Metallurgy news

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  • 2011-08-26 14:06:00
    VYKSA Steel Works started modernization of electric pipe-welding plant #2
    VYKSA Steel Works (located in the Nizhny Novgorod region, part of United Metallurgical Company “OMK”, JSC) initiated a priority reconstruction project of electric pipe-welding plant #2, part of small and medium diameter pipes complex. Site work expected to continue until mid 2013 ...
  • 2011-08-25 13:03:32
    In first half of 2011 Magnitogorsk cements workers increased revenue 1.3 times
    “Magnitogorsk Cement & Refractory Plant”, JSC, part of “Magnitogorsk Iron & Steel Works”, JSC group increased its revenues 1.3 times to 953.3 million rubles within six months of 2011, compared to the corresponding period of 2010. Such growth was accomplished by ...
  • 2011-08-25 11:17:14
    NLMK H1 2011 and Q2 US GAAP results
    NLMK, announces its consolidated US GAAP results for Q2 and H1 2011. NLMK delivered a significantly improved financial and operational performance in Q2 2011, confirming its status as one of the most efficient global steelmakers. Sales revenue rose by 26% to $2.98 billion on the back of ...
  • 2011-08-25 11:10:57
    Dividend payment and agenda for Extraordinary General Meeting (“EGM”)
    The Board of Severstal, one of the world’s leading integrated steel and mining companies, is recommending a dividend of 4.37 rubles (approximately $0.15) per share for the first six months of the financial year to 30 June 2011. The record date is 24 August 2011. The dividend ...
  • 2011-08-25 09:57:54
    UC Rusal’s statement in connection with the voting on the Directors Board of Norilsk Nickel
    UC Rusal , the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, considers it necessary to state the following.  Rusal’s representatives on the Board of Directors of Norilsk Nickel voted ‘against’ the proposal to purchase ...
  • 2011-08-25 09:54:27
    Norilsk Nickel sends the offer to UC Rusal
    MMC Norilsk Nickel (hereinafter referred to as MMC Norilsk Nickel or the Company) sends the offer for acquisition of 15% of the Company shares for USD 8.75 billion from LLC UC Rusal Investment Management (part of UC Rusal). The offer was approved by the majority of Norilsk Nickel Board ...
  • 2011-08-24 13:10:49
    Izhora Plants have won tender for delivery of oil-refining equipment for Angarskaya Petrochemical Company, JSC
    Izhora Plants, part of OMZ Group, have won a major international tender for supply of oil-refining equipment for “Angarskaya Petrochemical Company”, JSC (“ANHK”, JSC is a part of “NK“Rosneft”). Within the limits of the contract, the enterprise ...
  • 2011-08-24 10:32:08
    Berillium Hydrometallurgical Plant to be built in Buryatia
    Hydrometallurgical production complex will be built on Ermakovsky beryllium deposits, the Republic of Buryatia, one of the richest deposits in the world. The new plant will produce beryllium hydroxide to be delivered to Kazakhstan, China and Japan ...
  • 2011-08-24 10:18:13
    Mechel reports completion of first stage of reconstruction of oxygen converter shop in Chelyabinsk Metallurgical Plant
    Mechel OAO, one of the leading Russian mining and metals companies, announces the launch of the new converter # 2 in Chelyabinsk Metallurgical Plant’s oxygen-converter shop. Replacement of the converter #2 is the first stage in the complex reconstruction program for Chelyabinsk ...
  • 2011-08-24 10:15:27
    Steel rolled products manufacture in Russia tends to rise
    In January-July 2011 steel rolled products output grew by 4.5% yoy including long products 16.1% up and flats 4.0% up. In July 2011 steel rolled products manufacture rose by 4.1% compared to the corresponding period of 2010 reaching 5 million tons. Long products output: 11.7% up to 1.7 ...
  • 2011-08-24 09:10:14
    Court rejects UC Rusal’s writ of appeal against AGM-2010 results
    MMC Norilsk Nickel (the Company) informs that the Federal Arbitration Court of the East-Siberian district on 23.08.2011 rejected the writ of appeal by UC Rusal Investment Management LLC (subsidiary of UC Rusal). UC Rusal Investment Management LLC and Fonmi LLC tried to litigate decisions ...
  • 2011-08-23 14:39:14
    Russian Copper Company to start a new mining dressing complex in two years
    Russian Copper Company has begun mountain-capital works as part of implementation of the GOK “Mikheevsky” project. The investment budget of the project reaches $650 million; at this moment about $133 million has been executed. Mikheevsky deposit situated in the Chelyabinsk region ...
