Metallurgy news

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  • 2011-04-11 10:19:04
    Mechel announces Board of Directors’ resolutions
    Mechel, one of the leading Russian mining and metals companies, announces decision of the board of directors to convene the annual general shareholders' meeting of Mechel OAO. The Board of Directors of Mechel OAO (the Company) held a meeting on April 8, 2011. The following resolutions ...
  • 2011-04-08 10:45:40
    MMK announces its consolidated financial statements under IFRS for 12M and Q4 2010
    SOLID RESULTS IN 12M AND Q4 2010: MMK Group 2010 sales amounted to USD 7,719 mln, exceeding 2009 level by 52%. 2010 EBITDA reached USD 1,606 mln, which is 23% higher compared to 2009. 2010 EBITDA margin at 21%. Profit for the period for 2010 amounted to ...
  • 2011-04-08 10:44:12
    IZ-KARTEX completes acceptance testing of a new power shovel
    OAO UK Kuzbassrazrezugol has completed acceptance tests of the EKG-18R power shovel at Taldynskiy coal mine. The equipment was manufactured by OOO IZ-KARTEX, a part of OMZ Group. The power shovel is designed to excavate and load rocks during open mining. EKG-18R is the first ...
  • 2011-04-07 10:12:47
    RUSAL CEO Oleg Deripaska Visits Guinea with Russian Government Delegation
    RUSAL the world's largest aluminium producer, reports on the visit of RUSAL top management to Guinea as part of the official visit of the Russian government delegation in the country. During the visit, the Minister of Natural Resources and Environment of the Russian Federation Yuri Trutnev ...
  • 2011-04-07 10:07:35
    MMK Completed First Phase of Equipping Mill 2000
    Magnitogorsk Iron & Steel Works (MMK) reports it has assembled first phase of technological equipment at its mill 2000. Continuous pickling line has been linked to the ‘tandem’ mill. All the necessary gear has been put in place. The roll test has been accomplished at the ...
  • 2011-04-06 11:36:36
    New enrichment technology is introduced at enrichment factory of KMAruda Works
    The decision has been taken to introduce an additional stage of pulverization at plot No. 2 of the crushing and enrichment factory. Where before only two stages have been in effect—a first and second stage—now a third is being added that includes «Stack Sizer» ...
  • 2011-04-06 11:08:52
    Norilsk Nickel prospecting summary 2008-2010 and outline of key priorities for 2011
    Norilsk Nickel announces the results of prospecting department’s activities and outlines its plans for 2011. Financing of the company’s prospecting activities for 2008-2010 has totaled RUB 3.969 billion. The increase of Norilsk Nickel group’s reserves has been 3,4 ...
  • 2011-04-06 11:06:54
    Rusal announces opening of book with respect to ruble bond issue by Rusal Bratsk
    RUSAL the world's largest aluminium producer, announces the opening of book with respect to the second tranche, Series 08, of the ruble bond issue by OJSC RUSAL Bratsk in the amount of 15 billion rubles. Series 08 is represented by 15 million of bonds with a par value of 1,000 rubles ...
  • 2011-04-05 10:20:39
    NLMK comments on ICAC decision
    On March 31, 2011 the International Commercial Arbitration Court (ICAC) of the Chamber of Commerce and Industry of the Russian Federation partially satisfied the claims of Nikolay Maximov, Maxi-Group’s minority shareholder, against NLMK. NLMK’s motions to suspend the ICAC ...
  • 2011-04-05 10:13:39
    Mechel Announces New Appointment In Management
    Mechel announces the creation of the position of Vice-President for Commercial Activities. Mikhail Urvantsev, 42, was appointed Mechel OAO’s vice-president for commercial activities. Prior to this appointment Mr. Urvantsev began his professional career at Beloretsk ...
  • 2011-04-04 10:20:26
    EZTM has designed new generation of hot-blast valves
    EZTM JSC has developed new designs of valves basing on the performed experimental and theoretical research and on the analysis of maintainability of home- and foreign-made hot-blast valves. The designs meet the modern requirements of blast-furnace process which consist in maximal cooling flow ...
  • 2011-04-04 01:02:24
    TMK announced 2010 IFRS consolidated results
    TMK , one of the world’s leading producers of pipes for the oil and gas industry, announced its IFRS audited consolidated results for 2010. 2010 Highlights Financials: Revenue grew by 61% to U.S.$ 5,578 million as a result of strong recovery in demand across all key ...
