Metallurgy news

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  • 2012-05-15 10:21:17
    OMZ Liteynoe proizvodstvo produces castings for Belarusian Autoworks
    OMZ Liteynoe proizvodstvo, part of OMZ Group, produced pilot batch of castings for OJSC Belarusian Autoworks (BelAZ). The long-term contract for the manufacture of castings for BelAZ, one of the world's largest heavy-duty dump trucks manufacturers, was signed in January this year. ...
  • 2012-05-14 10:27:18
    Matthias Warnig nominated to RUSAL's Board of Directors as Independent Non-Executive Director
    RUAL, the world’s largest aluminium producer, announces the decision of the Company’s Board of Directors to nominate Matthias Warnig for election to RUSAL’s Board of Directors as an independent non-executive director at the Annual General Shareholders Meeting on 15 June ...
  • 2012-05-14 10:12:00
    NLMK commissions high-capacity hot metal desulphurization unit
    NLMK has commissioned a 5.8 mt/y two-station hot metal desulfurization unit at its main site in Lipetsk. This will result in a higher share of low-sulfur metal and an expanded range of steels with improved quality characteristics. The project, implemented as part of Stage II of ...
  • 2012-05-11 10:32:38
    Economic effect from MMC Norilsk Nickel employees' innovation activities in 2011 exceeded RUB 253M.
    Norilsk Nickel announces the results of innovation activities of the Company’s employees in 2011. All in all, more than 340 unregistrable results of intellectual activities (innovation inventions) were implemented at the Group’s operations in 2011. Only last year economic ...
  • 2012-05-11 10:20:14
    Mechel reports board of directors’ decision
    Mechel, one of the leading Russian mining and metals companies, announces its Board’s dividend recommendation. On May 10, 2012, Mechel’s Board of Directors held a meeting confirming recommendations to the annual general shareholders’ meeting regarding the payment of ...
  • 2012-05-10 10:01:00
    TMK makes first shipment of Russian-manufactured casing with ULTRATM premium connections
    TMK, one of the world's leading producers of tubular products for the oil and gas industry, has made its first shipment of Russian-manufactured casing with ULTRA-FJ Premium Connections (a product patented by the company’s American division). The pipe was produced at the Orsk Machine ...
  • 2012-05-05 00:17:53
    Mechel announces prolongation of 22-billion-ruble credit facilities
    Mechel announced signing agreements with Gazprombank for the extension of short-term credit facilities totalling 22 billion rubles (approximately 747 million US dollars). Gazprombank extended the maturities on revolving credit lines opened for Chelyabinsk Metallurgical Plant, ...
  • 2012-05-04 10:01:00
    EVRAZ Receives Award for Best Financial Disclosure Procedures in Europe
    EVRAZ announces that it has been named the best European company in the Best Financial Disclosure Procedures category in the 2012 IR Global Rankings (IRGR) survey during the award ceremony in New York. It is the second time when the top award in the Best Financial Disclosure is presented ...
  • 2012-05-04 10:01:00
    Mechel announces obtaining 500M Dollar credit
    Mechel, one of the leading Russian mining and metals companies, announces the signing of long-term loan facilities with Gazprombank on providing credit lines to Yakutugol Holding Company OAO and Southern Kuzbass Coal Company OAO in the aggregate amount of 500 million US dollars. ...
  • 2012-05-03 10:06:00
    METALLOINVEST announces financial results for the full year 2011
    METALLOINVEST, a leading global iron ore and HBI producer based in Russia, today announces its audited IFRS financial results for the full year ended December 31, 2011. Financial Highlights - Consolidated revenues US$ 9,919 million (+38.7% y-o-y) - EBITDA US$ 3,873 million ...
  • 2012-05-03 10:02:00
    Norilsk Nickel increases tax payments
    Norilsk Nickel informs on its activities relating to social and economic development of territories where main production assets of the Company are located. MMC Norilsk Nickel is a important contributor to social and economic development of the Company habitat territories. The Group is a ...
  • 2012-05-02 10:40:57
    Basic Element companies expand partnership with Norinco
    Oleg Deripaska, CEO of Basic Element and UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX-RTS: RUALR) and President of En+ Group, and Zhang Guoqing, President of China North Industries Corporation, signed a framework agreement on strategic cooperation providing for the joint implementation of ...
