2013-06-20 12:43:19 Severstal to supply pipes for the Power of Siberia project
Alexey Mordashov, Severstal's CEO, announced at a meeting of representatives from Russian pipe manufacturers hosted by Gazprom at the Izhora Pipe Mill that OAO Severstal's St. Petersburg-based operations, the Izhora Pipe Mill and Mill 5000 at the Cherepovets Steel Mill's 3rd Sheet-Rolling ...
2013-06-20 11:44:39 Mechel announce 1Q 2013 financial results
Mechel OAO, a leading Russian mining and steel group, announced financial results for the 1Q 2013. Mr Evgeny Mikhel CEO of Mechel OAO said that “The Q1 was marked by an important step forward toward optimizing Mechel’s asset structure. We disposed of Romanian steelmaking assets, ...
2013-06-19 15:03:27 Mr Putin expects extra measures stimulating economy from goverment
Mr Vladimir Putin president of Russian said that he expects the government to take extra measures to stimulate the national economy in the near future, but Russia is not going to start a currency emission process.
Mr Putin said that "I hope the Russian government, after our ...
2013-06-07 11:13:02 Shareholders of MMC Norilsk Nickel approved dividends
MMC Norilsk Nickel (hereinafter – ‘Norilsk Nickel’ or ‘the Company’), the largest global nickel and palladium producer, announces today that its Annual General Meeting of Shareholders (the AGM) approved the consolidated 2012 IFRS financial reports and dividends ...
2013-06-04 17:22:04 NLMK and Siemens in three-year cooperation agreement for the supply of steel products
NLMK Group and Siemens have signed a three-year agreement on technical cooperation for the supply of NLMK-produced steel products to the Germany-based company.
The agreement was signed by representatives of the companies at an extended meeting of the Siemens Management Board held in ...
2013-05-01 06:02:53 Chelyabinsk Zinc Plant increases sales on the Russian market
Chelyabinsk Zinc Plant, Russia’s largest producer of zinc and zinc alloys, is pleased to announce its production results for the three months, ended March 31, 2013.
Chelyabinsk Zinc Plant (CZP) produced 41,878 tonnes of salable SHG zinc and zinc based alloys in Q1 2013, an ...
2013-04-16 13:51:11 Mechel Announces Signing Agreement with Baosteel
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces signing a memorandum of understanding with Baosteel Resources Int. Co. Ltd.
During the official visit of Russia’s First Deputy Prime Minister Igor Shuvalov to Beijing, ...
2013-04-15 13:55:32 EVRAZ Prices U.S.$1 Billion Notes Issue
Evraz Group S.A., a wholly owned subsidiary of EVRAZ plc, together with EVRAZ plc announce that Evraz Group S.A. has priced an issuance of U.S.$1 billion notes due 2020 with a coupon of 6.50% per annum (the "Notes"). The Notes will be issued by Evraz Group S.A.
Closing and ...
2013-04-12 07:14:38 Mechel reports delivery of first cargo of quartzites from Uvatsk Deposit
Mechel reports the launch of constant operation at the Uvatsk quartzite deposit and delivery of the first batch of raw materials from the deposit to Bratsk Ferroalloy Plant.
Approximately 680 tonnes of quartzite mined at the deposit were delivered to Bratsk Ferroalloy Plant in March ...
2013-04-11 14:46:59 UC Rusal and Omen to establish joint venture to produce automotive components
UC Rusal announces the signing of a memorandum of understanding with Israeli company Omen High Pressure Die Casting (Omen), which specializes in the production of automotive components from non-ferrous metals. Together the companies intend to create a joint venture (JV) in Russia to produce ...
2013-04-11 13:51:09 Mechel signed loan agreement with VTB
Mechel announces signing an agreement with VTB Bank for a 40-billion-ruble (approximately 1.3-billion-dollar) loan. The total of VTB Bank’s loaned funds will be used to refinance Mechel Group’s current debt, so this loan will not increase its credit portfolio. 25 billion rubles ...
2013-04-11 12:35:22 MMK Substantially Increases Shipments to Bridge-Building and Shipbuilding Sectors
In 2012 Magnitogorsk Iron & Steel Works (MMK) significantly increased the volume of its shipments to Russian enterprises engaged in shipbuilding and bridge building.
Shipbuilding steel is unique in its high level of resistance to corrosion, low-temperature toughness and ...
2013-04-05 11:44:27 Mechel Receives Lenders’ Approval on Waivers and Amendments to Credit Facilities
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces reaching an agreement with an international syndicate of lender banks on getting approval for waivers and amendments to certain major credit facilities.
Mechel’s talks with ...
2013-04-03 11:47:00 METALLOINVEST signs social partnership programme for 2013 with Belgorod region administration
METALLOINVEST (the “Company”), a leading global iron ore and HBI producer based in Russia, has signed a social partnership programme for 2013 with the Belgorod region. The programme is an extension of the long-term Social and Economic Partnership Agreement signed in 2011 ...
