2018-01-18 15:09:30 IMH FY 2017 operational results
Industrial Metallurgical Holding (IMH), one of the world’s leading exporters of merchant pig iron and the leading merchant coke producer in Russia, reports its operational results for FY 2017.
Coking coal mined by IMH Coal division in 2017 increased to 2.83 mt., that is 28% more ...
2018-01-12 12:05:56 Mechel Reports Results of Ecological Awareness Year
Mechel PAO reports its results in the Ecological Awareness Year announced in Russia in 2017.
The Group’s production facilities implemented a series of large-scale projects in a bid to improve the ecological situation in the regions of its production and administrative operations. ...
2018-01-12 12:04:04 Metalloinvest announces new PXF deal
Metalloinvest (“the Company”), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has signed an agreement with a сlub of banks for a USD 240 mn pre-export finance facility (the “PXF-2018”). New PXF has ...
2018-01-12 12:01:58 NLMK Group introduces SAP S/4HANA for Industry 4.0 solutions, first in the CIS
NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, is the first steelmaking company in the CIS to introduce new generation SAP S/4HANA business suite. This platform will not only streamline current business processes but also enable ...
2017-12-29 10:05:43 RUSAL reveals top 10 events of 2017
RUSAL has presented a list of the Company’s most important events and achievements in 2017.
The achievements form part of the Company’s key deliverables and demonstrate its strategy in action, which is to enhance RUSAL’s operational efficiency and environmental ...
2017-12-27 16:15:45 Norilsk Nickel signs a 5-year usd 2.5 billion syndicated facility agreement with international banks
PJSC MMC Norilsk Nickel announces the signing of a 5-year USD 2.5 billion facility agreement with the syndicate of international financial institutions.
Taking advantage of the current market conditions the Company achieved favorable terms of the syndicated loan supported by the ...
2017-12-26 12:58:33 LMZ SKAD lifts aluminium wheels production by 27% in 2017
RUSAL acquired a share of LMZ SKAD, one of the leading alloy wheels manufacturers in Russia, in April 2017. Following the acquisition, the implementation of RUSAL’s Production System and efficient processes have improved SKAD’s major business operations alongside the expansion of ...
2017-12-25 15:03:24 Metalloinvest and OMK summed up their cooperation results for 2017
Metalloinvest and the United Metallurgical Company (“OMK”) held a Coordination Committee meeting dedicated to their performance in 2017 and next year planning. The meeting held at JSC Ural Steel (part of Metalloinvest) was attended by Andrey Prosyanik, the domestic sales director ...
2017-12-25 15:01:46 Mechel Reports Izhstal Getting Export Loan from Eximbank of Russia
Mechel PAO (MOEX: MTLR; NYSE: MTL), one of the leading Russian mining and metals companies, reports that Mechel Group’s Izhstal PAO and State Specialized Russian Export-Import Bank (joint-stock company) (Eximbank of Russia) (part of the Russian Export Center) signed a loan agreement ...
2017-12-25 14:53:46 NLMK shareholders approve 3Q 2017 dividends and adopt revised versions of statutory documents
At the Extraordinary General Shareholder Meeting (EGM) held on 22nd December, NLMK shareholders approved payment of 3Q’17 dividends of RUB 5.13 per share.
The date upon which the shareholders entitled to 3Q’17 dividends will be determined was set as 9th January 2018. ...
2017-12-20 09:52:47 Environmental responsibility programs of the Russian Copper Company are presented to the UN
During a tour of the ECOTECH 2017 Exhibition, RF Minister of Natural Resources and Environment Sergey Donskoy and Honorable Forum delegate, UN Deputy Secretary General, Executive Director of the United Nations Program for the environment Erik Solheim visited the RCC stand. The Minister ...
2017-12-18 14:50:59 RCC receives an award for environmental activities in 2017
Karabashmed JSC (a subsidiary of RCC Group located in Karabash, Chelyabinsk region) has received an award of the Ministry of Natural Resources and Environment of Russia for a successful implementation of measures specified under an Agreement signed as part of the Year of the Environment in ...
2017-12-13 10:12:13 RUSAL sets up the infrastructure for data center at NAZ
RUSAL starts its data center project development at its Nadvoitsy Aluminium Smelter in the Republic of Karelia.
The data center will focus on providing IT services, including solutions for big data analysis, machine learning, and cryptocurrency mining-related operations.
AA!LAB ...
2017-11-23 10:35:19 Aluminium wiring returns to the Russian market
RUSAL announces that aluminium alloys 8030 and 8176 have been successfully approved by Russian authorities for the use in electrical wiring applications. This approval opens up new market opportunities for aluminium.
The Ministry of Energy of the Russian Federation has approved the ...
2017-11-21 10:52:12 RCC Takes Part in Russian-UK Raw Materials Dialogue
The Russian Copper Company presented its Smart Copper corporate production standard at the 1st Russian-UK Raw Materials Dialogue Trust and Cooperation — the Major Elements of Sustainable Development in St Petersburg.
