2010-09-24 10:15:58 Severstal Gold to acquire Sacre-Coeur Minerals, Ltd.
Severstal Gold N.V. (“Severstal Gold”), a subsidiary of OAO Severstal (“Severstal”) (LSE: SVST; RT CHMF), is pleased to announce that that it has acquired 3,900,000 common shares (“Common Shares”) of Sacre-Coeur Minerals, Ltd. (“SCM”), at an ...
2010-09-24 00:06:02 Aluminium semi products output in Russia has a little grown
Russian aluminium industry in August, 2010 has reduced manufacture of primary aluminum to 0.5% in comparison with July, 2010, but has made it by 2.3% more than in August, 2009.
Aluminum semi products output too has appeared ambiguous. Bars and profiles manufacture has grown by 1.8%, foil ...
2010-09-23 12:18:35 Russian copper semi products manufacture has sharply increased
The Russian output of refined copper in August of current year has fallen by 3.5% in relation to July, but in comparison with August, 2009 has grown by 0.6 %.
Manufacture of semi products from «red metal» has shown growth on all basic grocery groups. For example, bars and ...
2010-09-23 10:26:26 European Commission has completed monitoring of Mechel’s steel subsidiaries in Romania
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports compliance of its Romanian steel subsidiaries with the viability benchmarks established by the European Commission within the framework of the Romanian steel industry restructuring strategy.
The ...
2010-09-23 10:25:08 NLMK upgrades its steelmaking facilities at the Lipetsk site
Novolipetsk Steel (NLMK) has completed the reconstruction of gas exhaust ducts with a secondary emissions collection and cleaning system at its Lipetsk site. The reconstruction at BOF Shop #1 - which accounts for approximately 40% of steel output at Lipetsk is a key environmental project ...
2010-09-22 12:04:20 Electrozinc masters manufacture of a new alloy
The Electrozinc plant (the enterprise of UMMC) masters manufacture of the new zinc-aluminum alloy being replacement of classical bronzes and widely applied in Europe for manufacturing of sliding bearings.
Igor Hodyko, Chief Engineer, Electrozinc reported the output of the first trial lot ...
2010-09-22 10:29:34 Mechel reports signing protocol of Intent with China National Coal Group
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces it has signed a Protocol of Intent with China National Coal Group.
On September, 21 the Protocol of Intent was signed between Mechel OAO and China National Coal Group – the second largest coal ...
2010-09-22 10:23:53 Severstal obtains exploration and development license for Tsentralnyi field in Tyva republic, Russia
Severstal (LSE: SVST; RTS: CHMF), one of the world’s leading vertically integrated steel and mining companies, has obtained a license for further exploration and coal extraction at the Tsentralnyi field in the western part of the Ulug-Khemskiy basin in the Tyva Republic, Russia. This ...
2010-09-21 14:53:01 VSMPO-Avisma start acquisition of a ligatures manufacturer
VSMPO-Avisma Corporation has bought 18.98% stocke of Uralredmet company (Sverdlovsk area) and plans to increase its share in its authorized capital stock to a blocking package. Transaction cost has not been disclosed.
VSMPO-Avisma has informed that the given transaction pursues as the aim ...
2010-09-21 10:25:32 Mechel signed US$471.2 mln facility to finance construction of universal rolling mill
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces it has signed a loan agreement to finance a universal rolling mill installation project at its Chelyabinsk Metallurgical Plant OAO (CMP OAO) subsidiary.
The new $471.2 million* Senior Term Loan ...
2010-09-20 12:30:53 RUSAL’s shares rose by 11% for a week
During the week from September 13 to 17 RUSAL’s shares rose by 11% reaching 9.14 HKD. The price increase was caused, on the one hand, by strong financial H1 results that substantially exceeded analysts’ expectations, by positive analysts’ reports, RUSAL’s activities ...
