Metallurgy news

Page 55 of 65
«First  ←Previous         Next→  Last»
  • 2008-03-12 10:33:36
    Mechel confirms its share capital
    Mechel in accordance with the Rules of the City Code on Takeovers and Mergers (the “City Code”) confirms the Company's share capital. This disclosure under Rule 2.10 of the City Code is made subsequent to the announcement made by Mechel dated March 3, 2008. Mechel hereby ...
  • 2008-03-11 11:00:39
    Rusal raises loan to buy a stake in Norilsk Nickel
    On Friday, UC Rusal and a syndicate of 11 international banks signed off an agreement to extend the aluminum holding a $4.5 bln loan to buy a 25% + 1 share stake in Norilsk Nickel, according to a statement issued by the loan arrangers ABN Amro, BNP Paribas, Credit Suisse and Merrill Lynch. A ...
  • 2008-03-11 10:44:46
    Pilsen Steel Appoints Martin Novak as CEO
    Pilsen Steel s.r.o., a part of OMZ OJSC announced the appointment of Martin Novak as the company’s CEO. The appointment took place on 1 March 2008. Born in March 1967, Mr. Novak graduated from the Mining and Metallurgical Institute, Ostrava, with a specialty in metallurgy. ...
  • 2008-03-06 14:07:16
    TMK Announces Preliminary Results for 2007
    This trading update contains forward looking statements concerning future events. Forward looking statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. Preliminary financial figures have not been audited and can ...
  • 2008-03-05 12:52:34
    Metalloinvest and Hyundai Steel signed Memorandum of understanding
    Metalloinvest Management Company CEO Maxim Gubiev and Hyundai Steel (steel division of Hyundai Group) CEO Mr. Seung-Ha Park signed Memorandum of understanding. Memorandum stipulates strengthening and extending future cooperation between two companies and switching from customer-supplier ...
  • 2008-03-05 06:55:57
    Norilsk Nickel to Begin Exchanging Information in Order to Evaluate a Potential Merger with Gazmetall
    «Negotiations are conducted in compliance with standard procedures, applied in the world. At present, the two sides hasn’t reached a merger agreement, but there is the desire to discuss the potential for any combinations or deals between the two ...
  • 2008-03-05 06:44:57
    TMK Launches Oilfield Services Division
    TMK launches TMK Oilfield Services. This new independently managed TMK division is comprised of JSC “Orsky Machine Building Plant”, the  “Truboplast” pipe coating company, ZAO “TMK Pipe Maintenance Department” and  “TMK Central Pipe ...
  • 2008-03-04 12:21:54
    Belon Group: Results and Goals
    Belon Group has held a press conference to discuss the Company's performance results for 2007 and its goals for 2008. The Company was represented by Konstantin Lagutin, the First Deputy Director General, and Yevgeny Gaisler, the Deputy Director General for Perspective ...
  • 2008-03-04 06:49:54
    Mechel has interest in acquiring Oriel Resources Plc
    Mechel is currently contemplating the acquisition of Oriel. This process is at an early stage and there can be no certainty that any offer will ultimately be forthcoming. Oriel Resources Plc is a London-based chrome and nickel mining and processing company, which listed on the Alternative ...
  • 2008-03-03 13:45:46
    Auditors confirm the quality of NLMK’s steel products for shipbuilding
    NLMK has successfully passed a re-certification audit conducted by the certification agency Bureau Veritas (France) for compliance with its rules governing shipbuilding slabs . In the course of the audit, Bureau Veritas inspected the production processes of NLMK’s BOF shops and its ...
  • 2008-03-03 13:32:27
    Mechel Announces Agreement On a Long-Term Partnership With Russian Railways
    Mechel  announced that it has signed an agreement on a long–term, mutually beneficial partnership with Russian Railways (RZhD OAO). Mechel will provide RZhD with rolled products for transportation purposes, which will be manufactured at Mechel’s subsidiaries. Under the ...
  • 2008-03-01 12:00:08
    Metal Supply & Sales To Go in Dusseldorf
    "Metal Supply and Sales " magazine finishes preparation of the traditional Special Edition in English which every year introduces the developing Russian steel industry to international manufacturers and tradesr of steel products. The special issue is full of reviews about the tube ...
  • 2008-02-29 17:42:25
    Vladimir Potanin Became a Sole Owner of the Interros Company
    A company, representing interests of Vladimir Potanin, bought out 100% of the Interros Holding Company from ZAO KM Invest. Thus, Vladimir Potanin became the sole owner of the Interros Company.