2013-04-02 11:49:38 Metalloinvest announces financial results for the full year 2012
METALLOINVEST (“the Company”), a leading global iron ore and HBI producer, today announces its audited financial results reported under IFRS for the full year ended December 31, 2012.
FINANCIAL HIGHLIGHTS
Revenue USD 8,194 mn (-17.4% y-o-y ) ...
2013-04-01 14:19:53 A Chinese company plans to build an aluminum complex in Russia
Chansu Aluminium Company exploring opportunities for building complex for the production of alumina and primary aluminum in Russia, said a company spokesman.
According to him, as potential regions for the complex placing is the Eastern Siberia and the Far East. Although they havent ...
2013-03-28 11:46:49 Mechel OAO Announces Early Redemption of Bonds at Total Sum of 5 Billion Rubles
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces its decision to make an early redemption of its 05 series bonds.
On March 27, 2013 Mechel OAO decided on early redemption of its 05 series non-convertible interest-bearing ...
2013-03-27 11:51:39 NLMK passes audit to participate in Nord Stream
NLMK has successfully passed an audit conducted by Det Norske Veritas (DNV), a Norwegian certification agency, to become a potential supplier of slabs for large-diameter pipe manufacturing for the Nord Stream Extension Project (NEXT).
DNV audited NLMK’s production ...
2013-03-25 11:04:12 Rusal and Chalco to deepen cooperation in aluminium business
Rusal and Aluminium Corporation of China (Chalco) announce signing of a Memorandum of Understanding (MOU) detailing the intent to cooperate in areas such as R&D of new technologies in the aluminium industry, development of bauxite resources and investments in integrated hydro powered ...
2013-03-22 13:19:45 METALLOINVEST and Severstal announce signing of long-term contract
METALLOINVEST (the “Company”) and OAO Severstal (“Severstal”) today announced the signing of a three year contract for the supply of iron ore raw materials. The contract stipulates a total volume of iron ore concentrate shipments of approximately 3 million ...
2013-03-22 13:16:28 Alexei Mordashov’s Participation in Russian Business Week
Alexei Mordashov, General Director of OAO Severstal, one of the world’s leading vertically integrated steel and mining majors and Chairman of the Committee for Integration, Trade and Customs Policies and WTO in the Russian Union of Industrialists and Entrepreneurs (RUIE), gave ...
2013-03-22 11:41:27 Mechel announces signing agreement with Baosteel
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that its subsidiary Mechel Carbon (Singapore) Pte. Ltd. has signed a memorandum for supplies of coking coal with Baosteel Resources Int. Co. Ltd., Baosteel Group Corporation's wholly-owned subsidiary ...
2013-03-21 11:47:12 Severstal Announces That Steel Capital S.A. Closes Issue of Loan Participation Notes
Severstal Announces That Steel Capital S.A. Closes Issue of Loan Participation Notes
OAO Severstal announced today the successful closing and issuance by Steel Capital S.A., an affiliated company of OAO Severstal, of its US$600,000,000 4.45% loan participation notes due 2018 (the ...
2013-03-20 11:39:00 Mechel Celebrates 10th Anniversary
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, celebrates the 10th anniversary of the Group’s founding in 2003.
Mechel, which originated with a few production assets, including Chelyabinsk Metallurgical Plant and Southern Kuzbass Coal Company, now ...
2013-03-19 11:49:56 OMK Announced as the Best Pipe Producer in Oil and Gas Industry
The United Metallurgical Company (CJSC OMK, Moscow) was announced as the best pipe producer in the oil and gas industry in 2012. The awards ceremony was held on March 14, 2013 in Moscow at Neftegazsnab 2013, the 8th annual conference. Marketing Director Ilya Kolomeets received the award on ...
2013-03-19 11:47:18 IIBG to begin preliminary feasibility study for proposed granulated iron project in Canada
International Iron Beneficiation Group Limited (IIBG), an affiliate of OAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, has launched a preliminary feasibility study to consider the viability of building a granulated iron ...
2013-03-19 11:46:10 TMK Announces New Appointments
TMK announces the appointment of Sergey Chetverikov, previously Managing Director of Sinarsky Pipe Plant, to the position of Managing Director of Volzhsky Pipe Plant. Alexander Lyalkov, who concurrently held the positions of Managing Director of Volzhsky Pipe Plant and Senior ...
2013-03-15 13:22:00 METALLOINVEST announces appointments to newly formed Board committees
METALLOINVEST announces that its Board of Directors has approved the composition of two newly formed committees.
The Finance, Budgeting and Strategy Committee comprises the following members:
Ivan Streshinsky, Non-Executive Director (Chairman of the committee) ...
2013-03-15 12:40:16 Mechel Announces Management Changes
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces a new executive appointment.
