Metallurgy news

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  • 2007-09-10 12:33:29
    Belon Group Comes to Barnaul
    A new remote mill products sales point of Belon Group was opened in  Barnaul. Opening of the trading floor in yet another Siberian town is in line with Belon's strategy of overall increase in sales and development of the distribution ...
  • 2007-09-10 11:21:35
    Severstal’s H1 2007 results demonstrate further progress
    Financial Results for the six months ended 30 June, 2007 ($ million unless otherwise stated)   H1 2006 H1 2007 ...
  • 2007-09-07 15:23:50
    UC RUSAL and ANTAM sign memorandum of cooperation
    UC RUSAL announced the signing of a memorandum of cooperation with Indonesian state-owned company ANTAM to construct a bauxite and alumina complex in Western Kalimantan, Indonesia. The preliminary estimated production capacity of the complex will reach 3.6 million tones of bauxite and 1.2 ...
  • 2007-09-07 15:19:10
    Severstal subsidiary northern gold-mining secures geological exploration and gold extraction rights for the Uryahskoe ore field
    Northern Gold Mining, a subsidiary of Russian miner and steel producer Severstal, has won an auction for the geological exploration and lode gold extraction rights for the Uryahskoe ore field located in the Irkutskaya oblast. The predictive resource estimate of the lode gold P 2+ P 3 ...
  • 2007-09-06 18:53:34
    MMK Will Build a Plant in Saint Petersburg
    Yesterday, Valentina Matvienko, Governor of St.Petersburg, and Victor Rashnikov, President of the MMK Managing Company, signed an Investment Agreement. According to the document, by 2010 OJKSC MMK intends to build a stamping plant and a service center in St.Peterburg. Investments in ...
  • 2007-09-05 15:24:15
    MMK announces the results of its consolidated financial statements for the first six months of 2007 according to US GAAP
    Open Joint Stock Company Magnitogorsk Iron and Steel Works announces the results of its consolidated financial statements for the first six months of 2007 according to US GAAP.    1. Financial results The revenue of MMK Group in the first half of 2007 increased by ...
  • 2007-09-05 15:11:19
    Chelyabinsk Zinc Plant Begins Shipments to the UK
    Chelyabinsk Zinc Plant announced today that it has begun supplying zinc to the Brock Metal Company (UK). The first shipment will amount to 1,000 tonnes of metal. By the end of 2007, CZP expects to ship 6,000 tonnes of zinc to the UK. In 2008 annual shipments are expected to reach 22,000 tonnes. ...
  • 2007-09-03 17:54:17
    NLMK signed contract to supply another pre-painting line
    Novolipetsk Steel (NLMK) has signed a contract with the German company “Sundwig” to supply its third pre-painting line which will have an annual production capacity of 200,000 tonnes of steel. The contract is worth EUR 33 million. The new equipment will be delivered within 14 ...
  • 2007-09-03 14:06:31
    Charter capital will decrease
    Shareholders of Magnitogorsk Iron&Steel Works adopted a decision at the August 30 EGM to merge with MMK Capital which owns 498,495,023 of MMK’s shares, or 4.27% of the charter capital. MMK said in a statement that its stock owned by MMK Capital will be redeemed. As a result, ...
  • 2007-09-03 12:47:04
    Severstal Shareholders to Consider H1 Dividends
    The Board of Directors of Severstal has recommended that its shareholders approve at an annual meeting on September 28, 2007 the payment of RUR10 (approx. USD0.39) per share and GDR as dividend for the first six months of 2007, the Russian steelmaker's official documents state. Each GDR ...
  • 2007-08-31 11:34:32
    MMK and Gazprom clinch cooperation agreement until 2015
    Victor Rashnikov, President of the MMK Managing Company, and Alexander Ananenkov, Deputy Chairman of the OJSC Gazprom Management Board, have signed the Cooperation Agreement Between OJSC MMK and OJSC Gazprom for the Period up to 2015. According to the document, the parties will, on a ...
  • 2007-08-30 16:32:52
    OMZ-SpecStal Begins Construction of High-Powered 120 Ton Heavy-Duty Electric Steelmaking Furnace
    OMZ (Uralmash-Izhora Group) announces that its OMZ-SpecStal subsidiary has begun construction of a next-generation high-powered 120 ton heavy-duty electric arc steelmaking furnace. The construction was begun with the building of a new electric steel making section located near ...