  • 2011-08-23 11:53:36
    NLMK continues construction of Pelletizing Plant at Stoilensky
    Stoilensky (an NLMK affiliate) has signed a contract with the Siemens VAI/Outotec consortium for the design and supply of required equipment and technologies, as well as the rendering of other services related to the construction of a Pelletizing Plant at Stoilensky with a capacity of 6 mtpy ...
  • 2011-08-23 10:02:00
    Severstal North America announces successful start-up of new pickle line
    Severstal North America Announces Successful Start-Up of New Pickle Line Tandem Cold Mill in Dearborn, Michigan. Severstal North America, a U.S.-based steel producer specializing in the full range of the high quality, light, flat-rolled products, today announced the successful launch of ...
  • 2011-08-22 10:30:00
    Evraz launches construction of a new coking coal mine
    Evraz Group launches construction of a new coking coal mine Yerunakovskaya-VIII within its existing coal mining division Yuzhkuzbassugol (Kemerovo region, Russia). The total investment in the project will be c.17 billion roubles (approximately US$590 million) spent over the next three years. ...
  • 2011-08-22 10:01:00
    Norilsk Nickel board of directors will review conditions of offer to purchase Rusal shares
    In accordance with the resolution of the Board of Directors of August 15, 2011, the management of OJSC MMC Norilsk Nickel has formulated the offer to purchase Company’s shares from UC Rusal Asset Management LLC (subsidiary of UC Rusal). Proposed conditions for this offer will be ...
  • 2011-08-19 11:17:33
    Russian aluminium semi-products output continues to grow
    In January-July 2011 aluminium products manufacture in Russia trended to rise: aluminium alloys output grew by 40.1% yoy, bars and profiles: 24.7% up, rolled products: 39% up. On July 2011 aluminium alloys production rose by 3.8% compared to the corresponding period of 2010 , bars and ...
  • 2011-08-19 10:50:21
    Deutsche Bank and Societe Generale raise funds for NLMK Group
    NLMK has successfully closed a credit agreement for a total of EUR93 million with a maturity of 10 years. The facility will be used to finance NLMK Group’s capex program, notably to complete the construction of its Kaluga Mini-Mill, which is part of the Group’s Long Steel ...
  • 2011-08-19 10:01:00
    Metal-Expo’2011 program of events to extend
    More than 50 events have already been confirmed as part of Metal-Expo’2011 International Industrial Exhibition (November 15-18, 2011, The All-Russia Exhibition Center, Moscow) program of events. The organizer of the event expects 15-10 more seminars, round tables and presentations to ...
  • 2011-08-18 10:36:30
    VSMPO-Avisma and Embraer extend an agreement
    VSMPO-Avisma Corporation, the Russian manufacturer of titanium, aluminium and steel semi-finished products, and Embraer., the world’s largest manufacturer of commercial jets up to 120 seats, based in Brazil, signed an Amendment to the existing Long Term Agreement for supply of ...
  • 2011-08-18 10:35:01
    Severstal sponsors Museums of the Russian North charitable programme
    The Museums of the Russian North programme is devised and sponsored by Severstal, one of the world’s leading steel and mining companies, to support the development of regional museums in northern Russia. The following organisations and projects were judged by an expert panel to be the ...
  • 2011-08-17 15:37:33
    IZ-KARTEX completes delivery of four electric shovels
    IZ-KARTEX, a part of OMZ Group, will complete this August a number of deliveries of mining equipment to Sibirsky Antracit, Stoylensk mining and processing plant and Kazakhstan company TOO Bogatyr Komir. According to the contract with Sibirsky Antracit, in 2011 IZ-KARTEX has manufactured ...
  • 2011-08-17 10:18:13
    Airbus and VSMPO-Avisma sign up to strategic collaboration
    Airbus and VSMPO-Avisma Corporation signed a Memorandum of Understanding (MoU) for strategic collaboration on the manufacture and supply of value-added products, joint development projects and especially on the «Vertical Integration Project». This agreement further enhances the ...
  • 2011-08-17 10:17:00
    Metalloinvest and Rusfond to sign an agreement
    Metalloinvest became the corporate donor of the Russian aid fund (Rusfond) of the publishing house "Kommersant". The Group donated in July 2 million roubles to support projects of the fund in 2011. The first joint project of Metalloinvest and Rusfond is the aid program for children ...
  • 2011-08-16 15:13:37
    VSMPO-Avisma and Rolls-Royce sign long-term contracts for the supply of titanium products
    VSMPO-Avisma Corporation have signed three long-term agreements with Rolls-Royce for the period 2011 to 2015. The terms of each contract vary but extend the cooperation between the two companies which was established in 2000 with the signing of the first four-year Agreement. According to ...
