2012-02-15 10:17:46 Norilsk Nickel continues the development of its overseas operations
Capetown, February 7, 2012 – MMC Norilsk Nickel’s delegation (the Company or the Group), headed by Roman Panov, the Director of Overseas Operations Department, took part in an international forum “Mining Indaba – 2012”, which is held annually in South Africa ...
2012-02-15 10:16:29 NLMK USA sets new records in production and quality
NLMK’s plant at NLMK Indiana has ended 2011 setting 10 new production records. In the Melt Shop, a new annual tonnage record of 672,756 cast tons* produced with an average tap to tap time of 71.31 minute was achieved, +1.6% compared to 2010’s tonnage record. Capacities were ...
2012-02-15 10:14:25 Mechel closed books on placement of Bo-04 Series stock bonds at a sum of 5bn rubles
Mechel, one of the leading Russian mining and metals companies, announces successful closure of the books for the placement of its BO-04 series bonds. The funds procured by the placement will be used to re-finance short-term debt facilities.
On February 10, 2012 Mechel OAO closed the ...
2012-02-14 10:37:41 RUSAL to start recycling wastes at UAZ in 2014
RUSAL, the world’s largest aluminium producer, is pleased to announce the launch of a new alumina production waste recycling technology test run, which will result in the construction of a prototype facility at the Urals aluminium smelter (UAZ). The facility's recycling capacity is ...
2012-02-14 10:31:21 MMK wins award in “Best Russian Companies. Growth, Efficiency, Responsibility” competition
MMK won first place in the nomination “Social programs for employees, supporting motherhood and childhood” in recognition of the Company’s achievements in the area of corporate social responsibility in 2011.
The annual award, which is granted by the Russian Union of ...
2012-02-13 12:25:03 Norilsk Nickel continues implementation of its project in Chita
Norilsk Nickel announces the start of design works on Bugdainskiy Mining and Concentration Plant (Bugdainskiy MCP).
The contract with designing company was signed on December 9, 2011.
On August 01, 2011, the Company sent an official request to seven leading designing and ...
2012-02-13 12:23:00 Severstal's environmental policy voted best amongst russian companies
Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, has won the award for Environmentally Responsible Business organized by the Russian Union of Industrialists and Entrepreneurs. The award was presented during Russian Business Week in ...
2012-02-13 12:19:44 Mechel reports suspension of work at Several facilities at New-Olzherassk Mine
Mechel, one of the leading Russian mining and metals companies, reports that work was temporarily halted at several facilities at New-Olzherassk mine which is part of Southern Kuzbass Coal Company.
Following a check conducted by the Mezhdurechensk territorial branch of the Southern ...
2012-02-03 10:23:43 RF Supreme Commercial Court and Constitutional Court Support NLMK
The Constitutional Court and the Supreme Commercial Court of the Russian Federation have supported NLMK’s position regarding the unlawfulness of the award issued by the International Commercial Arbitration Court (ICAC) at the Chamber of Commerce & Industry (CCI) of the Russian ...
2012-02-03 10:20:58 Cherepovets Steel Mill increased strip deliveries to Russian pipe makers in 2011 by 5%
Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its Cherepovets Steel Mill, part of the Severstal Russian Steel Division and one of the world's largest standalone integrated steelworks by capacity, increased deliveries ...
2012-02-03 10:03:00 RUSAL to increase its stake in Yaroslavsk GRK to 100%
RUSAL, the world’s largest aluminium producer, is pleased to announce that it has entered into an agreement to acquire 50% of OOO “Yaroslavsk GRK” (Yaroslavsk Mining Company) from Russian Mining Company (RGRK). Following completion of the deal, Yaroslavsk GRK will be 100% ...
2012-02-02 10:01:49 TMK makes first shipment of vacuum insulated tubing to Gazprom
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, becomes the first manufacturer in Russia to produce vacuum insulated tubing (VIT). The company has now made its first shipment of VIT to Gazprom for the use in the Bovanenkovskoye gas condensate ...
2012-02-02 10:01:00 Lipetsk main site summarizes the results of its environmental project implementation
In 2011 the main production site in Lipetsk of NLMK allocated approximately RUR 4 billion on environmental protection projects. To date, around 100 environmental projects aimed at revamping and upgrading process equipment and operations have been completed.
Despite reporting a 5% ...
2012-02-01 10:12:50 Afferro Mining Inc. approves sale of 38.5% stake in Putu Iron Ore Project in Liberia to Severstal
OAO Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that the shareholders of Afferro Mining Inc. have today approved the sale of its 38.5% interest in the Putu iron ore project in Liberia to Lybica Holding B.V., the ...
2012-02-01 10:01:00 Users and importers of steel products from 60 world countries visited Metal-Expo'2011
Metal-Expo Management has published Metal-Expo’2011 visitors’ outlook provided by an independent specialized company. According to the outlook representatives of 61 countries of the total of some 250 world countries visited Metal-Expo’2011.
Russia accounts for the ...
