Severstal. December

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 ...