Natalia Gonchar, RCC’s Director for EHS, discussed ...
2017-11-09 10:38:04 Nornickel starts hot commissioning at Bystrinsky GOK
PJSC MMC Norilsk Nickel has launched hot commissioning operations at Bystrinsky GOK (Bystrinsky mining and processing plant).
Bystrinsky GOK is located in the Gazimuro-Zavodsky District of Trans-Baikal Territory, 350 km from Chita. This area is home to the large Bystrinsky ...
2017-11-07 10:57:12 UC RUSAL to supply more than 500 tonnes of aluminium to upgrade Moscow’s tram fleet
UC RUSAL will be supplying approximately 510 tonnes of aluminium to be used in the production of aluminium tram interiors. As part of the project, UC RUSAL will provide aluminium for a total of 300 tram interiors. This is the world’s largest contract to purchase trams for a single ...
2017-11-03 11:25:44 TMK presented new strategy to 2027 at its Capital Markets Day in London
PAO TMK ('TMK' LSE: TMKS) (the “Company”, the “Group”), one of the world's leading producers of tubular products for the oil and gas industry, presented its new ten-year strategy to 2027 and an update on performance at its 5th annual Capital Markets Day in London. ...
2017-11-03 11:21:15 Mechel Signed Long-Term Coal Supply Contract with Itochu Corporation
Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itochu Corporation.
The agreement stipulates that Mechel is due to supply Itochu Corporation with up to 300,000 tonnes ...
2017-11-03 11:15:53 NLMK ramps up PCI in BF Shop No.2
NLMK Group’s flagship production site, has completed guarantee testing of pulverized coal injection (PCI) technology at Blast Furnace No. 6 (with a capacity of 3.1 million tonnes per year), and at Blast Furnace No. 7 (with a capacity of 4.3 million tonnes per year). Tests confirmed ...
2017-11-03 10:30:04 Tominskiy Processing Plant Lays Foundations of the Production Facilities
The Tominskiy Processing Plant (Sosnovsky District, Chelyabinsk Region) has launched the construction of the main building of a plant and other production and auxiliary facilities. When completed, the plant will comprise 17 permanent buildings and facilities.
The Tominskiy Processing ...
2017-11-02 10:28:28 Kyshtym Copper Electrolytic Plant Boosts Cathode Output by 8.6% from January to September
The Kyshtym Copper Electrolytic Plant (Kyshtym, Chelyabinsk Region, a subsidiary of the Russian Copper Company) has released its production results for the first 9 months of 2017. During that time, the plant produced over 97,128 tons of cathodes, or 8.6% more than in the same period last ...
2017-11-01 10:23:36 Mikheevskiy Ore Mining and Processing Plant to Increase Copper Concentrate Extraction to 90%
The Mikheevskiy Ore Mining and Processing Plant (Varnensky district, Chelyabinsk region) plans to adopt a three-stage ore grinding technology which will produce finer ore particles than the existing two-stage crushing equipment.
The separation of tiny impregnated copper particles from ...
2017-10-27 13:04:14 TMK highly appreciated advantages of Metalloinvest’s HBI usage
Dmitry Pumpyanskiy, Chairman of the Board of Directors of TMK, and Alexander Shiryaev, CEO of TMK, have visited Lebedinsky GOK and OEMK (part of Metalloinvest).
During the visit, the management team of TMK learned about the production process of hot briquetted iron (HBI).
During ...
2017-10-27 12:00:12 Severstal announces sale of Dneprometiz
Severstal announces that its subsidiary Cambay Services Ltd has completed the sale of its wholly-owned subsidiary Dealzone Holding Ltd which holds the 98.6% stake in Dneprometiz. Located in Dnepr, Dneprometiz is a Ukrainian business and former subsidiary of Severstal-metiz, the group of ...
2017-10-27 10:53:59 Q3 and 9m 2017 NLMK Group consolidated financial results under IFRS
NLMK Group (MICEX and LSE: NLMK) is pleased to announce a 64% sequential growth in free cash flow in Q3 2017, to $533 m, and a 7% growth in EBITDA to $648 m.
Group revenue in Q3 totalled $2.55 bn (flat qoq), driven by higher sales (+1% qoq) and 100% steelmaking capacity utilization ...
2017-10-20 13:05:53 New EcoSoderberg pilot site is launched at IrkAZ
RUSAL, a leading global aluminium producer, today announces the launch of an experimental reduction area at the Irkutsk Aluminium Smelter, which will operate under the EcoSoderberg technology. The total amount of investment in the project amounted to 540 million roubles.
Implementing ...
2017-10-20 13:01:47 Metalloinvest starts pilot operation of concentrate intake facility at Mikhailovsky GOK
Metalloinvest has started pilot operation of the concentrate intake facility at Mikhailovsky GOK. The Company has invested 1.3 bn roubles in the project.
The maximum design capacity of the facility is 3.2 mn tonnes of concentrate per year. During the facility’s pilot operation, ...