  • 2008-02-29 12:18:44
    ChTPZ Group To invest Rub 8 bln
    On February 27, 2008, the Kirov Oblast Government and ChTPZ Group entered into an agreement under which the Group would set up a timber industry holding in the Kirov Region. According to the declared intents, by 2010, ChTPZ Group would have built in Vostochny Settlement, Omutninsk District a ...
  • 2008-02-28 15:55:36
    Severstal to Install a New Production Facility at CherMK Severstal
    Severstal today announced plans to invest $500 mln in new facilities at its Cherepovets steel mill. By 2011, Severstal will have installed a new steel making facility, including an arc furnace, a ladle furnace, a continuous-casting machine and a rolling mill producing 1m heavy beams per year. ...
  • 2008-02-28 09:53:06
    UC RUSAL launches ALSCON aluminium smelter in Nigeria
    In February 2007 UC RUSAL acquired a majority stake in ALSCON and immediately began a large scale modernization programme of the smelter, which has been out of operation for eight years. The modernization programme includes completing the construction of the smelter, as well as upgrading the ...
  • 2008-02-27 10:21:52
    Belon Starts Development of Prisalairskaya Polosa
    The Novobachatsky open-pit mine, which is incorporated in Belon Group, obtained a license to explore and evaluate hard-coal reserves at the Prisalairskaya Polosa site, Kemerovo region. The license for the site development was required to increase the coal ...
  • 2008-02-26 11:20:44
    Mechel announces start to construction of railroad to the Elga deposit
    Mechel announces that it has signed a contract and is starting construction of a railway spur track to the Elga coal deposit (Yakutia). The contract for designing and constructing the railway spur track to connect Ulak railroad station of the Baikal-Amur Mainline with the Elga coal deposit ...
  • 2008-02-22 14:48:34
    Severstal to invest $140 mln in Vorkutaugol coal mining business in 2008
    OAO Severstal is planning to make significant investments in coal mining businesses in Vorkutaugol, Northern Russia. Allocations for the development of the Vorkutaugol mines will constitute RUR3.5 bn ($140mln) in 2008 – 4% higher than 2007’s total investment. The largest ...
  • 2008-02-19 11:16:23
    Evraz Enters into a Share Purchase Agreement to Acquire up to 51 per cent of Delong Holdings Limited
    Evraz Group S.A. announced that it has entered into a Share Purchase Agreement (the “Agreement”) with Best Decade Holdings Limited (“Best Decade”) and the shareholders of Best Decade, to acquire from Best Decade up to approximately 51 per cent of the issued share capital ...
  • 2008-02-18 11:17:40
    MMC Norilsk Nickel to complete split of its depositary receipts
    On February 4, 2008 the Board of Directors of MMC Norilsk Nickel (“Company”) instructed the Company management to execute a split of the Company’s depositary receipts. The Company plans to complete this split on February 19, 2008. This spilt is expected to improve the ...
  • 2008-02-18 11:12:20
    NLMK comments on the Federal Antimonopoly Service (FAS) statement
    OJSC Novolipetsk Steel notes the information in mass media regarding the Federal Antimonopoly Service (FAS) refusal to grant NLMK permission to acquire Maxi-Group and announces the following: FAS rejection of NLMK’s request to acquire Maxi-Group was caused by technical mistakes and ...
  • 2008-02-18 10:45:33
    ChTPZ Group Ferrous Division Ships 107.9 thou tn of Product to Customers in January 2008
    Chelyabinsk Tube-Rolling Plant and Pervouralsk New Pipe Plant shipped 107.9 thousand tn of pipe products to customers in January 2008, a decrease of 27% as compared to January 2007 results (148.4 thousand tn). In January 2008, Chelyabinsk Tube-Rolling Plant shipped 58.2 thousand tn of pipe ...
  • 2008-02-15 15:29:45
    Severstal completes acquisition of 100% share capital of Celtic Resources Holdings PLC
    Severstal announces that Centroferve Limited, a wholly owned subsidiary of Severstal, has completed the acquisition of gold miner Celtic Resources Holdings plc (“Celtic”). As at 30 January 2008, when its Offer for Celtic closed, and upon completion of the compulsory acquisition ...
  • 2008-02-14 11:23:03
    Chelyabinsk Zinc Plant Reports 11.2% Production Increase for the 12 Months of 2007
    January through December 2007, Chelyabinsk Zinc Plant (CZP) produced 165,007 tn of SHG zinc and zinc based alloys, an increase of 11.2% as compared to the same period of 2006 (148,384 tn). 49% of zinc sales (by tonnage) were made on the domestic market. The largest Russian steel producers: MMK, ...