Andrey Kocherov, 39, is appointed Mechel OAO’s Vice-President for Public and Investor Relations.
Mechel OAO’s Chief Executive Officer Evgeny Mikhel ...
2013-03-15 12:35:05 TMK Launches Production of Super-Chrome Steel VIT
TMK, a leading global manufacturer of tubular products for the oil and gas industry, has shipped the first pilot batch of vacuum insulated tubing (VIT) made of 13CrS steel (super-chrome steel) for Gazprom’s Bovanenkovo oil and gas condensate field on the Yamal peninsula. The quantity ...
2013-03-15 12:32:32 OMZ Spetsstal passed planned examination by American Bureau of Shipping
OMZ Spetsstal, part of OMZ Group, succeeded to pass planned examination of blacksmithery production for shipbuilding. The procedure has been conducted by American Bureau of Shipping (ABS).
ABS classification society founded in 1861 is a member of International Association of ...
2013-03-15 11:57:50 UC RUSAL suspends aluminium production at the ALSCON smelter
UC RUSAL (SEHK: 486; Euronext: RUSAL/RUAL; Moscow Exchange: RUALR/RUALRS), the world’s largest aluminium producer, announces the decision of ALSCON Board of Directors to temporarily suspend the smelting operations at the plant.
During the meeting on 11 March ...
2013-03-14 13:23:00 OEMK passed compliance audit
Oskol Electrometallurgical Plant (OEMK) confirmed compliance of its occupational health and safety management system with OHSAS 18001:2007 standard. Experts of Bureau Veritas, a certification body, conducted a compliance audit during the period from 26 February to 01 March.
The ...
2013-03-11 17:29:29 Shareholders of Norilsk Nickel elected new Board of Directors
Shareholders of OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) have voted in favor of early termination of powers of the Company’s Board of Directors and elected a new Board of Directors in the course of today’s Extraordinary General Meeting of ...
2013-03-06 09:41:33 Results of NLMK Board of Directors meeting
NLMK (LSE: NLMK), one of the leading global steel companies, announces the results of its Board of Directors meeting held on March 05, 2013. The Board has approved the following list of candidates to be voted on at the 2013 General Shareholder Meeting:
Candidates to be elected ...
2013-03-05 11:05:06 UC RUSAL Board of Directors approves aluminium production capacity optimisation programme for 2013
UC RUSAL (SEHK: 486; Euronext: RUSAL/RUAL; Moscow Exchange: RUALR/RUALRS), the world’s largest aluminium producer, announces that its Board of Directors has approved the decision to reduce the primary aluminium production at the Company’s smelters by 300,000 tonnes by the ...
2013-03-05 11:01:05 NLMK reports continued environmental improvements
In 2012, Novolipetsk, NLMK’s main production site in Lipetsk, completed 120 environmental projects as compared to 100 in 2011, with investments totaling approximately RUB 1.3 billion as compared to RUB3.9 billion in 2011. As a result, even with the 25% increase in steel ...
2013-03-01 16:52:50 March order book completed at the Cherepovets Steel Mill
Cherepovets Steel Mill (“the company”), part of Severstal Russian Steel, a division within OAO Severstal, one of the world’s leading steel and steel-related mining companies, has already completed its order book for March and has employed its rolling facilities at ...
2013-03-01 14:57:51 NLMK approves upstream efficiency enhancement programme at main production site
In February 28, 2013, NLMK Group (LSE: NLMK), a leading global steel producer, held a management board meeting at its main production site in Lipetsk. The management board approved a business process improvement programme for its flagship Lipetsk site to further enhance the ...
2013-02-25 15:27:07 Coated steels processing shows good dynamics
Steel processing including coated steels forms a large segment in the steel industry. Consumption of galvanized and polymer coated steels grows every year in Russia (the marked capacity exceeded 5Mt in 2012). A major part of coated rolled products is processed into high conversion products ...
2013-02-15 10:32:07 Vorkutinskaya resumes production
This morning production restarted at the Vorkutinskaya mine, except for one affected area that will remain suspended for 90 days as dictated by the Russian Federal Service for Environmental, Technical and Nuclear Supervision.
Normal production has resumed across the rest of the mine. ...
2013-02-14 10:57:51 TMK Announces New Appointments
TMK announces the appointment of Alexander Lyalkov, Senior Vice-President of TMK, as Managing Director of Volzhsky Pipe Plant. Elena Blagova, Managing Director of Volzhsky Pipe Plant since 2007, shall join TMK Management Company to take responsibility for new projects. ...
2013-02-13 16:35:48 Acquisition of 100% of MMK-Trans completed
Globaltrans Investment PLC (“Globaltrans” or the “Company”, and together with its consolidated subsidiaries, the “Group”; LSE ticker: GLTR) today announces that it has completed the acquisition of 100% of OOO MMK-Trans (“MMK-Trans”) for ...