2009-04-22 14:04:58 Mechel continues implementation of its cement production project Mechel announces obtaining of decision from OeKB Austrian insurance agency to issue insurance coverage for the credit agreement which is to be made to finance the contract between Mechel’s subsidiary, Mechel Materials, and FMW of Austria. The contracts are prepared as part of ...
2009-04-21 13:24:50 OMZ’s Izhorskiye Zavody Ships Steam Generator Frame for Novovoronezh-2 Nuclear Power Generating Unit MOSCOW – Izhorskiye Zavody, a part of OMZ (Uralmash-Izhora Group) (RTS: OMZZ; LSE: OMZD; OTC: UHMVY), announced today that it has shipped the frame for a steam generator at the first power generating unit of Novovoronezh-2 Nuclear Power Plant. The project is part of the Federal Target ...
2009-04-20 10:57:40 Rusal proposes production cut to put Boguchansk onstream United Co Rusal plans to cut 500,000 tpy of aluminium production elsewhere to support the launch of two smelters in Siberia and generate interest in the Boguchansk hydro power plant. Rusal has made a proposal to the Russian government about cutting production at other smelters to bring new ...
2009-04-17 12:05:55 Trading update for Q1 2009 Novolipetsk Steel today announces the following regular trading update for Q1 2009. Production : - Crude steel: 2.1 mln tn (+21% quarter-on-quarter) - Finished products: 2.2 mln tn (+26% quarter-on-quarter) Sales : - Total sales: 1.95 mln tn (+4% quarter-on-quarter), ...
2009-04-16 10:19:02 MMK Announces Operational Trading Update for Q1 2009 I. Major products output Production Q1 2009 Q4 2008 Q1 2009 Q1 2008 ‘000 tn ‘000 tn % ‘000 tn ‘000 tn % Cast iron 1 592 1 205 32,1% 1 592 2 613 -39,1% Crude steel 2 070 ...
2009-04-15 14:59:45 TMK: 2009 First Quarter Production Results TMK today announces its production results for the period from 1 st January to 31 st March 2009. For the first three months of 2009, TMK shipped 581 thousand tonnes of pipes to customers, a 17.8% decrease on the amount shipped in the same period last year. Volumes of shipped pipe ...
2009-04-15 07:16:37 BMP launched a new product BMP launched a new product – steel ropes manufactured from plastically drafted strands of 25 mm - 57 mm diameter. The main advantage of the new product is high structural density and tensile strength, durability of wires in strands and strands in ropes ,low wearing of sheaves and reels ...
2009-04-14 05:49:09 ESTAR’s ZMZ to recommission EAF No. 4 at end of April Zlatoust Metallurgical Works (ZMZ) has announced that at the end of April it will recommission its reconstructed electric arc furnace (EAF) No. 4, with an increased capacity of 20 mt compared to the previous 10 mt. Currently, ZMZ is finishing the reconstruction of its EAF No. 4, which was ...
2009-04-13 11:29:50 TMK Premium Casing Successfully Tested in a Horizontal Well TMK announces that its FMC premium threaded casing was successfully run and tested in a 2,385 meter horizontal gas well in the Vankor field. TMK-Premium Service, a division of TMK specialising in production and supply of premium connections to the oil and gas sector, tested the ...
2009-04-13 11:06:09 Highveld Enters into a Black Economic Empowerment Transaction Evraz Group announced that its South African subsidiary, Highveld Steel and Vanadium Corporation Ltd. (“Highveld”) concluded an agreement to transfer 26% of the ordinary equity interest in Mapochs Mine (Proprietary) Limited (“Mapochs Newco”) to local partners. This ...
2009-04-10 05:09:34 ChTPZ Group to Supply more than 340 000 couplings to Surgutneftegaz for Tubing Maintenance ChTPZ Group will supply more than 340 000 couplings for Surgutneftegaz tubing maintenance from April to December 2009. Under the contract Surgutneftegaz will receive 118 750 couplings for tubing Ø 60 mm and 221 578 couplings for tubing Ø 73 mm produced at the ...
2009-04-09 13:44:07 Mechel starts blast furnace at its Chelyabinsk Metallurgical Plant subsidiary Mechel announces that blast furnace No. 4 was officially commissioned today at its Chelyabinsk Metallurgical Plant subsidiary (CMP). The furnace was temporarily delayed last November due to its third category capital repair. Blast furnace No. 4 was delayed in November of last year, in ...
2009-04-09 11:40:26 VSMPO-Aisma and Boeing plan to launch JV for machining of parts According to Sergey Chemezov, Head of Rostechnologii State Corporation, VSMPO-AVISMA and the Boeing Company plan to launch JV for machining of technical components during the July visit of the US President Barack Obama to the Russian Federation. "JV grand opening ceremony is planned ...
