OAO Severstal, one of the world’s leading steel and mining companies, with key assets in Russia, the US and Europe has posted today results for 12 months ended 31 December 2009. Revenue decreased to $13,054 million from $22,393 (FY2008)million because of market conditions, particularly in the first half of 2009, which led to lower sales volumes and average prices. EBITDA (Earnings before interest, tax, depreciation and amortization) decreased to $844 million from $5.368 ...

Novolipetsk Steel (LSE: NLMK) Board of Directors took a decision to launch the ruble corporate bond program series 01-06 with a maturity of 10 years. The total value of the program is RUB 50 bn. The Board also approved the decision to issue the bonds and the Prospectus of 01-06 series bond emission, reported the press-service. This new instrument will help NLMK to attract long-term capital to finance its Technical Upgrade Program, as well as other corporate purposes. In late 2009 ...

Production capacities at Site #1 of the Novokuznetsk aluminium smelter (NkAZ, a part of UC Rusal) , which were suspended in March 2009 as part of the anti-crisis Cost Efficiency Leader programme, are restarted. Site #1 has already brought back online 183 pots, with a total of 264 pots expected to be operational by early April. As a result of it, in 2010 the output from NkAZ would reach approximately 253,000 tonnes, 10% more than last year. According to press-service of UC Rusal, ...

Investment program of UGMK on development of SUMZ (Sredneuralsky Copper Smelter, part of UGMK) will exceed rub 1 bn (approximately $33 ml), said UGMK Director General Andrey Kozitsyn at meeting with employees of the smelter. Accordingly to Kozitsyn, the majority of the funds will be spent on construction of water purification facilities and system for collecting and transporting of runoffs, which will allow reducing water consumption significantly and launching a modern water ...