Metallurgy news

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  • 2011-06-28 10:37:14
    EVRAZ incentivised conversion of US$650 million 2014 Bonds
    EVRAZ announces that it has successfully incentivised the conversion of US$647,800,000 in principal amount (or 99.7% of the total outstanding amount) of convertible bonds originally due in 2014 and bearing annual coupon of 7.25%. The total cash incentive payment to facilitate the ...
  • 2011-06-28 10:33:34
    MetallurgMash: Pulse of the Market
    Siemens VAI estimates that the capacity of the Russian machinery market will reach €1,1 bn by 2015. Although it is less than the pre-crisis level (€1,4 bn in 2088), still is it much bigger as compared to €796 M in 2008, €772,4 M in 2010 and €857 M in 2011. In his ...
  • 2011-06-27 16:10:44
    MMK announces its consolidated financial statements under IFRS for Q1 2011
    Q1 2011 FINANCIAL PERFORMANCE HIGHLIGHTS:  MMK Group Q1 2011 sales amounted to USD 2,216 mln, 14% higher than Q4 2010.  Q1 2011 cost of sales rose 11% q-o-q, amounting to USD 1,775 mln.  Operating profit in Q1 2011 was ...
  • 2011-06-27 16:07:15
    Second EKG-18R power shovel manufactured by IZ-KARTEKS begins operations
    UK Kuzbassrazrezugol has completed the acceptance tests of the second EKG-18R power shovel manufactured by OOO IZ-KARTEKS (a part of OMZ Group) at Taldinsky coal mine. The first EKG-18R has begun operations this spring. EKG-18R is the first series-built power shovel in the second group ...
  • 2011-06-27 12:13:21
    Underwater Works on Nord Stream Pipeline Completed
    All three sections of the first of Nord Stream's twin 1,224 kilometre natural gas pipelines have now been joined together underwater by hyperbaric tie-ins. The completed pipeline through the Baltic Sea will now be prepared for connection to the landfalls in Russia and Germany later in the ...
  • 2011-06-27 09:08:41
    Rusal to raise up to US$4.75 billion for debt refinancing
    UC Rusal announced that its Board of Directors has approved the main terms and conditions of a new pre-export finance facility in the amount of up to US$4.75 billion with a club of international lenders. The facility proceeds will be primarily used to fully take out the outstanding debt ...
  • 2011-06-23 15:20:45
    New rolling plant to be built in the south of the Russia
    StavStal Company started of building of a metallurgical plant in Nevinnomysk industrial park (Kransnodar Kray). It plans to invest 3 bullion roubles (approximately $108.5 millons). Launch the rolling mill with capacity of 350 thousand tons is planned for May, 2012. The plant  will ...
  • 2011-06-23 13:17:55
    Mechel reported results of a meeting with Posco’s management
    Mechel reportув the results of a meeting between the management of Mechel and Posco, which include signing of the Framework Project Agreement and the Agreement for Construction of a Permanent Shift Worker Settlement for Elga Coal Complex. On June 21, during an official meeting between ...
  • 2011-06-23 11:32:01
    Rusal launches project for the extraction of low-iron bauxite
    UC Rusal announces the launch of a project for the extraction of low iron bauxite in the Republic of Komi by Timan Bauxite, a subsidiary of the Company. Future bauxite production is estimated at 250,000 tonnes per year. Bauxite will be extracted by open-cut mining at the Middle Timan ...
  • 2011-06-23 10:25:24
    Preliminary results of the AGM of MMC Norilsk Nickel
    Annual General Meeting of shareholders (AGM) of OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) took place in Moscow . Vladimir Strzhalkovsky, General Director – Chairman of the Management Board of MMC Norilsk Nickel, presented to shareholders the ...
  • 2011-06-22 16:35:00
    Rusal and GAZ to develop new machinery for aluminium industry
    UC Rusal announces the start of a joint project with GAZ Group to develop new machinery for the aluminium industry. The prototypes will be tested by Rusal's Siberian facilities in September. GAZ engineering division specialists are developing a pot crust breaking machine, metal handling ...
  • 2011-06-22 00:18:33
    Mechel won license for iron ore deposit in Yakutia
    Mechel reported winning the auction for the subsoil license for Pionerskoye iron ore deposit. The auction was held by Russia’s Federal Subsoil Use Agency (Rosnedra), with the results announced on June 20, 2011. Yakutugol won the subsoil license. In accordance with the ...