2012-01-31 10:16:44 NLMK trading update for Q4 2011
NLMK Group’s steel production in Q4 2011 amounted to 3.2 million tonnes (+9.6% quarter-on-quarter). The Group’s steelmaking facilities were running at about 91% (97% at the Lipetsk production site; 56% at the Long Products Division; and 74% at NLMK’s international divisions, ...
2012-01-31 10:02:00 Metal-Expo’2012: November is on the doorstep
Right after the end of the New Year and Christmas holidays Metal-Expo Management began arranging exposition of Metal-Expo’2012 International Industrial Exhibition . Metal-Expo Management expects more than 700 companies from 35 countries to participate this year.
Already in ...
2012-01-30 10:21:36 OMZ signs a contract on delivery of oil processing equipment to Novokuybishevskiy refinery
OMZ concluded a contract to supply equipment for Novokuybishevskiy oil refinery, which enters Rosneft.
In the framework of the contract Izhorskie Zavody, part of OMZ Group, will produce heavy reactor equipment for combined plant, which is under construction at refinery Novokuibyshevskiy ...
2012-01-30 10:18:41 Moody's upgrades EVRAZ to Ba3, stable outlook
EVRAZ welcome the upgrade by Moody's Investors Service of Evraz Group S.A.’s corporate family rating (CFR) to Ba3 from B1. The outlook of the rating was changed to stable from positive. Concurrently, the senior unsecured rating of Evraz Group's notes was upgraded to B1 from B2. ...
2012-01-27 11:17:09 Samara region and Renova sign agreement for modernizing Kurumoch Airport
As reported on Renova official website the government of the Samara Region and the Renova Group have signed an investment agreement for reconstructing and modernizing the Kurumoch Airport in Samara, an Interfax correspondent at the signing ceremony reported.
Samara Governor Vladimir ...
2012-01-27 10:39:27 OMZ-Special Steels completes installation a of vertical heat-treatment furnace
OMZ-Spesial Steels, part of OMZ Group, has completed construction of the new heat-treatment furnace.
The new shaft electric furnace of the vertical type is used for heating by normalizing, hardening and drawing of workpieces of turbo-generator rotors of steam turbines, propeller shafts ...
2012-01-26 10:28:45 TMK announces 4Q and full-year 2011 production results and trading update
The following contains forward looking statements concerning future events. These forward looking statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties.
OAO TMK (“TMK” or “the Company”), ...
2012-01-26 10:26:56 IZ-KARTEX delivers its 500th excavator EKG-10
IZ-KARTEX plant, part of OMZ Group, delivered its 500th excavator EKG-10.
EKG-10s operating weight is 400 tons, bucket capacity is 10 cubic meters. This is the most popular model of excavators, produced by IZ-KARTEX. The share of EKG-10 in the total number of excavators produced in ...
2012-01-25 10:50:24 MMK appoints Deputy CEO on Finance and Econimics
According to the Order of MMK CEO Boris Dubrovsky, Alexander Andrianov was appointed Deputy CEO on Finance and Economics (CFO).
Andrianov, born 1966, is a graduate of Leningrad State Technical University (1992) and Moscow State Academy of Management (1995). In 2003 he got a diploma from ...
2012-01-25 10:13:25 Mechel reports 2011 operational results
Production and sales for 2011
Production:
Product name
201 1, thousand tonnes
2010, thousand tonnes ...
2012-01-24 12:03:59 NLMK’s Long Steel Division re-launches Electric Arc Furnace N1
NLMK reports that NSMMZ, its Urals based Long Steel Division steelmaking facility has successfully re-launched the second 1.1 mtpy Electric Arc Furnace (EAF) at its Revda steelmaking facility, following repairs to a transformer at the plant since mid 2011.
The equipment has passed all ...
2012-01-23 10:03:00 RUSAL installed unique equipment at Krasnoyarsk aluminium smelter to broaden range of alloys
RUSAL, the world’s largest aluminium producer, announces the development and launch of a unique magnetic hydrodynamic mixer which will enable the Krasnoyarsk aluminium smelter’s cast house to extend its alloy product range. The cost of the new equipment amounts to USD 2 million. ...
2012-01-20 11:04:10 Arinoy continues developing stainless tubes production
Arinoy Group continues developing welded stainless tubes production facilities. In his interview to Metal Supply & Sales, M. Khoruzhy, Sales Director said that the sixth mill for the production of tubes of 6-22mm in dia. and wall thickness 0,4-2 mm and a hollow sections polishing line had ...
2012-01-20 10:01:00 Norilsk Nickel develops own cobalt production
Norilsk Nickel began to implement own cobalt production line construction project. As the result the Company shall create the only Russian industrial production line of highest grade cobalt electrolyte, world class high quality product.
At the moment, the main cobalt product of Cobalt ...
2012-01-19 10:18:09 Expert RA rating agency gives OMZ the A level “high level of credit status”
Expert RA rating agency confirmed credit status of ОАО OMZ at Level A (high level of credit status).
Among the factors that had a positive effect on the rating, agency analysts attributed the growth of OMZ capital 46% during the period from December 31, 2008 to June 30, 2011, and the ...
