Severstal

Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its Cherepovets Steel Mill, part of the Severstal Russian Steel Division and one of the world's largest standalone integrated steelworks by capacity, increased deliveries to Russian pipe making companies in 2011 by 5%. A total of more than 700,000 tonnes of plate were produced on the wide-strip Rolling Mill 5000 at Severstal’s No.3 Sheet Rolling Shop in ...

OAO Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that the shareholders of Afferro Mining Inc. have today approved the sale of its 38.5% interest in the Putu iron ore project in Liberia to Lybica Holding B.V., the Company’s indirect subsidiary. The transaction has been formally approved by the TSX Venture Exchange (TSX-V), where Afferro Mining Inc. is listed. As per the definitive sale and purchase ...

OAO Severstal (‘Severstal’ or the ‘Company’), one of the world’s leading vertically integrated steel and steel related mining companies, announces that its pipe production unit, the Izhora Pipe Mill (IPM), which specializes in the manufacture of large diameter pipes from strips produced by the Cherepovets Steel Mill, part of the Severstal Russian Steel Division, produced over 500,000 tons of large-diameter pipes in 2011, primarily for use in major oil and gas ...

Severstal North America, one of the largest US-based steel producers and a wholly-owned subsidiary of OAO Severstal, one of the world’s leading vertically integrated steel and mining companies, announced the launch of its new, second Hot Dip Galvanizing Line (HDGL2) in Columbus, Miss. The new line has a designed annual capacity of 540,000 metric tonnes (600,000 net tons) of hot rolled and cold rolled galvanized products. Capable of galvanizing product up to 72” wide with a ...

Severstal announces on behalf of Lybica the results of the Exchange for Nordgold GDRs On 30 November 2011, OAO Severstal (“Severstal”) announced the exchange by its wholly owned indirect subsidiary, Lybica Holdings B.V. (“Lybica”), of the global depositary receipts (“GDRs”) representing shares of its subsidiary, Nord Gold N.V. (“Nordgold”), for Severstal Shares and Severstal GDRs (the “Exchange”) on the terms and conditions ...

Severstal North America, one of the largest US-based steel producers and a wholly-owned subsidiary of OAO Severstal, one of the world’s leading vertically integrated steel and mining companies, announced that it entered into a Memorandum of Understanding (MOU) with the National Gas Company of Trinidad and Tobago Ltd, National Energy Corporation Ltd., Complejo Metalurgico Dominicano S.A., and Neal & Massy Holdings Ltd. to conduct a feasibility study for construction of a Direct ...

Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces the results of voting on the resolutions proposed at the EGM held on 30 December 2011. The following resolutions were approved by Severstal's shareholders at the EGM: a) dividend for the first nine months of the financial year to 30 September 2011 of 3.36 ruble (approximately $0.11) per common share and per global depositary receipt (“GDR”) payable ...

Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its steel production unit, the Cherepovets Steel Mill, today commissioned its second color-coating line (CCL-2). The total investment in the second line is more than 2.5 billion roubles ($78.1 million). The new line will double the plant’s output of coated hot dip rolled products, in line with Severstal’s stated strategic focus on increasing output of ...

Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its coal production unit, OAO Vorkutaugol, has today won exploration end extraction rights for the N1 coal field at the Usinskoe deposit in the Komi region, Russia. The estimated resources of the coal field is 620 million tonnes of coking coal. The company’s winning bid was more than 1.3 billion roubles. OAO Vorkutaugol will receive the license agreement ...

Severstal (hereinafter – Severstal or the “Company”), one of the world’s leading vertically integrated steel and steel related mining companies, today announces that its indirect subsidiary Lybica Holdings B.V. (“Lybica”) has entered into a legally binding heads of terms agreement (the “Heads of Terms”) with Afferro Mining Inc. and its wholly owned subsidiary Mano River Iron Ore Holdings Limited (“Mano”), for the purchase of ...