2010-09-20 11:18:26 New manufacture of aluminum wire-rod is created near to Moscow
The Vtormet Industrial Company, the largest in the Moscow area manufacturer of secondary aluminum alloys, sets up aluminum wire-rod line, one of the market players has informed. New production can be used as in electrotechnical branch (for manufacture of cables and wires), and in ferrous ...
2010-09-20 10:50:27 Norilsk Nickel announces new routes to deliver its products to customers in South East Asia
On September 15 Arctic diesel electric ship Monchegorsk owned by OJSC MMC Norilsk Nickel (“Norilsk Nickel” or “the Company”) left Murmansk sea port for its first voyage through the Northern Sea Route’s eastern part: Murmansk-Dudinka-Busan-Shanghai.
East part ...
2010-09-20 10:43:17 Severstal subsidiary signs mineral development agreement for the putu iron ore project in Liberia
OAO Severstal (“Severstal”) (LSE: SVST; RTS: CHMF), one of the world’s leading vertically integrated steel and mining companies, announces that its 61.5% subsidiary has entered into an agreement with the Government of Liberia to develop the Putu iron ore project. The Mineral ...
2010-09-20 10:31:54 Fitch Ratings changes the outlook of MMK's to positive
Rating agency Fitch Ratings has changed the Outlook for Magnitogorsk Steel OJSC's ("MMK") to positive from stable and affirmed Long-Term Issuer Default Rating at BB.
According to Fitch Ratings, the revision of MMK’s Outlook to positive from stable in part reflects ...
2010-09-17 10:46:12 Oleg Deripaska to deliver inaugural lecture to launch President’s Forum at HKUST
UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, is pleased to announce details of CEO Oleg Deripaska’s lecture – ‘The Power of Focus: Turning Opportunity into Success’ – which is the inaugural speech of the UC RUSAL ...
2010-09-15 09:04:20 Krasnoyarsk metallurgical works endures a rebirth
The Krasnoyarsk metallurgical works endure a rebirth: En + Group plans to create on its base the rolling complex largest in Russia.
En + Downstream (is a part En + Group) under which control of Krasnoyarsk metallurgical works has passed in the summer of 2009, has begun preparation of the ...
2010-09-14 09:00:21 Agrisovgaz intends to create two technological clusters
«On the basis of our industrial platforms we plan creation of two technological clusters – aluminum and steel», - Dmitry Kolbichev, the director of company Agrisovgaz (Maloyaroslavets, the Kaluga region), on celebrating of the 20 anniversary of the enterprise has declared. ...
2010-09-13 11:56:40 Metal Supply and Sale Magazine at Aluminium-2010
Aluminium-2010 International exhibition opens in Essen on September 14. The exhibition will gather together more than 900 companies from 45 countries of the world including from Germany, Italy, Austria, Italy, Great Britain, the USA Japan, China, etc.
Metal Supply and Sale Magazine ...
2010-09-13 10:16:18 Izhorskiye Zavody complete deployment of SAP ERP
Izhorskiye Zavody, a part of OMZ Group, along with SAP and T-Systems have successfully completed integration of SAP ERP system into the production process.
Successful synchronization of the Intermeh PDM-system (responsible for production process management) and SAP ERP (responsible for ...
2010-09-10 11:01:39 Mechel placed commercial papers of the 13 and 14 series at a sum of 10 Billion Roubles
Mechel OAO (NYSE: MTL), one of the leading Russian mining and steel companies, announces placing its commercial papers of the 13 and 14 series.
On September, 7 2010 Mechel OAO completed two placements of its interest-bearing commercial papers of the 13 and 14 series with an obligatory ...
2010-09-09 10:43:00 NLMK implements steel production upgrades
A second high-capacity ladle furnace has commenced production at NLMK’s main site in Lipetsk. The 4 million tonnes per year (‘mtpy’) ladle furnace operation will allow a reduction in refining costs, ensure maximum quality improvement and will boost output of new steel grades ...
