2008-10-29 12:44:28 The number of those wishing to sell Norilsk Nickel ‘s shares was bigger than required MMC Norilsk Nickel announces the results of the tender of applications by shareholders in connection with the buy-back by the Company of its outstanding shares pursuant to a resolution of the Board of Directors of Norilsk Nickel dated August 22, 2008. For record, Norilsk Nickel announced ...
2008-10-29 09:46:08 OMZ’s Izhorskiye Zavody Produces In-Vessel Components for Rostov Nuclear Power Unit OMZ (Uralmash-Izhora Group) announced that Izhorskiye Zavody complete of in-vessel components produced for the second power unit of the Rostov Nuclear Power Plant (NPP). The components include a pit, a reflection shield and protective pipes. The equipment has successfully passed the ...
2008-10-29 04:10:24 Mechel structures assets Mechel announces the establishment of its East-European Steel Division on the bases of its Romanian steel subsidiary, Mechel Targoviste. Following the acquisition of Ductil Steel in the spring of 2008, Mechel Group owned four steel companies in Romania: Mechel Targoviste, Mechel ...
2008-10-28 14:47:23 Housing Construction Stagnating The amount of new housing created in Russia in the first nine months of this year was 35.19 mln cu. m., according to Rosstat data. That represents 3.9-percent growth over the same period last year, when the growth rate was 31.3 percent. Builders and government officials expect zero growth ...
2008-10-28 11:54:47 UC RUSAL and An Vien group of Vietnam sign MOU to create new complex UC RUSAL announces that it has signed a Memorandum of Understanding (MOU) with An Vien of Vietnam to create a vertically integrated bauxite and alumina complex. The project will include the construction of an alumina refinery with a capacity of approximately 1.5 mln tn of alumina per annum ...
2008-10-28 11:38:43 TMK enters chinese oil and gas pipe market TMK announces today that it began shipments of line pipe to the China National Petroleum Corporation ( CNPC). Under the terms of the agreement with CNPC, over 5,000 tonnes of line pipe were shipped in September 2008. Shipments consisted of 406mm OD line pipe with wall thickness ...
2008-10-28 10:59:49 Severstal Resources announces results of take over bid Through its mining division Severstal Resources, OAO Severstal announced that the offer (the “Offer”) by 7027940 Canada Limited (the “Offeror”), an affiliate of Severstal, to purchase the outstanding common shares of PBS Coals Limited (formerly, Penfold Capital ...
2008-10-27 10:27:32 Mechel acquires new equipment Mechel announced that its Yakutugol coal mining subsidiary has entered into a contract to acquire mining equipment for developing the Phase 1 pit to begin development of the Elga coal deposit. The machinery manufactured by Komatsu was provided by Mining Solutions, which specializes in ...
2008-10-24 14:52:43 New Casing Finishing Line Commissioned at Volzhsky Pipe Plant TMK announces today that a new 200,000 tpa finishing line for casing pipes was successfully commissioned at its Volzhsky Pipe Plant. The installation of the new finishing line is part of TMK’s Strategic Investment Programme, running up to 2012. Volzhsky Pipe ...
2008-10-23 09:55:14 MMK completes redemption of $300 million Eurobond Magnitogorsk Iron and Steel Works announced the redemption of its $300 mln Eurobond which matured on October 21, 2008. The Eurobond was redeemed through MMK Finance S.A. The Eurobond was issued in October 2003 in the amount of $300 mln with a coupon rate of 8% and maturity on ...
2008-10-22 10:01:17 Almetyevsk Pipe Plant expands its product range Almetyevsk Pipe Plant is able to produce pipes in a new size of 133 mm designed for the thermal power sector. This was achieved under the investment project aimed at expanding the APP pipe product range. It is planned that wall thicknesses of these pipes will be in the range of 4.0 mm to ...
2008-10-22 09:51:59 ChTPZ Proceeds with Equipment Installation in The Building Electric Welding Pipe Mill in November Chelyabinsk Tube-Rolling Plant has started the delivery of production machinery for the new big diameter pipe mill, construction of which began in 2008. Among the first to be delivered were large-size parts for pipe-forming line produced by German company SMS-MEER – the main equipment ...