  • 2011-08-16 10:57:30
    Rusal and Sberbank agree on improving terms of the USD4.58 billion loan facility
    Rusal and Sberbank of Russia announce reaching the agreement to improve the key terms and conditions of the loan facility of USD4.58 billion signed on 30 September 2010. According to the amended terms, the debt maturity will be extended such that the debt will mature 5 years from the ...
  • 2011-08-16 10:52:46
    NLMK to hold Extraordinary General Meeting of Shareholders
    NLMK’s Meeting of the Board of Directors, held on August 15, 2011, resolved to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of absentee voting. The deadline for the receipt of voting ballots was fixed at September 29, 2011. The following agenda was ...
  • 2011-08-16 10:25:51
    Norilsk Nickel makes new offer to Rusal
    The scheduled in-person meeting of the Board of Directors of OJSC MMC Norilsk Nickel (hereinafter: MMC Norilsk Nickel or the Company) took place today. The agenda consisted of a single item: announcement of the public offer to purchase securities of MMC Norilsk Nickel from the Company’s ...
  • 2011-08-15 14:07:47
    VSMPO-AVISMA Corporation to participate at MAKS-2011
    VSMPO-AVISMA Corporation will participate at the 10th International Airspace show MAKS-2011, which will be held August 16 – 21, 2011 in Zhukovskiy. The Corporation will demonstrate the titanium products for airplane and engine manufacturers at the exhibition, among which the ...
  • 2011-08-15 10:25:43
    TMK ships pipes with premium connections to Daewoo
    TMK, one of the world’s leading oil and gas steel pipe producers, has shipped casing with TMK PF Premium Connections to Daewoo Energy Central Asia. The product is intended for use in exploratory drilling program in Uzbekistan in 2011, which is being conducted by Daewoo Energy ...
  • 2011-08-15 00:01:44
    Russian Government plans to change copper export duty
    On August 11, 2011 First Deputy Prime Minister Viktor Zubkov held a meeting of the Sub-Commission for Customs Tariff and Non-Tariff Regulation and Protective Measures in Foreign Trade under the Government Commission for Economic Development and Integration. The meeting participants agreed ...
  • 2011-08-12 10:31:57
    Norilsk Nickel publishes IFRS 2010 financial statements
    MMC Norilsk Nickel, the world’s largest producer of nickel and palladium, announces publication of Consolidated Financial Statements for FY 2010 prepared in compliance with international standards. MMC Norilsk Nickel’s Financial Statements available on the Company’s ...
  • 2011-08-12 10:28:01
    Russian Chapel – symbol of tolerance and friendship
    A traditional ceremony at the Russian Chapel under the Vrsic pass was carried out, in a spirit of respectful friendship and cooperative enthusiasm between Slovenia and Russia. Several politicians and business people attended the event, including the Russian co-owners and the President of the ...
  • 2011-08-12 10:24:50
    OMZ-Spetsstal launches production of rotors for steam turbines, working with ultra supercritical steam
    OMZ’s OMZ-Special steels in the framework of the order from Shanghai Electric delivered two slugs for rotors made from high-chromium steel. This brand of steel products provides the required set of mechanical properties. The rotors are designed for steam turbines operating at ...
  • 2011-08-11 10:14:14
    RUSAL announces winners of the “Making Friends with Russia” contest
    UC RUSAL the world’s largest aluminium producer, is pleased to announce that the gift presentation for “Making Friends with Russia” Contest was successfully held yesterday. The contest attracted participation from 1,157 Facebook users, with most participants correctly ...
  • 2011-08-11 10:10:56
    NLMK Group completes notification procedures in accordance with Turkish laws
    NLMK Group companies, Novolipetsk and Altai-Koks, have duly completed notification procedures in accordance with the newly adopted Turkish legislation on control over chemicals. A notification file for the Group’s products, namely pig iron and ammonia sulfate, was prepared similar ...
  • 2011-08-11 10:08:12
    Mechel reports 1H 2011 operational results
    Production:   Product name 1H 2011, thousand tonnes 1H 2010, thousand tonnes 1H 2011 vs. 1H 2010, % Coal (run-of-mine) ...
  • 2011-08-10 16:44:49
    VEB is to offer credit for building of Taishet Aluminium Plant
    Supervisory Board of Vnesheconombank (VEB) approved a credit to UC Rusal for building of Taishet Aluminium Plant. UC Rusal will receive 40 billion roubles (aprroximately $1.360 bullion) during 15 years. In 2006, Rusal began construction of a 750,000 tonnes-per-annum greenfield aluminium ...