  • 2011-06-21 17:42:17
    VSMPO-Avisma and AVIC signed an agency agreement
    VSMPO-Avisma Corporation and AVIC International Holding Corporation, Beijing (People’s Republic of China), one of affiliate companies of state owned Aviation Industry Corporation of China (AVIC) signed an Agency Agreement for sales of titanium and aluminium semi-finished products ...
  • 2011-06-20 15:44:16
    MMK’ hot-rolled galvanized steel accepted by Renaul
    Magnitogorsk Iron and Steel Works (MMK) has successfully passed technical audit completed by Renault. As a result, MMK has received the French carmaker’s approval that allows the steelmaker to ship its hot-rolled galvanized steel designed for inner parts of Renault automobiles. ...
  • 2011-06-17 17:02:08
    NLMK revamps its melt shop
    NLMK has started the installation of main equipment for the revamped Continuous Casting Machine No.3 (CCM) at its main production site in Lipetsk. As a result, CCM production capacity will increase by more than 300 000 tpa, up to 1 mln tpa. CCM-3 will produce a wide mix of high-quality ...
  • 2011-06-17 16:44:41
    Alcoa and VSMPO-Avisma sign memorandum of understanding for collaboration
    Alcoa and VSMPO-Avisma Corporation announced today they have signed a Memorandum of Understanding (MoU) to cooperate in the design and production of innovative light alloy die forgings and extrusions for the commercial transportation market, including solutions for light-weight rail car ...
  • 2011-06-16 17:58:13
    Volgograd Small Diameter Tubes Plant rises production
    In January-April of the current year, Volgograd Small Diameter Tubes Plant (VZTMD) produced 48 thousand tons of steel tibes up 134.1 percent compared to the same period of last year (20.5 thousend tons). In April, 2011 output rise by 109.8 percent to 12.8 thousand tons. In 2010, VZTMD ...
  • 2011-06-16 15:10:44
    En+ Group and Export-Import Bank of China sign $5bln cooperation agreement
    En+ Group, a leading Russian diversified mining, metals and energy group, and Export-Import Bank of China (China Eximbank), one of the largest international lenders, signed today an agreement on financing the development of mining and power projects in Eastern Siberia. The Agreement was inked ...
  • 2011-06-16 12:04:58
    TMK Premium Connections Receive ISO 13679 CAL IV Certification
    TMK, one of the world’s leading oil and gas steel pipe producers, announces that qualification tests of TMK PF premium connections have been successfully held in accordance with the ISO 13679 CAL IV standard. The tests were conducted at the Oil States Industries international testing ...
  • 2011-06-15 14:59:32
    Rusal abandons claim to declare invalid conversion of Norilsk Nickel shares into ADR and transaction with Trafigura
    Court of arbitration of Krasnoyarsk Territory dismissed the claim of UC Rusal Investment Management LLC against Corbiere Holdings Ltd., Raleigh Investment Inc., Trafigura Beheer B.V., Bank of New York International Nominees, Bank of New York Mellon, OJSC MMC Norilsk Nickel, OJSC Norilsk ...
  • 2011-06-14 14:10:41
    Mechel placed commercial papers at a sum of 5 billion Rubles
    Mechel, one of the leading Russian mining and metals companies, announces successful closure of the books for the placement of its commercial papers of the 19 series. On June 9, 2011 Mechel closed the books for the placement of its interest-bearing commercial papers of the 19 series with ...
  • 2011-06-10 15:55:43
    Vadim Makhov appointed as OMZ General Director
    OMZ Group Board of Directors has appointed Vadim Makhov as the General Director of OMZ. “We are happy that Vadim Makhov has accepted the Board’s offer to become the head of the company. OMZ is entering a very important stage of its development: the Group’s companies ...
  • 2011-06-09 00:29:47
    New tube production started in Siberia
    Industry Equipment Company launched three weldings steel tube line total capacity 1 thousand tonnes in month in Altay region (Siberia). The company plan to produced electrowelded tube of the different form (rectangular, square, round) section from 20 mm and diameter from 15 mm with thickness ...
  • 2011-06-08 17:55:34
    Rusal starts environmental modernisation at four plants
    UC Rusal announced the launch of environmental modermisation at four of its plants. The total investment into these projects is expected to amount to RUR5.5 billion (approx. USD200 million). New environmental projects have started at three Urals plants – the Bogoslovsky Aluminium ...
  • 2011-06-08 14:25:13
    Mechel launced modernized steelmaking complex at Otelu Rosu
    Mechel announced the launch of an modernized steelmaking complex at its Romanian-based subsidiary Ductil Steel Otelu Rosu. The complex’s launch was attended by Prefect of Caras-Severin Octavian Tunea, Fuchs Technology’s President Gerhard Fuchs, Mechel’s Chairman of the ...
