Metallurgy news

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  • 2007-10-30 11:26:08
    Belon Published Financial Results for the First Half of 2007
    Belon Group published its audited consolidated financial statements for the first six months of 2007. These were prepared in accordance with the International Financial Reporting Standards. During the reporting period, the Company improved its key financial indicators: the total revenues ...
  • 2007-10-29 18:24:58
    MMC Norilsk Nickel launched electronic declaration of exported goods
    OJSC MMC Norilsk Nickel launched electronic declaration of its exported goods. The first electronic cargo customs declaration (CCD) was entered on October 23, 2007 in Murmansk customs zone. Head of Customs Division at MMC Norilsk Nickel Dmitry Seregin says electronic declaration will ...
  • 2007-10-25 18:15:43
    Chelyabinsk Zinc Plant announces its production results for the nine months period of 2007
    Chelyabinsk Zinc Plant produced 122,676 tn of SHG zinc and zinc based alloys, an increase of 11.3% as compared to the same period of 2006 (110,178 tn). 48% of the plant output was supplied to the domestic market. CZP’s subsidiary, Nova Zinc LLC, the operator of Akzhal zinc and lead ...
  • 2007-10-23 18:08:08
    Evraz Increases its Stake in Palini e Bertoli to 100%
    Evraz Group S.A. announces that, further to its acquisition in August 2005 of a 75% plus one share interest in Italian steel plate producer Palini e Bertoli, Evraz has executed a call option in respect of remaining 25% less one share. The consideration paid for the stake was set at ...
  • 2007-10-18 15:42:13
    Severstal’s Karelsky Okatysh wins South Korpangsky license for iron ore production
    OAO Karelsky Okatysh , part of the mining division of Severstal, has won an exploration and production license for the South Korpangsky area of the Korpangskoye iron ore deposit. The auction, organized by the Russian Agency for the Use of Subsoil, took place on Tuesday October 16, 2007 in ...
  • 2007-10-18 15:36:34
    UC RUSAL announces 2007 nine month results
    UC RUSAL announces its production and summary financial results for the first nine months of 2007.   Highlights*: • Alumina production rose by 5.7% to 8,451,791 tn compared to the same period last year. • Aluminium production increased by 5% to ...
  • 2007-10-18 12:11:36
    Tube Works VSMPO-AVISMA for 9 months of 2007
    For 9 months 2007 the enterprise has produced 218,8 tn of titanium tubular production (365,3 thousand meters), 177,7 tn of which (363,6 thousand meters) are seamless cold-finished tubes and 41,5 tn (1,7 thousand meters) are seamless hot-finished tubes (in co-operation with JSC «Nikopol ...
  • 2007-10-18 11:41:19
    Operating Results
    In January–September 2007, production of steam coal increased by 32% to amount to 1,915,000 tons. Such growth was due to operation of the newly launched high-performance face No. 1108 at the Listvyazhnaya mine. The total production ...
  • 2007-10-17 11:31:48
    ChTPZ Group Ferrous Division Ships 1,471,000 Tn of Product to Customers in January-September of 2007
    Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant, both in the ChTPZ Group, shipped 1,471,000 tn of pipe products to customers for the period from January to September of 2007, an increase of 15% as compared to the same period of 2006 (1,280 thousand tn). In January-September of ...
  • 2007-10-16 17:14:33
    MMK-Atakas JV Decides on the Equipment Supplier
    A contract has been signed on the supply of process equipment for the MMK Atakas A.S. Joint Venture. The contract has been awarded to Danieli, Italy, which will supply equipment for both of the JV's production sites in Iskenderun and Istanbul, such as a 2.4 mtpy electric arc furnace (EAF), ...
  • 2007-10-15 15:05:40
    TMK Production Results for the First Nine Months of 2007
    OAO “TMK” (TMK), one of the world’s largest oil and gas pipe producers and the market leader of the Russian pipe industry, today announces its production results for the nine month period ended 30 th September 2007. For the first 9 months of 2007, TMK shipped (shipped ...
  • 2007-10-15 12:22:18
    MMC Norilsk Nickel announces production figures for 3rd quarter 2007
    Mining and Metallurgical Company Norilsk Nickel ("Norilsk Nickel") announces preliminary consolidated production of 75 thousand metric tonnes of saleable nickel for the third quarter of 2007. These figures include production from the Polar and Kola Divisions in Russia and the ...
