2007-12-21 14:14:34 Russian Government has Determined the Order of Assessing of Quotas on Rolled Products Supplies to EU Russian Prime Minister Victor Zubkov has signed a regulation on fulfillment of an agreement dated October 26 between Russia and the EU about trade in some types of steel products. The Russian Government has determined the following order of assessing of quotas on supplies of steel products to ...
2007-12-17 15:08:26 UC RUSAL appoints a third Independent Non Executive Director to its Board of Directors United Company RUSAL announce ы the appointment of Simon Thompson as an independent Non Executive Director.
Simon Thompson, who was previously a main Board Director and Member of the Executive Committee of Anglo American plc, joins the UC RUSAL Board of Directors with effect from ...
2007-12-17 12:28:38 ChTPZ Group Ferrous Division Ships 1,758,000 Tn of Product to Customers in January-November of 2007 Chelyabinsk Tube-Rolling Plant and Pervouralsk New Pipe Plant, both in ChTPZ Group, shipped 1,758,000 tn of pipe products to customers over eleven months of the current year, an increase of 11% as compared to the same period of 2006 (1,577,000 tn).
January through November of 2007, ChTPZ ...
2007-12-11 12:21:19 TNK-BP and TMK extend global cooperation agreement to 2012 TNK-BP and TMK today announced that they had signed a new agreement on global cooperation.
According to the agreement, TNK-BP will buy a range of tubulars from TMK for approximately two billion dollars over the five years to 2012. The previous three-year contract with a ...
2007-12-10 13:38:47 Chelyabinsk Zinc Plant OJSC Sets Up a Subsidiary to Develop Amur Field Chelyabinsk Zinc Plant became founder of Amur GOK OJSC. On Friday, December 7, 2007 , Inspection of the Federal Tax Service of Kurchatovsky district of Chelyabinsk registered the new legal entity.
Resolution on setting up the enterprise was adopted by the CZP Board of Directors at ...
2007-12-07 12:18:55 MMK to Build a New Coke Oven Battery On December 7, 2007, Victor Rashnikov, Chairman of the Board of Directors of OJSC MMK, signed a EUR 142 mln Contract for the delivery of equipment and construction of a coke oven battery (№11-bis) with the Czech company VITKOVICE HEAVY MACHINERY A.S.
The need for a new coke oven ...
2007-12-06 12:39:44 Novolipetsk Steel (NLMK) acquires a controlling stake in Maxi-Group OJSC Novolipetsk Steel announced that it has entered into an agreement to acquire a 50%+1 share stake in OJSC “Maxi-Group” (Maxi-Group) from its founder, Nikolai Maksimov. The acquisition price is approximately $600 mln, payable in two installments: the first $300 mln installment ...
2007-12-04 11:54:33 MMK: Results of consolidated financial statements for 9M of 2007 Open Joint Stock Company Magnitogorsk Iron and Steel Works, one of the leading Russian integrated steel making companies, announces the results of its consolidated financial statements for the nine months of 2007 according to US GAAP.
1. Financial results
· ...
2007-12-03 15:01:46 Unrivalled openness of MMC Norilsk Nickel in information disclosure The expert council of the annual contest among Russian companies – stock market participants has rated MMC Norilsk Nickel (the Company) the first in the categories The Best Annual Report and The Best Corporate Website.
The Best Annual Reports contest was organized by Expert Rating ...
2007-12-03 14:55:49 TMK and SMS Demag Set Up Joint Venture JSC ТМК announces the signing of a joint venture agreement between its Seversky Tube Works (STW) subsidiary and SMS Demag AG (part of the SMS Group), one of the largest manufacturers of steelmaking equipment in the world. The agreement establishing the “TMK-SMS Metallurgical ...
2007-12-03 14:47:09 Novolipetsk Steel 9M 2007 US GAAP Results OJSC Novolipetsk Steel (NLMK), the LSE listed leading Russian steel producer, today announces its consolidated results for 9M 2007.
Highlights:
Strong 9M 2007 financial results:
- Revenues amounted to USD 5,545.6 million (+29% year-on-year)
- Operating cash flow reached USD ...
2007-11-29 15:21:52 VSMPO-AVISMA Corporation Announces Revenues for the First Nine Months of 2007 The Company’s revenues decreased 5% down to Ru 20.90 bln during January – September of 2007 from Ru 21.97 bln during the same period in 2006. Gross profit was Ru 8.94 bln compared to Ru 9.49 bln and sales profit was Ru 6.61 bln compared to Ru 7.44 bln. Net profit decreased to 3.77 ...
2007-11-29 15:02:14 Mechel Announces Submission of Mandatory Offer To Acquire Elgaugol Shares From Minority Shareholders Mechel announces that it has directed its mandatory offer (public offer) to Elgaugol to acquire the remaining shares in the company from its minority shareholders.
As previously announced, Mechel’s subsidiary, JSC Mechel Invest, became the winner in the auction, which was held on ...
2007-11-29 12:59:43 Severstal to sell non-specialized assets Severstal`s Board of Directors has approved the sale of 53.57% shares of JSC Metallurgical Commercial Bank to OJSC Capital.