2008-10-21 16:55:10 Russian Ferrous and Non-Ferrous Metals Market Conference to Open Metal Week in Moscow On November 10, Russian Ferrous and Non-Ferrous Metals Market conference will open Metal Week in Moscow with Metal-Expo’2008 the 14th International Industrial Exhibition as its key event. This specialized forum will gather heads and specialists of companies producing ferrous ...
2008-10-21 12:31:19 UC RUSAL launches production of super thin foil at ARMENAL foil mill UC RUSAL announces the launch of production of super thin 9 microns aluminium foil at the ARMENAL foil mill (Armenia). The company invested $6 mln super thin foil production technology in 2007-2008 to meet the high demand from global markets. The share of super thin foil in the total ...
2008-10-21 12:18:42 MMK announces operational trading update and 9 months results Key Operational Highlights · Crude steel production rose by 3.8% to 10.309m tn in comparison to 9 months 2007; · Commercial steel products output rose by 3% to 9.369m tn in comparison to 9 months 2007; · MMK hot-rolled coil price grew by 53% ...
2008-10-20 10:33:20 Raiffeisen provides EUR 460 mln financing to Basic Element A consortium led by Raiffeisen Zentralbank Oesterreich AG (RZB) provided a EUR 460 mln facility to Rasperia Trading Limited, affiliated with Basic Element. The purpose of the facility is to refinance the existing Rasperia's margin loan secured by shares in publicly listed Strabag SE. Basic ...
2008-10-17 12:19:03 RUSAL: production and summary financial results for the first nine months of 2008 Highlights* Bauxite output rose 3.4% to 13.5 mln tn compared to the same period last year Alumina output grew 2% to reach 8.4 mln tn Primary aluminium production increased 6.5% to 3.3 mln tn Output of value-added casthouse products increased 10.8% to ...
2008-10-17 10:52:54 Record Start for TMK IPSCO TMK announces third quarter production results at its US subsidiary. In the third quarter of 2008, TMK IPSCO shipped 231.9 thousand tn of pipe products to its customers, including 86.1 thousand tn in September alone. Steel production amounted to 85 thousand tn. The September ...
2008-10-17 09:58:35 Mechel reports Its operational results for the nine months of 2008 Mechel announced its operational results for the first nine months of 2008. Product First nine months of 2008, thousand tn First nine months of 2008 vs. first nine months of 2007, % Coal 20,702 + 54 ...
2008-10-16 11:20:41 Izhorskiye Zavody completes reactor vessel for floating nuclear power plant Izhorskiye Zavody, a part of OMZ Group, has produced the first KLT-40S reactor vessel for a floating nuclear power plant. The reactor successfully passed hydraulic testing for metal and welded joint strength. Results of the hydraulic testing were evaluated by a commission which included ...
2008-10-15 11:59:03 Domestic Russian rebar down to $600-650 per tn in October Russian rebar producers have sold October production material at $600-650 per tn ex-works as poor demand in world markets forces prices down. Domestic Russian rebar prices have halved from highs of $1,150-1,200 per tn ex-works, August production, according to MB’s pricing archive. ...
2008-10-15 11:44:27 Decision of the Board of Directors of OGK-3 The Board of Directors of OGK-3 adopted a strategy to expand its asset base and create a diversified holding to include assets in gas and alternative energy, including hydrogen and peat energy. In pursuit of this strategy, the Board of Directors has authorized the following strategic ...
2008-10-14 13:08:51 Metalloinvest has become a member of the International Iron and Steel Institute Metalloinvest Management Company has become a member of the International Iron and Steel Institute - one of the largest industry associations in the world which unites about 180 steel producers, national and regional steel industry associations, and steel research institutes. The decision ...
2008-10-14 12:37:54 UC RUSAL receives resolution from arbitration court on suit against LUKOIL UC RUSAL announces that it has received the decision of the Moscow arbitration court on its suit against LUKOIL. In accordance with the appeal filed by UC RUSAL on 13 August 2008, LUKOIL is obliged to supply about 20,000 tn of oil coke to UC RUSAL smelters. The court has also ruled that ...