  • 2011-04-04 00:31:56
    Results of the Meeting of the Board of Directors of MMC Norilsk Nickel
    Last Fridy new Board of Directors of OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) met for the first time since it was elected at the Extraordinary General Meeting (EGM) of shareholders on March 11, 2011. Among other matters, the agenda of the meeting ...
  • 2011-04-01 17:38:46
    Norilsk Nickel prospecting summary 2008-2010 and outline of key priorities for 2011
    OJSC MMC Norilsk Nickel announces the results of prospecting department’s activities and outlines its plans for 2011. Financing of the company’s prospecting activities for 2008-2010 has totaled RUB 3,969 billion. The increase of Norilsk Nickel group’s reserves has been ...
  • 2011-04-01 10:42:26
    Norilsk Nickel and Department of mineral resources of South Africa sign strategic partnership declaration
    Vladimir Strzhalkovsky, the General Director and Chairman of the Management Board of OJSC MMC Norilsk Nickel (the Company) and Sandile Noxgina, the Director General of the Department of Mineral Resources of South Africa, had a business meeting in RSA on Tuesday, March 29. To further the ...
  • 2011-04-01 10:40:34
    Completion of the sale of the subsidiary of SNA
    Severstal, one of the world’s leading steel and mining companies, has completed the sale of the subsidiary of Severstal North America (“SNA”) which owns facilities at Warren, OH, Wheeling, WV, and Sparrows Point, MD on the previously disclosed terms to The Renco Group, Inc. ...
  • 2011-04-01 10:01:00
    Russian President Dmitry Medvedev visited Magnitogorsk Iron & Steel Works (MMK)
    Russian President Dmitry Medvedev chaired a session of the presidential commission for modernization and technological development of Russia’s economy that was held at the headquarters of Magnitogorsk Iron & Steel Works on March 30. Before the session Dmitry Medvedev toured MMK ...
  • 2011-03-31 13:27:32
    EVRAZ announces financial results for 2010
    EVRAZ Group announces its audited financial results for the year ended 31 December 2010. 2010 Highlights: Financials: * Consolidated revenue US$13,394 million (+37% vs. 2009) * Consolidated adjusted EBITDA US$2,350 million (+90%) * Net profit US$532 million (net loss ...
  • 2011-03-31 10:58:51
    Rusal increased net profit almost in 3.5 times
    UC Rusal, the world’s largest aluminium producer, announces its full year results for 2010. Key highlights Financial Net profit of US$2,867 million for 2010 compared to net profit of US$821 million for 2009. Revenue increased by 34.5% to US$10,979 million as a result ...
  • 2011-03-31 10:26:24
    Severstal wins award for Best Supplier to the Automobile Industry
    Severstal has won the award for Best Supplier to the Automobile Industry at the Moscow Auto Forum, annual conference organized by Adam Smith Conferences held in Moscow each year that gathers leading Russian and international auto groups. Severstal is the largest supplier of rolled metal ...
  • 2011-03-31 10:01:00
    Director General of MMC Norilsk Nickel meets South African President
    Vladimir Strzhalkovsky, the Director General and Chairman of the Management Board of MMC Norilsk Nickel met with the President of the Republic of South Africa Jakob Zuma in RSA on March 27/. The meeting was held as part of the Director General’s business visit to the Republic of ...
  • 2011-03-30 12:29:22
    En+ Downstream expands output of aluminium semi-products
    En+ Downstream (includes Krasnoyarsk Metallurgical Plant KraMZ, Dmitrov Can Tape Test Plant Dozakl and Mosmek - manufacturers of aluminium products for the aviation, spacecraft building, defense, construction and other industries) announces results for the year ended 31 December 2010. The ...
  • 2011-03-30 10:35:44
    CherMC confirms compliance of its Quality Management System with top international standards
    The Cherepovets Metallurgical Works (“CherMC”), part of the Russian Steel Division of OAO Severstal, one of the world’s leading steel and mining companies, successfully passed a recertification audit of its Quality Management System in compliance with International Standards ...
  • 2011-03-30 10:28:06
    OAO Koks: Best Kuzbass Brand, Sales Leader
    Based on its 2010 performance, OAO Koks has been named the winner of the regional competition “Kuzbass Brand” in the category “Best Kuzbass Brand – Sales Leader” in the “Metallurgy” group. This year, 150 companies applied to participate in the ...
  • 2011-03-29 10:25:19
    Fitch Affirmed Norilsk Nickel at BBB- and removed "Rating Watch Negative". The Outloook is Stable
    Norilsk Nickel announces that the international rating agency Fitch Ratings affirmed its foreign currency Long-Term Issuer Default Rating (IDR) at "BBB-" and foreign currency Short-Term IDR at “F3”. The agency has removed the Rating Watch Negative, where it was placed on ...