2017-10-20 13:00:51 Alexey Mordashov reelected as member of World Steel Association executive committee
The Board of Directors of the World Steel Association (Worldsteel) has elected Alexey Mordashov, Chairman of PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, as a member of the association’s 2017/2018 executive committee at ...
2017-10-20 12:54:34 Murmansk Regional Duma deputies visit Kola MMC
Members of the Murmansk Regional Duma have held an on-site meeting at Kola MMC that focused on the company’s environmental protection policy and improvement in environmental performance.
The deputies reviewed the company’s environmental efforts and the progress of the ...
2017-10-20 12:53:12 IMH 3Q & 9M 2017 operational results
Industrial Metallurgical Holding (IMH), one of the world’s leading suppliers of merchant pig iron and the biggest merchant coke producer in Russia, announces its operational results for 3Q and 9M 2017.
Production of coking coal by the Coal division for 9 months of 2017 amounted ...
2017-10-17 11:53:14 EVRAZ Q3 Production Report
EVRAZ plc (LSE: EVR; “EVRAZ” or the “Group”) today released its operational results for the third quarter of 2017.
Q3 2017 vs Q2 2017 OPERATIONAL HIGHLIGHTS:
Consolidated crude steel output increased by 5.9% quarter-on-quarter to 3.5 million tonnes in Q3 ...
2017-10-17 10:23:30 MMK Aims Quarterly Dividend Payments
MMK Aims Quarterly Dividend PaymentsThe Board of Directors of PJSC Magnitogorsk Iron and Steel Works (“MMK” or “the Company”, ticker: MMK: LI) on 16 October 2017 approved a resolution to convene an extraordinary general meeting of shareholders (EGM) with absentee ...
2017-10-13 11:59:26 NLMK VP Receives Adolf Martens Award for Ultrahigh-Strength Steel Research
Dr. Bruno Charles De Cooman, NLMK Group Vice President for Research and Development, has been awarded the prestigious Adolf Martens Memorial Steel Lecture for his research into the properties of ultrahigh-strength steels.
The award ceremony took place on 10 October at the Material ...
2017-10-13 11:58:27 Metalloinvest’s HBI-3 Plant recognised as the best investment project in 2017
Metalloinvest’s third hot briquetted iron (HBI) production facility, HBI-3 Plant, has won the 'Investment Project of the Year' prize at the Russian Mining Excellence Awards 2017; HBI-3 Plant was launched at Lebedinsky GOK in July thisyear. The awards ceremony took place at MINEX Russia ...
2017-10-12 16:59:10 Severstal introduces digital predictive model to prevent failures at mill-2000
Cherepovets Steel Mill, one of the world’s largest integrated steel plants (part of Severstal’s Russian Steel division), has launched the commercial operation of a digital predictive model to prevent failures at the hot rolling mill 2000 and thereby reduce its downtime. This ...
2017-10-10 14:47:24 Metalloinvest signs new credit facility agreements
Metalloinvest (“the Company”), a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, has signed two long-term credit facility agreements with ING Bank guaranteed by export credit agencies (ECA). The funds will ...
2017-10-10 14:44:21 Severstal reports Q3 & 9M 2017 operational results
PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q3 & 9M 2017.
Hot metal output remained almost unchanged at 2.23 mln tonnes (Q2 2017: 2.24 ...
2017-10-03 15:47:00 MMK EGM approves dividends for H1 2017
PJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company”) announces that an Extraordinary General Meeting of shareholders was held on 29 September 2017 (“the EGM”) with absentee voting.
Shareholders approved by majority vote a dividend on ...
2017-10-03 14:14:03 Norilsk Nickel’s Shareholders approved dividends for 6 months of 2017
The extraordinary general meeting (EGM) of shareholders of PJSC «MMC Norilsk Nickel», the world’s largest producer of refined nickel and palladium, held on September 29, 2017, approved the interim dividend for the six months of 2017 in the amount of RUB 224.20 ...
2017-09-29 15:05:10 “Orenburg radiator” increased its sales
“Orenburg radiator” (enterprise of automotive industry of UMMC) increased sales up to 834.16 mln.rub for the first half of 2017. This indicator is 20% higher comparing to similar period last year. Largest sales growth is in the segment of radiators and intercoolers (by 36.8%), as ...
2017-09-29 15:03:21 A new induction furnace is used for gold casting at the “Uralelektromed”.
In the refining department of Chemical Metallurgical plant of JSC “Uralelektromed” (UMMC metallurgical enterprise), a new high efficiency induction unit was launched. The equipment is designated for casting gold into bullions. Its cost totaled 2.8 mln.rub.
According to the ...
2017-09-29 14:57:57 NLMK closes its U.S. $500 million 7-year Eurobond offering
NLMK (LSE: NLMK), the largest steel producer in Russia and a leading international steel company, today announces the closing of its U.S.$500 million 7-year Eurobond placement with an annual coupon rate of 4.00%. Interest payments on the Eurobonds are payable semi-annually.
The ...