  • 2007-08-29 15:31:20
    Boeing and VSMPO-AVISMA Signed an Agreement on Establishment of the Joint Venture and Appointed the Managing Director
    The representatives of the Boeing Company and VSMPO-AVISMA Corporation announced about establishment of the joint venture Ural Boeing Manufacturing (UBM). JV UBM will be engaged in machining of titanium die-forgings for Boeing 787 Dreamliner. Initially the parties declared about their plans to ...
  • 2007-08-29 15:03:42
    Listvyazhnaya Coal Preparation Plant Opens up New Prospects
    Comprehensive testing of equipment in operating modes and production of pilot lots of cleaned steam coal started at the Listvyazhnaya coal preparation plant (Belon Group). After technological checkout, the new plant will be put into operation. According to estimates, by the end of ...
  • 2007-08-28 16:38:39
    Mechel Announces Acquisition of Bratsk Ferroalloy Plant
    JSC Mechel  announces acquisition of 100% stake in the charter capital of Bratsk Ferroalloy Plant OOO (BFP OOO). The acquisition is in line with Mechel’s strategy aimed at developing its steel segment, improving its operational efficiency, reducing production costs, and ...
  • 2007-08-27 11:25:00
    Dividend Declaration
    The Board of Directors of Novolipetsk Steel, NLMK (LSE: NLMK), the leading Russian steel producer, today recommended for the approval of shareholders an interim dividend in respect of the first six months of 2007 of RUR 1.5 per ordinary share (1 Global Depositary Share = 10 ordinary shares). ...
  • 2007-08-27 11:16:35
    OMZ Announces Large Scale Investments into Its Metallurgical Business
    OMZ is currently developing its strategy for the development of the company’s metallurgical business to 2011. The strategy provides for a doubling of sales, by US$1 billion, technical modernization and implementation of the latest technologies. The OMZ metallurgical division, which ...
  • 2007-08-24 17:11:05
    Shell Global Solutions Certificate Issued to OMK
    Shell Global Solutions International B.V. officially informed OMK of the issue of a certificate confirming the compliance of large-diameter pipes (LDP) produced by the TESA 1420 shop (JCO line) of Vyksa Steel Works (VSW), part of United Metallurgical Company (OMK), with Shell's standards. ...
  • 2007-08-24 15:40:01
    Fitch Affirms Norilsk Nickel At 'BBB-'; Outlook Stable
    Fitch Ratings affirmed Russia-based OJSC MMC Norilsk Nickel's Long-term Issuer Default Rating ("IDR") and senior unsecured ratings at 'BBB-' (BBB minus) and its Short-term IDR at 'F3'. The Outlook for the Long-term IDR is Stable. The ratings reflect NN's position as the world's ...
  • 2007-08-22 14:02:51
    MMK occupies leading positions among Russian steel producers as regards value added products
    According to Chermet data, MMK holds the first place in Russia in production of hot rolled flat products, cold rolled bands and cold-formed sections, with a second place in steel articles (metalware), galvanized and polymer coated flat products, and a third in cold rolled flats. MMK is the ...
  • 2007-08-22 12:48:56
    UC RUSAL restarts Alpart and Windalco alumina refineries
     UC RUSAL announces the restart of Alpart and Windalco alumina refineries which were suspended on August 18 ahead of Hurricane Dean. The facilities remain undamaged as a result of the efficient work carried out by the refineries’ technical services teams.   About ...
  • 2007-08-21 12:08:00
    TMK acquires pipe coating producer Truboplast
    JSC TMK reached an agreement to acquire 100% of share capital in OOO “Truboplast”. The consolidation of “Truboplast” into TMK’s structure is planned to be completed by the end of 2007. OOO “Truboplast” is one of Russia ’s largest producers ...
  • 2007-08-20 17:38:51
    VSMPO-AVISMA Corporation will Participate in the International Air Show MAKS-2007
    The Air Show will be held on August 21-26, 2007 in Zhukovsky city, Moscow region. The particular feature of this Air Show is that for the first time many Russian aircraft-building companies will appear under the aegis of the United Aircraft-Building Corporation, which will demonstrate all ...
  • 2007-08-20 17:33:32
    Listvyazhnaya Coal Preparation Plant Becomes New Benchmark in Belon’s Development
    Belon Group completed construction of the Listvyazhnaya coal preparation plant, which proved to be one of the key investment projects of the Company. The total investment in the plant construction amounted to 3 billion rubles (exclusive of VAT). ...
  • 2007-08-17 16:58:24
    Alcoa to Find Way to Russia’s Sky
    Russia ’s division of the U.S. Alcoa has finally got a chance to make profit-raising its two plants. The company will ink a cooperation agreement with United Aircraft Construction Corp., or UAC, during the MAKS 2007 Air Show. In time of MAKS 2007, UAC is going to sign a ...
