2007-07-18 15:12:38 ChTPZ Group Ferrous Division Ships 971,000 Tons of Product to Customers for the first six month of 2007 Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant, both in the ChTPZ Group, shipped 971,000 tons of pipe products to customers for the first six months of 2007. This is 28% more than for the same period of 2006 (761,300 tons).
In January-June 2007, ChTPZ sold 539,000 tons of pipes. ...
2007-07-18 13:40:13 New Video Has Been Pasted on Metal-Expo Official Web Page Some pages of Metal-Expo, International Industrial Trade Show official web-page have been updated. Metal-Expo has posted new reviews of steel producers, consumers, traders as well as scientific institutions about the exhibition .
Metal-Expo has also opened a new page entitled ...
2007-07-17 16:12:07 MMK: new growth strategy calls for 40% hike in investments The BoD of Magnitogorsk Metallurgical Plant, has approved a new long-term rollout strategy for 2007-2013. In line with the plan, total investments that MMK intends to allocate to implementing new projects over this period will amount to $5.596 bln, which ...
2007-07-17 11:53:01 Evraz Extends the Offer Period to Acquire Highveld Shares Evraz Group S.A. announces that, following its announcement of 4 June on the offer to acquire shares in Highveld Steel and Vanadium Corporation Limited ("Highveld"), other than those currently held by Evraz, and its announcement of 4 July on the extension of the offer period, ...
2007-07-17 11:36:48 Mechel announes the commissioning of new equipment at Beloretsk metallurgical plant Last weekend at Beloretsk Metallurgical plant, new equipment for production of rope, fastener and fibre wire was commissioned. The new equipment has been manufactured by Ernst Koch, one of the leading German manufactures of industrial equipment. The official ceremony for opening the new ...
2007-07-17 10:51:12 UC RUSAL opens Industrial Park Siberia branch in Komi Republic UC RUSAL today announced the launch of a new branch of Industrial Park Siberia in the town of Ukhta. The new plant will supply metal structures for the ongoing construction of a bauxite and alumina complex within the Komi Aluminium project. The plant is expected to produce about 51,000 tonnes ...
2007-07-13 16:03:33 Izhorskiye Zavody Successfully Completes Contract with Uralskaya Stal Izhorskiye Zavody OJSC, a part of OMZ (Uralmash-Izhora Group) announced that it has successfully completed production of metallurgical equipment for Uralskaya Stal company located in Novotroitsk, Orenburg region.
The contract for production of the equipment was signed in August 2005. It ...
2007-07-12 13:33:09 Seversky Tube Works and Corinth Pipeworks JV launches new product line ZАО “TMK-CPW”, a joint venture between Seversky Tube Works, TMK, and “Humbel limited” of Cyprus, a subsidiary of the Greek pipe industry leader Corinth Pipeworks S.A. announced today that it has launched a new production line at the Seversky Tube Works plant.
The ...
2007-07-12 11:51:46 Mechel reports 2007 first quarter results Mechel announced financial and production results for the first quarter ended March 31, 2007.
US$ thousand
1Q 2007
1Q 2006 ...
2007-07-11 09:57:35 Metalloinvest reports H1 2007 operational results In the first half of 2007 production output at the iron ore mining and dressing enterprises managed by Metalloinvest Management Company (Lebedinsky GOK and Mikhailovsky GOK) and at the steel enterprises of the Holding (Oskol Electric Steel Works and Ural Steel) maintained flat year on ...
2007-07-10 14:52:40 Chelyabinsk Zinc Plant New Share Issue On July 6, 2007 the Board of Directors of Chelyabinsk Zinc Plant voted to increase the charter capital of Chelyabinsk Zinc Plant by 48,775,869 rubles by a share distribution to the Company’s shareholders of 48,775,869 additional common registered shares with a par value of 1 ruble each. ...
