Metallurgy news

Page 49 of 65
«First  ←Previous         Next→  Last»
  • 2009-02-03 10:18:23
    TMK announces repayment of a syndicated bridge facility
    TMK announced that it repaid the remainder of the $ 1.2 bln one-year term syndicated bridge facility which was arranged on May 30, 2008 to finance the acquisition of the US tubular business of IPSCO. As previously announced, TMK partly refinanced the syndicated bridge after successfully ...
  • 2009-02-02 14:31:06
    Ufaleynickel: Production Restart
    Today, on the 2d of February, Ufaleynickel has restarted the production process after 3 months of the idle time. 3 shaft furnaces have been started up. According to specialists opinion- this quantity is effective for the operation of the enterprise in conditions of low LME official price ...
  • 2009-02-02 13:31:46
    Estar pins hopes on rise in Q2 Russian demand
    Estar is planning to boost production levels back up to 60-70% of capacity in the second quarter of the year in anticipation of rising domestic demand, company sources told MB. Estar, part-owned by oligarch Vadim Varshavsky, cut production levels to around half across its nine Russian ...
  • 2009-01-30 17:05:23
    MMC Norilsk Nickel announces preliminary consolidated production results Q4 2008 and FY 2008
    MMC Norilsk Nickel announces preliminary consolidated production results for the fourth quarter of 2008 and full year 2008 at its Polar and Kola Divisions in Russia and international operations in Finland, Australia, Botswana and South Africa. • Overall saleable nickel ...
  • 2009-01-30 15:15:42
    Usmanov expands on his Russian mining merger vision
    Metalloinvest main shareholder Alisher Usmanov has taken the initiative from rival oligarchs Oleg Deripaska and Vladimir Potanin by proposing several alternatives to the powerful duo’s original mega merger plan. Norilsk Nickel’s main shareholders, Deripaska and Potanin, have ...
  • 2009-01-29 10:18:35
    VSW, Gubakha Coke and CMW Report Its Operating Results
    In 2008, VSW produced 1,395,058 tn of pipes of various grades, which is 18.3% lower than in 2007 (1,707,726 tn). VSW manufactured 734,961 tn of large-diameter pipes (LDP), which is 22% less than in 2007 (943,989 tn). The VSW Wheel Rolling Facility produced 782,874 railroad wheels, or 5% ...
  • 2009-01-28 05:48:09
    RUSAL converts Krasnoyarsk Aluminium Smelter to colloidal anode paste
    UC RUSAL announces that it has completed the conversion of one potroom at its Krasnoyarsk Aluminium Smelter (KrAZ) to the colloidal anode paste technology. The economic effect from this innovation at one potroom alone can be up to USD 1 mln annually. The aluminium production technology ...
  • 2009-01-27 15:19:35
    OMZ Foundry Production Receives ISO 9001:2000 Accreditation
    OMZ Foundry Production has received an Approval Certificate from the leading international classification organization Det Norske Veritas (DNV) for compliance of its quality management system with ISO 9001:2000. Det Norske Veritas is a world-renowned classification organization, a member ...
  • 2009-01-27 05:59:37
    OMK Casting and Rolling Complex Reports Its Operating Results for the First Three Months Since Its Commissioning
    During the first three months since its launch in October 2008, the Casting and Rolling Complex (CRC, Vyksa District, Nizhni Novgorod Region), part of United Metallurgical Company (OMK), has produced 40,814 tn of coiled steel. To date, 20,416 tn have been shipped to the main consumers of ...
  • 2009-01-26 14:51:09
    Trading update for Q4 2008 and FY 2008
    Novolipetsk Steel (NLMK) Q4 2008 and FY2008 Trading Update                    1. Production 1           ...
  • 2009-01-26 10:56:38
    Russian steelmakers lobby for 33% galv strip import duty
    A trio of Russian steelmakers are lobbying the Russian government for an import duty on galvanised strip, sources close to the companies told MB. Severstal, Magnitogorsk Iron & Steel Works and Novolipetsk Steel have asked the Russian Ministry of Industry and Trade for a ...
  • 2009-01-23 13:46:32
    Chelyabinsk Zinc Plant Reports 0.6% Production Increase for the 12 Months of 2008
    Chelyabinsk Zinc Plant announces its production results for  2008 . CZP produced 166,064 tn of SHG zinc and zinc based alloys, an increase of 0.6% as compared to the same period of 2007 (165,007 tn). 51.5% of zinc sales (by tonnage) were made on the domestic market. ...