  • 2007-10-12 12:01:13
    IMEAS supplied manual sheet-to-sheet line Globus Stal
    According to Enzo Minacapilli, representative of IMEAS the Russian steel service centers will follow the global trend among the Evolution of Surface Finishes. GLOBAL EVOLUTION OF SURFACE FINISHES -Before 1970: the WET GRINDING was leading the market (75% of market), followed by the WET ...
  • 2007-10-10 11:06:44
    Since the 15th of October the ordinary shares of OJSC MMK will be included into the MICEX index calculation base
    At the same time the number of securities included into the MICEX index remains unchanged and constitutes 30 shares.  The indices are price, capitalization-weighted (free float) indices of the shares of Russian issuers. The indices are calculated real-time.  The MICEX index ...
  • 2007-10-09 14:06:04
    UC RUSAL signs an investment agreement with Saratov region administration to build а major energy & metals complex
    UC RUSAL is pleased to announce the signing of a cooperation agreement with the government of Russia’s Saratov region for the construction of a major energy and metals complex. The complex will include a significant expansion of the Balakovsky nuclear power plant, with UC RUSAL building ...
  • 2007-10-09 11:41:58
    Mechel Announces Its Victory at the Auction to Acquire the Controlling Stakes In Yakutugol OJSHC And Elgaugol OAO
    Mechel JSC announced that it has won the auction to acquire 75% less one share of Yakutugol OJSHC and 68.86% of the shares of Elgaugol OAO. The acquisition of the controlling stakes in the companies is in line with Mechel's strategy to further develop its mining segment, intensify synergies ...
  • 2007-10-09 11:23:51
    Metalforme’s Top-management will tell about tendencies of application of the equipment for flat steel processing
    Italian Group of companies Metalforme will become key partners of the 3-d International Conference «Steel Service Centers in Russia» during 13th International Industrial Exhibition. Actual matters related to development of flats and long products processing in Russia, ...
  • 2007-10-08 14:53:04
    NLMK upgrades its hot rolled production facilities
    NLMK has commissioned reheating furnace # 4 following its reconstruction for heating slabs before hot rolling.  The furnace, which has a capacity of 320 tonnes of steel per hour, will allow a 50% reduction in energy consumption (natural and Blast Furnace gas) decrease environmental impacts ...
  • 2007-10-05 13:58:51
    INTERIM RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2007
    1H 2007 Highlights: Financials: · Revenue grew 57.5% to US$6,023 million from US$3,825 million in 1H 2006 due to recent acquisitions, improved sales mix and growth in average prices of steel products. · Consolidated adjusted EBITDA was up 87.0% to US$2,050 ...
  • 2007-10-04 18:12:06
    Canadian Royalties and Norilsk Nickel Sign Agreements for the Sale of Nickel Concentrates and an Equity Investment
    Canadian Royalties Inc. and Norilsk Nickel Harjavalta Oy, a wholly owned subsidiary of MMC Norilsk Nickel, announced the signing of several agreements aimed at expediting the development of CRI’s Nunavik Nickel Project. The agreements include a sales agreement for nickel concentrates, an ...
  • 2007-10-04 14:13:40
    UC RUSAL opens trade office in Switzerland
    UC RUSAL has announced the opening of RUSAL Marketing the company’s main trade office, located in Zug, Switzerland. RUSAL Marketing will integrate the company’s trading operations across European, Asian and American markets, offering the clients primary aluminium, alloys, alumina ...
  • 2007-10-04 13:59:37
    MMK acquired 10.75% stake in Belon
    Magnitogorsk Iron & Steel Works Open Joint Stock Company announces the acquisition of 10.75% shares in JSC Belon, a Russian producer of coal and coal concentrates. The decision on participation of JSC MMK in the authorized capital of OAO Belon was taken by the Board of ...
  • 2007-10-03 16:44:01
    Mechel reports first half 2007 financial results
    Mechel JSC today announced results for the first half ended June 30, 2007.    US$ thousand 1H 2007 1H 2006 ...
  • 2007-10-03 14:01:34
    The Italian company IMEAS will become partner of Conference «Steel Service Centers in Russia: Equipment and Technologies, Tendencies of Development and Market Condition»
    Actual matters related to development of flats and long products processing in Russia, prospects of the market development, supplies of metalworking equipment and technologies for steel service centers will be covered at the conference. Russian and international equipment producers will ...
  • 2007-10-01 15:20:19
    Evraz Increases its Stake in Highveld to 80.9%
    Evraz Group S.A. announces that Evraz has executed the option to acquire the remaining Credit Suisse shares in Highveld Steel and Vanadium Corporation. The consideration paid for the 24.9% stake is $219 million. Evraz now owns 80.9% of the entire issued share capital of Highveld.