2010-09-08 10:37:51 MMK has increased domestic supplies
The share of MMK domestic supplies in August 2010 reaches almost ¾ of the total rolled products supplies. The company’s last month export supplies exceeded 228k tons of steel products while the total output of marketable products exceeded 847k tons. Hence, the export share in the ...
2010-09-08 10:15:09 Mechel announces commissioning new electric steelmaking complex at Izhstal
Mechel OAO (NYSE: MTL), a leading Russian mining and steel company, announces that the Russian Prime Minister Vladimir Putin commissioned a new electric steelmaking complex at Izhstal OAO. The new facility comprises an electric arc furnace and a continuous slab caster.
During ...
2010-09-06 10:46:48 Evraz's North American subsidiary secures CAD300 million of bank financing
Evraz Group S.A. (LSE: EVR) announces the closing of a CAD300 million (approx. $285 million) four-year committed revolving credit facility by Evraz Inc. Canada (the Company). The facility is secured with the inventories and receivables of the Company and its operating subsidiaries (ABL ...
2010-09-06 10:42:57 Mechel announces work suspension at the New-Olzherasskaya Underground Mine
Mechel OAO (NYSE: MTL), one of the leading Russian mining and steel companies, announces work suspension at New-Olzherasskaya Underground mine which is a part of Southern Kuzbass OAO due to coal self-heating in the long wall face No. 21-1-7.
In the middle of August 2010, coal ...
2010-09-03 10:01:00 National expositions of Chinese steel companies to be arranged at Metal-Expo’2010
ArcelorMittal, Baosteel, Marcegaglia, Acerinox, Ruukki, RHI, SMS Group, Vesuvius, MetalForme, Industrie PU.MA, Beijing Lirr, Henkel, China Fest Heavy Industries and other major steel companies will participate in Metal-Expo’2010 (November 9-12, Pavilion 75, the All-Russia Exhibition ...
2010-09-02 10:43:44 New associated company of VSMPO-AVISMA Corporation
PSC VSMPO-AVISMA Corporation announced of an associated company promotion – LLC AVISMA- Kosmos.
The associated company will be involved in power transfer using facilities and equipment of power substation “Kosmos”, commissioning of which is planned in the end of 2010. ...
2010-09-02 10:33:52 Evraz announces interim results for 1H 2010
Evraz Group S.A. (LSE: EVR) today announces its unaudited interim results for the six months ended 30 June 2010.
1H 2010 Highlights:
Financials:
* Consolidated revenue US$6,379 million (+38% vs. 1H 2009)
* Consolidated adjusted EBITDA US$1,154 million (+147%)
* Net loss ...
2010-09-01 10:44:51 RUSAL to launch Russian Depositary Receipts Programme
UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces its intention to launch a Russian Depository Receipts (RDR) Programme and to arrange for the listing/the admission to trading of Russian Depository Receipts on CJSC “MICEX Stock ...
2010-09-01 10:35:51 Severstal announces changes to its Senior Management Team
OAO Severstal (LSE: SVST), one of the world’s leading integrated steel and mining companies, announces changes to its senior management team.
Alexander Grubman, currently CEO of Severstal Resources division, has been appointed as CEO of Severstal Russian Steel. Anatoly Kruchinin, ...
2010-08-31 11:01:44 Platts representative will give an overview of the world’s iron ore, steel, and cocking coals markets
Platts agency will become a partner of Russian Metal and Steel Market, 13th International Conference which will be held on November 8 in Moscow to usher the traditional autumn Metal Week in Moscow . Hector Foster, Platts Editor, will give the delegates of the conference an insight of the ...
2010-08-31 10:27:42 RUSAL announces management and structural changes
Moscow, 31 August 2010 – UC RUSAL Plc (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces the creation of RUSAL’s Department of Control, Internal audit and Business coordination, which will be headed by Tatyana Soina, who previously served as ...