  • 2009-01-23 11:36:35
    Mechel Announces Operational Results For 2008
    Mechel announced operational results for 2008.   Products 2008, thousand tn 2008 as compared to 2007, % Coal 1 26,393 + 24   Coking Coal 15,148 + 45   Steam Coal ...
  • 2009-01-22 17:40:46
    TMK to Supply Premium Connections to Lukoil
    TMK was awarded a contract by Lukoil for the supply of TMK FMC and TMK GF premium threaded connections. TMK Premium Service, the only Russian company to produce premium threaded connections, will supply Lukoil with OD 168 mm, 245 mm and 324 mm TMK FMC and GF premium threaded casing of ...
  • 2009-01-22 11:04:09
    Pyotr Sumin visited Chelyabinsk Metallurgical Plant
    The visit by Governor Sumin to the CMP was his first trip in a program to assess anti-recessionary measures taken by the cities and industrial enterprises in the region. During the visit the anti-recessionary program being implemented at CMP was discussed. CMP’s construction sites and ...
  • 2009-01-21 10:35:55
    Sayanogorsk Aluminium Smelter launches a new gas scrubber
    UC RUSAL has announced the commissioning of a new gas treatment unit at its Sayanogorsk aluminium smelter (SAZ). The project investment amounted to $3.6 mln. The new gas scrubber features excellent environment-saving performance indicators and has been designed for a pilot potroom ...
  • 2009-01-20 14:31:53
    Evraz renounces licence to develop Mezhegey coal deposit
    Evraz Group S.A. has renounced the right to purchase the licence to develop the Mezhegey coal deposit in the Republic of Tyva, Russia. The decision is based on the continuing global financial and economic downturn and weakening coal market conditions. In July 2008, Evraz won the tender to ...
  • 2009-01-20 12:07:16
    Russian government plans tariff changes
    The Russian Government plans to raise import tariffs on steel tube, pipe, and some rolled products to protect domestic producers from cheap imports, according to local sources. The tariffs will be in place for nine months after they are officially introduced in the near future, sources ...
  • 2009-01-20 03:31:30
    TMK Announces Production Results for 2008
    For the year 2008, TMK shipped 3,227 thousand tn of steel pipes, representing a 5.0% increase over 2007 full year shipment volumes (‘’Shipped” refers to shipped from TMK plants for subsequent sale to customers).  Volumes of shipped pipe products (thousands of tn) ...
  • 2009-01-19 14:59:40
    Non-Ferrous Industry to Expect Growth in Demand and Prices
    Last year was hard for the non-ferrous industry: it began with growth in prices for non-ferrous metals which followed by a shear fall in prices and demand. Such a situation could not help affecting Russian companies: some such as Rusal, reduced output, others (e.g. Ufaleynickel) stopped ...
  • 2009-01-19 12:38:09
    Novolipetsk Steel sold its stake in Tuapse Seaport
    NLMK has completed the disposal of its 69.41% share in OJSC Tuapse Seaport (TMTP) to Universal Cargo Logistics Holding B.V. (UCLH). The transaction values NLMK’s stake at RUR 7,105,155,057 (about $254 mln), or RUR 1.17 per TMTP ordinary share. Cash generated from the disposal of ...
  • 2009-01-19 11:44:13
    UC RUSAL announces management changes
    UC RUSAL announced the appointment of Oleg Deripaska as the company's CEO. His candidacy was proposed by EN+ and supported by other shareholders of RUSAL. Alexander Bulygin, who has until recently been the CEO of RUSAL, will move to chair the Board of Directors of EN+ Group, the main ...
  • 2009-01-19 11:14:39
    Mechel announces the results of implementing its plan to develop the branch network of its Mechel Service service and sales subsidiary
    In 2008, as part of Mechel Service’s regional sales network expansion, offices were opened in Belgorod, Ulyanovsk, Astrakhan, Irkutsk, Kaliningrad, Stavropol, Mineralnye Vody, Anapa, Naberezhnye Chelny, and Vidnoye (Moscow Region). In connection with the expansion of Mechel Service ...
  • 2008-12-26 15:21:59
    ChTPZ Completes Acquisition of 100% of PNTZ
    In accordance with Article 84.8 of the Federal Law on Joint Stock Companies on December 25, 2008 OJSC Chelyabinsk Tube-Rolling Plant completed the procedure for the acquisition of 100% of the shares of OJSC Pervouralsk New Pipe Plant under its earlier mandatory offer to redeem the shares, ...
