2010-07-29 10:31:04 Vnesheconombank approves project financing for completion of construction of Boguchanskaya HPP
UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces that the Supervisory Board of Vnesheconombank has approved a financing package amounting to RUR 50 billion (about USD 1.7 billion) for RUSAL and RusHydro to complete the construction of the ...
2010-07-29 10:27:40 Severstal announces idling of its hot-end facilities at Severstal Sparrows Point
Severstal (LSE: SVST), one of the world’s leading integrated steel and mining companies, announces the idling of its hot-end facilities at Severstal Sparrows Point, as of July 25, 2010 as previously scheduled. The idling of blast furnace and steel-making facilities is in response to ...
2010-07-28 10:19:37 Evraz Borrows US$404 Million from Nordea Bank for Four Years
Evraz Group (LSE: EVR) ("Evraz") announces that its subsidiaries have drawn down on the loan facilities from Nordea Bank totalling US$404 million which are due to mature in June 2014.
The proceeds have been used to repay Nordea Bank’s loans in the amount of US$357 million ...
2010-07-28 10:12:43 NLMK launches new environmental project at sintering operations
Novolipetsk Steel has launched a new environmental protection project at its Sinter Plant – revamping the central dust collecting system for sintering machines No.3 and No.4 which will facilitate a significant reduction of atmospheric emissions.
Due to the gradual modernization of ...
2010-07-27 15:13:19 Severstal consolidated 50.2% of Crew Gold Corporation
Severstal Gold N.V., subsidiary of OAO Severstal (“Severstal”) (LSE: SVST; RTS: CHMF), is announcing that it has acquired 209,389,500 additional shares in Crew Gold Corporation through over the counter transactions at a purchase price of USD 0.338325 (NOK 2.09) per share on July ...
2010-07-27 10:23:59 Rating Agency Moody's changes the outlook of MMK's Ba3 rating to positive
Rating agency Moody's Investors Service has changed the outlook for Magnitogorsk Steel OJSC's ("MMK") Ba3 corporate family rating and the outlook on MMK's Aa3.ru national scale rating to positive from stable.
This rating action reflects the fact that in spite of negative global ...
2010-07-27 10:12:59 UC RUSAL announces structural changes
Moscow, 26 July 2010 – UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces changes in its organisational structure. The current Aluminium and Alumina divisions have each been split into Aluminium and Alumina East and West divisions ...
2010-07-26 17:33:19 MMK and ChTPZ signed an agreement till 2015
MMK and ChTPZ signed an agreement on cooperation - «Plate Mill 5000 - Height 239» till 2015 in order to provide Russian oil and gas companies with high quality pipes for construction of new major pipelines and reconstruction of existing pipelines.
The parties will cooperate ...
2010-07-26 11:21:53 Boeing and VSMPO-AVISMA are building up Innovation Research and Development Center
Farnborough, GB – Boeing company and PSC VSMPO-AVISMA declared of building up the joint innovation research and development center of titanium production practices and materials.
Within the framework of this project Boeing and VSMPO-AVISMA will jointly develop the new titanium ...
2010-07-23 10:24:34 RUSAL restarts Ewarton Alumina Refinery in Jamaica
UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world's largest aluminium producer, announces the restart of operations at its Ewarton Works in Jamaica. The refinery is part of Windalco, which was mothballed in 2009 due to the global economic downturn. The total capacity of the Ewarton ...
2010-07-22 10:46:49 UMMC launched mining at Shemur deposit
On Saturday, July 10th, the Governor of the Sverdlovsk oblast, Alexander Misharin, and General Director of Ural Mining and Metallurgical Company, Andrey Kozitsyn , gave start to copper ore mining at the Shemur deposit, which is located to the North of the Sverdlovsk oblast 40 km from the ...
2010-07-22 10:40:17 Gestamp and Gonvarri, in Joint Ventures with Severstal, create stamping and steel center facilities
The Gestamp-Severstal-Kaluga Stamping Facility and the Severstal-Gonvarri-Kaluga Steel Center were commissioned in the industrial cluster of Grabtsevo, in the Kaluga Region.
