Metallurgy news

Mechel Reports Results of Ecological Awareness Year

Mechel PAO reports its results in the Ecological Awareness Year announced in Russia in 2017. The Group’s production facilities implemented a series of large-scale projects in a bid to improve the ecological situation in the regions of its production and administrative operations. Those include: Mechel-Coke conducted technical upgrading of its benzene facility in the framework of a cooperation agreement with Russia’s Natural Resources and Environment Ministry, Federal Service for Supervision ...
01 December 2018., 12:05   comment

Metalloinvest announces new PXF deal

Metalloinvest (“the Company”), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has signed an agreement with a сlub of banks for a USD 240 mn pre-export finance facility (the “PXF-2018”). New PXF has 5-year tenor with a 4-year grace period, interest rate is linked to LIBOR. The purpose of PXF-2018 is to refinance all existing USD-denominated debt of the Company due in 2018–2019 and to improve maturity profile and costs of borrowings. ...
01 December 2018., 12:04   comment

NLMK Group introduces SAP S/4HANA for Industry 4.0 solutions, first in the CIS

NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, is the first steelmaking company in the CIS to introduce new generation SAP S/4HANA business suite. This platform will not only streamline current business processes but also enable the use of cloud, Internet of Things and Machine Learning technologies on an industrial scale without technical upgrade. More than 20 information and production systems of NLMK Group’s Russian and European ...
01 December 2018., 12:01   comment

Severstal launches major new production line for polymer coated rolled steel products at Cherepovets Steel Mill

PAO Severstal, one of the world's leading vertically integrated steelmaking and mining companies, has launched a production line for polymer coated rolled steel products at Cherepovets Steel Mill Metal Coating Workshop number 3 (“MCW#3”). The launch ceremony was attended by Alexey Mordashov, Chairman of Severstal’s board of directors, Alexander Shevelev, CEO of Severstal, Oleg Kuvshinnikov, Governor of the Vologda region, Andrey Lutsenko, Chairman of the Legislative Assembly of the Vologda region, ...
01 December 2018., 11:58   comment

RUSAL reveals top 10 events of 2017

RUSAL has presented a list of the Company’s most important events and achievements in 2017. The achievements form part of the Company’s key deliverables and demonstrate its strategy in action, which is to enhance RUSAL’s operational efficiency and environmental performance, increase its share of value added products, and develop social infrastructure in the communities where RUSAL operates. The listed projects, both domestic and international, demonstrate the Company’s values and their implementation ...
29 December 2017., 10:05   comment

Norilsk Nickel signs a 5-year usd 2.5 billion syndicated facility agreement with international banks

PJSC MMC Norilsk Nickel announces the signing of a 5-year USD 2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the Company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be used for refinancing of the existing debt, financing of capital expenditures and general corporate purposes. Nornickel’s President ...
27 December 2017., 16:15   comment

LMZ SKAD lifts aluminium wheels production by 27% in 2017

RUSAL acquired a share of LMZ SKAD, one of the leading alloy wheels manufacturers in Russia, in April 2017. Following the acquisition, the implementation of RUSAL’s Production System and efficient processes have improved SKAD’s major business operations alongside the expansion of its product mix. By the end of 2017, the Company aims to increase the number of wheels produced, by 27% YoY to 1.1 million wheels per year. In order to strengthen its export market sales, SKAD has introduced a range ...
26 December 2017., 12:58   comment

Metalloinvest and OMK summed up their cooperation results for 2017

Metalloinvest and the United Metallurgical Company (“OMK”) held a Coordination Committee meeting dedicated to their performance in 2017 and next year planning. The meeting held at JSC Ural Steel (part of Metalloinvest) was attended by Andrey Prosyanik, the domestic sales director of MC Metalloinvest, Evgeny Maslov, the managing director of JSC Ural Steel, Pavel Stepanov, the director of engineering and technical center of JSC Vyksa Steel Works (VSW), Ivan Monakhov, OMK’s chief analyst, and other ...
25 December 2017., 15:03   comment

Mechel Reports Izhstal Getting Export Loan from Eximbank of Russia

Mechel PAO (MOEX: MTLR; NYSE: MTL), one of the leading Russian mining and metals companies, reports that Mechel Group’s Izhstal PAO and State Specialized Russian Export-Import Bank (joint-stock company) (Eximbank of Russia) (part of the Russian Export Center) signed a loan agreement for financing high-technology product manufacturing for export contracts. Eximbank of Russia AO opened a credit line totaling 3.35 billion rubles for 2.5 years. Financing was made available in the framework of a ...
25 December 2017., 15:01   comment

MMK recognised by The Ministry of Natural Resources and the Environment for its active environmental policy

Magnitogorsk Iron and Steel Works was awarded by Russia’s Ministry of Natural Resources and the Environment for its active environmental protection policy. Government experts awarded MMK top marks for its large scale environmental projects this year. The awards ceremony took place on the 12th December at the Ministry’s Federal Environmental Council in Moscow. MMK’s Director of Occupational Health and Safety and Environmental Protection, Grigory Schurov, received a certificate entitled “Active ...
25 December 2017., 14:59   comment

Alexey Mordashov, Chairman of the Board of Directors, visited the Yakovlevsky mine and granted approval for the development plan of the plant