2007-07-10 12:06:21 Mechel announces the commissioning of an automated alumina transshipment complex at port Kambarka JSC Mechel announces the commissioning of an automated alumina transshipment complex, Albatross, at its subsidiary, Port Kambarka, in line with its technical re-equipment plan.
The commissioning of the self-propelled weighing complex, Albatross, took place on July 7 during the ...
2007-07-10 10:16:32 MMC Norilsk Nickel is through the second compliance audit MMC Norilsk Nickel is through the second compliance audit of its Integrated Quality Control and Environmental Management System (IQCEMS) held by Bureau Veritas Certification, an independent certification organization.
The compliance audit checked compliance with international standards but ...
2007-07-09 14:57:22 TMK Production Results for the First Half of 2007 TMK today announces 2007 half year (H1) production results.
For the first 6 months of 2007, TMK shipped[1] 1,575.9 thousand tonnes of steel pipes, exceeding shipments for the same period last year by 8.0 %.
Volumes of shipped pipe products for H1 2007
(thousands of tonnes) ...
2007-07-09 13:40:43 Walter Ballandino appointed Highveld's CEO Evraz Group S.A. announces that at its meeting held earlier today the Board of Directors of Highveld Steel and Vanadium Corporation Limited in which Evraz is a major shareholder, has approved the appointment of Walter Ballandino as Chief. Executive Officer of the Corporation effective ...
2007-07-09 11:44:10 Mechel provides additional information regarding its capital expenditure program till 2011 As the result of a thorough analysis of Mechel’s investment capabilities, which are based on its solid, consistent operational cash flow, the Company has decided to expand its capital
expenditure program to US$2.7 billion for 2007-2011 in both the mining and steel segments, as ...
2007-07-06 11:59:43 MMK, Kamaz Sign Strategic Agreement
Magnitogorsk Iron & Steel Works (MMK) and truck maker Kamaz signed a strategic partnership agreement on Thursday.
The companies have agreed to form a working party to assess MMK's technical capability to produce the whole range of metal used by Kamaz.
Automobile plants ...
2007-07-05 15:30:35 Evraz announces extension of the offer period Shareholders of Highveld Steel and Vanadium Corporation Limited ("Highveld") are referred to the announcement dated 4 June 2007 and the circular to shareholders of Highveld dated 4 June 2007 ("circular") relating to the offer by Evraz Group S.A to acquire the ...
2007-07-04 15:37:16 Rexam acquires Rostar for $297 mln Rexam, the global consumer packaging company and the world's leading beverage can maker, is pleased to announce that it has agreed to acquire Rostar, the Russian beverage can maker, from En+ Group Limited, the parent of Rusal, the Russian aluminium group, for a total cash consideration of ...
2007-07-03 17:28:53 Russian service centres seek funds for expansion Russia’s steel service-centre market is growing so fast, driven by consumption growth in construction, machinery, white goods and autos, that the leading companies have decided to raise new capital through share placement, credit-linked notes, and bonds.
Inprom will be the first of the ...
2007-07-03 12:50:51 Evraz commences disposal of Highveld selected assets Evraz Group S.A. announces that Evraz has formally commenced the process of disposing of some of the selected assets of
Highveld Steel and Vanadium Corporation Limited ("Highveld") in accordance with Evraz's commitments to the European Commission and the South African ...
2007-07-03 11:47:08 Mechel announces results of its annual general shareholders’ meeting JSC Mechel announces the results of its Annual General Shareholders’ Meeting.
The Annual General Shareholders’ Meeting adopted the following resolutions:
• To approve a dividend of RUR 19.70 per one ordinary registered book-entry share (about USD 2.27 per one ADR 1) based ...
2007-07-02 17:12:44 NLMK upgraded reversing mill for producing grain-oriented steel NLMK has upgraded its reversing cold rolling mill for production of electrical grain-oriented steel to raise its capacity from 67 to 130 thousand tonnes per year, increase production of steel with advanced magnetic properties, replacing two obsolete production lines..
This project has ...
