2011-07-20 11:26:10 MMK launches Mill 2000 - first stage of new cold rolling complex
Magnitogorsk Iron and Steel Works (MMK) launched its Mill 2000 – the first stage of a new cold rolling complex - during Russian Prime Minister Vladimir Putin’s visit to MMK today. Mill 2000, with 2 mtpa capacity of finished products, will primarily produce high-quality cold-rolled ...
2011-07-19 10:31:02 Over 10,000 people benefit from RUSAL-ALSCON water project
Ikot Abasi, Nigeria, 14 July 2011 – RUSAL-ALSCON, the Nigerian subsidiary of United Company RUSAL, the world’s largest aluminium producer, is pleased to announce the completion of seven water projects, to complement the existing three projects that provide potable water for over ...
2011-07-19 10:24:52 TMK runs pipe with premium connections at Yurkharovskoye Field
TMK, one of the world’s leading oil and gas steel pipe producers, has run casing with TMK PF Premium Connections in both the onshore and offshore sections of a gas well at Novatek’s Yurkharovskoye Field.
This well consists of both a vertical section, which is located in the ...
2011-07-19 10:01:00 MMK completes construction of MMK-ATAKAS Metalworks
Commissioning of continuous hot-dip galvanizing unit at MMK-Atakas Istanbul site marks final stage of project.
Today Magnitogorsk Iron and Steel Works (MMK) announced the launch of the MMK-Atakas continuous hot-dip galvanizing unit in Istanbul. This marks completion of construction of ...
2011-07-18 10:04:00 Buying attitude at Metal-Expo turned out incredibly high
Results of the post-show buying attitude monitoring which has been held by RussCom IT Systems during a month after Metal-Expo’2010 finished show that 94,3% of 574 respondents ( Metal-Expo’2010 visitors) plan to visit the show in 2011 pointing out its high efficiency. ...
2011-07-15 10:10:57 MMK announces results of its RUR 5 bln bonds placement at MICEX
On July 14, 2011 MMK placed its RUR 5 bln bonds (series BO-06) with the maturity period of 1092 days (3 years). The offer for the issue is not provided. The issue is included in the list “B” at MICEX.
The total value of demand from investors equaled to RUR 14.4 bln which ...
2011-07-15 10:01:00 Biggest world economies to meet in Moscow
This year Metal-Expo (November 15-18, 2011, The All-Russia Exhibition Center, Moscow) will grow 20% as compared to the last year. The national expositions at Metal-Expo’2011 will also grow in space and number of exhibitors. Leading world economies will show their potentials and ...
2011-07-14 11:06:57 TMK announces 2011 second quarter and first half 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 ...
2011-07-14 10:00:00 Producers of Steel Products for Construction Sector will Exhibit in Moscow in November
The exposition of MetaStroyForum’2011 Exhibition for Steel Products and Structures for Construction is in the middle of arranging. The exhibition will be held jointly with Metal-Expo’2011 (November 15-18, 2011 at the All-Russia Exhibition Center Fairgrounds). Some 200 of 600 ...
2011-07-13 11:36:33 NLMK reports transformer failure
NLMK reports that a transformer failure has occurred at its Urals-based long products plant NSMMZ, resulting in the stoppage of one of the two Electric Arc Furnaces (EAF). No injuries occurred as a result of the incident. While the management is assessing the causes of the failure of the ...
2011-07-13 10:44:50 TMK premium connections receive another ISO 13679 CAL IV certification
TMK’s American division – TMK IPSCO successfully completed qualification tests of Premium threaded connections ULTRA-QX in accordance with ISO 13679 CAL IV standard.
Premium connections ULTRA-QX exhibit high tensile and compression strength, high ability to bend, and ...
2011-07-12 10:13:29 Izhorskiye Zavody finalizes fabrication of reactor vessel for Leningrad NPP-2
Izhorskiye Zavody, part of OMZ Group, has finalized the fabrication of the first VVER-1200 reactor vessel for Leningrad NPP-2.
One of the final stages of the manufacturing successfully completed control assembly of the reactor vessel with in-vessel devices and head block shield.
The ...
2011-07-12 10:10:14 Putu iron ore resource increased to 3.2 billion tonnes
OAO Severstal, one of the world’s leading vertically integrated steel and mining companies, today announces that an independent mineral resource report has estimated a 3.2 billion tonnes deposit at its Putu iron ore project in Liberia. Severstal is the majority stakeholder in the ...
2011-07-11 00:24:46 Oleg Deripaska appointed as President of En+ Group
En+ Group announces the appointment of Oleg Deripaska as President of En+ Group, a decision made by the Board of Directors of En+ Group. (Previously, Oleg Deripaska held the position of the Chairman of the Board of Directors of En+ Group).
In his new role Oleg Deripaska is in charge of ...
2011-07-08 10:29:24 Evraz priced 20 billion rouble bond issue
EVRAZ has priced a 20 billion 5-year rouble bond (approx. US$710 million) at a coupon rate of 8.40% per annum. The bonds are issued by EVRAZ’s subsidiary, OOO EvrazHolding Finance, and guaranteed by EVRAZ Group.
The closing and settlement is expected to be completed on 7 June 2011 ...
2011-07-07 11:10:50 Metal-Expo'2011 exposition has been almost fully arranged
Ferrous and non-ferrous expositions at Metal-Expo’2011 (November 15-18, The All-Russia Exhibition Center, Moscow) have been arranged 93% by now. This year ferrous and non-ferrous expositions will be arranged in Hall 1, Pavilion 75 while the exposition of machinery and equipment for ...