  • 2011-03-29 10:21:43
    Mechel announces launch of coking battery #6 at Mechel-Coke
    Mechel OAO a leading Russian mining and steel company, announces the launch of the reconstructed coking battery #6 at Mechel Mining OAO’s subsidiary, Mechel-Coke OOO. The launch will enable the company to step up production of coke and chemical products and ensure production ...
  • 2011-03-28 11:20:07
    Rusal signs MoU with Xinshan Aluminium Industry Demonstration Park
    UC Rusal announces the signing of a Memorandum of Understanding (MoU) with Xinshan Aluminum Industry Demonstration Park, China’s largest organization responsible for the development of aluminium production in the country and supported by the Chinese Government. The MoU signed provides ...
  • 2011-03-28 10:28:16
    OAO Koks' focusing on modernization and environmental protection
    Representatives from the Institute of Coal Chemistry and Chemical Materials Science have joined OAO Koks' scientific and technical council. The decision was made at a meeting between OAO Koks managing director Sergei Diakov and the director of the Institute of Coal Chemistry and Chemical ...
  • 2011-03-28 10:16:36
    MMK Group completed the sale of Belon energy business
    Open Joint Stock Company Belon, part of Magnitogorsk Iron & Steel Works Group (MMK), announced it has completed the sale of its energy business including 100 percent shares of Listvyazhnaya Coal Mine and 100 percent shares of Listvyazhnaya Preparation Plant to SDS-Coal Holding Company. ...
  • 2011-03-25 10:28:51
    MMC Norilsk Nickel: 2010 performance of transportation and logistics
    MMC Norilsk Nickel summarized the performance of Transport and Logistics Unit in 2010. The Transport and Logistics Unit ensures the water, rail, truck and air transportation of all cargoes of the Company. In 2010, the unit’s cargo turnover amounted to 2.5 million tons with 1 ...
  • 2011-03-25 10:22:35
    Work is being completed to create new pneumatic collapsing system at OAO Koks' coal preparation division
    The need to improve the pneumatic collapsing system of the charge warehouse is due to the fact that the factory mainline was insufficient for effective charge collapsing in the pressure silos. With the required pressure of six atmospheres, air with a pressure of three atmospheres was fed. As ...
  • 2011-03-24 14:01:58
    Producers and users of coated rolled products will discuss trends in the market
    According to different estimations, today around 500 steel service centers and steel structures plants as major consumers of galvanized and painted rolled products including shaped decking, metal tiles, bent shapes etc. operate in Russia. The number of plants engaged in further processing of ...
  • 2011-03-24 13:30:42
    NLMK increases funding for environmental projects
    In 2010 NLMK allocated RUR4.14 billion (almost RUR100 million up year-on-year) towards environmental protection projects at its main production site in Lipetsk, a record amount since the launch of the Company’s Technical Upgrade Program and the highest investment into environmental ...
  • 2011-03-24 02:36:48
    Rusal welcomes the new board at Norilsk Nickel
    UC Rusal, the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, welcomes the election of a more balanced board of directors at the extraordinary general meeting of shareholders on 11 March 2011. Rusal is pleased that all candidates supported by Rusal ...
  • 2011-03-23 10:30:37
    Results of the Extraordinary General Meeting of Shareholders of MMC Norilsk Nickel
    MMC Norilsk Nickel announces results of the Extraordinary General Meeting of shareholders (EGM), which took place on March 11, 2011. As reported earlier, the EGM had been initiated for the second time in less than six months by UC RUSAL Investment Management LLC (subsidiary of UC Rusal ...
  • 2011-03-23 10:20:33
    KMAruda to announce tender for construction of three new mineshafts
    A tender has begun at KMAruda works to select a contractor for the construction of three new mineshafts. In connection with the tender, representatives from five Russian companies have arrived at the company: OOO GSK Shakhtproyekt, OAO Trest Shakhtspetsstroi, ZAO OShK Soyuzspetsstroi, OAO ...
  • 2011-03-22 10:49:41
    Rusal Sees Higher Demand for Aluminum From Japan
    Russian aluminum producer United Co. Rusal sees good prospects for aluminum due to growing demand from Japanese reconstruction in the wake of the devastating earthquake and tsunami. Rusal, which sends about 8% of its exports to Japan, expects demand for the metal to rise there in the ...
  • 2011-03-22 10:20:53
    Alexander Popov appointed Director General of OAO Olkon
    Alexander Nikolayevich Popov has been appointed as Director General of the Olenegorsk Mining and Concentration Works (ОАО Olkon), part of the mining division of OAO Severstal, one of the world’s leading steel and mining companies, with effect from 22 March 2011. Alexander ...
