Metallurgy news

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  • 2011-03-15 11:20:12
    Tibor Simonka nominated President of Executive Board of Directors of SIJ, Slovenian Steel Group
    On March 1Tibor Simonka Nominated The President of the Executive Board of Directors of SIJ –The Slovenian Steel Group for Another Five-Year Mandate On Thursday, 24 February 2011, the 13th regular meeting of the Supervisory Board of SIJ – The Slovenian Steel Group took place, where ...
  • 2011-03-14 12:20:34
    Evraz statement regarding equity stake in Raspadskaya
    Evraz Group S.A. notes media speculation regarding the potential disposal of Evraz's 40% indirect equity stake in the Russian coking coal producer OAO Raspadskaya. Evraz confirms that it is considering options with respect to this stake, and will refrain from further comments unless a ...
  • 2011-03-14 10:20:50
    MMK announces signing of share purchase agreement with view to consolidate 100% shares of MMK ATAKAS
    MMK announces signing of the share purchase agreement to acquire 50 percent minus one share of MMK-Atakas from the Atakas Family. The agreement price is USD 485 million. Thus, MMK will be able to consolidate 100% shares in the Company. The transaction is expected to be completed by November ...
  • 2011-03-11 18:25:04
    Extraordinary General meeting of shareholders of Norilsk Nickel
    Extraordinary General Meeting of Shareholders (“EGM”) of OJSC MMC Norilsk Nickel (“MMC Norilsk Nickel” or “the Company”) took place in Moscow today. The agenda of the shareholder meeting included two items: pre-term termination of powers of the Board ...
  • 2011-03-11 11:04:48
    Magnezit Group and Chelyabinsk Zinc Plant carry out a project for recycling steelmaking waste and producing zinc concentrate
    Magnezit Group jointly with Chelyabinsk Zinc Plant JSC (CZP) have started implementing a project for utilization and reprocessing of Electric Arc Furnace Dust (EAF). The result will be production of concentrate (Waelz oxide) with zinc content of up to 60% which will be processed at zinc ...
  • 2011-03-11 10:26:34
    Izhorskiye Zavody sign an agreement with General Construction Corporation to produce metal structures for Western Speedway
    Izhorskiye Zavody, a part of OMZ Group, has signed an agreement with OAO General Construction Corporation to supply metal structures for a part of Western Speedway in St. Petersburg, from Stachek ave. to Kalinin street. The items in question include blocks, consoles and links weighing over ...
  • 2011-03-11 10:20:01
    Evraz Group appoints Vice President of Corporate Communications
    Evraz Group announces the appointment of Oleg Kuzmin as Vice President of Corporate Communications. He will be responsible for the implementation of PR strategy and the Communication Policy of the Company. He will also be accountable for the coordination of the internal and external ...
  • 2011-03-11 09:50:25
    UC Rusal makes debt repayments totalling USD835 million
    UC Rusal announces that it has made debt repayments in the total amount of approximately USD835 million to its international lenders, Russian lenders and Onexim Holdings Limited under the International Override Agreement (IOA). The debt repayments were made on four separate dates, 16 ...
  • 2011-03-10 11:40:41
    US Federal Court Orders The Bank of New York Mellon to Provide Norilsk Evidence to RUSAL
    On 9 March 2011, the US Federal District Court for the Southern District of New York granted RUSAL’s application for discovery from Bank of New York Mellon (“BoNY”). The court ordered BoNY to produce all documents concerning the Trafigura Transactions and the Buy-Back, ...
  • 2011-03-10 10:18:44
    Norilsk Nickel signs joint operations plan with Federal Service for Supervision of Natural Resource Usage
    MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) informs that Vladimir Strzhalkovsky, General Director and Chairman of the Management Board of MMC Norilsk Nickel, and Vladimir Kirillov, Head of Federal Service for Supervision of Natural Resource Usage, signed Joint ...
  • 2011-03-10 10:12:51
    MMK-Atakas commissions electric arc furnace facility
    MMK-Atakas, a joint venture of OJSC Magnitogorsk Iron & Steel Works (MMK) and Atakas Group, commissioned an electric arc furnace facility at the industrial complex in Iskenderun (Turkey) today in the presence of the Prime Minister of the Turkish Republic Recep Tayyip Erdogan. ...
  • 2011-03-09 17:53:25
    Mechel reports successful intermediate industrial testing of Uvatsk Deposit Quartzites
    Mechel reports that the group’s Bratsk Ferroalloy Plant began test melting of an industrial probe of quartzites from the plant’s own resource base, the Uvatsk deposit. The intermediate results of melting of the industrial probe of quartzites, the main raw material used in ...