  • 2011-06-07 13:58:20
    Dzhubga – Lazarevskoye – Sochi gas pipeline commissioned
    Gazprom commissioned the Dzhubga – Lazarevskoye – Sochi gas pipeline on the 6th of June, 2011. Sochi hosted the celebrations devoted to this event participated by Vladimir Putin, Prime Minister of the Russian Federation, Alexey Miller, Chairman of the Gazprom Management ...
  • 2011-06-07 11:31:03
    Chelyabinsk Zinc Plant increased sales in Russia
    In the January-March, 2011 Chelyabinsk Zinc Plant increased production of zinc and its alloys by 3% to 39,576 thousand tons. Approximately of 53.6% of metal has been sold in the Russian market (in January-March, 2011 - 44%). Besides, the directors board made decision to increase the ...
  • 2011-06-03 16:36:57
    Mechel announces new appointment in Chelyabinsk Metallurgical Plant
    Mechel, one of the leading Russian mining and metals companies, announces the appointment of a new Managing Director of its subsidiary Chelyabinsk Metallurgical Plant. Rashid Nugumanov, 53, was appointed Managing Director of Chelyabinsk Metallurgical Plant effective June 3, 2011. He ...
  • 2011-06-02 17:01:20
    MMK reduces specific emissions
    Magnitogorsk Iron and Steel Works (MMK) in-house environmental management system (EMS) study shows that the Group reduced emissions per unit of finished product by 6.34% y-o-y in 1Q 2011. The EMS study was carried out to determine ways to improve the efficiency of environmental ...
  • 2011-06-02 13:45:51
    Russian copper industry increases production
    According to figures released by the Federal Statistic Service in April of the current year copper output rose by 3.7 percent year on year. Federal Statistic Service also informed about copper semi products production. For example, copper bars and profiles output increased by 3.0 percent ...
  • 2011-06-01 13:37:13
    New rolling plant to be built in Ryazan region
    The government of the Ryazan region, administration of Pronsky municipal area and Trabikum Limited have signed the agreement about building of steel rolling plant. New plant will produce 2.5 million tons of hot rolled sheets in year, investments will be more than 47.5 bullion roubles ...
  • 2011-05-27 10:20:18
    RUSAL aims to reduce skilled labor scarcity in Guinea by educating 100 local students in Russia’s best universities
    RUSAL, the world’s largest aluminium producer, is pleased to announce the launch of a unique education programme the “RUSAL Scholarship-2011”. The RUSAL Scholarship will provide 100 talented young Guineans aged between 18 and 25 the opportunity to be educated in ...
  • 2011-05-27 10:18:14
    Vladimir Strzhalkovsky, Director General, MMC Norilsk Nickel, held meetings with investors in USA
    Norilsk Nickel reports the results of business trip to the USA of Vladimir Strzhalkovsky, General Director of the Company. Vladimir Strzhalkovsky held a number of meetings with institutional investors - holders of the Company shares in the USA (New York and Boston) on May 19 and May 20. ...
  • 2011-05-27 10:16:17
    Severstal Resources continues to improve energy efficiency of its mining operations
    Over the course of three days at the Severstal Resources Energy Efficiency Forum in Vorkuta, more than 80 specialists have shared their knowledge and expertise in the field of energy efficiency and health and safety at energy facilities. The Forum has gathered professionals from four ...
  • 2011-05-27 10:13:28
    Fitch upgrades NLMK to BBB-
    Fitch t the international rating agency has upgraded NLMK long-term credit rating from BB+ to the investment grade level at BBB- with a stable outlook. Fitch, in a press-release published today, highlights NLMK’s progress in balancing its 40% crude steel growth and re-rolling ...
  • 2011-05-20 10:05:00
    RUSAL signs memorandum of intent with Ministry of Industry, Mines and Technology Development of Republic of Cameroon
    RUSAL, the world’s largest aluminium producer, reports on the visit of a delegation of the Company to the Republic of Cameroon and the signing of the memorandum of intent with the Ministry of Industry, Mines and Technology Development. During the visit, the delegation studied the ...
  • 2011-05-20 10:03:00
    Integrated Management System of ZapSib successfully passed audit on conformity to international standards
    Experts from«Bureau Veritas Certification» (one of the world leaders in the field of certification) have confirmed conformity of the integrated management system of the Consolidated West Siberian Metallurgical Plant (part of EVRAZ) to international standards ISO 9001 (quality ...
