2007-10-15 12:22:18 MMC Norilsk Nickel announces production figures for 3rd quarter 2007 Mining and Metallurgical Company Norilsk Nickel ("Norilsk Nickel") announces preliminary consolidated production of 75 thousand metric tonnes of saleable nickel for the third quarter of 2007. These figures include production from the Polar and Kola Divisions in Russia and the ...
2007-10-12 12:01:13 IMEAS supplied manual sheet-to-sheet line Globus Stal According to Enzo Minacapilli, representative of IMEAS the Russian steel service centers will follow the global trend among the Evolution of Surface Finishes.
GLOBAL EVOLUTION OF SURFACE FINISHES
-Before 1970: the WET GRINDING was leading the market (75% of market), followed by the WET ...
2007-10-08 14:53:04 NLMK upgrades its hot rolled production facilities NLMK has commissioned reheating furnace # 4 following its reconstruction for heating slabs before hot rolling. The furnace, which has a capacity of 320 tonnes of steel per hour, will allow a 50% reduction in energy consumption (natural and Blast Furnace gas) decrease environmental impacts ...
2007-10-05 13:58:51 INTERIM RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2007 1H 2007 Highlights:
Financials:
· Revenue grew 57.5% to US$6,023 million from US$3,825 million in 1H 2006 due to
recent acquisitions, improved sales mix and growth in average prices of steel products.
· Consolidated adjusted EBITDA was up 87.0% to US$2,050 ...
2007-10-04 14:13:40 UC RUSAL opens trade office in Switzerland UC RUSAL has announced the opening of RUSAL Marketing the company’s main trade office, located in Zug, Switzerland.
RUSAL Marketing will integrate the company’s trading operations across European, Asian and American markets, offering the clients primary aluminium, alloys, alumina ...
2007-10-04 13:59:37 MMK acquired 10.75% stake in Belon Magnitogorsk Iron & Steel Works Open Joint Stock Company announces the acquisition of 10.75% shares in JSC Belon, a Russian producer of coal and coal concentrates.
The decision on participation of JSC MMK in the authorized capital of OAO Belon was taken by the Board of ...
2007-10-01 15:20:19 Evraz Increases its Stake in Highveld to 80.9% Evraz Group S.A. announces that Evraz has executed the option to acquire the remaining Credit Suisse shares in Highveld Steel and Vanadium Corporation. The consideration paid for the 24.9% stake is $219 million.
Evraz now owns 80.9% of the entire issued share capital of Highveld.
2007-10-01 13:54:25 First compliance audit of NLMK’s products successfully completed NLMK is pleased to announce that it has passed a regular compliance audit performed by the certification body TÜV CERT reviewing compliance with the provisions of the European Directive - 89/106/EEC and the right to use CE mark for steel products, produced for civil construction ...
2007-10-01 13:50:34 Commissioning of New Drilling Units at Southern Urals Nickel Plant Mechel announces it has commissioned new self-propelled drilling rigs at the open pit mines of its subsidiary, Southern Urals Nickel Plant. Commissioning of the new equipment will enable Mechel to increase nickel ore mining efficiency while reducing production costs.
The new ...
2007-10-01 12:52:42 TMK to Purchase TNK-BP Service Assets TMK announced that it will acquire service assets from Russian oil and gas giant TNK–BP. This acquisition is part of TMK’s strategy to develop oil and gas services and provide customers with additional benefits. This deal should be completed before the end of 2007.
TMK won the ...
2007-09-28 11:41:40 OMK Selected as Preferred Bidder to Supply Pipes for Nord Stream Subsea Section The Nord Stream Shareholder Committee resolved to sign an agreement with Europipe and OMK for a supply of 1.1 million tonnes of pipes for the first strand of the Nord Stream subsea section. According to the Nord Stream shareholders’ evaluation, both producers proved to have the required ...
2007-09-27 12:37:23 Norilsk Nickel and Mincom extend partnership Mincom, a leading global software and services provider to mining and metals industries, has signed a new large scale long term contract with tMMC Norilsk Nickel.
Under this agreement, Mincom Ellipse is assigned as the standard solution for mining and metallurgical sites of Norilsk's ...
2007-09-26 10:40:20 Skoda JS Wins Tender for Modernization of Control and Management System at Dukovany NPP Skoda JS, a Czech company which is a part of OMZ (Uralmash-Izhora Group) announced that it has won a tender for the second stage of modernization of the Control and Management System at the Dukovany Nuclear Power Plant (NPP), a part of CEZ, the Czech state energy company.