The Severstal-Gonvarri-Kaluga Steel Services Center is designed to meet the demands of the automobile and ...
2010-07-22 10:37:42 Mechel announces commissioning new out-of-furnace steel processing equipment
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces commissioning the out-of-furnace steel processing equipment within the first stage of the arc-furnace melting shop #6 upgrade at Chelyabinsk Metallurgical Plant (CMP).
The official commissioning ...
2010-06-30 11:16:41 KOKS disposal of nickel assets
Following approval by the AGM on June 7, 2010, OJSC “KOKS” (“Company” or “KOKS”) has completed the disposal of the Company’s nickel assets. A 100% stake in ZAO PO “Rezhnikel” and 97.5% of the shares of OJSC “Ufanickel” were ...
2010-06-30 11:08:34 Big diameter pipes production capacities of Vyksa Steel Works reach 2Mt/y
“United Metallurgical Company (OMK) is the biggest in Europe producer of big diameter pipes for main oil and gas pipelines’, reported I. Kolomeets, Marketing Director, OMK at 8th Metallurgical Summit. Big diameter pipes production capacities of Vyksa Steel Works (part of OMK) ...
2010-06-30 10:34:55 TMK Annual General Shareholders’ Meeting
OAO «TMK» announces that the Annual General Meeting of the Company Shareholders was held in Moscow on June 22, 2010.
Shareholders approved the annual report and financial statements for the 2009 financial year as well as elected the Board of Directors and the Audit ...
2010-06-30 10:23:50 Preliminary results of AGM of MMC Norilsk Nickel
Annual General Meeting of shareholders (“AGM”) of OJSC MMC Norilsk Nickel (“MMC Norilsk Nickel” or “the Company”) took place in Moscow on June 28.
General Director of MMC Norilsk Nickel Vladimir Strzhalkovsky in his presentation for shareholders ...
2010-06-29 11:11:48 ChTPZ Group increased tubes dispatch by 35% in January - May
Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant (part of ChTPZ Group) dispatched 595.5k t of tubular products in January - May 2010 which is by 35% more as compared to the corresponding period of 2009 (440.9k t).
Chelyabinsk Pipe Rolling Plant supplied 325.8k t of tubes in ...
2010-06-29 10:43:02 RUSAL intends to convene extraordinary general meeting of MMC Norilsk Nickel
RUSAL, the world’s largest aluminium producer and owner of 25% shares of MMC Norilsk Nickel, intends to convene an extraordinary general meeting of MMC Norilsk Nickel following the announcement of the results of the elections to the Board of Directors of Norilsk Nickel.
The outcome ...
2010-06-28 12:02:14 Successful ramp-up of Norilsk Nickel underground mine
For the first time in the mine’s history, ore production at Severny-Gluboky mine of OJSC MMC Norilsk Nickel («Norilsk Nickel» or «the Company») was brought up to the rated capacity of 500 ktpm or 6 Mtpa.
Located in the city of Zapolyarny (Murmansk Region), ...
2010-06-28 11:54:53 Seversky Tube Works melted 1 millionth ton of electric steel
On June 25, 2010 Seversky Tube Works (part of TMK Group) melted 1 millionth ton of electric steel. Being one of the most contemporary complexes in Russia, the new electric steel melting complex has been designed and built with the application of the most up-to-date engineering developments. ...
2010-06-25 13:24:16 Metal-Expo has launched a Chinese version of the website
Along with the English version of Metal-Expo official website which has existed for a few years already, earlier this year a German version of the website has been launched.
Realizing a keen interest of different nationalities to Metal-Expo International Industrial Exhibition, the ...
2010-06-25 11:18:19 MMK has announced consolidated financial statements
TARGET INVESTMENTS IN EFFECTIVE PRODUCTION AND COAL ASSETS ENABLE MMK TO DEMONSTRATE IMPRESSIVE GROWTH FROM THE BEGINNING OF 2010 …
Q1 2010
Q1 2009
+/- ...