2008-10-14 12:14:16 Severstal announces revised production estimates in light of changing global economic conditions As a result of slower demand for steel products due to recent changes in global economic conditions, OAO Severstal today announced its decision to reduce production at its steel plants in Russia, North America and Europe for the month of October. In Russia, Severstal will reduce production ...
2008-10-08 15:40:42 Metal-Expo Provides Better Conditions for Market Participants Metal-Expo’2008, the 14th International Industrial Exhibition which will be held on November 11-14, 2008 at Crocus Expo Fairgrounds stirs up interest of Russian and international producers of metal and steel products as well as metalworking companies. According to forecasts of the ...
2008-10-02 17:54:46 Chelyabinsk Zinc Plant has put a Sulphuric Acid System into operation Chelyabinsk Zinc Plant has completed implementation of a big investment project, having put the sulphuric acid system (Unit No.4) into operation upon its complete overhaul. The value of the project amounts to $35 mln.
It’s worth mentioning that five sulphuric acid systems are operating ...
2008-10-02 17:45:13 Metalloinvest holding and Chelyabinsk Pipe Rolling Plant expand cooperation Representatives of Metalloinvest Management Company and Chelyabinsk Pipe Rolling Plant met at Ural Steel (a subsidiary of Metalloinvest holding) and discussed prospects for further cooperation.
Ural Steel and Chelyabinsk Pipe Rolling Plant are long-term partners and Ural Steel is to ...
2008-10-02 17:32:14 MMK does not rule out the possibility of a share buyback OJSC MMK does not rule out the possibility of a buy back of its own shares on the balance of one of its subsidiaries because the Company considers the share price to be significantly underestimated due to the influence of external macroeconomic factors, which are irrelevant to the ...
2008-09-30 15:46:39 OMZ Special Steels Secures License for Production of Semi-Finished Products for Nuclear Power Plants OMZ Special Steels LLC, a part of OMZ Group, has been granted a license by Russia’s Federal Service for Environmental, Technical and Nuclear Surveillance (Rostechnadzor) for the production of equipment for nuclear power plants. The license number is СЕ-12-101-2261 dated Sept. 15, 2008 and ...
2008-09-29 10:22:57 TMK expands its premium-class tube capacity TMK announced that a 600 thousand tn capacity Premium Quality Finishing (PQF) seamless rolling mill was brought on line as scheduled at its TAGMET plant in south-western Russia. The first batch of PQF seamless pipes was shipped to Surgutneftegas.
TMK is the first global pipe producer to ...
2008-09-29 10:17:35 Mechel announced the acquisition of HBL Holdings Mechel announced the acquisition of a 100% stake in HBL Holding GmbH by its Mechel Service OOO service and sales subsidiary.
The acquisition is consistent with Mechel Service OOO’s continued implementation of its program of expanding its sales network, enhancing and ...
2008-09-16 16:33:36 Severstal announces share buyback programme Severstal today announces the start of a share buy-back programme of up to $400 mln, the equivalent of 2.8% of its share capital based on the closing price of $14.04 of the Company’s London listed GDRs on September 15, 2008.
The Shares and GDRs will be repurchased on Severstal’s ...
2008-09-15 11:28:22 Evraz Completes the Disposal of Vanadium Assets in South Africa Evraz Group S.A. announceв that it has successfully completed the disposal of certain vanadium assets in South Africa. In 2007, Evraz committed to procure the disposal as a condition to the approval by the European Commission and South African competition authorities of its acquisition of a ...
2008-09-11 10:48:15 Metalloinvest wins license for one of the world’s largest copper deposits Metalloinvest, through its subsidiary Mikhailovsky GOK, announces that it has won the license to extract and process copper and other mineral resources from the Udokan deposit from the Natural Resources Ministry of the Russian Federation. Metalloinvest is one of the largest and fastest ...
2008-09-11 10:34:40 Evraz Group completes the acquisition of Ukrainian assets Evraz Group S.A. announces completion of the second stage of the acquisition of select production assets in Ukraine. As a second stage, 4,195,150 shares in Evraz (“New Shares”) have been issued in favour of Lanebrook Limited in exchange for 48.6% of Palmrose Limited, the owner ...