  • 2008-12-25 15:33:57
    Chelyabinsk Zinc Plant Announces IFRS Results for 9 Months
    Chelyabinsk Zinc Plant  announced its IFRS financial results for the nine months ended September 30, 2008. 9 months 2008 highlights · Revenue for the nine months of 2008 totaled RUB 8,318 mln compared to RUB 11,646 for the same period last year. · 9 months ...
  • 2008-12-25 12:10:49
    UC Rusal sells 50% stake in the company licenced to mine at Ekibastuzskoye Coal Field to Samruk-Energo
    UC RUSAL has  completed a sale of a 50% stake in a company which holds the coal production licence at the Bogatyr and Severny deposits of the Ekibastuzskoye coal field in the Pavlodar region of Kazakhstan to Samruk-Energo, a subsidiary of the Kazakhstan state-controlled national welfare ...
  • 2008-12-24 11:36:30
    Construction is Impossible without Aluminium
    The world economic crisis has negatively affected the world construction industry: today many investment programs are held, there are difficulties with financing of current projects, metal and steel products purchase volumes are reduced etc. All this can not help affecting aluminium ...
  • 2008-12-24 10:42:42
    OMZ’s Izhorskiye Zavody to Supply Reactor Equipment for Belene Nuclear Plant in Bulgaria
    OMZ OJSC (Uralmash-Izhora Group) announced today that Izhorskiye Zavody, a part of OMZ Group, has concluded an agreement with Atomenergoprom OJSC to produce and supply reactor equipment for the Belene Nuclear Power Plant (NPP), Bulgaria. Construction of Belene NPP is the largest ...
  • 2008-12-23 10:46:48
    Mechel reports Q1 2008 and 9 months financial results
    Mechel announced financial results for the first half ended June 30, 2008 and for the nine months ended September 30, 2008. —        Revenues in the first nine months increased 84.7% to $8.6 bln —        ...
  • 2008-12-22 17:10:46
    UC RUSAL statement regarding the situation in Nigeria
    20 December morning in Nigeria, in the southern part of Ikot Abasi town a group of militants attacked a township of UC RUSAL's employees, who work at Alscon aluminium smelter. Two employees have been kidnapped. The company is undertaking all possible measures to resolve the situation and ...
  • 2008-12-22 14:29:11
    Avisma: The quality management system recertification audit is successfully completed
    In the result the certificate of environmental management at AVISMA will be extended for a year, the new certificate of the quality management system is issued for 3 years. The audit was carried out by the specialists of the German company TUV NORD. Vera Shkarupa, Leading auditor of TUV ...
  • 2008-12-22 10:00:49
    Evraz changes dividend policy
    Evraz Group announces that the Company’s Board of Directors has approved a change in Evraz’s dividend policy.Beginning with the final dividend for 2008, Evraz will pay dividends not exceeding 25% of its consolidated net income, as calculated under IFRS. Since the Company’s ...
  • 2008-12-19 12:35:59
    TMK to Supply Premium Connections to Lukoil
    TMK announces today that it was awarded a contract by Lukoil for the supply of TMK FMC and TMK GF premium threaded connections. TMK Premium Service, the only Russian company to produce premium threaded connections, will supply Lukoil with OD 168 mm, 245 mm and 324 mm TMK FMC and GF ...
  • 2008-12-19 11:18:00
    MetallInvest Owns Scientific and Research Institute
    Metalloinvest acquired a 99,01% share of «The City institution for designing metallurgical plants» (Gipromez LLC). The company’s experience in elaboration and realization of the projects on technical revamping and construction of the new steelmaking facilities will ...
  • 2008-12-18 12:22:23
    OMZ affirmed KPMG as an auditor
    Joint Engineering Plants (OMZ) conducted the special meeting of holders, as it was informed. At the meeting the auditor (KPMG) and the deals of interest were approved. OMZ is the largest heavy engineering company working in the sector of the production, sale and servicing of the equipment ...
  • 2008-12-18 11:33:34
    PNTZ has produced the first batch of couplings for tubing and casing
    About 1000 couplings have been produced for tubing and casing within the commissioning at the coupling area of the Finishing Centre at Pervouralsk New Pipe Plant, which is part of the CHTPZ Group. The line for threading of couplings at the PNTZ Finishing Centre is fully automatic and ...
  • 2008-12-17 16:11:13
    CIS and Russian HRC export offers down another $70 cfr Gulf
    Ukrainian and Russian exporters have lowered hot rolled coil offer prices to buyers in the Persian Gulf by a further $70 per tonne, but failed to attract new business, market players told MB. “Even if you come down with prices, there are no buyers,” one pipe producer source ...
