2012-05-25 10:20:57 Chelyabinsk Zinc Plant to hold Annual General Meeting on June 27, 2012
The Board of Directors of JSC Chelyabinsk Zinc Plant adopted a decision to hold an Annual General Shareholders’ Meeting of JSC CZP on June 27, 2012. Shareholders can participate in the meeting personally or submit voting ballots which will be counted for the purposes of the ...
2012-05-25 10:01:00 Norilsk Nickel contributes to development of air transportation system in Siberia
Norilsk Nickel announces that a project aimed at the development of regional and interregional transportation by Taimyr Airlines (trade mark - NordStar Airlines) is in progress. A year ago, on May 20, 2011 NordStar Airlines started to operate ATR 42-500 aircrafts and launched a number of new ...
2012-05-24 10:01:53 Butovskaya mine construction
A new belt conveyer has been put into operation at the conveyer coal heading A-7 of the Butovskaya mine (а subsidiary of OOO Koks-Mining). Unlike the scraping transporters SR-70 which was used at the mine before, this new belt conveyer will be operated with higher productivity rates and ...
2012-05-24 10:01:00 Agenda for Severstal Annual General Meeting and recommendation of Q1 2012 dividend payments
Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announces that the Board has approved the following agenda for the 2011 AGM to be held in Cherepovets, Russia on 28 June 2012:
- Re-election of the members of the Board of ...
2012-05-23 10:01:00 EVRAZ to be included in MSCI UK index
EVRAZ announces its inclusion in the MSCI United Kingdom Index, a constituent of the MSCI Global Standard Indices. The change will be implemented as of the close of 31 May 2012.
EVRAZ was admitted to trading on the Main Market of the London Stock Exchange on 7 November 2011 and began ...
2012-05-23 10:01:00 NLMK appoints new vice-president for procurement
NLMK announces the appointment of Mr Brijesh Garg to the newly created position of Vice-President, Procurement. This appointment will improve the efficiency and operational flexibility of the Group's management structure.
In his new role, Mr Brijesh Garg will coordinate and oversee ...
2012-05-22 10:01:41 OMZ Special Steels to produce new generation high-chromium rotors
OMZ Special Steels, part of OMZ Group, signed a contract with Chinese company Shanghai Electric Power Generation Equipment on delivery of new generation high-chromium rotors, each weighing 18 tonnes. Deliveries are scheduled to complete in the second quarter of 2013.
New generation ...
2012-05-22 10:01:00 TMK ships casing with ULTRATM Premium Connections to Gazprom
TMK, one of the world's leading producers of tubular products for the oil and gas industry, has made a shipment to Gazprom of casing with ULTRA-FJTM Premium Connections that were developed by the Company's American division and produced at Orsky Machine Building Plant (Russia), which is a ...
2012-05-21 10:01:55 NLMK wins IR Global Rankings’ “Best Financial Disclosure” award
As part of 2012 Best Ranked Companies in North America and Europe, IR Global Rankings (IRGR), a comprehensive technical ranking system for investor relations websites, corporate governance practices and financial disclosure procedures, has awarded NLMK for the “Best Financial ...
2012-05-21 10:01:00 Fitch affirms MMK BB+ rating
Rating agency Fitch Ratings affirmed company's Long-Term (LT) Issuer Default Rating (IDR) at BB+, Short-term (ST) IDR at ‘B’, Local Currency LT IDR at ‘BB+’, National LT Rating at ‘AA(rus)’. The ratings outlook was changed to negative from stable.
In ...
2012-05-18 10:02:49 NLMK wins 1st place in Russian Webranking
NLMK Group’s corporate website (www.nlmk.com) won 1st place in the Russian KWD Webranking (King Worldwide), climbing four notches from 2010 to become best Russian company in online financial communications.
The Webranking study includes 950 websites in 40 countries whereof the 33 ...
2012-05-18 10:01:00 OMZ Special Steels upgrades steelmaking equipment
OMZ Special Steels, part of OMZ Group, commissioned the upgraded horizontal and vertical stands of ladle heating at its steelmaking shop.
Modern horizontal and vertical stands of ladle heating can reheat ladle lining up to 1,200°C before smelting and to maintain its temperature not ...
2012-05-17 10:01:49 Severstal to supply coking coal and iron pellets to Rautaruukki
Karelsky Okatysh and Vorkutaugol, managed by Severstal Resources Mining Division, will be supplying the production facilities of the of Finish company Rautaruukki with coking coal and iron ore pellets over the coming 3 years.
The Division’s deliveries will meet about 20% of the ...
2012-05-17 10:01:00 OMZ Specialsteel continues its works on Ledohod program
OMZ Specialsteel, part of OMZ Group, has developed a fundamental technological scheme for production of sheet metal from the newest high-alloyed cold-resistant arc-steels with yield strength 500, 620 and 690 MPas. The works were conducted under the contract with Central Research Institute of ...
2012-05-16 10:01:00 Interim management statement for Q1 ended 31 March 2012
EVRAZ issued its first interim management statement for 2012 in accordance with DTR 4.3. Compared to the previous interim management statements issued by the Company, the format of this statement has been aligned to meet the requirements of the DTR 4.3 and to reflect existing practices of ...
2012-05-16 10:01:00 The Court of Hamburg rules to ban distribution of Nikolay Maximov's false allegations
The Court of Hamburg has issued a ruling banning the publication of Nikolay Maximov’s false claims made in an interview to the German business weekly Wirtschaftswoche in December 2010.
The Court analyzed the interview and found no evidence in favor of Mr Maximov’s ...
2012-05-15 10:24:45 Norilsk Nickel grants apartments to more than 1000 employees
Norilsk Nickel announces that by May 1009 employees of Norilsk Nickel Group (Polar Division, Polar Transportation Division and OJSC Kola MMC) have been granted apartments as part of implementation of Nash Dom program.
At the initial stage of the program, in 2010, MMC Norilsk Nickel was ...
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 10:06:57 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 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 ...