2009-04-06 10:51:27 Mechel completes its preferred shares placement Mechel announced the completion of the open subscription placement of its preferred shares. The preferred shares placement was completed April 2, 2009, when the procedures of payment and transition of shares to the buyer occurred. During the placement process only one offer to purchase the ...
2009-04-02 11:37:26 Severstal-metiz: good financial results “Implementation of the niche product strategy, intensifying the specialization of the company, costs optimisation, including infrastructure maintenance and customer relations development enabled us to achieve the goals we had set”. This is how Olga Naumova, CEO of the ...
2009-04-01 13:12:47 ESTAR has signed a consulting agreement with Binbank Under an agreement for implementing a programme of restructuring the debts of, and of finding investors for the Group of Companies ESTAR, Binbank has attracted a pool of private investors to provide the Group with working capital financing and funding required for completion of investment ...
2009-03-31 12:07:22 NLMK goes ahead with construction of new blast furnace NLMK has begun the assembly of BF-7 steel structures at its main site in Lipetsk. The new production facility, with capacity of 3.4 mln tn of hot pig iron per year, is the first to be constructed in Russia for 20 years. The design of Blast Furnace No.7 incorporates the most up-to-date ...
2009-03-30 07:11:14 Results of the Board of directors’ meeting A scheduled meeting of the Board of Directors of MMC Norilsk Nickel took place yesterday. Among other issues, the Board discussed the 2009 budget of the Company and its strategy regarding energy assets. I. Key Objectives and Budget for 2009 The Board of Directors approved the current ...
2009-03-27 10:44:01 MMK announces its FY 2008 financial results MMK announces its FY 2008 financial results under Russian Accounting Standards (RAS) Successful performance In 2008 MMK achieved strong financial and operational results. In particular, MMK saw the record levels of revenue and sales income. The ...
2009-03-27 10:40:09 Mechel Announces Bridge Loan Extension Mechel announced a two month extension of its bridge loan taken for the acquisition of Oriel Resources Ltd.. On March, 25, 2009, following negotiations with the banking syndicate which provided Mechel a one-year loan for the Oriel Resources Ltd. (United Kingdom) acquisition, an agreement for a ...
2009-03-27 00:45:00 NLMK continues to implement environmental protection measures in steelmaking NLMK has begun the reconstruction of the gas exhaust ducts of its BOFs with a secondary emissions collection and cleaning system. This measure, applied to the Company’s three BOFs, will increase steel production by almost 11% and reduce annual air emissions by more than 17 thousand tn. ...
2009-03-26 12:08:33 TMK Repays Rub 3 bln bond TMK carried out the repayment of its Series 02 Rouble bond issue of RUB 3 bln and proceeded to its eight coupon payment of RUB 113,700,000. The aggregate amount paid out was RUB 3,113,700. The coupon payment per note amounted to Rub 37.90. The repayment of the bond was financed ...
2009-03-26 11:56:33 Severstal Announces Changes in Executive Management Severstal announced management changes at its Severstal International Division. Gregory Mason has been named as the new CEO of Severstal North America. Mr. Mason will also remain CEO of the Severstal International Division of OAO Severstal. Ronald Nock, formerly CEO of Severstal North ...
2009-03-25 14:22:58 OMZ announces 2007 audited and 1H 2008 unaudited consolidated IFRS financial results OMZ has announced its audited consolidated financial results for 2007 prepared in accordance with International Financial Reporting Standards (IFRS) and its unaudited IFSR consolidated financial results for the first half of 2008. In 2007 the company’s revenues rose 35% to $ 960 mln. ...
2009-03-24 12:57:41 TMK Certifies Line Pipe for Subsea Applications TMK announces today that it successfully certified seamless line pipe to the DNV-OS-F101 offshore standard. The certification of seamless line pipe from TMK Volzhsky was carried out by Det Norske Veritas. The DNV-OS-F101 offshore standard gives criteria and guidance on concept ...
2009-03-24 12:49:49 UC RUSAL and ONEXIM agree on debt restructuring UC RUSAL and ONEXIM Group announce that they have reached an agreement on restructuring RUSAL’s $ 2.8 bln debt. The parties have agreed that $ 2.0 bln of debt will be converted into RUSAL shares. ONEXIM’s stake in RUSAL will consequently increase to 18.5%. The stakes of ...
2009-03-24 12:43:38 Vladimir Kolotushkin has become a new Director of JSC “Uralelectromed” Vladimir Kolotushkin has been appointed as a new Director of Uralelectromed (Metallurgical Complex of UMMC-Holding). Previously he occupied a position of the General Director of Shadrinsk plant of automobile units (Automotive Complex of UMMC-Holding). Today Vladimir Kolotushkin has been ...
