2011-02-25 10:11:28 MMK strengthens foothold on domestic market
In 2010, the share of the company’s shipments to the domestic market boosted to 69% of the MMK total metal products sales.
“Given the geographical proximity and favorable growth perspectives, we see domestic marketplace as strategically important and a top priority ...
2011-02-24 10:18:34 TMK ships large diameter longitudinal welded pipes for Lukoil
TMK, one of the world’s leading oil and gas steel pipe producers, ships large diameter longitudinal welded pipes to LUKOIL to build a pipeline system for transporting hydrocarbons produced at the Pyakyakhinskoye gas condensate field.
Since the beginning of the project in the fall ...
2011-02-24 10:15:16 Mechel placed commercial papers of 15 and 16 series at sum of 10 billion rubles
Mechel, one of the leading Russian mining and steel companies, announces successful placements of its commercial papers of the 15 and 16 series.
On February 22, 2011 Mechel OAO completed two placements of its interest-bearing commercial papers of the 15 and 16 series with an obligatory ...
2011-02-22 10:41:33 High scientific potential of the EZTM, JSC crew is confirmed by registered patents for invention
Long experience of "EZTM" JSC in the field of design and manufacture of unique tube rolling, mining and cement equipment allows to remain one of the main suppliers of given products. The firm basis for favourable future of the works is the fact that high-qualified specialists of the ...
2011-02-22 10:37:57 Izhorskiye Zavody initiate mentor project
The mentor project is aimed to increase the prestige of the worker profession in general and to improve the professional skills of Izhorskiye Zavody employees. The project was initiated by Gazprombank, as the company pays significant attention towards career development of te workers and ...
2011-02-21 14:28:18 Severstal announces investment programme for 2011
Severstal announces a target US $2 billion capital investment programme for the current financial year. Severstal will continue to improve operating efficiency, modernize its operational facilities and ensure that the Company maintains industry leading standards of health and safety.
In ...
2011-02-21 00:29:08 En+ Downstream gets control over Mosmek alluminum facility
En+ Group announces the transfer of the building systems manufacturer Mosmek (located in Vidnoe, Moscow region), formerly held by the construction holding Glavstroy, to En+ Downstream within a business restructuring project.
Mosmek is one of the Russia's largest aluminium building systems ...
2011-02-18 12:37:45 NLMK to build pelletizing plant at Stoilensky
NLMK has approved the construction of a pelletizing plant at Stoilensky, its fully owned subsidiary, with a capacity of 6 million tonnes of iron ore pellets per year. The project will encompass the construction of the pelletizing plant and the development of a number of infrastructure ...
2011-02-18 12:32:23 Norilsk Nickel considerably reduced emissions
MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) summarized results of its environmental activities in 2010 and presented them at “Experience and methods of increasing environmental safety of industrial facilities” round table.
In order to protect ...
2011-02-18 10:40:32 NLMK and Metalloinvest signed long-term contracts
NLMK and Metalloinvest Holding have signed four year contracts to supply a total of 21.6 mln tonnes of pellets. Both companies have successfully developed a pricing scheme for raw materials supplied under long-term contracts based on applicable market indicators. For the duration of the ...
2011-02-16 11:00:08 Rusal approves final parameters of Ruble bond issue
UC Rusal announced approval of the Ruble bond issue by OJSC Rusal Bratsk (Issuer) and its key parameters by the Company's Board of Directors.
OJSC Rusal Krasnoyarsk and OJSC Rusal Achinsk (Sureties) will provide sureties for up to RUR30 billion and RUR12 billion respectively, to secure ...
2011-02-16 10:32:25 Koks signed contract with Dosco to supply two MK2BP combines for Butovskaya mine
OAO Koks has signed a contract with the British company “Dosco” to supply two MK2BP combines for the Butovskaya mine, which is planned for launch in August 2012. This new technology awaits two other companies in the Koks group as well. Five Komatsu HD 785-7 dump trucks will soon ...
2011-02-15 11:23:19 Freight One increases haulage of aluminum by 22.5%
Freight One increased haulage of aluminum by 22.5% in 2010 from the Krasnoyarsk and Sayanogorsk aluminum plants compared to last year.
In 2010, Freight One shipped 735 thousand tons of aluminum from these plants to ports in the Northwestern, Far Eastern and Black and Azov sea regions. ...
2011-02-15 10:27:33 Severstal terminates agreement to acquire Sacre-Couer Minerals, Ltd.
Nord Gold N.V. (“Nord Gold”) (formerly Severstal Gold N.V. (“Severstal Gold”)), a subsidiary of OAO Severstal (“Severstal”) (LSE: SVST; RT CHMF), announced that it has terminated its agreement with Sacre-Coeur Minerals, Ltd. (“SCM”) to acquire ...
2011-02-15 00:20:12 Mechel re-launched Nerungriskaya Washing Plant
Mechel announced the re-launching of the Nerungrinskaya washing plant at Yakutugol, following the accident on December 26 which saw the collapse of three thickeners in the washing shop.
The washing plant’s coking coal concentrate production equipment was started back upon February ...