  • 2011-03-09 10:32:54
    PRC Ministry of Environmental Protection delegation visits Izhorskiye Zavody production facilities
    zhorskiye Zavody production facilities were visited by the delegation of the People’s Republic of China Ministry of Environmental Protection, headed by Chen Jinyuan. The delegation included Hao Xiaofeng, director of the nuclear energy division of the Nuclear Safety Department, Gao ...
  • 2011-03-09 10:30:17
    Mikhailovsky GOK won Russian Government Award
    Mikhailovsky GOK (a subsidiary of Metalloinvest Holding) won the Russian Government Award in Science and Techology, as announced in the Decree of the Prime Minister Vladimir Putin #285-p dated February 25, 2011. Mikhailovsky GOK received the Award for development and implemenation of the ...
  • 2011-03-04 17:16:15
    UC Rusal’s statement in connection with favorable Krasnoyarsk Arbitration Court judgment
    Today the Krasnoyarsk Arbitration Court has issued a judgment in favor of UC Rusal by which it compelled Norilsk Nickel to disclose information about its operational activities and certain transactions including the accounting documents for shipments of metal for export and domestically, ...
  • 2011-03-04 12:21:08
    Norilsk Nickel Statement regarding UC Rusal Anouncement
    MMC Norilsk Nickel (the “Company”) notes the announcement by UC Rusal that it had rejected the Company's revised proposal to acquire a 20% interest in the Company from UC Rusal’s wholly-owned subsidiary, LLC United Company RUSAL Investment Management, for $12.8 billion. ...
  • 2011-03-04 11:14:39
    MMK announced the results of its RUR 5 bln bonds placement at MICEX
    On March 03, 2011 MMK placed its RUR 5 bln bonds (series BO-04) with the maturity period of 1092 days (3 years). The offer for the issue is not provided. The issue is included in the list “B” at MICEX. The total value of demand from investors equaled to RUR 8.746 bln which ...
  • 2011-03-04 10:40:06
    Rusal declined the offer of Norilsk Nickel
    UC Rusal announces that the Board of Directors of Rusal have resolved to reject the proposal set out in the letter from MMC Norilsk Nickel to purchase the company’s 20% stake in MMC Norilsk Nickel. The Board of the Company carefully studied  the analysis of the situation ...
  • 2011-03-04 10:11:28
    TMK’s premium connections run into Lukoil’s offshore
    Specialists from TMK, the global producer of pipes for the oil and gas industry, took part in lowering a tubing string with Premium-class threaded connections into a well of more than 2.5 kilometers deep, situated on Luloil’s Yury Korchagin oil deposit in the Caspian Sea. The pipes ...
  • 2011-03-03 16:56:33
    Platform to Make Decisions
    Another session of Metal-Expo’2011 Organizing Committee was held in Moscow on Mach 2. Among the member of the Organizing Committee are representatives of the key industrial unions and associations acting in the steel industry, construction, and machine-building, as well as heads of ...
  • 2011-03-03 10:19:12
    MMK spent over 2.2 billion rubles on environmental safety improvement in 2010
    MMK posted the 2010 results of its Environmental Program implementation today. In pursuit of a better ecology by reducing and preventing harmful impact on the environment the company implemented 35 special projects for the total of over 2.2 billion rubles (over $73 mln). Most of the ...
  • 2011-03-02 10:48:48
    Rusal announces that book with respect to ruble bond issue is closed with over 2 times oversubscription
    Rusal, the world's largest aluminium producer, announces the closing on 1 March 2011 of book with respect to ruble bond issue, Series 07, by OJSC Rusal Bratsk in the amount of 15 billion rubles at a coupon rate of 8.3% p.a. The deal attracted a significant interest from the investors. ...
  • 2011-03-02 10:24:50
    Rusal's statement regarding London court decision
    UC Rusal announces that in light of the application in the United States District Court for the District of Connecticut that was granted on 25 February 2011 and other factors, the High Court in London today declined to order Debevoise & Plimpton LLP (lawyers acting for Interros, Norilsk ...
  • 2011-03-02 10:18:26
    London High Court supported Norilsk Nickel
    MMCNorilsk Nickel today announced that Rusal has lost yet another attempt to disrupt Norilsk's $4.5bn Shareholder Value Enhancement Program approved by the Board of Directors on December 28, 2010 and to gain an unfair advantage at the EGM convened (by Rusal) for 11 March. Rusal tried to ...
  • 2011-03-02 10:11:12
    Board of Severstal recommends dividend payments for 12 months ended 31 December 2010
    The Board of ОАО Severstal (“Severstal”) (LSE: SVST; RT CHMF), one of the world’s leading integrated steel and mining companies, is recommending a dividend of 2.42 rubles (approximately $0.08) per share for the twelve months to 31 December 2010. Approval of the dividend ...