  • 2012-05-02 10:03:00
    Mechel receives lenders’ approval on waivers and amendments to credit facilities
    Mechel, one of the leading Russian mining and metals companies, announces completion of talks with lenders resulting in waivers and amendments to certain major credit facilities. On March 29, 2012, Mechel entered talks with over 25 leading international and Russian banks regarding some ...
  • 2012-04-28 10:26:20
    Results of Norilsk Nickel Board of Directors meeting
    Norilsk Nickel held the scheduled in-person meeting of the Board of Directors, during which the following key resolutions were approved. The Board of Directors decided to convene the AGM on June 29, 2012. The list of persons eligible to participate in the AGM shall be drafted as of May ...
  • 2012-04-28 10:09:30
    Mechel reports 1Q 2012 operational results
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces 1Q 2012 operational results. Production and sales for 1Q 2012 Production: Product name ...
  • 2012-04-27 10:44:20
    Joint venture of UC RUSAL and NORINCO started operations
    UC RUSAL, the world’s largest aluminium producer, and China North Industries Corporation (NORINCO) are pleased to announce the operations start of North United Aluminium (NUA, the former Shenzhen North Investments) — the Shenzhen-based joint venture of RUSAL and NORINCO, ...
  • 2012-04-27 10:41:12
    Globaltrans to acquire 100% of Metalloinvesttrans for USD 540M from Metalloinvest
    First large scale M&A transaction between an independent private freight rail group and a large natural resources company in Russia Globaltrans Investment PLC (“Globaltrans” or the “Company”, and together with its consolidated subsidiaries, the ...
  • 2012-04-26 10:24:09
    Norilsk Nickel proceeds with implementation of “Chita project”
    Norilsk Nickel announces the commissioning of two substations (Bystrinskaya and Bugdainskaya) 110/35/10 kilowatt this April. The substations shall provide sufficient electric energy to Bystrinsk and Bugdainsk mining and processing integrated works (hereinafter referred to as GOKs) ...
  • 2012-04-26 10:19:43
    Publication of Evraz audited 2011 annual report and accounts
    Further to the preliminary announcement of its results for the year ended 31 December 2011, EVRAZ plc announces that it has today published its 2011 Annual Report and Accounts (the “2011 Annual Report”) for the same period. The 2011 Annual Report is now available to view or ...
  • 2012-04-25 12:11:55
    Russian stainless steel import will drop in March
    According to estimation of SpetsStal experts, Russian imports of basic types of stainless steel products in March 2012 will drop 2.3% to 18872t as compared to February including flats -6.5%, wires – 1.8%, seamless tubes -16.5%, and electric welded tubes -19.5%. However, long products ...
  • 2012-04-25 10:01:00
    Norilsk Nickel continues cooperation with reserves
    Norilsk Nickel (hereinafter referred to as MMC Norilsk Nickel or the Company) announces the results of cooperation programs with state nature reserves located in the territories of the Company’s operations. MMC Norilsk Nickel devotes much attention to the environment protection. ...
  • 2012-04-24 10:10:01
    Russian President Dmitry Medvedev supports implementation of “Renova” Group of companies “Stentex” project
    During a meeting with the Chairman of the Board of Directors of the “Renova” Group of companies, Viktor Vekselberg, President of the Russian Federation Dmitry Medvedev expressed his support for the idea of producing high-tech medical devices for interventional cardiology in ...
  • 2012-04-24 10:06:57
    Organizational changes within the structure and management of EVRAZ
    EVRAZ announces organizational changes in the Company’s management. In order to improve and intensify management of the key product groups the Company decided to establish a separate Division for Railway Products within EVRAZ to deal with production and sales as well as product ...
  • 2012-04-24 10:04:16
    Mechel reports implementation of long-term partnership agreement with BelAZ
    Mechel, one of the leading Russian mining and metals companies, reports acquiring 15 BelAZ mining dump trucks as part of a long-term partnership agreement signed by Mechel OAO and BelAZ OAO on November 28, 2011, during the session of the Supreme State Council of the Union State of Russia and ...
  • 2012-04-23 10:05:28
    EVRAZ U.S.$600 million note issue – prospectus approval
    The following prospectus was approved today by the Financial Services Authority in its capacity as competent authority under the Financial Services and Markets Act 2000: Prospectus dated 20 April 2012 relating to the U.S.$600,000,000 7.40% Notes due 2017 issued by Evraz Group S.A. ...