  • 2011-03-22 04:00:21
    NLMK boosts its colour-coating capacity by over 50%
    NLMK has launched its 200,000 tpa Colour-Coating Line No.3 (CCL-3) for cold-rolled galvanized steel. The addition of the facility will have a significant effect on NLMK’s total production capacity for this high value added product, which will grow by 53% to 580,000 tpa, strengthening ...
  • 2011-03-21 10:03:15
    Russian aluminium export reduces, demand rise
    According to Federal Customs Service of Russia, export of primary aluminium reached 164.8k tons in January 2011 (18.2% down year-on-year). In terms of money the total aluminium export reachedUSD 297 million as compared to USD 361.8 million in the corresponding period of 2010. Aluminium export ...
  • 2011-03-21 04:02:47
    TMK Acquires a Stake in Volgograd River Port
    TMK, one of the world’s leading oil and gas steel pipe producers, has acquired a 25.5% stake in the Volgograd River Port from the Russian State. TMK won an auction held by Russia’s Federal Property Management Agency on March 16, 2011. OAO Volgograd River Port includes several ...
  • 2011-03-21 02:40:03
    Freight One Hauled 220,000 Metric Tons of Iron Ore from East Siberia in February
    A total of 220,000 metric tons of iron ore concentrate were hauled in Freight One cars from East Siberian deposits in February 2011. The ore is hauled from Yevrazruda Company’s Irbinsky (Bolshaya Irba) Plant and Krastsvetmet Company’s Krasnokamensk Plant in Krasnoyarsk ...
  • 2011-03-21 00:39:54
    Udokan project development is included in the Federal Grid Company of Unified Energy System investment program for 2010-2014
    Power supply for building the future mining and processing plant at Udokan copper deposit is included in the investment program of the open joint-stock company Federal Grid Company of Unified Energy System (JSC FGC UES) for 2010-2014. According to Baikal Mining Company development ...
  • 2011-03-18 10:20:34
    KRF-40 bucket-loader by PAUS to be installed at Gubkin mine
    A new KRF-40 bucket-loader, manufactured by the German company PAUS, has arrived at the Gubkin mine. The new bucket-loader is mounted on rails and attached to overhead wiring. It is meant for use in loading ore spillage and for clearing rock from mining roadways and railway areas. Once ...
  • 2011-03-18 00:33:47
    Freight One Hauled Over 94,000 metric tons of Aluminum in January-February 2011
    Freight One hauled 94,100 metric tons of aluminum in the first two months of 2011 from the Krasnoyarsk and Sayanogorsk aluminum smelters to the ports of the Northwestern, Far Eastern and Azov-Black Sea regions, an increase of 0.9% over the same period of last year. The company attributes ...
  • 2011-03-17 10:36:07
    MMK spent more than 400M rubles on labor protection in 2010
    Magnitogorsk Iron and Steel Works analyzed results of 2010 labor protection program. The analysis showed that the labor protection at all the divisions of the Works was carried out in accordance to the Acting Law of the Russian Federation. The industrial safety management system and labor ...
  • 2011-03-17 10:21:14
    Electrostal Heavy Engineering Works continues performing orders
    Mechanical – assembling shop №1 is completely furnished with orders to the end of the 1st quarter. Blast-furnace equipment and rolling equipment are in production, the work on the orders is carried out for “Vyksa Steel Works”, JSC , for “Taganrog metallurgical ...
  • 2011-03-16 10:28:05
    EVRAZ Launches «EVRAZ New Leaders 2011» Programme
    Evraz Group has announced the launch of «EVRAZ New Leaders 2011», a multi-module integrated programme aimed at developing the Company’s personnel. The programme is intended for employees with a higher technical education. In 2011, 57 employees of EVRAZ subsidiaries in ...
  • 2011-03-16 10:25:32
    Acroni to be first industrial company to be SIST EN 16001 certified
    On March 15 Acroni, SIJ – The Slovenian Steel Group, became the first industrial company, and only the second company in the whole of Slovenia, to be officially SIST EN 16001 certified (Energy Management Systems). At the beginning of 2011 an external certification audit was carried out ...
  • 2011-03-15 11:29:35
    Standard & Poor’s upgrades Evraz to B+
    Evraz Group welcomes the upgrade by Standard and Poor’s Rating Service of Evraz’s long-term corporate credit rating from ‘B’ (Stable) to ‘B+’ (Stable). Standard & Poor’s commented: “The upgrade reflects an improvement of Evraz's ...