2012-01-18 10:35:27 RUSAL successfully completes discussions regarding amendments to the terms of its credit facilities
RUSAL, the world’s largest aluminium producer, is pleased to announce the completion of negotiations with its lenders regarding an option to introduce a covenant holiday in 2012-2013.
RUSAL has agreed with its lenders to amend the current terms of the credit facilities to better ...
2012-01-18 10:30:29 EVRAZ Q4 2011 and FY 2011 operational results
EVRAZ released its operational results for the fourth quarter of 2011 and full year 2011.
FY 2011 HIGHLIGHTS:
Crude steel production grew by 3% compared to FY2010 mainly due to an increase in volumes in the Czech Republic, resulting from the resolution of a pricing dispute with a ...
2012-01-17 10:15:55 New furnace launched at OMZ-Special Steels
OMZ-Special Steels, part of OMZ Group, has launched the brand new heating furnace №31 of №47 fabrication department.
During the modernization automation of heating was carried out alongside replacement of the burners and application of new thermal insulation materials. As a result of ...
2012-01-17 10:12:39 Mechel reports changes in Mecheltrans Management
Mechel, one of the leading Russian mining and metals companies, reports the appointment of Oleg Vasechko as Chief Executive Officer of Mecheltrans Management Company OOO.
Oleg Vasechko, who until now worked as deputy chief executive officer, was appointed Chief Executive Officer of ...
2012-01-16 10:15:56 Severstal announces on behalf of Lybica results of Exchange for Nordgold GDRs
Severstal announces on behalf of Lybica the results of the Exchange for Nordgold GDRs
On 30 November 2011, OAO Severstal (“Severstal”) announced the exchange by its wholly owned indirect subsidiary, Lybica Holdings B.V. (“Lybica”), of the global depositary ...
2012-01-13 10:02:00 Mechel reports finishing laying railway tracks to Elga Coal Complex
Mechel, one of the leading Russian mining and metals companies, announces that it has finished laying tracks along the entire route of the railway link from Ulak station to the Elga coal deposit which is being developed by Mechel Mining's subsidiary, Yakutugol Holding Company.
The last ...
2012-01-13 10:01:00 New appointment at MMK
To improve corporate governance at the MMK company Ruslan Pakhomov has been appointed Strategic Development Advisor
Mr. Ruslan Pakhomov, born 1970, holds an engineer’s degree from the Bauman Technical University (Moscow, Russia). He had spent most of his career at GE in Russia ...
2012-01-11 10:19:18 NLMK expands slab casting capacity
The first slabs have been successfully cast at Novolipetsk’s (NLMK’s main production site in Lipetsk) newly revamped 1 mtpy vertical continuous casting machine (CCM-3). Following the revamp, CCM-3 capacity increased by 300 ktpy due to higher casting rates and shorter periods ...
2012-01-11 10:15:52 Result of Extraordinary General Meeting (EGM)
Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces the results of voting on the resolutions proposed at the EGM held on 30 December 2011.
The following resolutions were approved by Severstal's shareholders at the EGM: ...
2012-01-10 10:58:30 Voting Rights and Capital as at 30 December 2011
This announcement is made in accordance with DTR5.6.1
As at 30 December 2011 EVRAZ plc’s issued share capital consists of 1,337,560,713 Ordinary Shares of US$1.00 each.
The total number of voting rights attaching to the Ordinary Shares of EVRAZ plc is therefore 1,337,560,713. ...
2012-01-10 10:51:47 Norilsk Nickel has approved the Budget for 2012
The Board of Directors OJSC MMC Norilsk Nickel by a majority of votes has approved key parameters of the Company’s budget for 2012.
The Budget approval is the first step in realization of the Company’s production and technical development strategy till 2025.
The budget of ...
2011-12-27 10:56:07 MetalTransLogistics to be held during Metal-Expo’2012
On December 23 Russian Steel’s Committee for Transportation supported the idea of holding MetalTransLogistics, an exhibition for transportation and logistics for mining and metallurgical complex within Metal-Expo’2012. The idea had been previously discussed at the meeting of ...
2011-12-27 10:17:53 Nikolaev alumina refinery reached record production level
RUSAL’s Nikolaev alumina refinery has delivered a record annual production level of 1.6 million tonnes of alumina during 2011.
These record levels were reached following a USD350 million CAPEX programme that has been undertaken at the refinery since 2000, resulting in significant ...
2011-12-26 10:11:51 Severstal commissions second color-coating line to double output of coated hot dip rolled products
Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces that its steel production unit, the Cherepovets Steel Mill, today commissioned its second color-coating line (CCL-2).
The total investment in the second line is more than ...
2011-12-26 10:09:53 Mechel announces acquisition of Donetsk Electrometallurgical Plant
Mechel, one of the leading Russian mining and metals companies, announces closure of the transaction for the acquisition of 100% of the shares of Donetsk Electrometallurgical Plant (DEMZ AO).
On December 23, 2011, Mechel completed the acquisition of 100% of Donetsk Electrometallurgical ...