2008-09-10 14:53:23 TMK Premium Technology Licensed to Chinese Producer TMK announces today that it has entered into an agreement to license TMK FMC premium connection technology to Chinese tubular producer Beijing Huayou Xingye Materials Co (BHXM).
TMK-Premium Service, a TMK subsidiary specialised in the production and supply of premium connections to the ...
2008-09-09 10:40:23 Mechel Commences Construction of Coal Transshipment Complex at Vanino Port Mechel announces that it has launched the initial project stages to construct a specialized coal transshipment complex at Vanino Port (Vanino SCTC), Khabarovsk reg., Russia. The specialized coal transshipment complex at Vanino SCTC is an integral part of the Neryungrinsky and Elga coal ...
2008-09-05 11:38:16 NLMK: another acquisition in North America for $400 mln Novolipetsk Steel yesterday signed a definitive agreement to acquire Beta Steel, a U.S. hot-rolled steel producer, from a group of private shareholders for an all cash consideration of $400 mln, on a debt free, cash free basis. The transaction is subject to customary regulatory approvals and is ...
2008-09-05 11:14:16 UC RUSAL introduces new waste processing technology UC RUSAL announced that it has developed a unique process for waste recycling. This new technology is applied at the company’s smelting operations in Bratsk (BrAZ) and allows saving over $2 mln every year. The new technology helps to reduce quantities of solid waste from the ...
2008-09-03 11:40:58 Mechel eyes German metal trader Mechel is eyeing a German metal trader. Experts believe that this could be attributable to the company’s plans to ramp up output of stainless steel rolled products at Chelyabinsk Metallurgical Plant and launch these products on the European market.
Mechel Group has applied to ...
2008-09-03 11:34:50 TMK Ships Premium Connections to Surgutneftegas TMK announces that its TMK-Premium Service division began supplying TMK-PF ET premium threaded casing connections to Surgutneftegas.
The first shipment of TMK-PF ET to Surgutneftegas consisted of 120 tonnes of premium threaded 168 mm casing with 8.94 mm wall thickness. In addition to the PF ...
2008-09-02 12:21:21 NLMK passes shipbuilding slab production audit Novolipetsk Steel has successfully passed a re-certification audit of its shipbuilding slab production carried out by the American Bureau of Shipping (ABS).
The audit comprised the inspection of NLMK’s shipbuilding steel production process, technical control departments, and current ...
2008-09-01 17:03:10 PSI Continues Successful Internationalisation in the Steel Industry PSI has been charged by ThyssenKrupp Stainless USA with the delivery and implementation of the production management system PSImetals for the stainless steel plant being built in Alabama, USA. The new plant will consist of, amongst other things, an electro-steel mill and cold rolling mill ...
2008-08-29 13:35:16 Evraz Announces 2008 Interim Results Evraz Announces 2008 Interim Results
Evraz Group S.A. today announces its unaudited interim results for the six months ended June 30, 2008.
1H 2008 Highlights:
Financials:
Revenue grew 78.2% to $10,726 mln due to strong pricing, acquisitions and improved ...
2008-08-29 12:27:52 New Belon Coal Mine Guarantees Raw Materials Supply of MMK Russian coal producer Belon, in which MMK holds a 41,3 percent stake, set in operation the Kostromovskaya mine in Kemerovsk Region. Cutting edge technology and automated process guarantee production of 2 million tones of coking coal of deficient grade per year.
As the Kostromovskaya mine ...
2008-08-28 10:13:32 NLMK H1 2008 US GAAP Results Ferrous metal makers remain under pressure from rising costs. NLMK reported a significant boost in its financial indicators. However, the company posted softer EBIT and EBITDA margins. H108 H107 Growth % Antanta Pioglobal ...
2008-08-28 10:08:56 ChTPZ projects lower 2008 output ChTPZ Group released its financial results for 2007 and also operating targets for 2008. Based on the data, consolidated net income generated by the group’s pipe division surged 21.7% to $254 mln in 2007, revenue spiked 32.6% to $3,126 mln and operating profit climbed 24.4% to $397 mln. ...