2009-03-23 06:20:48 Severstal reports on the Safety Program at plants The “Severstal Resources” division and CherMK (Severstal Russian Steel) spent RUR 1,088.1 million on health and industrial safety activities in 2008 Severstal’s Russian Steel division reported over 250 actions which have been undertaken at the Cherepovets Steel Mill ...
2009-03-20 11:16:33 Mechel's shares are included on MICEX Quotation List A1 Mechel announced the inclusion of its ordinary registered book-entry shares on the MICEX quotation list A1. On March 13, 2009 the Executive Body of Closed Joint Stock Company "Moscow Interbank Currency Exchange" decided to include Mechel OAO ordinary registered book-entry ...
2009-03-19 11:08:11 Alpart announces suspension of operations Alpart (Alumina Partners of Jamaica), owned 65% by RUSAL and 35% by Hydro Aluminium, has announced that owing to the continuing severe decline in the global aluminum industry and the corresponding reduction of alumina demand worldwide, the company will temporarily suspend operations at its ...
2009-03-18 16:36:56 NLMK implements staff retraining programs NLMK announces that it has launched initiatives aimed at retraining its employees. Given the economic downturn, these measures will boost the security of the personnel; help to avoid redundancy measures and train staff to carry out equipment repairs and in-house maintenance. The ...
2009-03-16 12:40:06 Coordination between Steelmakers and Builders is the Way to Overcome the Economic Crisis MetallStroyForum International Exhibition for Steel Products and Structures for Construction will open in Moscow on March 18. The exhibition is a new annual project of Metal-Expo which will be held in a new contemporary exhibition complex of the All-Russia Exhibition Center. ...
2009-03-13 02:04:50 Lisin may call for GAZ's bankruptcy Novolipetsk Steel (NLMK) is ready to take action against GAZ group if the company does not pay off its debts. NLMK could even insist on the company's bankruptcy, chairman of the Russian steel producer's board of directors Vladimir Lisin told journalists. He pointed out that GAZ was neither ...
2009-03-12 13:34:40 What will Happen to Market of Rolled Products for Construction in 2009? This and many other things will be discussed at the traditional spring meeting of participants of the market of rolled products for construction. The program of the 4th International Conference Rebar Steels Rolled Products: Tendencies of Production and Consumption’2009 (17, March, ...
2009-03-12 11:26:06 Noble wins deal to sell VSMPO-Avisma magnesium Trading company Noble Group has won a deal to sell magnesium offtake from Russia-based producer VSMPO-Avisma this year, a source at the company told MB. He was unable to disclose the total volume of the offtake, or the price at which Noble is concluding business. Avisma produces ...
2009-03-12 10:44:48 NLMK and DBO Holdings, Inc. signed settlement agreement NLMK and DBO Holdings, Inc. have signed a settlement agreement with respect to their dispute concerning NLMK’s proposed acquisition of John Maneely Company, which NLMK terminated in November 2008. The agreement provides for the full mutual release and discharge by NLMK and DBO from ...
2009-03-12 10:19:56 TMK Ships First Batch of Longitudinal LD to Gazprom TMK announces today that it began shipments of 1420mm large-diameter longitudinal welded pipes to Gazprom. The pipes will be used in the construction of the Bovanenkovo-Ukhta gas pipeline. During the month of March, TMK will ship 5,000 tonnes of 1420mm longitudinal welded pipes with 26.4 mm ...
2009-03-11 10:55:01 Severstal reports good FY 2008 results Severstal reports good FY 2008 results; takes decisive action for the current challenging environment Financial Results for the year ended 31 December, 2008 ($ mln unless otherwise stated) 2008 2007 4 Change, y-o-y Revenue 22,393 15,503 44.4% ...
2009-03-11 03:56:37 In some cases, the government could buy into large Russian companies to support them In some cases, the government could buy into large Russian companies to support them, First Deputy Prime Minister Igor Shuvalov told reporters following an economic conference yesterday. He stressed that such decisions would be exceptions, and they would be debated publicly. “We have ...
2009-03-10 15:05:05 Evraz announces new appointments Evraz Group today announced the appointment of Alexander Boreyko as Director of Investor Relations and Sergey Lavrinenko as Head of Communications and Public Affairs. “I am confident that the professional experience of Alexander and Sergey will even further strengthen position of ...
2009-03-10 12:07:36 ZMZ develops new technologies A new rolling technology was developed in rolling shop №1 at Zlatoust Metallurgical Works. They rolled rounds in dia. 230 and 240 mm and length up to 6m on mill 1150. ZMZ used to produce rounds of 210mm diameter in length up to 3m. At present a new roll pass design is being ...
2009-03-10 11:22:16 UC RUSAL signs a standstill agreement UC RUSAL has signed a standstill agreement in relation to the restructuring of its debt to the international lending banks. The standstill will be effective for a period of two months with the possibility of extension for a further month and will provide RUSAL with additional liquidity. The ...