Alexey Mordashov, the Chairman of the Board of Directors of PAO “Severstal” and the Company’s leadership team visited production departments of the Yakovlevsky mine, and approved next year’s business plan , while meeting employees of the plant. The Chairman and leadership team visited the central control room from where the production management islocated, as well as the new main ventilation system, the headframe No. 1 and the crushing and sizing plant. The business plan of the plant includes ...
25 December 2017., 14:56   comment

NLMK shareholders approve 3Q 2017 dividends and adopt revised versions of statutory documents

At the Extraordinary General Shareholder Meeting (EGM) held on 22nd December, NLMK shareholders approved payment of 3Q’17 dividends of RUB 5.13 per share. The date upon which the shareholders entitled to 3Q’17 dividends will be determined was set as 9th January 2018. 9M’17 dividends will amount to RUB 10.68 per share. At the meeting, the Group’s shareholders also adopted revised versions of the Company’s statutory documents, namely the NLMK Charter, Regulations on the General Shareholders’ Meeting ...
25 December 2017., 14:53   comment

Environmental responsibility programs of the Russian Copper Company are presented to the UN

During a tour of the ECOTECH 2017 Exhibition, RF Minister of Natural Resources and Environment Sergey Donskoy and Honorable Forum delegate, UN Deputy Secretary General, Executive Director of the United Nations Program for the environment Erik Solheim visited the RCC stand. The Minister described the RCC Exhibition to the high ranking guest as an example of the high priority placed on environmental safety and environmental protection by a major Russian mining and metallurgical holding company. ...
20 December 2017., 09:52   comment

RCC receives an award for environmental activities in 2017

Karabashmed JSC (a subsidiary of RCC Group located in Karabash, Chelyabinsk region) has received an award of the Ministry of Natural Resources and Environment of Russia for a successful implementation of measures specified under an Agreement signed as part of the Year of the Environment in Russia in 2017. The ceremony of the award presentation was held on 12 December 2017 in Moscow at the ECOTECH'17 International Forum during the 5th Nationwide Congress on environmental protection and the meeting ...
18 December 2017., 14:50   comment

RUSAL sets up the infrastructure for data center at NAZ

RUSAL starts its data center project development at its Nadvoitsy Aluminium Smelter in the Republic of Karelia. The data center will focus on providing IT services, including solutions for big data analysis, machine learning, and cryptocurrency mining-related operations. AA!LAB company has become the first project implementation partner to sign, alongside RUSAL, the Memorandum of Understanding regarding cooperation in the field of digital technologies. The first phase of the data center project ...
13 December 2017., 10:12   comment

Aluminium wiring returns to the Russian market

RUSAL announces that aluminium alloys 8030 and 8176 have been successfully approved by Russian authorities for the use in electrical wiring applications. This approval opens up new market opportunities for aluminium. The Ministry of Energy of the Russian Federation has approved the order that regulates construction of electrical installations and permits the use of aluminum wiring in buildings and structures. In 2000, due to the outdated technical specification of electrical wiring, the market ...
23 November 2017., 10:35   comment

RCC Takes Part in Russian-UK Raw Materials Dialogue

The Russian Copper Company presented its Smart Copper corporate production standard at the 1st Russian-UK Raw Materials Dialogue Trust and Cooperation — the Major Elements of Sustainable Development in St Petersburg. Natalia Gonchar, RCC’s Director for EHS, discussed RCC’s principles of efficient use of natural resources, energy saving and minimum environmental impact. These principles are embodied in the Smart Copper corporate standard that RCC is putting in place at its production facilities. ...
21 November 2017., 10:52   comment

Nornickel starts hot commissioning at Bystrinsky GOK

PJSC MMC Norilsk Nickel has launched hot commissioning operations at Bystrinsky GOK (Bystrinsky mining and processing plant). Bystrinsky GOK is located in the Gazimuro-Zavodsky District of Trans-Baikal Territory, 350 km from Chita. This area is home to the large Bystrinsky gold-iron-copper deposit containing total ore reserves of some 343 mt that will ensure the project’s operational life in excess of 30 years. Bystrinsky GOK will mine gold-iron-copper ores to produce copper, gold and magnetite ...
11 September 2017., 10:38   comment

Norilsk nickel group announces preliminary consolidated production results for 3d quarther and 9 months of 2017

PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the third quarter and nine months of 2017. First Vice-President — Chief Operating Officer, Sergey Dyachenko commented on the 9M17 production results: “In 3Q17 our nickel production increased by 10% as Talnakh Concentrator reached its design parameters and Norilsk Nickel Harjavalta nickel refinery restarted its operations after annual scheduled repair ...
11 August 2017., 10:05   comment

UC RUSAL to supply more than 500 tonnes of aluminium to upgrade Moscow’s tram fleet

UC RUSAL will be supplying approximately 510 tonnes of aluminium to be used in the production of aluminium tram interiors. As part of the project, UC RUSAL will provide aluminium for a total of 300 tram interiors. This is the world’s largest contract to purchase trams for a single city. The field of urban transport engineering is a new sector for UC RUSAL and one which has significant growth potential in Russia. The new Vityaz-M trams, which contain three compartments whose interior is entirely ...
11 July 2017., 10:57   comment