Member of the Board and CFO of “Severstal” Mikhail Noskov said the decision was taken due to the fact that the company considers this business a ...
2007-11-28 14:40:23 UC RUSAL to construct packaging foil plant in the Moscow region UC RUSAL announces plans to construct a packaging foil plant near the city of Dmitrov in the Moscow region. The project investment will amount to approximately $20 mln. The plant will have an overall capacity of 20,000 tn of packaging foil per year and will increase UC RUSAL’s share of ...
2007-11-28 10:52:35 NOK looking to double charter capital Novosibirsk Tin Works is expected to advance a proposal to its shareholders to double the company’s charter capital. The placement price for the shares of an additional issue was set at $12 per share, i.e. 40% below the market price as of November 11, 2007.
Novosibirsk Tin Works made a ...
2007-11-28 10:33:09 Evraz signs $3.2 bln loan agreement Evraz Group announces signing of a $3,214 mln structured multi-tranche credit facility. The loan facility has the interest rate of LIBOR + 1.8% and consists of a $2,714 mln 5-year tranche secured on assignment of trade receivables and a $500 mln 3-year unsecured tranche. The facility is ...
2007-11-26 10:50:28 MMC Norilsk Nickel General Director in the Big League of Russian Professionals General Director of MMC Norilsk Nickel Denis Morozov became a member of the National Professional Team. The project was initiated by the United Russia party and approved by President Vladimir Putin.
The best Russian professionals of all ages and political convictions took part in the ...
2007-11-26 10:45:58 Skoda JS Begins Testing of Fuel Assembly Module for Temelin Nuclear Plant Skoda JS (Plzen, Czech Republic), a part of OMZ (Uralmash-Izhora Group) announces that it has begun a series of comparative hydraulic tests of a fuel assembly module for the Temelin Nuclear Power Plant, Czech Republic.
The tests will be conducted over the next several months. Their objective ...
2007-11-26 10:41:40 TMK Announces the Completion of the First Stage of its Options Programme TMK announces the completion of the first stage of its three-year options programme (the Programme) Members of the Board of Directors, the Management Board and senior management were eligible to participate.
The Programme was approved in March of this year and split into three ...
2007-11-20 15:17:05 32 Countries of the World Participated in Metal Week in Moscow Metal-Expo’2007 the 13th International Industrial exhibition was successfully held in Moscow on November 13-16, 2007. Such leaders of the steel industry as Magnitogorsk Iron and Steel Works, Severstal, Novolipetsk Iron and Steel Works, Mechel Group, Estar Group of Companies, Pipe ...
2007-11-20 15:13:41 Mechel participates in Metal-Expo’2007 Mechel participated in Metal-Expo‘2007, the 13th International Specialized Exhibition at the All-Russian Exhibition Center, Moscow, during November 13-16, 2007.
Mechel’s uniform corporate stand exhibited products of its Chelyabinsk Metallurgical Plant, Izhstal, Beloretsk ...
2007-11-20 14:40:06 UC RUSAL becomes first Russian company to complete monitoring and analysis of greenhouse gas emissions UC RUSAL reports the completion of an ecological monitoring at the Krasnoyarsk Aluminium Smelter (KrAZ). The research was conducted by Jerry Marks, a respected climate change researcher who is also a specialist consultant for the International Aluminium Institute. UC RUSAL is the first company ...
2007-11-20 13:52:40 ChTPZ Group Ferrous Division Ships 1,625 mln tn of product to customers in January-October 2007 Chelyabinsk Tube-Rolling Plant and Pervouralsk New Pipe Plant both in ChTPZ Group, shipped 1,625 mln tn of pipe products to customers for the period from January to October of 2007, an increase of 14% as compared to the same period of 2006 (1.425 mln tn).
In January-October of 2007, ChTPZ ...
2007-11-20 13:27:52 TMK Increases Production of Premium Oil and Gas Pipes TMK, one of the world’s largest oil and gas pipe producers and the market leader of the Russian pipe industry, today announces that new hot rolling and finishing equipment has been installed at its Volzhsky Pipe Plant subsidiary. The installation of this new equipment, in line with ...
2007-11-09 16:25:43 VSMPO-AVISMA Corporation Participates in Metal-Expo’2007 VSMPO-AVISMA Corporation will again participate in Metal-Expo’2007, the 13th International Metallurgical Exhibition which will be held from the 13th to 16th of November at the Russian Exhibition Centre in Moscow.
The Corporation will present new 3D stereo technologies showing ...
2007-11-07 15:31:00 RUSAL completes large scale casthouse modernization programme at aluminium smelters UC RUSAL reports the completion of a large scale casthouse modernization programme at four of its aluminium smelters: Sayanogorsk, Krasnoyarsk, Bratsk and Novokuznetsk. The investment in the project amounted to approximately $130 mln. The value-added casthouse production has increased ...
2007-11-06 17:30:15 Mechel Announces Syndication of $2 Billion Acquisition Refinancing Package Mechel announces that it has arranged a $2 bln Acquisition Refinancing Package through several banks.
