2007-08-30 16:32:52 OMZ-SpecStal Begins Construction of High-Powered 120 Ton Heavy-Duty Electric Steelmaking Furnace OMZ (Uralmash-Izhora Group) announces that its OMZ-SpecStal subsidiary has begun construction of a next-generation high-powered 120 ton heavy-duty electric arc steelmaking furnace.
The construction was begun with the building of a new electric steel making section located near ...
2007-08-29 15:03:42 Listvyazhnaya Coal Preparation Plant Opens up New Prospects Comprehensive testing of equipment in operating modes and production of pilot lots of cleaned steam coal started at the Listvyazhnaya coal preparation plant (Belon Group). After technological checkout, the new plant will be put into operation.
According to estimates, by the end of ...
2007-08-28 16:38:39 Mechel Announces Acquisition of Bratsk Ferroalloy Plant JSC Mechel announces acquisition of 100% stake in the charter capital of Bratsk Ferroalloy Plant OOO (BFP OOO).
The acquisition is in line with Mechel’s strategy aimed at developing its steel segment, improving its operational efficiency, reducing production costs, and ...
2007-08-27 11:25:00 Dividend Declaration The Board of Directors of Novolipetsk Steel, NLMK (LSE: NLMK), the leading Russian steel producer, today recommended for the approval of shareholders an interim dividend in respect of the first six months of 2007 of RUR 1.5 per ordinary share (1 Global Depositary Share = 10 ordinary shares). ...
2007-08-27 11:16:35 OMZ Announces Large Scale Investments into Its Metallurgical Business OMZ is currently developing its strategy for the development of the company’s metallurgical business to 2011. The strategy provides for a doubling of sales, by US$1 billion, technical modernization and implementation of the latest technologies. The OMZ metallurgical division, which ...
2007-08-24 17:11:05 Shell Global Solutions Certificate Issued to OMK Shell Global Solutions International B.V. officially informed OMK of the issue of a certificate confirming the compliance of large-diameter pipes (LDP) produced by the TESA 1420 shop (JCO line) of Vyksa Steel Works (VSW), part of United Metallurgical Company (OMK), with Shell's standards. ...
2007-08-24 15:40:01 Fitch Affirms Norilsk Nickel At 'BBB-'; Outlook Stable Fitch Ratings affirmed Russia-based OJSC MMC Norilsk Nickel's Long-term Issuer Default Rating ("IDR") and senior unsecured ratings at 'BBB-' (BBB minus) and its Short-term IDR at 'F3'. The Outlook for the Long-term IDR is Stable.
The ratings reflect NN's position as the world's ...
2007-08-22 14:02:51 MMK occupies leading positions among Russian steel producers as regards value added products According to Chermet data, MMK holds the first place in Russia in production of hot rolled flat products, cold rolled bands and cold-formed sections, with a second place in steel articles (metalware), galvanized and polymer coated flat products, and a third in cold rolled flats. MMK is the ...
2007-08-22 12:48:56 UC RUSAL restarts Alpart and Windalco alumina refineries UC RUSAL announces the restart of Alpart and Windalco alumina refineries which were suspended on August 18 ahead of Hurricane Dean. The facilities remain undamaged as a result of the efficient work carried out by the refineries’ technical services teams.
About ...
2007-08-21 12:08:00 TMK acquires pipe coating producer Truboplast JSC TMK reached an agreement to acquire 100% of share capital in OOO “Truboplast”. The consolidation of “Truboplast” into TMK’s structure is planned to be completed by the end of 2007.
OOO “Truboplast” is one of Russia ’s largest producers ...
2007-08-20 17:38:51 VSMPO-AVISMA Corporation will Participate in the International Air Show MAKS-2007 The Air Show will be held on August 21-26, 2007 in Zhukovsky city, Moscow region.
The particular feature of this Air Show is that for the first time many Russian aircraft-building companies will appear under the aegis of the United Aircraft-Building Corporation, which will demonstrate all ...
2007-08-20 17:33:32 Listvyazhnaya Coal Preparation Plant Becomes New Benchmark in Belon’s Development Belon Group completed construction of the Listvyazhnaya coal preparation plant, which proved to be one of the key investment projects of the Company. The total investment in the plant construction amounted to 3 billion rubles (exclusive of VAT). ...