Signing ...
2007-09-24 13:53:58 Basic Element completes deal with Magna Basic Element announced the completion of its previously announced US$1.54 bln strategic investment in Magna International Inc., a Canadian company listed on the Toronto and New York Stock Exchanges. The investment was made by an indirect subsidiary of Russian Machines, a subsidiary of Basic ...
2007-09-24 11:37:01 VSMPO-AVISMA Corporation and Pratt & Whitney Canada Singed a Long-Term Cooperation Agreement PSC VSMPO-AVISMA Corporation and Pratt & Whitney Canada signed a long-term framework agreement on cooperation in August 2007 at the International Aerospace Show MAKS-2007 in Zhukovsky (Moscow region).
The agreement defines relations between the two companies for the period of 10 years ...
2007-09-24 01:17:36 Mechel Announces Decision of The Board of Directors At a meeting of the Mechel Board of Directors held on September 18, 2007, the Board adopted a resolution on the Management Board membership. The following persons were elected members of the JSC Mechel Management Board:
Igor Zyuzin, Mechel CEO and new Management Board Chairman; Alexey ...
2007-09-24 00:48:36 NLMK commissions steel processing line NLMK today announces that it has commissioned a new high-tech pushing type pickling line for hot rolled grain-oriented and carbon steel with capacity of over 300,000 tpy at its production site in Lipetsk.
Its installation will allow two obsolete lines to be retired, thus decreasing ...
2007-09-21 16:10:27 United Company RUSAL announces new management appointments in North America UC RUSAL announces today several senior management appointments at its RUSAL America subsidiary to strengthen the Company’s growing presence in the North American market.
Sergey Bubnov has been appointed President of RUSAL America , reporting to the RUSAL America ...
2007-09-21 14:14:31 Mechel Announces Its Acquisition of Port Temryuk-Sotra
Mechel announces it has acquired 100% of the Temryuk-Sotra seaport shares.
The acquisition is in line with Mechel’s further diversification of its coal and steel product traffic flows in developing its own transport infrastructure.
The Temryuk-Sotra seaport is located at the ...
2007-09-21 14:09:30 Norilsk Nickel approved construction of VS-10 shaft at its Skalisty mine The Board of Directors of MMC Norilsk Nickel reviewed the progress of a project to expand the Skalisty Mine at the company’s Polar Division and approved a contract with Thyssen Schachtbau GmbH (“Thyssen Schachtbau”) for turnkey construction of mine infrastructure and the ...
2007-09-20 17:53:10 VSMPO: US Commerce Dept zero rates magnesium import duty Yesterday, the US Department of Commerce decided to lower the antidumping duty charged on magnesium imports to 0.41%, which is considered to be nil under American antidumping legislation. This means that the Russian corporation, the world’s leading manufacturer of titanium products, will ...
2007-09-20 16:49:47 Severstal wins exploration and extraction rights for the Sagan-Golsky gold field Severnaya Zolotorudnaya Kompaniya, a subsidiary of Severstal, the Russian mining and steel company, has won an auction for the geological exploration and gold extraction rights at the Sagan-Golsky gold field in the Buryatiya Republic . The auction was held by the Subsurface Management ...
2007-09-20 13:45:02 ChTPZ Group Ferrous Division Ships 1,309,000 Tn of Product to Customers in January-August 2007 Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant, both in the ChTPZ Group, shipped 1,309,000 tn of pipe products to customers for the period from January to August of 2007, an increase of 18% as compared to the same period of 2006 (1,111 thousand tn).
In January-August of ...
2007-09-20 10:51:40 Arcelor Mittal Interested in Yakutia's Coal Assets Representatives of the steel smelting company Arcelor Mittal are currently staying in the Yakutian city of Neryungri .
The visit was caused by the interest of Arcelor Mittal in the forthcoming tender on the sale of Yakutugol's and Elgaugol's assets scheduled for October 5 and on ...
2007-09-18 18:11:29 UC RUSAL launches large-scale social investment programme in Nigeria Ikot Abasi, Nigeria September 18, 2007, – UC RUSAL, the world’s largest producer of aluminium and alumina, launched an extensive social investment programme designed to support development of the local communities of UC RUSAL ALSCON, the aluminium smelter in Ikot Abasi, Akwa Ibom ...