Severstal North America announced that the new Push Pull Pickle Line (PPPL) is up and running at its site in Columbus, Mississippi. This new line has a designed annual capacity of approximately 630,000 tonnes (700,000 net tons) of pickled and oiled product. Capable of pickling .059” to .500” by 36” to 74” product, the PPPL will allow for an additional expansion within Severstal’s end-user markets with new, heavier gauge products. “The new line ...

Severstal, JSC has been advised by its subsidiary, Lybica Holding B.V., that in connection with the exchange by Lybica of the global depositary receipts (GDRs) representing shares of its subsidiary, Nord Gold N.V., for Severstal shares and Severstal GDRs (the “Exchange”) to facilitate participation in the Exchange by investors who purchased Severstal shares or Severstal GDRs from and including 25th November 2011 to and including 29th November 2011 (the “Pre-Announcement ...

Severstal, JSC announced that its subsidiary, Nord Gold N.V., an established pure-play gold producer focused on emerging markets, may be separated from its Severstal Group integrated steel operations (through exchange of shares and GDRs). The separation will be made by means of exchanges by its wholly owned indirect subsidiary, Lybica Holdings B.V., of 100% of the shares of Nordgold owned by Lybica for Severstal shares and Severstal GDRs held by Severstal’s existing shareholders ...

Ronald Freeman, Independent Director and Member of the Audit Committee of OAO Severstal, has been honoured by the Independent Directors Association (IDA) and PricewaterhouseCoopers as one of the best in the nomination of Independent Director 2011. Mr Freeman received the award at the Independent Director 2011 ceremony held during the Corporate Governance: Challenges and Priorities conference in Moscow. The Director of the Year National Award was founded by the IDA in 2006 and is ...

Vorkutaugol (part of Severstal, JSC), launched implementation of the most modern security communication system – Flexcom. Within two years, the company plans to invest about 45 million rubles on system’s development. Vorkutaugol mines will be among the first in Russia to implement Flexcom security system, developed in Canada. This system consists of a set of integrated communication capabilities: locating of people and equipment in the mines; mobile communication; ...

Severstal North America, a subsidiary of Severstal, JSC one of the worlds largest vertically integrated steel and mining companies, celebrated the Grand Opening of its Phase II expansion in Columbus, Miss. The $550 million expansion project at Severstal Columbus will increase annual steel production to 3.4 million tons (3.1 million metric tons) doubling the plant’s steelmaking capacity. The expansion project included a second electric arc furnace, ladle metallurgy furnace, ...

Severstal, JSC one of the world’s leading vertically integrated steel and steel related mining companies, announced that following the Board’s decision to call an EGM on 30 December 2011 to vote on the dividend payment for the first nine months of 2011 and approve the revised JSC Severstal Charter, the record date for the dividend payment for the first nine months of 2011 is 15 November 2011. The Board will provide its recommendation for the dividend payment for the first ...

Severstal, JSC one of the world’s leading vertically integrated steel and steel related mining companies, announced that the Board of Directors have called an EGM to be held by absentee voting on December 30, 2011. The following agenda for the EGM was approved by the Board: 1. Dividend payments for the first 9 months of 2011. 2. Approval of the revised JSC Severstal Charter. The proposed changes in the Charter relate to new Russian legislation on insider ...

Severstal, JSC one of the world’s leading vertically integrated steel and steel related mining companies, won the Support for Social Projects prize for its Road Home program at the 2nd Congress of Nonprofit Organizations of Russia and All-Russia Conference (GOSGRANT) awards. Experts judged Severstal’s Road Home program in Cherepovets, where Severstal’s core business unit the Cherepovets Steel Mill is located, to be one of the best examples of a successful public-private ...

Severstal, JSC, one of the world’s leading vertically integrated steel and mining companies, announced its operational results for Q3 and 9 months 2011. As of October 2011, Severstal starts reporting average prices instead of volume weighted average prices. The data for the previous periods has been restated. Severstal JSC, is one of the world’s leading vertically integrated steel and steel related mining companies, with assets in Russia and the USA, in Ukraine, Latvia, ...