  • 2007-10-01 13:54:25
    First compliance audit of NLMK’s products successfully completed
    NLMK is pleased to announce that it has passed a regular compliance audit performed by the certification body TÜV CERT reviewing compliance with the provisions of the European Directive - 89/106/EEC and the right to use CE mark for steel products, produced for civil construction ...
  • 2007-10-01 13:50:34
    Commissioning of New Drilling Units at Southern Urals Nickel Plant
    Mechel announces it has commissioned new self-propelled drilling rigs at the open pit mines of its subsidiary, Southern Urals Nickel Plant. Commissioning of the new equipment will enable Mechel to increase nickel ore mining efficiency while reducing production costs. The new ...
  • 2007-10-01 12:52:42
    TMK to Purchase TNK-BP Service Assets
    TMK announced that it will acquire service assets from Russian oil and gas giant TNK–BP. This acquisition is part of TMK’s strategy to develop oil and gas services and provide customers with additional benefits. This deal should be completed before the end of 2007. TMK won the ...
  • 2007-09-28 11:41:40
    OMK Selected as Preferred Bidder to Supply Pipes for Nord Stream Subsea Section
    The Nord Stream Shareholder Committee resolved to sign an agreement with Europipe and OMK for a supply of 1.1 million tonnes of pipes for the first strand of the Nord Stream subsea section. According to the Nord Stream shareholders’ evaluation, both producers proved to have the required ...
  • 2007-09-27 12:37:23
    Norilsk Nickel and Mincom extend partnership
    Mincom, a leading global software and services provider to mining and metals industries,  has signed a new large scale long term contract with tMMC Norilsk Nickel. Under this agreement, Mincom Ellipse is assigned as the standard solution for mining and metallurgical sites of Norilsk's ...
  • 2007-09-26 10:40:20
    Skoda JS Wins Tender for Modernization of Control and Management System at Dukovany NPP
    Skoda JS, a Czech company which is a part of OMZ (Uralmash-Izhora Group) announced  that it has won a tender for the second stage of modernization of the Control and Management System at the Dukovany Nuclear Power Plant (NPP), a part of CEZ, the Czech state energy company. Signing ...
  • 2007-09-24 13:53:58
    Basic Element completes deal with Magna
    Basic Element announced the completion of its previously announced US$1.54 bln strategic investment in Magna International Inc., a Canadian company listed on the Toronto and New York Stock Exchanges. The investment was made by an indirect subsidiary of Russian Machines, a subsidiary of Basic ...
  • 2007-09-24 11:37:01
    VSMPO-AVISMA Corporation and Pratt & Whitney Canada Singed a Long-Term Cooperation Agreement
    PSC VSMPO-AVISMA Corporation and Pratt & Whitney Canada signed a long-term framework agreement on cooperation in August 2007 at the International Aerospace Show MAKS-2007 in Zhukovsky (Moscow region). The agreement defines relations between the two companies for the period of 10 years ...
  • 2007-09-24 01:17:36
    Mechel Announces Decision of The Board of Directors
    At a meeting of the Mechel Board of Directors held on September 18, 2007, the Board adopted a resolution on the Management Board membership. The following persons were elected members of the JSC Mechel Management Board: Igor Zyuzin, Mechel CEO and new Management Board Chairman; Alexey ...
  • 2007-09-24 00:48:36
    NLMK commissions steel processing line
    NLMK today announces that it has commissioned a new high-tech pushing type pickling line for hot rolled grain-oriented and carbon steel with capacity of over 300,000 tpy at its production site in Lipetsk. Its installation will allow two obsolete lines to be retired, thus decreasing ...
  • 2007-09-21 16:10:27
    United Company RUSAL announces new management appointments in North America
    UC RUSAL announces today several senior management appointments at its RUSAL America subsidiary to strengthen the Company’s growing presence in the North American market. Sergey Bubnov has been appointed President of RUSAL America , reporting to the RUSAL America ...
  • 2007-09-21 14:14:31
    Mechel Announces Its Acquisition of Port Temryuk-Sotra
    Mechel announces it has acquired 100% of the Temryuk-Sotra seaport shares. The acquisition is in line with Mechel’s further diversification of its coal and steel product traffic flows in developing its own transport infrastructure. The Temryuk-Sotra seaport is located at the ...
  • 2007-09-21 14:09:30
    Norilsk Nickel approved construction of VS-10 shaft at its Skalisty mine
    The Board of Directors of MMC Norilsk Nickel reviewed the progress of a project to expand the Skalisty Mine at the company’s Polar Division and approved a contract with Thyssen Schachtbau GmbH (“Thyssen Schachtbau”) for turnkey construction of mine infrastructure and the ...
