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Golden umbrellas signified supreme power in ancient Babylon, Assyria and Phoenicia

In India golden umbrellas signify power and protection. Many Indian sovereigns decorated their luxurious palaces with golden umbrellas.

Russian ferrous metallurgy news

Evraz Group | 02 September

Evraz announces interim results for 1H 2010

Evraz announces interim results for 1H 2010 Evraz Group S.A. (LSE: EVR) today announces its unaudited interim results for the six months ended 30 June 2010. 1H 2010 Highlights: Financials: * Consolidated revenue US$6,379 million (+38% vs. 1H 2009) * Consolidated adjusted EBITDA US$1,154 million (+147%) * Net loss US$270 million. Without the effects of non-cash and one-off transactions there would have been a net profit of US$284 million . * Operating cash flow US$744 million * Total debt US$7,873 million (vs. ...

Severstal | 01 September

Severstal announces changes to its Senior Management Team

Severstal announces changes to its Senior Management Team OAO Severstal (LSE: SVST), one of the world’s leading integrated steel and mining companies, announces changes to its senior management team. Alexander Grubman, currently CEO of Severstal Resources division, has been appointed as CEO of Severstal Russian Steel. Anatoly Kruchinin, currently CEO of Severstal Russian Steel and the Cherepovets Steel Mill, will be appointed as deputy CEO of SeverGroup. Alexander joined OAO Severstal in 2006. Since June 1, 2009 he has held the ...

Russian non-ferrous metallurgy news

VSMPO-Avisma | 02 September

New associated company of VSMPO-AVISMA Corporation

 New associated company of VSMPO-AVISMA Corporation PSC VSMPO-AVISMA Corporation announced of an associated company promotion – LLC AVISMA- Kosmos. The associated company will be involved in power transfer using facilities and equipment of power substation “Kosmos”, commissioning of which is planned in the end of 2010. Power substation capacity is estimated at 450 MW. Taking into consideration titanium production development, internal consumption of AVISMA affiliate will not exceed 50 % of “Kosmos” ...

RUSAL | 01 September

RUSAL to launch Russian Depositary Receipts Programme

 RUSAL to launch Russian Depositary Receipts Programme UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces its intention to launch a Russian Depository Receipts (RDR) Programme and to arrange for the listing/the admission to trading of Russian Depository Receipts on CJSC “MICEX Stock Exchange” and OJSC “Russian Trading System” Stock Exchange. The RDR Programme is expected to be launched by the end of 2010, subject to compliance with all relevant regulatory ...

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