2007-08-17 16:58:24 Alcoa to Find Way to Russia’s Sky Russia ’s division of the U.S. Alcoa has finally got a chance to make profit-raising its two plants. The company will ink a cooperation agreement with United Aircraft Construction Corp., or UAC, during the MAKS 2007 Air Show.
In time of MAKS 2007, UAC is going to sign a ...
2007-08-17 15:10:37 Severstal to double PPGI output Severstal has signed a contract with German firm SMS Demag for the delivery of a second line with annual design capacity of 200,000 tn of pre-painted galvanized iron. In two years’ time, when the line is commissioned, Severstal will double output of this product.
Severstal will ...
2007-08-16 11:53:26 Evraz Group’s major operating subsidiaries report 2Q 2007 RAS Financial Results Evraz Group S.A. announces that its major Russian operating subsidiaries [1] have filed financial results with the Federal Financial Markets Service of the Russian Federation (FFMS) for the three months ended June 30, 2007 . The results are prepared in accordance with Russian accounting ...
2007-08-16 11:48:16 UC RUSAL’S Aluminium Division receives ISO 14001 UC RUSAL is pleased to announce that its Aluminium Division has been awarded an international environmental management standard ISO 14001 certificate.
The certificate was issued by Det Norske Veritas (DNV), an international auditing company based in Norway, which confirms that UC ...
2007-08-15 16:02:00 Mechel Announces Opening of New Warehouses by Mechel-Service Mechel ОАО announced that its trading company, Mechel-Service OOO, opened new warehouses in July and plans to further expand its distribution network.
The Company opened a total of 5 new units in Moscow, Yekaterinburg, Sochi, St.-Petersburg, in addition to those it had had in these ...
2007-08-15 12:45:19 VSMPO-AVISMA starts an implementation of enterprise resource planning system based on SAP software The Board of Directors of VSMPO – AVISMA Corporation approved a decision to implement an enterprise resource planning (ERP) system based on SAP software.
With SAP ERP information system both production plants of the Corporation – VSMPO and AVISMA should be in a position to ...
2007-08-15 11:51:14 Norilsk Nickel’s Offer to LionOre Shareholders Expires With Over 97,7% of Shares Tendered OJSC MMC Norilsk Nickel announced that 241,518,856 common shares of LionOre Mining International Ltd representing in excess of 97.75% of the LionOre common shares outstanding have been acquired, or will be taken up with payment to be made shortly, by Norilsk Nickel under its all-cash offer to ...
2007-08-14 14:55:46 Severstal acquires 22% of the issued shares of Celtic Resources Holdings Plc ZAO Severstal Resurs (“Severstal Resurs”), which manages the mining assets of OAO Severstal, announces that Severstal’s subsidiary Bluecone Limited has agreed to acquire for cash approximately 12.3 million common shares of Celtic Resources Holdings Plc ...
2007-08-14 13:49:13 OMZ has won an international tender for the manufacture of two hydrocracking reactors for TANEKO OMZ, belonging to Uralmash-Izhora Group has won an international tender for the manufacture of two hydrocracking reactors for the company TANEKO (TATNEFT Joint-Stock Company), a newly built complex for fine oil processing in the city of Nizhnekamsk.
The contract’s value exceeds RUR ...
2007-08-14 12:03:00 Belon: First Semester Results According to the results of the fist semester of 2007, Belon Group improved its key performance indicators. The total coal production at the mines increased by 46% (or by 788,000 tn) compared to the corresponding period of the preceding year, ...
2007-08-10 15:47:43 MMK Goes Automotive MMK has acquired a 75% interest in ZAO Intercos-IV.
The decision was taken on July 13, 2007 , by MMK’s Board of Directors.
Intercos-IV, a company set up in St.Petersburg in 1992, is a manufacturer of large-size stamping dies weighing up to 70 tons and stampings for ...
2007-08-09 16:20:37 Mechel announces commissioning of new mining machinery JSC Mechel announces that the Company has commissioned new modern backhoe excavators at its iron ore mining subsidiary, Korshunov Mining Plant, and at deposits of its nickel mining subsidiary, Southern Urals Nickel Plant. The new machines will increase Mechel’s efficiency of iron and ...