  • 2012-04-23 10:02:42
    MMK posted Board of Directors resolutions
    MMK announces that a meeting of the MMK Board of Directors was held on April 20, 2012. Resolutions passed by the Board are specified below. The Board issued a recommendation for the MMK Annual General Shareholder Meeting (AGM) to consider approving the Board-nominated Company Auditor. ...
  • 2012-04-20 16:03:50
    Severstal reports Q4 and FY 2011 financial results
    Severstal one of the world’s leading vertically integrated steel and mining companies, today announces its Q4 and FY2011 financial results. CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 DECEMBER 2011   $million, unless ...
  • 2012-04-20 10:08:15
    NLMK trading update for Q1 2012
    NLMK, the LSE-listed leading Russian steel producer, announces the following regular trading update for Q1 2012. OVERVIEW The Group's steel output increased 14% q-o-q to 3.6 million t, which corresponds to over 90% utilisation rate, as the new BF-7 at Novolipetsk (NLMK’s main ...
  • 2012-04-19 10:20:46
    Norilsk Nickel informs about the results of international tender on sulphur utilization
    Norilsk Nickel communicates the results of the international tender posted by the Company with the objective to decrease SO2 emissions, as part of the program aimed at gradual decrease of air emissions of Company’s metallurgical production facilities located in Norilsk (Polar Division ...
  • 2012-04-19 10:17:27
    EVRAZ priced U.S.$600 million Note Issue
    Evraz. has priced a five year U.S.$600 million note at a coupon rate of 7.40% per annum. The notes will be issued by Evraz Group S.A. The closing and settlement is expected to be completed on 24 April 2012. Evraz Group S.A. intends to use the net proceeds of the issue to refinance ...
  • 2012-04-18 10:13:21
    Severstal Board recommends dividend payment for 12 months to 31 December 2011 and announces date of Annual General Meeting
    The Board of ОАО Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, is recommending a dividend of 3.56 rubles (approximately $0.12) per share for the twelve months to 31 December 2011. Approval of the dividend is expected at the ...
  • 2012-04-18 00:48:41
    Rusal appointment new commercial director
    UC Rusal announced the appointment of Evgeny Ovchinnikov as Commercial Director of UC Rusal. Evgeny Ovchinnikov has been working for UC Rusal for over ten years, since April 2010 as the Director of By-products Sales Department in Commercial Directorate of Rusal. As Commercial ...
  • 2012-04-18 00:41:52
    Danieli to build plant in Russia
    Italian Danieli Group plans to build an engineering plant worth 50 millio Euro in Russia. It will be located on the outskirts of Dzerzhinsk, the Nizhny Novgorod region. The plant should be launched by May 2013. The facilities will include up to 40,000 sqm of workshops, providing a total ...
  • 2012-04-17 10:15:58
    Norilsk Nickel doubles the funding allocated to improvement of workpalce social conveniences program
    Norilsk Nickel plans to allocate RUB 628 mil. in 2012 towards improvement of workplace social conveniences program, which is more than twice the amount allocated in 2011 (RUB 276 mil.). The program has been functioning at the Group’s subsidiaries for several years and constitutes ...
  • 2012-04-17 10:07:46
    Mechel announces prolongation of VTB Bank credit facilities
    Mechel, one of the leading Russian mining and metals companies, announces the extension of credit facilities totalling 13.6 billion rubles (approximately 462 million US dollars*) previously obtained from VTB Bank for Mechel’s enterprises. Subsidiaries of Mechel Mining, which is ...
  • 2012-04-16 10:22:44
    MMK filed appeal with Arbitration Court of Chelyabinsk Region to challenge injunction relief order
    MMK announces that MMK filed an appeal with Arbitration Court of Chelyabinsk Region to challenge the injunction relief order issued by the court in support of the legal action brought in by MMK’s minority shareholder Elena Egorova. On April 2, 2012 MMK was notified that a minority ...
  • 2012-04-16 10:12:00
    TMK ships new casing for Zarubezhneft to Latin America
    TMK, one of the world's leading producers of tubular products for the oil and gas industry, ships a new type of casing with TMK PF premium connections to Russian state-owned oil company Zarubezhneft. The high-strength casing of the special High Collapse series (resistant to external ...