2011-02-14 10:18:22 Plans for renovation of Koks facilities
A Scientific Council session was held at OAO Koks to discuss plans for renovating coke-oven batteries Nos. 4 and 5, as well as prospects for creating a new coke-oven battery with furnaces without chemical by-product recovery. According to Sergey Diakov, Managing Director of OAO Koks, plans to ...
2011-02-14 10:13:42 Decisions of MMK Board of Directors
On February 11, 2011 the Board of Directors of MMK decided on the date of the annual general shareholders' meeting - May 20, 2011.
The Board of Directors of MMK approved of the following agenda for the General Shareholders' meeting:
1. Approval of the Company's 2010 annual report; ...
2011-02-11 18:48:11 Norilsk Nickel offers Rusal $12.8 Billion for 20% of shares
MMC Norilsk Nickel announced press-release in which it offers Rusal $12.8 Billion for 20% of shares: "We refer to the announcement dated December 16, 2010 in which it was stated that MMC Norilsk Nickel (the “Company”) had offered UC Rusal $12 bln to acquire the 25% interest ...
2011-02-11 10:22:40 Postponement of Nord Gold initial public offering
Severstal one of the world’s leading integrated steel and mining companies, announces today that as a result of capital market conditions Nord Gold N.V. (“Nordgold”), a gold producer and a wholly-owned indirect subsidiary of Severstal, has postponed an initial public ...
2011-02-11 10:20:29 Magnitogorsk Iron & Steel Works shipments to pipemakers Up
In 2010, MMK demonstrated almost 50% increase in metal products shipments to the Russian pipe-making industry
Last year, the company shipped over 2.376 million tons of rolled products to pipe manufacturers in Russia (48% up from 1.603 million tons in 2009). The share of tubular products ...
2011-02-10 10:40:42 Russian Steel became a member of Metal-Expo Organizing Committee
The decision on joining Metal-Expo Organizing Committee was made at a General Meeting of Non-Profit Partnership Russian Steel Managing Committee on February 9. Metal-Expo Organizing Committee consisting of more than 30 heads of industrial unions, associations, and institutions operating in ...
2011-02-10 10:01:00 New MMK Plate Mill’s order book full
The order book of the 5,000 mm Plate Mill at the Magnitogorsk Iron & Steel Works (MMK) is 100% full, MMK reported today. In January 2011, the Plate Mill produced 127,000 tons compared to 112,000 tons in December 2010. The mill's full capacity is estimated at 1.5 million tons per year. ...
2011-02-09 15:18:39 Mini-plant to be build in Norilsk
Polar Division of MMC Norilsk Nickel plans to build a foundry and rolling mini-plant to meet the needs of enterprises operating in the region.
According to Evgeny Muravev, Director General of Polar Division, the foundry and rolling plant will use local scrap as meterial to process it in ...
2011-02-09 12:59:33 Izhorskiye Zavody visited by the government delegation and business leaders of Tatarstan Republic
On February 8 2011 Izhorskiye Zavody was visited by the government delegation and business leaders of the Tatarstan Republic, led by the minister of industry and trade R. Kh. Zaripov.
The delegation comprised I.R. Mingaleev, first deputy minister of industry and trade, and executives and ...
2011-02-09 10:26:30 RUSAL nominates candidates to Norilsk Nickel Board of Directors
RUSAL the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, announces its list of candidates to the Board of Directors of MMC Norilsk Nickel for the voting at the extraordinary general meeting of shareholders on 11 March 2011.
RUSAL is nominating ...
2011-02-08 16:18:30 Norilsk Nickel Polar Division to modernize metallurgical capacities
Polar Division of MMC Norilsk Nickel intends to increase ores exploration and non-ferrous metals output. Accordinrg to Evgeny Muravev, Director General of Polar Division if in 2010 ore exploration reached 16 million tons whereas in 2011 it is planned to explorate 16,5 million tons. 70% of the ...
2011-02-08 10:15:59 Putu iron ore resource more than doubles to 2.4 billion tonnes
OAO Severstal, one of the world’s leading integrated steel and mining companies, announced that an independent mineral resource report has estimated a doubling in natural resources at its Putu iron ore project in Liberia to 2.4 billion tonnes. Severstal is the majority stakeholder in ...
2011-02-08 00:27:00 Mechel Signs US$210 mln loan to finance construction of second line at Sibirginskaya Mine
Mechel announces it has signed a loan agreement to finance construction of the second line at the Sibirginskaya mine (owned by Mechel Mining’s subsidiary Southern Kuzbass Coal Company).
According to the terms of the agreement, Transcreditbank grants Southern Kuzbass Coal Company a ...
2011-02-07 10:40:51 Moody's assigns B2 corporate family rating to OAO KOKS, outlook stable
OAO KOKS today announced that Moody's, a leading global rating agency, has assigned a B2 corporate family to OAO KOKS. The outlook on the rating is stable. This is the first time that Moody’s has rated the company. According to the agency, the rating is supported by KOKS' strong ...