The $2 billion Acquisition Refinancing Package will refinance the acquisition of the issued share capital of Yakutugol OJSHC (75% of the statutory issued share capital minus one share), ...
2007-11-06 14:18:33 TMK Starts Commercial Production of High Performance Pipes TMK today announces that it has started production of special corrosion-resistant seamless line pipes used for the transportation of gas extracted from wells operating in aggressive environments.
This new pipe range was especially developed by TMK’s R&D centre for the Astrakhan gas ...
2007-11-01 12:28:07 Evraz owns now 100% of its major Russian production companies Evraz Group S.A. announced that Evraz Group through its subsidiaries has completed the buyout of all outstanding common stock of steel mills NTMK and Zapsib, iron ore mining and processing complexes KGOK and VGOK, and the Nakhodka Commercial Sea Port.
The procedure was carried out in ...
2007-10-30 14:10:02 UC RUSAL launches full capacity of Khakas Aluminium Smelter ahead of schedule UC RUSAL announced that the Khakas Aluminium Smelter has reached full capacity ahead of schedule, now as the fourth and final complex has been put into operation. The smelter has a production capacity of 300,000 tn per annum. Total investment in the project amounts to over USD 750 mln. ...
2007-10-30 11:26:08 Belon Published Financial Results for the First Half of 2007 Belon Group published its audited consolidated financial statements for the first six months of 2007. These were prepared in accordance with the International Financial Reporting Standards. During the reporting period, the Company improved its key financial indicators: the total revenues ...
2007-10-29 18:24:58 MMC Norilsk Nickel launched electronic declaration of exported goods OJSC MMC Norilsk Nickel launched electronic declaration of its exported goods.
The first electronic cargo customs declaration (CCD) was entered on October 23, 2007 in Murmansk customs zone.
Head of Customs Division at MMC Norilsk Nickel Dmitry Seregin says electronic declaration will ...
2007-10-25 18:15:43 Chelyabinsk Zinc Plant announces its production results for the nine months period of 2007 Chelyabinsk Zinc Plant produced 122,676 tn of SHG zinc and zinc based alloys, an increase of 11.3% as compared to the same period of 2006 (110,178 tn). 48% of the plant output was supplied to the domestic market.
CZP’s subsidiary, Nova Zinc LLC, the operator of Akzhal zinc and lead ...
2007-10-23 18:08:08 Evraz Increases its Stake in Palini e Bertoli to 100% Evraz Group S.A. announces that, further to its acquisition in August 2005 of a 75% plus one share interest in Italian steel plate producer Palini e Bertoli, Evraz has executed a call option in respect of remaining 25% less one share. The consideration paid for the stake was set at ...
2007-10-18 15:42:13 Severstal’s Karelsky Okatysh wins South Korpangsky license for iron ore production OAO Karelsky Okatysh , part of the mining division of Severstal, has won an exploration and production license for the South Korpangsky area of the Korpangskoye iron ore deposit. The auction, organized by the Russian Agency for the Use of Subsoil, took place on Tuesday October 16, 2007 in ...
2007-10-18 15:36:34 UC RUSAL announces 2007 nine month results UC RUSAL announces its production and summary financial results for the first nine months of 2007.
Highlights*:
• Alumina production rose by 5.7% to 8,451,791 tn compared to the same period last year.
• Aluminium production increased by 5% to ...
2007-10-18 12:11:36 Tube Works VSMPO-AVISMA for 9 months of 2007 For 9 months 2007 the enterprise has produced 218,8 tn of titanium tubular production (365,3 thousand meters), 177,7 tn of which (363,6 thousand meters) are seamless cold-finished tubes and 41,5 tn (1,7 thousand meters) are seamless hot-finished tubes (in co-operation with JSC «Nikopol ...
2007-10-18 11:41:19 Operating Results In January–September 2007, production of steam coal increased by 32% to amount to 1,915,000 tons. Such growth was due to operation of the newly launched high-performance face No. 1108 at the Listvyazhnaya mine. The total production ...
2007-10-17 11:31:48 ChTPZ Group Ferrous Division Ships 1,471,000 Tn of Product to Customers in January-September of 2007 Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant, both in the ChTPZ Group, shipped 1,471,000 tn of pipe products to customers for the period from January to September of 2007, an increase of 15% as compared to the same period of 2006 (1,280 thousand tn).
In January-September of ...
2007-10-16 17:14:33 MMK-Atakas JV Decides on the Equipment Supplier A contract has been signed on the supply of process equipment for the MMK Atakas A.S. Joint Venture.
The contract has been awarded to Danieli, Italy, which will supply equipment for both of the JV's production sites in Iskenderun and Istanbul, such as a 2.4 mtpy electric arc furnace (EAF), ...
2007-10-15 15:05:40 TMK Production Results for the First Nine Months of 2007 OAO “TMK” (TMK), one of the world’s largest oil and gas pipe producers and the market leader of the Russian pipe industry, today announces its production results for the nine month period ended 30 th September 2007.
For the first 9 months of 2007, TMK shipped (shipped ...