  • 2008-02-12 13:53:33
    UC RUSAL announces new appointments
      Oleg Burkatsky, formerly the Managing Director of Krasknoyarsk Aluminium Smelter, has been appointed Managing Director of the Bogoslovsk Aluminium Smelter. He is replaced at the Krasknoyarsk plant by Evgeny Zhukov, who was formerly the Managing Director of the Sayanogorsk Aluminium ...
  • 2008-02-11 17:07:07
    NLMK commissions high capacity continuous casting machine
    Novolipetsk Steel has refurbished and commissioned its most productive 2.5 mln tpa continuous casting machine (CCM-6) which produces a wide range of high-quality slabs of various grades.  This upgrade enables a 1.2 mln tn, increase in capacity by ensuring higher surface and ...
  • 2008-02-11 12:19:26
    VSMPO-AVISMA Corporation and SAFRAN entered into new Long-Term Supply Agreement
    PSC “VSMPO-AVISMA Corporation” announced that it has entered into a new, long-term titanium supply agreement with SAFRAN and its Snecma, Turbomeca, Messier-Dowty, Microturbo and Techspace Aero operating units. The agreement, effective as of January 1, 2008 provides for VSMPO-AVISMA ...
  • 2008-02-08 12:48:50
    Farid Kantserov is a New Chairman of the Board of Directors
    OMZ announced the election of Farid Kantserov as Chairman of the company's Board of Directors. Farid Kantserov is the Deputy Chairman of the Managing Board of Gazprombank OJSC. He was born in 1949. He has a legal education. After working in law enforcement, he then joined Gazpromenergosbyt ...
  • 2008-02-07 13:22:25
    Basic Element Announces Creation of Scientific and Technical Centre
    Basic Element announces the establishment of a Scientific-Technical Centre. In the very near future, the STC will begin introducing the latest advances by Russian and international scientists at more than 80 Basic Element enterprises and invest in developing the group’s own ideas and ...
  • 2008-02-07 12:26:21
    TMK Strengthens Market Position with Premium Connections
    TMK plans to double its production of premium threaded tubing, casing and drill pipes to 24,000 tn in 2008. TMK Premium Service, a division of TMK, focuses on strengthening the Company’s position in both domestic and international markets in this high-tech segment. From 5,500 tn of ...
  • 2008-02-06 14:13:51
    Severstal Releases 2007 Operational Results
    Production of crude steel in 2007 was 17.5 mln tn, broadly in line with 2006 numbers. The decrease in production at Severstal North America  during the period (due to the planned relining of blast furnace “C”) was compensated for mainly by growth in Russian Steel. Production of ...
  • 2008-02-06 14:03:54
    MK Uralmash ships the second trestle crane for Kudankulam NPP in India
    Uralmash Machine-Building Corporation (MK Uralmash) has shipped the second trestle crane for Kudankulam NPP (India). Earlier, the company shipped two polar cranes, one fresh fuel storage crane, and the first trestle crane - in May 2006, for this nuclear power plant. All equipment was ...
  • 2008-02-06 11:40:16
    UC RUSAL launches new potrooms at Irkutsk Aluminium Smelter
    UC RUSAL announced the launch of two new potrooms at the Irkutsk Aluminium Smelter (IrkAZ). The new production facilities will boost annual aluminium production capacity by more than 55% to 460,000 tn, with total investment in the project exceeding $600 mln. The first start-up complex of the ...
  • 2008-02-05 14:33:54
    CEO of EN+ Appointed
    Vladislav Soloviev has been appointed CEO of EN+, a holding which unites the energy, coal, oil and aluminum businesses of Basic Element   For the last seven years, Vladislav Soloviev has been Finance Director at UC RUSAL with responsibility for financial planning systems and ...
  • 2008-02-05 14:04:21
    OMZ Foundry Production Implements Latest Technologies
    OMZ Foundry Production, a part of OMZ, announced plans for a switch to the production of medium and small sized casting products using Alphaset Process Technology by mid-2008. Alphaset Process Technology simplifies the procedure for mold knockout and delivers significant quality ...
  • 2008-02-05 12:25:33
    MMK Becomes a Direct Owner of a 50% Interest in Kazankovskaya Coal Company
    OJSC MMK has acknowledged transfer of title to a 50% share package of ZAO Kazankovskaya Coal Company from OOO MetAl. The transfer occurred as part of the procedure of a voluntary liquidation of OOO MetAl, a 100% subsidiary of OJSC MMK. The 50% package, earlier owned by MetAl, was transferred ...