2007-07-02 16:18:23 Strong first quarter results Financial Results for the three months ended 31 March, 2007
($ million unless otherwise stated)
Q1 2006
Q1 2007 ...
2007-07-02 13:36:51 Chelyabinsk Zinc Plant Completed Acquisition of Brock Metal Chelyabinsk Zinc Plant on the 29th of June, 2007, completed the acquisition of Brock Metal business (Norton Canes, Cannock, Staffordshire), the leading UK supplier of zinc and aluminum die-casting alloys, from the Alumasc Group plc.
The transaction is worth £0.35 million plus an ...
2007-07-02 10:58:27 NLMK-Duferco JV completes the acquisition of a 100% interest in Winner Steel
NLMK-Duferco JV has completed the acquisition of 100% in Winner Steel INC. for approximately USD 211.6 million.
Winner Steel is one of the largest independent galvanized steel producers in the United States. Its operations are located on a single site in Pennsylvania and ...
2007-06-29 13:59:12 Norilsk Nickel Acquires Approximately 90% of LionOre’s Shares OJSC MMC Norilsk Nickel today announced that 201,089,154 common shares of LionOre Mining International Ltd, representing approximately 90% of the LionOre common shares outstanding, were deposited to Norilsk Nickel's offer to acquire all of the outstanding common shares of LionOre for ...
2007-06-29 13:46:19 OMZ announced results of Annual General Meeting OMZ (Uralmash-Izhora Group) held its Annual General Meeting in Moscow on 28 June, 2007.
More than 89% of shareholders participated in the meeting. All resolutions put to shareholders’ vote were duly passed.
Shareholders approved the Company’s 2006 annual report ...
2007-06-29 11:54:57 Basic Element Announces Establishment of the Aviation Sector Development of transport infrastructure is one of Basic Element’s key priorities. At the beginning of 2007 Basic Element announced creation of the Infrastructure Sector which focuses on building bridges, roads and other objects of infrastructure. In order to bring best ...
2007-06-29 11:02:15 VSMPO-Avisma boosts dividends 34% Shareholders of VSMPO-Avisma Corporation have authorized a dividend payout for FY06 equaling $1.95 (Rub 50.83) per share, which is a 34% increase on FY05. The total dividend payout amounts to around $22.5 mln, or 10%, of FY06 RAS net income, which totaled $225 mln. ...
2007-06-28 17:20:26 Belon Increases Coal Production During the first 5 months of 2007, Belon Group increased its total coal production by 31% (462,000 tons) compared to the similar period of the last year— to reach 1,950,000 tons.
In January–May this year, 1,022,000 tons ...
2007-06-28 16:03:53 TMK in merger talks with Interpipe According to media reports yesterday, Pipe Metallurgical Company (TMK) is discussing a possible merger with Interpipe.
Yesterday the market was once again agog with reports of a possible merger between Pipe Metallurgical Company and Ukrainian pipe holding Interpipe. Citing ...
2007-06-27 17:58:34 TMK approved a 2006 dividend of 4.3 RUR per share The Annual General Meeting of Shareholders of OAO “TMK” was held in Moscow on June 27, 2007.
Shareholders elected the Board of Directors and the Auditing Committee, as well as approved the annual report and financial statements, for the 2006 financial year. OOO ...
2007-06-27 15:52:11 All Required Regulatory Approvals Obtained for Norilsk Nickel Offer for LionOre OJSC MMC Norilsk Nickel announced that with the receipt of Investment Canada approval in respect of its all-cash offer for all of the issued and outstanding shares of LionOre Mining International Ltd all regulatory approvals required in connection with Norilsk Nickel’s offer have now ...
2007-06-26 14:36:10 Norilsk Nickel Offer for LionOre Receives South African Approval OJSC MMC Norilsk Nickel announced that it received notice from South Africa’s Competition Commission that its proposed acquisition of control of LionOre Mining International Ltd has been approved under the South African Competition Act No. 89 of 1998 (as amended). The Competition ...