  • 2007-08-17 15:10:37
    Severstal to double PPGI output
    Severstal has signed a contract with German firm SMS Demag for the delivery of a second line with annual design capacity of 200,000 tn of pre-painted galvanized iron. In two years’ time, when the line is commissioned, Severstal will double output of this product. Severstal will ...
  • 2007-08-16 11:53:26
    Evraz Group’s major operating subsidiaries report 2Q 2007 RAS Financial Results
    Evraz Group S.A. announces that its major Russian operating subsidiaries [1] have filed financial results with the Federal Financial Markets Service of the Russian Federation (FFMS) for the three months ended June 30, 2007 . The results are prepared in accordance with Russian accounting ...
  • 2007-08-16 11:48:16
    UC RUSAL’S Aluminium Division receives ISO 14001
    UC RUSAL is pleased to announce that its Aluminium Division has been awarded an international environmental management standard ISO 14001 certificate. The certificate was issued by Det Norske Veritas (DNV), an international auditing company based in Norway, which confirms that UC ...
  • 2007-08-15 16:02:00
    Mechel Announces Opening of New Warehouses by Mechel-Service
    Mechel ОАО announced that its trading company, Mechel-Service OOO, opened new warehouses in July and plans to further expand its distribution network. The Company opened a total of 5 new units in Moscow, Yekaterinburg, Sochi, St.-Petersburg, in addition to those it had had in these ...
  • 2007-08-15 12:45:19
    VSMPO-AVISMA starts an implementation of enterprise resource planning system based on SAP software
    The Board of Directors of VSMPO – AVISMA Corporation approved a decision to implement an enterprise resource planning (ERP) system based on SAP software. With SAP ERP information system both production plants of the Corporation – VSMPO and AVISMA should be in a position to ...
  • 2007-08-15 11:51:14
    Norilsk Nickel’s Offer to LionOre Shareholders Expires With Over 97,7% of Shares Tendered
    OJSC MMC Norilsk Nickel announced that 241,518,856 common shares of LionOre Mining International Ltd representing in excess of 97.75% of the LionOre common shares outstanding have been acquired, or will be taken up with payment to be made shortly, by Norilsk Nickel under its all-cash offer to ...
  • 2007-08-14 14:55:46
    Severstal acquires 22% of the issued shares of Celtic Resources Holdings Plc
    ZAO  Severstal Resurs (“Severstal Resurs”), which manages the mining assets of OAO Severstal, announces that Severstal’s  subsidiary Bluecone Limited has agreed to acquire for cash approximately 12.3 million common shares of Celtic Resources Holdings Plc ...
  • 2007-08-14 13:49:13
    OMZ has won an international tender for the manufacture of two hydrocracking reactors for TANEKO
    OMZ, belonging to Uralmash-Izhora Group has won an international tender for the manufacture of two hydrocracking reactors for the company TANEKO (TATNEFT Joint-Stock Company), a newly built complex for fine oil processing in the city of Nizhnekamsk. The contract’s value exceeds RUR ...
  • 2007-08-14 12:03:00
    Belon: First Semester Results
    According to the results of the fist semester of 2007, Belon Group improved its key performance indicators. The total coal production at the mines increased by 46% (or by 788,000 tn) compared to the corresponding period of the preceding year, ...
  • 2007-08-10 15:47:43
    MMK Goes Automotive
    MMK has acquired a 75% interest in ZAO Intercos-IV. The decision was taken on July 13, 2007 , by MMK’s Board of Directors. Intercos-IV, a company set up in St.Petersburg in 1992, is a manufacturer of large-size stamping dies weighing up to 70 tons and stampings for ...
  • 2007-08-09 16:20:37
    Mechel announces commissioning of new mining machinery
    JSC Mechel announces that the Company has commissioned new modern backhoe excavators at its iron ore mining subsidiary, Korshunov Mining Plant, and at deposits of its nickel mining subsidiary, Southern Urals Nickel Plant. The new machines will increase Mechel’s efficiency of iron and ...
  • 2007-08-09 15:17:13
    UC RUSAL launches modernization of Bratsk aluminium smelter
    UC RUSAL has announces the start of modernisation of Bratsk aluminium smelter, the world’s largest, to reduce environmental impact and increase efficiency. The first stage of the project will be completed in 2011, costing USD 350 million in investment. The modernization programme ...
  • 2007-08-09 12:24:14
    ChTPZ Group Ferrous Division Ships 1,138,200 Tn of Product to Customers in January-July 2007
    Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant both in the ChTPZ Group, shipped 1,138,200 tn of pipe products to customers for the period from January to July of 2007, an increase of 23% as compared to the same period of 2006 (925,600 tn). In January-July of 2007, ChTPZ ...