  • 2008-12-17 07:16:33
    TMK: Sixth in Annual Transparency and Disclosure Rating
    TMK took 6th place in Standard & Poor's annual Transparency and Disclosure Survey of the 90 largest publicly listed companies in Russia. TMK’s 2008 performance was a significant improvement over last year’s ranking. In 2007, in its first year as a public company, the ...
  • 2008-12-16 12:51:13
    Evraz signs $800 mln loan with Vnesheconombank
    Evraz Group announced signing of a $800 mln loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank (VEB).All the proceeds under this loan agreement were used to refinance the Company's short-term debt.As announced earlier, VEB approved ...
  • 2008-12-16 11:09:25
    NLMK upgrades industrial water supply system
    NLMK has completed an upgrade of its industrial water supply system at its main site in Lipetsk.  This will allow the Company to halve river water consumption, reduce waste water discharge into the river Voronezh by 10 times and achieve the best environmental indicators among Russian ...
  • 2008-12-15 11:25:15
    MMC Norilsk Nickel is resuming the buyback of its outstanding shares
    On December 10, 2008 the Arbitration Court of Krasnoyarsk Territory issued a ruling lifting the previously adopted interim relief measures prohibiting OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) and its registrar from implementing the resolution of the ...
  • 2008-12-15 10:23:57
    MMK IFRS Results for the 9 Months
    Key 9 months 2008 Financial Highlights Revenue up by 49% to $ 9.182bln year-on-year EBITDA for the period up by 41% to $ 2.673bln year-on-year 9 months EBITDA margin at 29.1% Net income up by 42% to US$ 1.483bln year-on-year Total debt at $ 1.478bln, net debt at $ 372mln ...
  • 2008-12-12 10:17:00
    Severstal closes deal to invest in a controlling stake in an iron ore deposit in Western Africa
    Severstal announced that its Severstal Resources mining division has closed the transaction to purchase up to a 61.5% stake in African Iron Ore Group Ltd («AIOG») which owns, through subsidiaries, the exploration rights for an iron ore deposit in the Putu Range area, Liberia ...
  • 2008-12-10 11:24:17
    NLMK agrees to sell stake in Tuapse Seaport
    Novolipetsk steel has announced that it has agreed to sell its 69.41 % share in OJSC Tuapse Seaport (TMTP) to Universal Cargo Logistics Holding B.V. (UCLH). The transaction is subject to antitrust regulatory approval and is expected to close in two months.  This divestiture is in ...
  • 2008-12-09 12:27:31
    UC RUSAL invests almost $35 mln
    UC RUSAL has announced an expansion of the RA-400 pilot area at the Sayanogorsk Aluminium Smelter to test several new RA-400T cells that will be used at the Taishet aluminium smelter, which is currently under construction. The RA-400T upgrade and operational testing programme has cost the ...
  • 2008-12-09 10:28:44
    Mechel obtains credit lines from VTB Bank
    VTB Bank has opened one-year credit lines totaling 15 billion rubles for Yakutugol OJSHC, Southern Kuzbass Coal Company and CMK, subsidiaries of Mechel. The credit facilities will be used to fund the operations of these subsidiaries. The establishment of the credit line is a continuation of ...
  • 2008-12-05 10:19:05
    Evraz Board elects Alexander Abramov new Chairman
    Evraz Group announced the election of Alexander Abramov as Chairman of Evraz's Board of Directors. He succeeds Alexander Frolov who will remain the Company’s CEO.Splitting the roles of Chairman and CEO will ensure Evraz is best positioned to deliver the Company’s strategic and ...
  • 2008-12-03 11:21:29
    TMK to Ship Premium Connections to Rosneft
    TMK announced that it signed a supply contract for TMK FMC Premium threaded casing with Rosneft. The premium grade tubulars will be used in the development of the Vankor oil and gas field located in eastern Siberia. The agreement was signed between TMK Premium Service and Rosneft ...
  • 2008-12-01 10:38:56
    MMC Norilsk Nickel announced preliminary consolidated production results for IIIQ
    Norilsk Nickel announced preliminary consolidated production results for the third quarter of 2008 at its Polar and Kola Divisions in Russia and international operations in Finland, Australia, Botswana and South Africa. • Overall saleable nickel production for the first 9 months ...
  • 2008-11-28 05:01:40
    Victor Rashnikov: We Have Everything Necessary for Overcoming the Crisis
    Victor Rashnikov, Chairman of the OJSC MMK Board of Directors, emphasized the Company's advantages which will contribute to overcoming the current financial and economic crisis. According to the Company's CEO, one of the Company's most important advantages is the fact that in recent years ...