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 ...
2007-09-10 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 ...
2007-09-07 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 ...
2007-09-06 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 15:11:19 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 15:03:42 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 ...