management Board of MMC Norilsk Nickel met with the President of the Republic of South Africa Jakob Zuma in RSA on March 27/.
The meeting was held as part of the Director General’s business visit to the Republic of ...