  • 2011-03-01 10:30:10
    OMZ-Foundry Production to produce castings for various vessels ordered by Zvezdochka
    OMZ- Foundry Production, a part of OMZ Group, is to manufacture in 2011 22 cast-solid props for river-sea ice class bulk carriers ordered by OAO TsS Zvezdochka. In April-May this year the company will also manufacture castings for thrusters, intended for OOO Gazflot vessels and ordered ...
  • 2011-03-01 10:27:31
    Corbiere ’s statement regarding Nevis court decision
    Yesterday Rusal has issued a misleading press statement dealing with the successful discharge of the injunction wrongly obtained by Rusal on 3 February 2011 in the Caribbean island of Nevis. To set the record straight, Rusal obtained the injunction ex parte, that is to say without giving ...
  • 2011-02-28 10:48:17
    Rusal’s statement regarding Nevis court decision
    On 27 February 2011 the court in Nevis discharged the injunction obtained by Rusal on 3 February 2011. Originally, the hearing was set for 2 March 2011 before the judge who granted the injunction on 3 February 2011. However, without explanation or proper notice, Judge Edward ...
  • 2011-02-28 10:18:28
    Court in Nevis Discharged Injunction and Ordered Rusal to Pay Damages and Legal Costs
    Corbiere Holdings Limited (“Corbiere”), an indirect wholly-owned subsidiary of OJSC MMC Norilsk Nickel (“Norilsk Nickel”), announces that the Eastern Caribbean Supreme Court of the High Court of Justice of St. Christopher & Nevis, Nevis Circuit, ...
  • 2011-02-28 07:23:18
    Evraz announces plans to consolidate ZSMK and NKMK
    Evraz Group announces plans to consolidate two of its Russian steel mills, ZSMK and NKMK. The enterprise will be named Evraz – Consolidated West Siberian Metallurgical Combination. This step will allow simplification of managerial processes and formulation of single standards in ...
  • 2011-02-25 15:22:53
    UC Rusal’s application against Trafigura granted by US District Court of Connecticut 
    UC Rusal the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, announces that on 24 February 2011 the United States District Court for the District of Connecticut (District Court) granted the application of Rusal to compel Trafigura AG to produce ...
  • 2011-02-25 10:22:59
    UMMC brought in line an advanced complex for ultra-thin rolled metal Kirov (Kirov region)
    UMMC has accomplished the construction of a state-of-the-art casting&rolling complex with end-to-end technology starting with casting and finishing with rolling strips up to 25 µm thick (what is less than human hair thickness) at Kirov non-ferrous plant OCM (KZOCM, semi-fabricating ...
  • 2011-02-25 10:14:12
    NLMK and AvtoVAZ sign long-term contract
    NLMK and AvtoVAZ, a leading Russian car manufacturer, have signed a one-year contract to supply cold-rolled and galvanized steel. Under the agreement, NLMK will deliver a total 180,000 tonnes of cold-rolled steel including 36,000 tonnes of galvanized steel, with enhanced mechanical ...
  • 2011-02-25 10:13:52
    Norilsk Nickel makes clarifications with respect to Rusal’s announcement regarding Glass Lewis report
    OJSC «MMC «Norilsk Nickel» (hereinafter – MMC Norilsk Nickel or Company) is informing that the Company has taken note of the report of Glass Lewis & Co. (Glass Lewis), an international consultancy company providing proxy advisory services to institutional ...
  • 2011-02-25 10:11:28
    MMK strengthens foothold on domestic market
    In 2010, the share of the company’s shipments to the domestic market boosted to 69% of the MMK total metal products sales. “Given the geographical proximity and favorable growth perspectives, we see domestic marketplace as strategically important and a top priority ...
  • 2011-02-24 10:30:13
    ISS Proxy Advisory Services recommends to vote for re-election of Board and to support incumbent INEDs Brad Mills and Gerard Holden
    Norilsk Nickel has been acknowledged that ISS Proxy Advisory Services (ISS) released its analysis and voting recommendations for the Extraordinary General Meeting (EGM) of Norilsk Nickel shareholders, which shall take place on 11th March 2011. ISS recommends shareholders of Norilsk ...
  • 2011-02-24 10:18:34
    TMK ships large diameter longitudinal welded pipes for Lukoil
    TMK, one of the world’s leading oil and gas steel pipe producers, ships large diameter longitudinal welded pipes to LUKOIL to build a pipeline system for transporting hydrocarbons produced at the Pyakyakhinskoye gas condensate field. Since the beginning of the project in the fall ...