2007-06-25 15:51:31 Evraz Board appoints CEO Evraz Group S.A. announces that subsequent to the resolutions of the Annual General Meeting of 20 June 2007, Evraz's Board of Directors has resolved the following:
• To delegate the daily management of the Company's business to Alexander
Frolov and ...
2007-06-25 14:42:20 UC RUSAL launches construction of Taishet Aluminium Smelter in Irkutsk region United Company RUSAL announces the start of construction of the Taishet aluminium smelter in the Irkutsk region. The smelter’s annual capacity will total 750,000 tonnes of aluminium. The projected volume of investments into construction of the facility is approximately USD 2 bln. ...
2007-06-22 12:07:41 VSMPO-Avisma could go public in 2008-2009 Russian VSMPO-Avisma could launch an IPO in late 2008, chairman of VSMPO-Avisma’s BoD and Head of Rosoboronexport (the company’s largest shareholder) Sergei Chemizov made this statement yesterday. It is noteworthy that VSMPO-Avisma has already ...
2007-06-22 11:06:04 Basic Element announced a 40% increase in revenue to $18.475 billion in 2006 In 2006 Basic Element divided its businesses into five sectors. The largest sector, which is energy (En+), includes UC RUSAL, Eurosibenergo, United Oil Group and Salamon Enterprise. En+ revenues increased 47% to $10.869 billion. Sales in the manufacturing sector, which ...
2007-06-21 12:42:48 AvtoVAZ, VSMPO-Avisma and Itera to Develop a Joint Energy Venture VSMPO-Avisma and AvtoVAZ, controlled by Rosoboronexport, will create jointly with the oil and gas company Itera a joint venture to provide themselves with electricity.
This announcement was made by Head of Rosoboronexport Sergey Chemezov. He reminded that Rosoboronexport has some energy ...
2007-06-21 12:40:11 ChTPZ Group Signs Agreement with SMS MEER Chelyabinsk Pipe Rolling Plant announced today an agreement with SMS MEER company (Germany) for €160 million in technological equipment for a pipe electric welding workshop specializing in the production of large diameter pipe. Preparation work for construction of the workshop was begun ...
2007-06-20 11:09:51 Q107 consolidated revenue could reach $1 bln Pipe Metallurgical Company intends to report around $1 bln consolidated revenue for Q107, according to the company’s CEO Konstantin Semerikov, who also expects that gross profit will total $330 mln.
According to analytic’s estimates, TMK’s ...
2007-06-19 15:46:21 UC RUSAL and AREVA create joint venture United Company RUSAL has signed an agreement with French energy giant AREVA, to form a 50-50 joint venture in Russia that will produce electrical equipment for aluminum smelters.
Established in Russia’s Yekaterinburg on the base of the Russian Power Engineering Company, over the ...
2007-06-18 13:10:40 Belon Invests over 550 Million Rubles in Development of its Railways In 2007, Belon Group will invest over 550 million rubles in development of its railways, which amounts to over 10% of the total planned investments. The company will allocate this money to construction of railway facilities of the Kostromovskaya ...
2007-06-18 11:09:03 Norilsk Nickel Offer for LionOre Receives Norwegian Approval OJSC MMC Norilsk Nickel announced that Norilsk Nickel's proposed acquisition of control of LionOre Mining International Ltd. ("LionOre"), which was notified in Norway on May 21, 2007, has been approved under the Norwegian Competition Act of 5 March 2004 (the "Act"). The ...
2007-06-14 14:59:40 UC RUSAL mandates banks to arrange USD 2 bln facility UC RUSAL has mandated ABN AMRO, Barclays Capital, BNP Paribas, Calyon, Citi, ING, Natixis and Societe Generale Corporate and Investment Banking to arrange and underwrite a USD 2 bln syndicated pre-export finance facility.
The funds will be used to refinance a number of unsecured ...