  • 2007-08-08 15:50:10
    Results of Evraz\'s Offer to Acquire Highveld Shares
    Evraz Group S.A. announces that the offer made by Evraz on 4 June 2007 to acquire the entire issued share capital of Highveld Steel and Vanadium Corporation Limited, other than those shares currently held by Evraz, for a consideration of ZAR 93 ("offer") closed at 17h00 (SA time) on ...
  • 2007-08-08 11:30:25
    UC RUSAL announces release of employees kidnapped in Nigeria
    The six kidnapped Russian citizens, comprising five UC RUSAL employees and one employee\'s relative, were released today in Nigeria. They were taken hostage on June 3, 2007 in the company’s residential compound near the town of Ikot Abasi, Nigeria. The release of the hostages was ...
  • 2007-08-07 12:28:36
    Mechel Announces Decisions of Shareholders’ Meeting And Board Of Directors
    JSC Mechel announces that an Extraordinary General Shareholders’ Meeting and a meeting of the Board of Directors were held today. At the meeting, the shareholders agreed to approve the “Bylaw on the collegial executive body (Management Board).” The creation of the ...
  • 2007-08-02 11:54:29
    Inprom Group's releases 2006 IFRS consolidated financial statements
    Inprom Group's operating profit in 2006 grew by 174%, year-on-year, hitting $21.35 million against $7.8 million, according to the consolidated financial statements, audited to IFRS by independent auditors Deloitte & Touche. Sales stood at $446.6 million, up 59.8% from 2005 (279.5 million), ...
  • 2007-08-01 15:23:55
    Evraz purchases a stake in Highveld from Credit Suisse
    Evraz Group S.A. announces that the Board of Directors has approved the purchase of a 24.9% stake in Highveld Steel and Vanadium Corporation ("Highveld") from Credit Suisse International for an amount of up to US$219 million, thus exercising an option to increase Evraz's stake in ...
  • 2007-08-01 10:19:32
    Basic Element has applied to the Federal Anti-Monopoly Service to acquire a controlling stake in RussNeft
    Subject to FAS approval, RussNeft will be part of Basic Element's En+.  Among the other companies that make up En+ are UC RUSAL, the second largest aluminium producer in the world, Eurosibenergo, Central European Aluminium Company and United Oil Group, the oil production and refining ...
  • 2007-07-31 12:04:28
    New Management Board Members of Novolipetsk Steel approved
    The Board of Directors of Novolipetsk Steel today approved new Management Board membership submitted by the company’s President (Chairman of the Management Board). The composition of Company’s Management Board is as follows: - Alexey Lapshin – President, Chairman of ...
  • 2007-07-31 10:23:20
    MMC Norilsk Nickel announces production figures for 2nd quarter 2007
    Mining and Metallurgical Company ("MMC") Norilsk Nickel ("Norilsk Nickel") announces preliminary consolidated production figures for the second quarter of 2007. These figures include production from Norilsk Nickel Harjavalta, which was acquired on March 1, 2007, as ...
  • 2007-07-30 22:02:33
    Mechel announces commissioning of new mining machines at Southern Kuzbass
    JSC Mechel announces the commissioning of new mining machines at the open pit mines of its coal mining subsidiary, Southern Kuzbass OAO. The commissioning of the new machines will allow Mechel to increase efficiency of coal mining and reduce production costs. The new machines were put ...
  • 2007-07-30 15:03:30
    New recreation centre to be built in Lipetsk
    NLMK has begun construction of a modern recreation facility in Metallurgov Park. The centre’s location provides residents of the Left-bank area with easy access to the city, offering them the opportunity to practice sport in their own district.    The total project ...
  • 2007-07-30 13:40:08
    Chelyabinsk Zinc Plant Reports 14.6% production increase in Q1 2007
    Chelyabinsk Zinc Plant is pleased to announce its production results for the first half of 2007. January to June 2007, Chelyabinsk Zinc Plant produced 80,385 tonnes of SHG zinc and zinc based alloys, an increase of 14.6% as compared to the first half of 2006 (70,139 tonnes). 49% of the ...
  • 2007-07-27 12:32:10
    A Copper Company has been Offered to Basic Element in Exchange for Olympics Contracts
    On July 31 another tender will be announced for privatization of RTB Bor, a Serbian copper company. The upset price should amount to $340 mln. Soyuzmetalloresurs incorporated in Basic Element Resourses Division has already showed interest in participation in the tender. Some analysts say, the ...