2011-02-07 10:29:56 OMZ Foundry Production to manufacture equipment for pressworking of rocket engine parts
OMZ Foundry Production, a part of OMZ Group, is to manufacture equipment for pressworking of rocket engine parts, ordered by the Khrunichev State Space Scientific and Production Facility.
OMZ Foundry Production has started development and manufacturing of model kits to produce four ...
2011-02-04 10:02:00 EZTO to export shaft assemblies gearbox
Shaft assemblies 2,3,4 for TsT1600 gearbox are shipped for export as well as shaft assemblies 2,3 for DD4640 gearbox. At present the shaft assembly 2 for DD4640 gearbox is in production.
For reference:
“EZTM” JSC carries out restoration and modernization of ZM-1600, ...
2011-02-04 10:01:00 Severstal and Sollers sign a cooperation agreement for 2011
Severstal has signed an agreement with Sollers automotive group, which currently owns 67.77% of the ordinary stock in OJSC Ulyanovsk Automobile Plant (UAZ). The agreement defines the reference prices and supply volumes for hot rolled, cold rolled and coated metal-roll products and ...
2011-02-03 10:05:00 VSMPO-AVISMA announces results of audited consolidated IFRS Financial Statements for 2009
Consolidated financial results of VSMPO-AVISMA Corporation for the year of 2009 are as follows:
- sales revenue: USD 977.84 mln.;
- operational profit: USD 164.78 mln.;
- EBITDA was equal to USD 176.096 mln. (adjusted for noncash charge and without exchange rate differences, EBITDA was ...
2011-02-03 10:03:00 OMZ-Spetsstal will manufacture hydro turbine shaft for Zhigulevskaya power plant
OMZ-Spetsstal, a part of OMZ Group, will manufacture a hydro turbine workpiece shaft for the Zhigulevskaya power plant, ordered by OAO Power Machines.
Manufactured from a 190 ton slab in cooperation with OAO Izhorskiye Zavody, the workpiece shaft will be 6 m long and 1.5 m in diameter. ...
2011-02-03 10:01:00 Management changes at Evraz Palini e Bertoli
Evraz Group S.A. announces recent management changes at Evraz Palini e Bertoli S.p.a., its Italian plate-rolling facility. The most recent development of Evraz Group strategy towards lean manufacturing and centralization of some key Company functions narrowed the role of CEO that will no ...
2011-02-02 10:12:19 Mechel announces new appointments in Izhstal
Mechel, one of the leading Russian mining and metals companies, announces the appointment of a new Managing Director of Izhstal OAO (Izhstal), part of Mechel Group.
Konstantin Kretov, 48, was appointed Managing Director of Izhstal effective February 1, 2011. He succeeds Valery Moiseyev, ...
2011-02-02 10:01:00 New potential of construction complex of Moscow region
Alexey Efimov, Metal-Expo Director General visited Tula Steel Structures Plant, a Steelinvest facility as part of arrangement of MetallStroyForum’2011 International Exhibition for Steel Products and Structures for Construction . Looking back, Steelinvest set up an own-produced steel ...
2011-02-01 17:35:28 Mechel announces new appointments in Izhstal
Mechel, one of the leading Russian mining and metals companies, announces the appointment of a new Managing Director of Izhstal, part of Mechel Group.
Konstantin Kretov, 48, was appointed Managing Director of Izhstal effective February 1, 2011. He succeeds Valery Moiseyev, who managed the ...
2011-02-01 14:14:38 Chelyabinsk Zinc Plant produced 153.3 thousand tonnes of zinc in 2010
Chelyabinsk Zinc Plant announced its production results for the twelve months 2010.
January through December 2010, Chelyabinsk Zinc Plant (CZP) produced 153.3 thousand tonnes of salable SHG zinc and zinc based alloys, an increase of 28% as compared to the same period of 2009 (119.9 ...
2011-02-01 13:05:55 KZOCM launched new complex
Kirovsk non-ferrous metals processing plant (KZOCM, owned by UMMC), has launched of a new complex for manufacture of copper semi products. It may make sheets and strips from copper ind its alloys (in a range of the most demanded thickness in the market from 0,025 to 2,5 mm). Capacity of the ...
2011-02-01 10:38:23 Significant events in EZTM activities in 2010
* The CRTM 350-8 installed at "TISCO" (China) is put into operation. The 100% performance indices are reached.
* The loading tests of the CRTM 40-5 equipment installed at "SinTZ" JSC are successfully carried out.
* The modernization of CRTM 55 installed at ...
2011-02-01 10:34:19 Evraz changed accounting policies
Evraz Group has resolved to change its accounting policies regarding the measurement of certain classes of property, plant and equipment.
As of 1 January 2009, Evraz made a voluntary change to its accounting policies to account for selected classes of property, plant and equipment (land, ...
2011-01-31 13:18:20 VSMPO-Avisma plans to produce 27.200 tons of titanium in 2011
VSMPO-Avisma Corproration produced 20.700 tons of titanium in 2010, Dmitry. Trifonov, the production director of VSMPO (branch of VSMpO-Avismy) said in a interview to a corporative newspaper.
According to him, the last year was quite successful for the majority of VSMPO divisions. Shop №4 ...