2007-09-18 11:55:13 MMK: new mill to be located in Ohio One of Russia ’s largest metal makers Magnitogorsk Metallurgical Plant (MMK) plans to build a new cold-rolled steel mill for automotive applications with annual capacity of 1.5 mln tn. The media wired yesterday that the Ohio authorities will provide the metal maker with a ...
2007-09-13 10:52:04 TMK’s First Shipment of New Pipe Range Z АО “TMK-CPW”, a joint venture between Seversky Tube Works and “Humbel limited” of Cyprus, a subsidiary of the Greek pipe industry leader Corinth Pipeworks S.A., announced today that it has delivered its first shipment of a new pipe range to the Rosneft Oil Company, ...
2007-09-12 12:36:14 Siemens Barred from Boosting Stake in Power Machines The Russian Federal Anti-monopoly Service has refused to grant Siemens AG permission to purchase a controlling stake in Power Machines
The anti-trust watchdog cautioned that approval of Siemens's request would lead to breach of competition laws and dominance on the Russian energy ...
2007-09-12 11:34:57 High quality of OEMK’s steel for automotive industry is confirmed The quality management sytstem at Oskol Electric Steelworks fully meets ISO/TS 16949:2002 standard, which was confirmed during a recertification audit which has been carried out. The certificate is a “must have” for any steel supplier to the international car industry. ...
2007-09-11 13:26:52 Norilsk Nickel Appoints Executive Management Team for International Mining and Metallurgical Operations Norilsk Nickel today announces the appointment of Peter Breese as Chief Executive of Norilsk Nickel’s international mining and metallurgical operations. The international mining and metallurgical operations form part of the Mining and Metallurgical business unit headed by Deputy General ...
2007-09-10 12:33:29 Belon Group Comes to Barnaul A new remote mill products sales point of Belon Group was opened in Barnaul.
Opening of the trading floor in yet another Siberian town is in line with Belon's strategy of overall increase in sales and development of the distribution ...
2007-09-07 15:23:50 UC RUSAL and ANTAM sign memorandum of cooperation UC RUSAL announced the signing of a memorandum of cooperation with Indonesian state-owned company ANTAM to construct a bauxite and alumina complex in Western Kalimantan, Indonesia. The preliminary estimated production capacity of the complex will reach 3.6 million tones of bauxite and 1.2 ...
2007-09-06 18:53:34 MMK Will Build a Plant in Saint Petersburg Yesterday, Valentina Matvienko, Governor of St.Petersburg, and Victor Rashnikov, President of the MMK Managing Company, signed an Investment Agreement.
According to the document, by 2010 OJKSC MMK intends to build a stamping plant and a service center in St.Peterburg.
Investments in ...
2007-09-05 15:11:19 Chelyabinsk Zinc Plant Begins Shipments to the UK Chelyabinsk Zinc Plant announced today that it has begun supplying zinc to the Brock Metal Company (UK). The first shipment will amount to 1,000 tonnes of metal. By the end of 2007, CZP expects to ship 6,000 tonnes of zinc to the UK. In 2008 annual shipments are expected to reach 22,000 tonnes. ...
2007-09-03 17:54:17 NLMK signed contract to supply another pre-painting line Novolipetsk Steel (NLMK) has signed a contract with the German company “Sundwig” to supply its third pre-painting line which will have an annual production capacity of 200,000 tonnes of steel. The contract is worth EUR 33 million. The new equipment will be delivered within 14 ...
2007-09-03 14:06:31 Charter capital will decrease Shareholders of Magnitogorsk Iron&Steel Works adopted a decision at the August 30 EGM to merge with MMK Capital which owns 498,495,023 of MMK’s shares, or 4.27% of the charter capital.
MMK said in a statement that its stock owned by MMK Capital will be redeemed. As a result, ...
2007-09-03 12:47:04 Severstal Shareholders to Consider H1 Dividends The Board of Directors of Severstal has recommended that its shareholders approve at an annual meeting on September 28, 2007 the payment of RUR10 (approx. USD0.39) per share and GDR as dividend for the first six months of 2007, the Russian steelmaker's official documents state.
Each GDR ...
2007-08-31 11:34:32 MMK and Gazprom clinch cooperation agreement until 2015 Victor Rashnikov, President of the MMK Managing Company, and Alexander Ananenkov, Deputy Chairman of the OJSC Gazprom Management Board, have signed the Cooperation Agreement Between OJSC MMK and OJSC Gazprom for the Period up to 2015.
According to the document, the parties will, on a ...