2007-08-09 15:17:13 UC RUSAL launches modernization of Bratsk aluminium smelter UC RUSAL has announces the start of modernisation of Bratsk aluminium smelter, the world’s largest, to reduce environmental impact and increase efficiency. The first stage of the project will be completed in 2011, costing USD 350 million in investment.
The modernization programme ...
2007-08-09 12:24:14 ChTPZ Group Ferrous Division Ships 1,138,200 Tn of Product to Customers in January-July 2007 Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant both in the ChTPZ Group, shipped 1,138,200 tn of pipe products to customers for the period from January to July of 2007, an increase of 23% as compared to the same period of 2006 (925,600 tn).
In January-July of 2007, ChTPZ ...
2007-08-08 15:50:10 Results of Evraz\'s Offer to Acquire Highveld Shares Evraz Group S.A. announces that the offer made by Evraz on 4 June 2007 to acquire the entire issued share capital of Highveld Steel and Vanadium Corporation Limited, other than those shares currently held by Evraz, for a consideration of ZAR 93 ("offer") closed at 17h00 (SA time) on ...
2007-08-08 11:30:25 UC RUSAL announces release of employees kidnapped in Nigeria The six kidnapped Russian citizens, comprising five UC RUSAL employees and one employee\'s relative, were released today in Nigeria. They were taken hostage on June 3, 2007 in the company’s residential compound near the town of Ikot Abasi, Nigeria.
The release of the hostages was ...
2007-08-07 12:28:36 Mechel Announces Decisions of Shareholders’ Meeting And Board Of Directors JSC Mechel announces that an Extraordinary General Shareholders’ Meeting and a meeting of the Board of Directors were held today.
At the meeting, the shareholders agreed to approve the “Bylaw on the collegial executive body (Management Board).” The creation of the ...
2007-08-02 11:54:29 Inprom Group's releases 2006 IFRS consolidated financial statements Inprom Group's operating profit in 2006 grew by 174%, year-on-year, hitting $21.35 million against $7.8 million, according to the consolidated financial statements, audited to IFRS by independent auditors Deloitte & Touche. Sales stood at $446.6 million, up 59.8% from 2005 (279.5 million), ...
2007-08-01 15:23:55 Evraz purchases a stake in Highveld from Credit Suisse Evraz Group S.A. announces that the Board of Directors has approved the purchase of a 24.9% stake in Highveld Steel and Vanadium Corporation ("Highveld") from Credit Suisse International for an amount of up to US$219 million, thus exercising an option to increase Evraz's stake in ...
2007-07-31 12:04:28 New Management Board Members of Novolipetsk Steel approved The Board of Directors of Novolipetsk Steel today approved new Management Board membership submitted by the company’s President (Chairman of the Management Board).
The composition of Company’s Management Board is as follows:
- Alexey Lapshin – President, Chairman of ...
2007-07-31 10:23:20 MMC Norilsk Nickel announces production figures for 2nd quarter 2007
Mining and Metallurgical Company ("MMC") Norilsk Nickel ("Norilsk Nickel") announces preliminary consolidated production figures for the second quarter of 2007. These figures include production from Norilsk Nickel Harjavalta, which was acquired on March 1, 2007, as ...
2007-07-30 22:02:33 Mechel announces commissioning of new mining machines at Southern Kuzbass JSC Mechel announces the commissioning of new mining machines at the open pit mines of its coal mining subsidiary, Southern Kuzbass OAO. The commissioning of the new machines will allow Mechel to increase efficiency of coal mining and reduce production costs.
The new machines were put ...
2007-07-30 15:03:30 New recreation centre to be built in Lipetsk NLMK has begun construction of a modern recreation facility in Metallurgov Park. The centre’s location provides residents of the Left-bank area with easy access to the city, offering them the opportunity to practice sport in their own district.
The total project ...
2007-07-30 13:40:08 Chelyabinsk Zinc Plant Reports 14.6% production increase in Q1 2007 Chelyabinsk Zinc Plant is pleased to announce its production results for the first half of 2007.
January to June 2007, Chelyabinsk Zinc Plant produced 80,385 tonnes of SHG zinc and zinc based alloys, an increase of 14.6% as compared to the first half of 2006 (70,139 tonnes). 49% of the ...