  • 2011-05-20 10:01:00
    TMK ships 13-Chrome steel pipes with Premium Connections to Rosneft
    TMK, one of the world’s leading oil and gas steel pipe producers, has completed a shipment of 13-Chrome tubing with TMK FMT premium connections to a Rosneft subsidiary operating the Chkalovskoye field. The pipes were made from 13-Chrome steel, which is high resistant to harsh ...
  • 2011-05-19 10:01:00
    Metal-Expo ranks among the 3 largest Russian industrial trade shows
    Informexpo Agency ranked Metal-Expo 3d among 43 Moscow industrial trade shows in 2010. Such criteria as number of exhibitors and the total exhibition space were among the most important ones. In addition to that, the Agency also pointed out a high percentage of international exhibitors ...
  • 2011-05-19 10:01:00
    EVRAZ NTMK becomes first Russian company to master production technology of extrahard railway wheels
    EVRAZ NTMK has become the first Russian company to master the production technology of extrahard railway wheels. Wheels of 350 – 390 Brinell units of hardness are designed and suitable for the use on arterial railways. Once the certification of an experimental batch of new goods on ...
  • 2011-05-18 10:21:45
    TMK announces 2011 first quarter production results and trading update
    OAO TMK, one of the world’s leading oil and gas steel pipe producers, today announces its production results for the period ending March 31, 2011. For the first three months of 2011, TMK shipped 1,077 thousand tonnes of pipes to customers, representing a 15.4% increase over the ...
  • 2011-05-18 10:17:53
    Evraz Group Q1 2011 trading update highlights
    Revenue for the three-month period ended 31 March 2011 was US$3,894 million Adjusted EBITDA [1] was US$740 million [2] with adjusted EBITDA margin of 19% Interest expense was US$191 million Total debt as of 31 March 2011 amounted to US$7,809 million, including US$713 million of ...
  • 2011-05-17 16:18:17
    Freight One Announces January-April 2011 Results
    Freight One increased its traffic volume in January-April 2011 by 14.7 % to more than 97.2 million metric tons over the same period of 2010. This figure includes 38.6 million metric tons of coal (+29.1%), 23.2 million metric tons of oil (-8.9%), 8.4 million metric tons of non-ferrous and iron ...
  • 2011-05-17 10:24:14
    Results of Evraz Group Annual General Meeting
    EVRAZ Group announces that at its Annual General Meeting held yesterday in Luxembourg all the resolutions were passed. In particular, the shareholders approved the Directors' Report and the consolidated and stand-alone financial statements for the year ending December 31, 2010, determined the ...
  • 2011-05-17 10:20:58
    Izhorskiye Zavody ship the reactor shell for Novovoronezh NPP-2
    Izhorskiye Zavody, a part of OMZ Group, has shipped the VVER-1200 reactor vessel for Novovoronezh NPP-2. This is the first nuclear reactor vessel manufactured in Russia for a Russian nuclear power plant in the past 20 years. Novovoronezhskaya nuclear power plant was commissioned in 1964 ...
  • 2011-05-16 11:25:24
    Norilsk Nickel continues to develop employee motivation system
    In 2010 Norilsk Nickel showed an increase both in productivity and salaries. As a result, the Company managed to maintain its leading position among major businesses operating in Russian mining and metallurgy industry in terms of salary levels. In 2010 the expenditures associated with ...
  • 2011-05-16 11:14:21
    Shaft construction at Gubkin Mine
    Work has been completed at KMAruda Works to choose a construction company to sink and construct a skip shaft at the Gubkin mine. Following a tender and discussions with five applicant firms, OAO Shakhtspetsstroi Trust was selected. An agreement was signed between the works and this ...
  • 2011-05-13 10:25:20
    Norilsk Nickel Director General met with Governor of West Nusa Tenggara, Indonesia
    Vladimir Strzhalkovsky, Director General and Chairman of the Management Board of OJSC MMC Norilsk Nickel had a business meeting with Mohammed Zainul Majdi, Governor of West Nusa Tenggara province. During the meeting, the parties discussed the potential development of copper-nickel ore ...
  • 2011-05-13 10:20:00
    Agenda for Severstal 2010 AGM and recommendation of Q1 2011 dividend payments
    Seversta, one of the world’s largest vertically integrated steel and mining companies, today announces that the Board of Directors approved the following agenda for the 2010 AGM to be held in Cherepovets, Russia on 27 June 2011: Re-election of the members of the Board of Directors ...
  • 2011-05-12 10:16:02
    NLMK product quality complies with international standards
    Novolipetsk has passed a series of audits conducted by TÜV SÜD, the independent German certifying agency. TÜV SÜD experts examined the Company’s overall Quality Management System (QMS) confirming its compliance with international standard ISO 9001:2008 Quality ...