  • 2011-08-10 10:25:16
    Conversion and completion of redemption of convertible bonds due 2014
    Evraz Group S.A. announces that, further to its announcement on 24 June 2011, all the remaining outstanding convertible bonds due 2014 being US$100,000 in aggregate principal amount were redeemed on 4 August 2011. Earlier US$649,900,000 in aggregate principle amount of bonds were converted ...
  • 2011-08-10 10:22:53
    Mechel announces JORC summary of ore reserves and resources
    Mechel OAO, one of the leading Russian mining and metals companies, announces a JORC summary of its ore reserves and mineral resources as of May 1, 2011. Based on the review prepared by IMC Group Consulting Ltd., the total JORC Equivalent Coal Ore Reserves and Resources as of May 1, ...
  • 2011-08-09 10:09:16
    NLMK invests in new equipment to increase cold-rolled steel production
    NLMK has signed a EUR10.4 million contract with LOI Thermprocess GmbH, Germany, for 23 bell type annealing furnaces with an aggregate capacity of 480 ktpy to anneal low-carbon coils at the Group’s main site in Lipetsk. This project is part of the Company’s plan to increase ...
  • 2011-08-09 10:06:15
    MMK launches JDA® SCP based productive-economic planning system
    Magnitogorsk Iron and Steel Works OJSC (”MMK”), and GMCS Company today announced the pilot commissioning of a productive-economic planning system based on the JDA® Supply Chain Planner. The project is intended to optimize production and economic operations, which is a key ...
  • 2011-08-08 11:17:21
    Russian magnesium and titanium manufacture goes up
    In first half of 2011 magnesium production in Russia rose by 18.9% compared to the corresponding period of 2010, however magnesium alloys output dropped by 37.4%. In January-June 2011 titanium and titanium semi-products production tended to rise: titanium output grew by 29.9%, titanum ...
  • 2011-08-08 10:27:04
    Mechel announces financial lease contract for mainline diesel locomotives
    Mechel OAO, one of the leading Russian mining and metals companies, announces the signing of a three-party contract between Mecheltrans Vostok OOO, Sinara-Transport Machines OAO, and VTB Leasing OAO for development, production and delivery of TEM-8 type locomotives. The contract ...
  • 2011-08-08 10:24:44
    EVRAZ to expand portland tubular operations to supply growing North American energy sector
    EVRAZ announces plans to expand EVRAZ Inc. NA’s structural tubing facility in Portland, Oregon, to add capacity to manufacture American Petroleum Institute certified (API) pipe. This multi-million dollar investment will position EVRAZ to meet the growing demand for oil country tubular ...
  • 2011-08-05 10:39:25
    Mechel Announces appointment of Mechel-Energo OOO Chief Executive Officer
    Mechel, one of the leading Russian mining and metals companies, announces the appointment of Anatoly Merzlyakov as the new Chief Executive Officer of Mechel-Energo OOO. Mr. Merzlyakov replaces Sergei Zorin, who was acting chief executive officer. Anatoly Merzlyakov, 59, will continue to ...
  • 2011-08-05 10:37:04
    VSMPO-Avisma Corporation purchased Neftprominvest
    VSMPO-Avisma Corporation purchased 100% participatory interest in Neftprominvest registered capital. NeftprominvestT is owned by Titan Mining Company, LLC having a license for exploitation of Central deposit in Tambov district. In May Federal Anti-monopoly Agency granted ...
  • 2011-08-04 00:43:24
    Baikal mining company updated the Certificate on Udokan Mineral Resource estimation in accordance with the JORC Code
    In July 2011, Baikal mining company has received the updated Certificate on Udokan Mineral Resource estimation in accordance with the JORC Code. The certificate is issued by SRK Consulting — an independent international consulting company, specializing in the mining field. The ...
  • 2011-08-04 00:13:20
    Mechel Announces Payment of Dividends Based on 2010 Fiscal Year Results
    Mechel OAO, one of the leading Russian mining and metals companies, announces a dividend payment (including taxes) of 7,270,817,107.14 rubles (approximately 261.39 million US dollars*), based on the Company’s results for the 2010 fiscal year. Mechel OAO has aсcrued a total of ...
  • 2011-08-03 10:36:33
    NLMK creates US and European business divisions
    Following the acquisition of the rolling business of Steel Invest and Finance (formerly a joint venture between NLMK and Duferco Group) on July 1, 2011, NLMK announces the creation of its new business divisions - NLMK Europe and NLMK USA. NLMK is also pleased to announce the new ...