  • 2008-02-05 06:14:01
    Mechel masters unique wire production technology at its Beloretsk Metallurgical Plant subsidiary
    Mechel announces that its Beloretsk Metallurgical Plant subsidiary succeeded in mastering a unique technology to produce stabilized reinforcing wire for prestressed concrete structures used in the construction industry. The equipment supplied in March 2007 by one of the leading European ...
  • 2008-02-04 14:21:47
    METALLOINVEST to supply 80% of HBI total output in 2008 under long-term contracts
    Metalloinvest signed long-term contracts to supply 80% of Hot Briquetted Iron (HBI) total output in 2008. After setting up the second HBI production line at Lebedinsky GOK the Holding intends to increase HBI production capacity up to 2.4 mln tn against current 1.4 mln tn. The contracts ...
  • 2008-02-04 11:53:53
    UC RUSAL and China Power Investment Corporation announce strategic partnership
    UC RUSAL is pleased to announce that it has signed a Memorandum of Understanding (MoU) with China Power Investment Corporation (CPI) for a strategic partnership to create a vertically integrated aluminium production complex. The complex will consist of a bauxite-alumina complex in Guinea and an ...
  • 2008-02-04 10:52:06
    MMK-METIZ Boosts Production by 22%
    In 2007 the Magnitogorsk MMK-Metiz Plant manufacturing steel wire, cables, mesh and fasteners (“metalware”), and forming part of the OJSC MMK Group, produced 32% of Russia’s total output of such products.    Last year the production level at the Magnitogorsk ...
  • 2008-02-01 11:46:33
    Russian producers offer pig iron at above $500 cfr
    Russian merchant pig iron producers have increased offers to above $500 per tonne cfr southern Europe for basic steelmaking grades but buyers have so far resisted further increases.   Italian buyers have paid as much as $495 per tonne cfr for March shipments since the New Year and ...
  • 2008-02-01 11:01:11
    Russia’s Federal Antimonopoly Service approves UC RUSAL’s acquisition of a 25% plus one share stake in Norilsk Nickel from ONEXIM Group
    UC RUSAL yesterday welcomed the decision by Russia's Federal Antimonopoly Service (FAS) to grant clearance for UC RUSAL to acquire a 25% plus one share interest in MMC Norilsk Nickel from ONEXIM Group. Notification of the approval was announced by FAS on 31 January 2008. “Today's ...
  • 2008-02-01 10:21:23
    MMC Norilsk Nickel announces preliminary consolidated production results for 2007 and production forecast for 2008
    Norilsk Nickel announces preliminary consolidated production results for 2007 at its Polar and Kola Divisions in Russia and international operations in Finland, Australia, Botswana and South Africa. “We are satisfied with 2007 production volumes. Norilsk Nickel in 2007 strengthened its ...
  • 2008-01-31 12:35:08
    Severstal sells two mines
    Severstal announced today that it has reached agreement to sell Arcelor Mittal its 97,59% stake in the Beryozovskaya Mine together with its 99.35% stake in the Pervomayskaya Mine. Both mines are located in Kemerovo Region, Russia, and produce coking coal. As part of the deal, Severstal will ...
  • 2008-01-30 12:51:59
    TMK announces its production results for 2007
    For the year 2007, the total volume of shipped (refers to shipped from TMK plants for subsequent sale to customers) pipe products amounted to 3,074,000 tn.   Volumes of shipped pipe products in 2007 (thousands of tonnes)   ...
  • 2008-01-29 12:38:09
    UC RUSAL announces its production and summary financial results for 2007
      Revenues increased by over 11% to USD 14.3 bln compared with USD 12.9 bln in 2006  Overall investment rose by 45%, amounting to USD 2.9 bln Aluminium production increased by 6% to 4.2 mln tn Output of high value-added casthouse products increased by ...
  • 2008-01-29 11:24:22
    2007 Performance Results
    In 2007, production of metallurgical and steam coal at the enterprises of Belon Group totaled 4,655,000 tn, thus exceeding the respective index of the preceding year by 37%. The production volume of metallurgical coal increased by 16% against the ...
  • 2008-01-28 13:49:07
    IZ-Kartex Expands its Order Portfolio for 2008
    IZ-Kartex, a part of OMZ (Uralmash-Izhora Group)  announced a significant expansion of its portfolio of orders for 2008. The company has concluded a number of agreements to supply mining shovels to Russian, Ukrainian and Vietnamese mining companies. The total value of the agreements ...
  • 2008-01-28 12:59:28
    Evraz increases its stake in West Siberian Heat and Power Plant to 100%
    Evraz Group announces that Evraz Group through its subsidiary has completed the buyout of all outstanding common stock of West Siberian Heat and Power Plant (“ZapSibTETs” or “Plant”). The procedure was carried out in accordance with the Russian legislation through ...