2010-06-25 11:14:58 RUSAL announces structual changes
UC RUSAL, (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces structural changes in its marketing and sales division and the appointment of Steven Hodgson as International Sales Director.
The Company has established a new International Sales ...
2010-06-25 10:52:49 Mechel announces establishing its representative office in Kemerovo City
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces establishing its official representative office in Kemerovo city.
The registration procedure of Mechel OAO’s representative office in Kemerovo city was completed on June 11, 2010. The legal ...
2010-06-24 10:33:05 Moody's changes outlook of NLMK'S BA1 Raring to “POSITIVE” from “STABLE”.
Moody's Investors Service has changed the outlook for NLMK's Ba1 corporate family rating and the outlook on NLMK's Aa1.ru national scale rating to “positive” from “stable”.
This rating action reflects the fact that the company continues to demonstrate solid ...
2010-06-24 10:30:54 Izhorskiye Zavody complete unique shipment of petrochemical reactors for OAO TANEKO
Izhorskiye Zavody, a part of OMZ Group, has successfully completed an unique shipment of two hydrocracker units ordered by OAO TANEKO for the new oil refining facility in Nizhnekamsk.
The hydrocracker units R0101 and R0102 are unique pieces of equipment, with over 5 m in diameter, 35 m ...
2010-06-24 10:26:32 Norilsk Nickel to develop its assets in Botswana and South Africa
OJSC MMC Norilsk Nickel (herein after MMC Norilsk Nickel or the Company) looks with optimism at the potential of developing its production assets in Africa (Botswana and RSA). This was announced today by Roman Panov, Acting Director of International Assets Department at MMC Norilsk Nickel, at ...
2010-06-23 10:16:29 RUSAL and FGC UES sign a production agreement for new power cables
On 18 June 2010 UC RUSAL (HKSE 486, Euronext RUSAL/RUAL), the world's largest producer of aluminium and the Federal Grid Company of the Unified Energy System, the operator of Russia's national grid, announce that they have signed an agreement to manufacture new types of cables for overhead ...
2010-06-22 10:53:09 NLMK appoints new Long Products Division Director
Alexander Buraev has been appointed the new Director of NLMK’s Long Products Division. Previously Mr. Buraev was the Head of Production at Operations Department at Lipetsk site. In his new position, Alexander Buraev will be responsible for the development of the following companies: ...
2010-06-22 10:46:41 Evraz Launches Rail Mill Reconstruction at NTMK
Evraz Group S.A. (LSE: EVR) (“Evraz”) has launched the rail mill reconstruction at NTMK, its Russian steel plant in Nizhny Tagil, Urals. The reconstruction will be completed in November 2011. The total investment will amount to 2 billion roubles (approx. US$70 million).
After ...
2010-06-11 15:18:06 Integrated platform for producers and consumers
Metal-Expo International Exhibition will grow by 20% in 2010 and the total of 24t sqm of the new hall 75 called Russia (The All-Russia Exhibition Center) will be occupies already by September. A. Romanov, Co-Chairman, Organizing Committee of Metal-Expo’2010 reported at the last ...
2010-06-11 10:21:09 NLMK wins National Environmental Award
“Innovative Eco-Efficient Industrial Technologies”. The company was awarded a special figurine and diploma for the successful implementation of its “Industrial Water Supply System Upgrade” project.
The National Environmental Awards were established in 2003 by the ...
2010-06-10 10:40:20 TMK Strengthens Global Footprint with TMK Africa Tubulars
TMK (LSE:TMKS), a leading global producer of steel pipes for the oil and gas industry, today announces that it has established a commercial office in Cape Town, South Africa.
The opening of TMK Africa Tubulars in Cape Town, one of Africa’s key business and logistical centers, is an ...