2010-08-30 10:37:03 OMZ-Foundry Production completes reconstruction of gas treatment facilities
OMZ-Foundry Production, part of OMZ Group, has completed a major environmental project - technical re-equipment of gas treatment facilities in order to reduce the negative impact of industrial activities on the environment.
The construction of gas treatment facilities was provided by the ...
2010-08-30 10:33:14 Mechel announces signing cooperation agreement with FGC UES and RusHydro
Moscow, Russia – August 27, 2010 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and steel companies, announces signing a cooperation agreement with JSC Federal Grid Company of Unified Energy System (FGC UES) and JSC RusHydro (RusHydro), which regulates the ...
2010-08-27 15:17:47 Norilsk Nickel paid out dividends for 2009 in amount of USD 1.325 Bln
OJSC MMC Norilsk Nickel («MMC Norilsk Nickel» or «the Company») announces that payment of dividends in the total amount approved by the Annual General Meeting of Shareholders («AGM») was completed on June 28, 2010. As stated in the AGM resolution, 2009 ...
2010-08-27 10:59:15 Russian lead and zinc output increased and fell
Reportedly, lead and zinc outputs in Russia grew by 36.1% and 24.9% respectively in 1H 2010 as compared to the corresponding period of 2009. Zinc output in July 2010 grew by 9.7% compared to the corresponding period of 2009, while lead output fell by 13.8%. Zinc and lead outputs fell in July ...
2010-08-27 10:44:51 Severstal has announced financial results of its scrap procuring assets for Q1 2010
Reportedly, Severstal-Vtormet sold secondary materials for USD 42.3M in Q1 2010 which is 3.5 times more compared to the corresponding period of 2009. EBITDA index over the first 3 months of 2010 reached USD 2. 377k. When analyzing financial results for Q1 2010 we point out positive dynamics, ...
2010-08-26 10:37:24 Dividend Declaration
The Board of Directors of Novolipetsk Steel, NLMK (LSE: NLMK), the leading Russian steel producer, today recommended an interim dividend in respect of the first six months of 2010 of RUR 0.62 per ordinary share (1 Global Depositary Share = 10 ordinary shares).
Payment of the dividend is ...
2010-08-25 12:02:44 TMK has won tender for supplies of casing tubes to Vietnam
Reportedly, TMK has won three tenders for supplies of casing tubes to Vietnam and signed contracts for the total amount of $375 000 for taking tests which will allow to deliver in full in the future in case the tests are passed. Vietsovpetro, a Russian – Vietnamese joint venture ...
2010-08-25 10:31:16 Copper output in Russia grew in July
Reportedly, Russian refined copper output in the first seven months of 2010 exceeded the production result of the corresponding period of 2009 by 12.4%. A higher growth is registered in copper semis and alloys production: wire production grew by 25.7%, flats: 39.1% up, and foil: 70.1% up! The ...
2010-08-24 12:56:43 Non-ferrous metals output in Russia has increase raised since beginning of 2010
Reportedly, primary aluminium output in Russia grew by 100.6% in January – July 2010 as compared to the corresponding period of 2009. LME price for primary aluminium grew by 2.9% reaching $1 988 per a ton in July compared to June 2010. Refined copper output grew by 112.4% in January ...
2010-08-24 12:15:14 Tubes output raised in Russia by 38.5% in January - July 2010
Reportedly, 5 041k tons were of steel tubes were produced in Russia over the first seven months of 2010 which is 138.5% more compared to the corresponding period of 2009. Output by tube mills in January – July 2010 as compared to the corresponding period raised: Volzhsky Pipe Plant: 2.1 ...
2010-08-23 12:05:39 Metal-Expo at NLMK
Last week Metal-Expo delegation visited Lipetsk and Voronezh to take part in NLMK in the Russian Steel Market and Regional Steel Distribution and Steel Markets of Central Russia, 2 conferences organized by the Russian Union of Metal and Steel Suppliers . The delegates of the conferences ...