  • 2012-04-13 10:28:35
    Color coating line No. 2 at the Cherepovets Steel Mill reaches design capacity
    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 achieved the design capacity of its second color-coating line (CCL-2) with annual production capacity of 200 ...
  • 2012-04-13 10:26:28
    Arbitration court of Chelyabinsk Region denied MMK’s motion to lift injunction relief banning MMK to finalize acquisition of Flinders Mines Ltd.
    MMK announces that Arbitration Court of Chelyabinsk Region has denied MMK’s motion seeking a discharge of the injunction relief order issued in support of the legal action brought by MMK’s minority shareholder Elena Egorova. Ms. Egorova has been challenging the legitimacy of the ...
  • 2012-04-12 10:22:01
    Results of Severstal extraordinary General Meeting
    As announced on 29 February 2012, Severstal’s Board of Directors passed a resolution to convene an EGM to approve the cancellation of 170 million Severstal shares through the legal procedure of a public cash tender offer (the "Offer"), as required by the Russian JSC law. For ...
  • 2012-04-12 10:20:43
    MMK obtains approval for two more joint implementation projects under the Kyoto Protocol
    Russian Economic Development Minister Elvira Nabiullina signed off on a list of projects that qualify for implementation under Article 6 of the Kyoto Protocol, including two projects being run by Magnitogorsk Iron and Steel Works: MMK is introducing electric arc furnace (EAF) production ...
  • 2012-04-11 10:14:22
    Severstal completes transaction to consolidate 100% ownership of Severstal Liberia Iron Ore Ltd.
    OAO Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, today announces it has completed the transaction to acquire the remaining 38.5% minority interest in Severstal Liberia Iron Ore Ltd. (“SLIO”) – a British Virgin ...
  • 2012-04-11 10:13:08
    Notice of NLMK AGM and Dividend recommendation
    NLMK, a leading Russian steel company, today announces the results of the meeting of the Board of Directors. The Board has approved the AGM agenda and recommended dividends for FY2011. AGM agenda Board of Directors took the decision to hold the Annual General Shareholders' Meeting on 30 ...
  • 2012-04-10 10:27:48
    Norilsk Nickel: environmental protection activities of the Polar division in 2011
    Norilsk Nickel announces the results of environmental protection activities carried out by the Company’s Polar Division in 2011. In order to protect the environment, MMC Norilsk Nickel upgrades its existing production facilities, introduces new technologies and implements ...
  • 2012-04-10 10:26:00
    Renova Group of companies signed agreement to sell Natur Produkt International to strategic investor
    The "Renova" Group of companies has signed an agreement to sell 100% ownership of CJSC “Natur Produkt international”, a pharmaceutical company, to Valeant Pharmaceuticals International (NYSE: VRX; TSX: VRX). The deal is worth USD 180 million, with the condition of a ...
  • 2012-04-10 10:18:59
    Severstal is approved to receive financing under Kyoto Protocol
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its environmental projects that enabled the company to cut greenhouse gas emissions by 4.7 million tons in 2008 through 2012 have been approved by the Ministry of ...
  • 2012-04-09 10:24:49
    Norilsk Nickel will invest around RUB 1.6 bln. in recreation programs for company employees and their families
    In 2012 MMC Norilsk Nickel (further, MMC Norilsk Nickel or the Company) will invest around RUB 1.6 bln. in recreation programs for its employees and their families. Over RUB 1.12 bln. will be allocated for health resort treatment programs, around RUB 173 mln. will be invested in recreation ...
  • 2012-04-09 10:23:44
    VSMPO and Boeing Extend Long Term Supply Agreement
    VSMPO – AVISMA Corporation (VSMPO) announced that it has agreed with The Boeing Company (Boeing) on an amendment of their existing long term contract for titanium mill products, providing for a three year extension of the contract term through the end of December, 2018. Under the ...
  • 2012-04-09 10:15:35
    TMK tubing with premium connections receives ISO 13679 CAL IV certification
    TMK, one of the world's leading producers of tubular products for the oil and gas industry, has successfully conducted certification of tubing with TMK PF premium connections in accordance with the ISO 13679 CAL IV standard. The tests were conducted at the Oil States Industries international ...
  • 2012-04-06 10:29:33
    Severstal increases deliveries to international automakers
    Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, following its updated development strategy that envisages, among other things, ramping up sales of added-value products, steps up deliveries of rolled metal products for international ...
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