  • 2011-02-24 10:15:16
    Mechel placed commercial papers of 15 and 16 series at sum of 10 billion rubles
    Mechel, one of the leading Russian mining and steel companies, announces successful placements of its commercial papers of the 15 and 16 series. On February 22, 2011 Mechel OAO completed two placements of its interest-bearing commercial papers of the 15 and 16 series with an obligatory ...
  • 2011-02-22 10:41:33
    High scientific potential of the EZTM, JSC crew is confirmed by registered patents for invention
    Long experience of "EZTM" JSC in the field of design and manufacture of unique tube rolling, mining and cement equipment allows to remain one of the main suppliers of given products. The firm basis for favourable future of the works is the fact that high-qualified specialists of the ...
  • 2011-02-22 10:37:57
    Izhorskiye Zavody initiate mentor project
    The mentor project is aimed to increase the prestige of the worker profession in general and to improve the professional skills of Izhorskiye Zavody employees. The project was initiated by Gazprombank, as the company pays significant attention towards career development of te workers and ...
  • 2011-02-21 14:28:18
    Severstal announces investment programme for 2011
    Severstal announces a target US $2 billion capital investment programme for the current financial year. Severstal will continue to improve operating efficiency, modernize its operational facilities and ensure that the Company maintains industry leading standards of health and safety. In ...
  • 2011-02-21 10:16:08
    ISS Proxy Advisory Services recommends to vote FOR re-election of the Board and to support incumbent INEDs Brad Mills and Gerard Holden
    OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) has been acknowledged that ISS Proxy Advisory Services (ISS) released its analysis and voting recommendations for the Extraordinary General Meeting (EGM) of MMC Norilsk Nickel shareholders, which shall take place ...
  • 2011-02-21 00:29:08
    En+ Downstream gets control over Mosmek alluminum facility
    En+ Group announces the transfer of the building systems manufacturer Mosmek (located in Vidnoe, Moscow region), formerly held by the construction holding Glavstroy, to En+ Downstream within a business restructuring project. Mosmek is one of the Russia's largest aluminium building systems ...
  • 2011-02-18 12:37:45
    NLMK to build pelletizing plant at Stoilensky
    NLMK has approved the construction of a pelletizing plant at Stoilensky, its fully owned subsidiary, with a capacity of 6 million tonnes of iron ore pellets per year. The project will encompass the construction of the pelletizing plant and the development of a number of infrastructure ...
  • 2011-02-18 12:32:23
    Norilsk Nickel considerably reduced emissions
    MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) summarized results of its environmental activities in 2010 and presented them at “Experience and methods of increasing environmental safety of industrial facilities” round table. In order to protect ...
  • 2011-02-18 10:40:32
    NLMK and Metalloinvest signed long-term contracts
    NLMK and Metalloinvest Holding have signed four year contracts to supply a total of 21.6 mln tonnes of pellets. Both companies have successfully developed a pricing scheme for raw materials supplied under long-term contracts based on applicable market indicators. For the duration of the ...
  • 2011-02-16 11:00:08
    Rusal approves final parameters of Ruble bond issue
    UC Rusal announced approval of the Ruble bond issue by OJSC Rusal Bratsk (Issuer) and its key parameters by the Company's Board of Directors. OJSC Rusal Krasnoyarsk and OJSC Rusal Achinsk (Sureties) will provide sureties for up to RUR30 billion and RUR12 billion respectively, to secure ...
  • 2011-02-16 10:42:26
    Statement of Norilsk Nickel about information disseminated by UC Rusal regarding foreign court proceedings
    Further to the information regarding foreign court proceedings that was disseminated today by UC Rusal, OJSC MMC Norilsk Nickel (“Norilsk Nickel” or the “Company”) wishes to make the following statement. UC Rusal management asserts that it has been compelled to ...
  • 2011-02-16 10:32:25
    Koks signed contract with Dosco to supply two MK2BP combines for Butovskaya mine
    OAO Koks has signed a contract with the British company “Dosco” to supply two MK2BP combines for the Butovskaya mine, which is planned for launch in August 2012. This new technology awaits two other companies in the Koks group as well. Five Komatsu HD 785-7 dump trucks will soon ...
  • 2011-02-15 11:23:19
    Freight One increases haulage of aluminum by 22.5%
    Freight One increased haulage of aluminum by 22.5% in 2010 from the Krasnoyarsk and Sayanogorsk aluminum plants compared to last year. In 2010, Freight One shipped 735 thousand tons of aluminum from these plants to ports in the Northwestern, Far Eastern and Black and Azov sea regions. ...