  • 2007-09-20 17:53:10
    VSMPO: US Commerce Dept zero rates magnesium import duty
    Yesterday, the US Department of Commerce decided to lower the antidumping duty charged on magnesium imports to 0.41%, which is considered to be nil under American antidumping legislation. This means that the Russian corporation, the world’s leading manufacturer of titanium products, will ...
  • 2007-09-20 16:49:47
    Severstal wins exploration and extraction rights for the Sagan-Golsky gold field
    Severnaya Zolotorudnaya Kompaniya, a subsidiary of Severstal, the Russian mining and steel company, has won an auction for the geological exploration and gold extraction rights at the Sagan-Golsky gold field in the Buryatiya Republic . The auction was held by the Subsurface Management ...
  • 2007-09-20 13:45:02
    ChTPZ Group Ferrous Division Ships 1,309,000 Tn of Product to Customers in January-August 2007
    Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant, both in the ChTPZ Group, shipped 1,309,000 tn of pipe products to customers for the period from January to August of 2007, an increase of 18% as compared to the same period of 2006 (1,111 thousand tn). In January-August of ...
  • 2007-09-20 10:51:40
    Arcelor Mittal Interested in Yakutia's Coal Assets
    Representatives of the steel smelting company Arcelor Mittal are currently staying in the Yakutian city of Neryungri . The visit was caused by the interest of Arcelor Mittal in the forthcoming tender on the sale of Yakutugol's and Elgaugol's assets scheduled for October 5 and on ...
  • 2007-09-18 18:11:29
    UC RUSAL launches large-scale social investment programme in Nigeria
    Ikot Abasi, Nigeria September 18, 2007, – UC RUSAL, the world’s largest producer of aluminium and alumina, launched an extensive social investment programme designed to support development of the local communities of UC RUSAL ALSCON, the aluminium smelter in Ikot Abasi, Akwa Ibom ...
  • 2007-09-18 11:55:13
    MMK: new mill to be located in Ohio
    One of Russia ’s largest metal makers Magnitogorsk Metallurgical Plant (MMK) plans to build a new cold-rolled steel mill for automotive applications with annual capacity of 1.5 mln tn. The media wired yesterday that the Ohio authorities will provide the metal maker with a ...
  • 2007-09-13 10:52:04
    TMK’s First Shipment of New Pipe Range
    Z АО “TMK-CPW”, a joint venture between Seversky Tube Works and “Humbel limited” of Cyprus, a subsidiary of the Greek pipe industry leader Corinth Pipeworks S.A., announced today that it has delivered its first shipment of a new pipe range to the Rosneft Oil Company, ...
  • 2007-09-12 12:36:14
    Siemens Barred from Boosting Stake in Power Machines
    The Russian Federal Anti-monopoly Service has refused to grant Siemens AG permission to purchase a controlling stake in Power Machines The anti-trust watchdog cautioned that approval of Siemens's request would lead to breach of competition laws and dominance on the Russian energy ...
  • 2007-09-12 11:34:57
    High quality of OEMK’s steel for automotive industry is confirmed
    The quality management sytstem at Oskol Electric Steelworks fully meets ISO/TS 16949:2002 standard, which was confirmed during a recertification audit which has been carried out. The certificate is a “must have” for any steel supplier to the international car industry. ...
  • 2007-09-11 13:26:52
    Norilsk Nickel Appoints Executive Management Team for International Mining and Metallurgical Operations
    Norilsk Nickel today announces the appointment of Peter Breese as Chief Executive of Norilsk Nickel’s international mining and metallurgical operations. The international mining and metallurgical operations form part of the Mining and Metallurgical business unit headed by Deputy General ...
  • 2007-09-11 11:06:46
    Mechel Announces Commissioning of New Mining Machinery at Krasnogorsk Open Pit Mine of Southern Kuzbass
    Mechel announces that the Company has commissioned a unique backhoe hydraulic excavator with an 11 cubic meter bucket, Liebherr R-994, at Krasnogorsk open pit mine of its coal mining subsidiary, Southern Kuzbass . This is the second excavator of that type put into operation at ...
  • 2007-09-10 16:01:37
    RUSAL and Republic of Venezuela signed letter of intent to jointly develop alumina and aluminium projects
    UC RUSAL announces the signing of Letter of Intent with the state company Corporacion Venezolana de Guayana to jointly explore opportunities to develop raw material and aluminium projects in Venezuela . The Letter of Intent creates the basis for a comprehensive exploration of ...