2007-07-27 12:32:10 A Copper Company has been Offered to Basic Element in Exchange for Olympics Contracts On July 31 another tender will be announced for privatization of RTB Bor, a Serbian copper company. The upset price should amount to $340 mln. Soyuzmetalloresurs incorporated in Basic Element Resourses Division has already showed interest in participation in the tender. Some analysts say, the ...
2007-07-27 12:30:36 Severgal has Produced Half a Million Tons of Hot-Dip Galvanized Rolled Products Severgal line for production of hot-dip galvanized rolled products has produced half a million tons of products since it was launched. Severgal (fully owned by Severstal) was founded in February 2002. The company produces galvanized sheets (thickness – 0.4-2.0 mm, width - 900 to 1850 mm) ...
2007-07-26 13:42:00 MMK to Increase Share of High Value Added Products up to 85.4 % by 2013 Over the latest decade MМК has been increasing the share of subsequent conversion products. In 2002 the biggest in Russia continuous hot-dip galvanizing unit with the capacity of 500 thou tons per year was put into operation at the mill. In 2004 a polymer coating unit with the capacity of 200 ...
2007-07-25 15:48:40 New Deputy Director General for External Trade Affairs has Taken up a Post at Mechel Mr. Oleg Rozenberg has been appointed Mechel Management Company Deputy Director General for External Trade Affairs. Mr. O. Rozenberg’s functions include development of sales systems of Mechel mining and metallurgical plants in the international markets, as well as matters related to ...
2007-07-25 13:17:46 Norilsk Nickel has Prolonged Term of Validity of its Offer to LionOre Share Holders till August 13 Today Norilsk Nickel has announced the prolongation of term of validy of its offer regarding buying of all the issued and current shares of LionOre at CAD 6.8 billion till 20:00 Toronto time, Monday, August 13, 2007.
Norilsk Nickel press service says prolongation of the term of validity ...
2007-07-24 12:11:42 The Government of the Sverdlovsk Region Intends to Speed up Starting up of Asbestos Magnesium Plant The Ministry of Industry, Energy and Science of the Sverdlovsk region says the new complex of Asbestos Magnesium Plant will require 256 mln cubic meters of gas a year to meet technological and household demands at the first stage whereas after reaching its production capacity the plant will ...
2007-07-24 12:08:34 Trubodetal to Invest $23 mln in Built-Up Steel T-Joints Manufacture Trubodetal has begun to carry out an investment project on building facilities for built-up steel T-joints manufacture. The goal of the project is to master new types of products: low pressure (1.6-5.6 MPa) and high pressure (9.8-15 MPa) T-joints. Since high pressure T-joints are not produced ...
2007-07-24 10:39:37 MMK Reconstructs the Biggest Mill Reconstruction of hot rolling mill 2000 at sheet rolling plant # 10 continues at Magnitogorsk Iron and Steel Works (MMK). The mill put in operation in 1994 is still the most productive at MMK; last year more than 5.5 mln tons of hot rolled sheets were produced at the mill. Today the mill is ...
2007-07-23 12:27:56 CZP Receives OHSAS 18001:1999 Certificate Chelyabinsk Zinc Plant (LSE: CHZN, RTS: CHZN), Russia’s largest producer of zinc and zinc alloys, has passed a regular certification audit of its integrated management system. The audit was carried out by the internationally recognized independent certification organization Bureau ...
2007-07-20 12:48:33 Independent auditors confirm compliance of NLMK with international standards NLMK is pleased to announce that its Environment Management System has passed an oversight audit for compliance with the international standard ISO-14001:2004 “Environment management system” conducted by an independent certifying body TÜV CERT (Germany). The company also ...
2007-07-19 13:52:11 UC RUSAL announces H1 2007 Results Highlights i
• Alumina production rose by 4.6% compared to the same period last year and amounted to 5,583,833 tonnes.
• Aluminium production increased by 3.8% to 2,037,236 tonnes compared to the first half of 2006.
• Output of high value-added ...
2007-07-19 12:02:18 MMK boosts net profit The net profit of Magnitogorsk Iron and Steel Works (MMK) under Russian Accounting Standards (RAS) grew 68.12 percent to over RUR26.1bln (approx. USD1.03bln) in the first half of 2007 compared to the same period a year earlier. According to the company's data, net profit stood at around ...