2010-06-10 10:37:10 Izhorskiye Zavody to manufacture a pressure compensator for Novovoronezhskaya NPP-2
Izhorskiye Zavody, a part of OMZ Group, had passed an acceptance inspection of the pressure compensator for Novovoronezhskaya NPP-2. The inspection was conducted by representatives of OAO Atomenergoprom, OAO Atomenergoproekt, OAO Concern Rosenergoatom (Novovoronezhskaya NPP-2 branch). The ...
2010-06-09 11:39:10 NMZK to continue modernization of facilities
NMZK, Novosibirsk Steel Works Named after Kuzmin managed by Metallservis, completes preliminary works on setting up 5-roller welding stands as part of an investment program on modernization of its tubes electric-welding facilities. According to the program, the new equipment will be launched ...
2010-06-09 11:30:56 Metalloinvest is increasing bridge steel supplies
«Urals Steel» metallurgical plant (a unit of Metalloinvest Holding) supplied 49,000 tons of special bridge steel between January and April, 2010 (150% of the 2009 level).
“In 2009, we had a share of about 75% of Russian bridge steel market,” said Andrey Prosyanik, ...
2010-06-08 10:34:44 Golden Innovators of Metal Ravne
In the new casting bay of Metal Ravne, one of the companies in the Slovenian Steel Group (SIJ), awards were presented to the best innovators or innovator groups who applied to this year’s tender of the Chamber of Commerce and Industry of Slovenia – Regional Chamber of Korolka. The ...
2010-06-08 10:30:25 Casting and Rolling Plant, United Metallurgical Company output 110kt in May
For the first time since its launching the Casting and Rolling Plant, United Metallurgical Company (OMK) output more than 90kt of hot-rolled coils and more that 20kt of flats in May 2010. The May production program has been fulfilled 102%.
Finished products dispatch volume reached 91 836t ...
2010-06-07 11:15:35 Svyatogor confirmed the compliance of its Quality Management System with the international standards
JSC “Svyatogor” (metallurgical complex of UMMC) has successfully passed surveillance audit of Industrial and Occupational Safety Management System for its compliance with the requirements of International Standard OHSAS 18001:2007 and audit of Ecological Management System for its ...
2010-06-07 11:07:33 Results of voting at the 2010 Annual General Meeting
ovolipetsk Steel (LSE: NLMK) announces the results of voting at the Annual General Meeting (AGM) held on 4 June 2010.
Shareholders approved the Company’s 2009 annual report, annual financial statements, and allocation of profit, including the dividend payment for the financial year ...
2010-06-04 11:04:12 MMK to reduce environmental pollution
MMK tested its ecological management system in Q1, 2010 which had been certified for compliance with ISO 14001: 2004. The tests were taken to find the ways of improving the ecological management system and increasing its efficiency. Certain ecological showings had been set up for 2010 ...
2010-06-04 10:27:00 Aluminium consumption in Russia to increase due to development of Railway transportation
“Manufacture of passenger and freight railway cars of aluminium semis may considerably increase aluminium consumption in Russia”, said Jürg Zehnder, Cideon (Germany) at a meeting with Russian manufacturers of railway cars which was held on June 2, 2010. According to him, ...
2010-06-03 10:11:40 In 2010 UMMC plans to invest more than 1 billion rubles in Sredneuralsky Copper Smelter development
In 2010 UMMC investment programme on development of JSC “Sredneuralsky Copper Smelter” (metallurgical complex of UMMC) is going to overtop 1 billion rubles, as it was announced by Andrey Kozitsyn, General Director of UMMC, at the meeting with the employees of the enterprise. ...
2010-06-03 10:08:47 NLMK Group’s EUR 524 million ECA-backed finance facility has been named ‘Deal of the Year’
NLMK Group’s ECA-backed loan, which raised EUR524 million to finance the purchase of imported equipment, has won the Trade Finance and Trade & Forfaiting Review magazines’ ‘Deal of the Year’ award.
NLMK Group closed the EUR524million facility in December 2009. ...