2011-07-06 10:24:55 EVRAZ incentivised conversion of US$650 million 2014 bonds
EVRAZ has successfully incentivised the conversion of US$647,800,000 in principal amount (or 99.7% of the total outstanding amount) of convertible bonds originally due in 2014 and bearing annual coupon of 7.25%.
The total cash incentive payment to facilitate the conversion will be ...
2011-07-06 10:22:10 Norilsk Nickel Director General meets South African President
Yesterday, Vladimir Strzhalkovsky, the General Director and Chairman of the Management Board of MMC Norilsk Nickel (the Company) met in Sochi with the President of the Republic of South Africa Jakob Zuma in RSA.
The parties discussed further development of the Company’s projects in ...
2011-07-05 10:52:32 NLMK completes purchase of 50% interest in Steel Invest and Finance
NLMK, one of the world’s leading steel companies, is pleased to announce the completion of the previously announced deal to purchase the remaining 50% interest in Steel Invest and Finance (“SIF”) from Duferco Group (“Duferco”). The transaction will result in SIF ...
2011-07-05 10:49:46 Nordgold receives mining license for Bissa Project, Burkina Faso
Nordgold, an established pure-play gold producer focussed on emerging markets and a wholly-owned subsidiary of OAO Severstal, announces that Nordgold’s indirect subsidiary in Burkina Faso, Bissa Gold S.A. (“Bissa Gold”).has been granted a mining license for the Bissa gold ...
2011-07-04 00:38:29 Rusal makes debt repayments totalling USD119 million
UC Rusal announced making further debt repayments in the total amount of USD119 million to its international and Russian lenders, including Onexim group, under the International Override Agreement (IOA).
The debt repayment was made on 29 June 2011. Since the beginning of 2011, Rusal has ...
2011-07-04 00:33:24 Mechel Minig to increase charter capital by way of public offering
Mechel announceds the decisions made by Mechel Mining’s Board of Directors.
On the meeting of Mechel Mining’s Board of Directors held on June 30, 2011, the Board of Directors decided to increase Mechel Mining’s charter capital by way of public offering of 3.644 billion ...
2011-07-01 10:40:22 NLMK Quality Management System complies with international standards
NLMK has successfully passed another audit conducted by TÜV SÜD, the independent German certifying agency, for compliance with the requirements of international standard ISO/TS 16949:2009, Quality management systems – Particular requirements for the application of ISO ...
2011-07-01 10:38:32 TMK holds annual general meeting of shareholders
TMK announces that the Annual General Meeting of Shareholders was held in Moscow on June 28, 2011.
Shareholders approved the annual report and financial statements for the 2010 financial year, including the Company’s profit and loss statement for 2010. Shareholders also elected the ...
2011-06-28 11:25:17 Freight One to deliver first batch of Nippon Steel rails to Russian Railways Network
Freight One will haul the first batch this year of Japanese rails made by Nippon Steel Corporation to strengthen the track infrastructure of segments of the Russian Railways network. The rails are being loaded on Freight One rolling stock at ports of the Northeastern and Far Eastern regions. ...
2011-06-28 10:37:14 EVRAZ incentivised conversion of US$650 million 2014 Bonds
EVRAZ announces that it has successfully incentivised the conversion of US$647,800,000 in principal amount (or 99.7% of the total outstanding amount) of convertible bonds originally due in 2014 and bearing annual coupon of 7.25%.
The total cash incentive payment to facilitate the ...
2011-06-28 10:33:34 MetallurgMash: Pulse of the Market
Siemens VAI estimates that the capacity of the Russian machinery market will reach €1,1 bn by 2015. Although it is less than the pre-crisis level (€1,4 bn in 2088), still is it much bigger as compared to €796 M in 2008, €772,4 M in 2010 and €857 M in 2011. In his ...
2011-06-27 16:10:44 MMK announces its consolidated financial statements under IFRS for Q1 2011
Q1 2011 FINANCIAL PERFORMANCE HIGHLIGHTS:
MMK Group Q1 2011 sales amounted to USD 2,216 mln, 14% higher than Q4 2010.
Q1 2011 cost of sales rose 11% q-o-q, amounting to USD 1,775 mln.
Operating profit in Q1 2011 was ...
2011-06-27 16:07:15 Second EKG-18R power shovel manufactured by IZ-KARTEKS begins operations
UK Kuzbassrazrezugol has completed the acceptance tests of the second EKG-18R power shovel manufactured by OOO IZ-KARTEKS (a part of OMZ Group) at Taldinsky coal mine.
The first EKG-18R has begun operations this spring. EKG-18R is the first series-built power shovel in the second group ...
2011-06-27 12:13:21 Underwater Works on Nord Stream Pipeline Completed
All three sections of the first of Nord Stream's twin 1,224 kilometre natural gas pipelines have now been joined together underwater by hyperbaric tie-ins. The completed pipeline through the Baltic Sea will now be prepared for connection to the landfalls in Russia and Germany later in the ...
2011-06-27 09:08:41 Rusal to raise up to US$4.75 billion for debt refinancing
UC Rusal announced that its Board of Directors has approved the main terms and conditions of a new pre-export finance facility in the amount of up to US$4.75 billion with a club of international lenders.
The facility proceeds will be primarily used to fully take out the outstanding debt ...
2011-06-23 15:20:45 New rolling plant to be built in the south of the Russia
StavStal Company started of building of a metallurgical plant in Nevinnomysk industrial park (Kransnodar Kray). It plans to invest 3 bullion roubles (approximately $108.5 millons).
Launch the rolling mill with capacity of 350 thousand tons is planned for May, 2012. The plant will ...
2011-06-23 13:17:55 Mechel reported results of a meeting with Posco’s management
Mechel reportув the results of a meeting between the management of Mechel and Posco, which include signing of the Framework Project Agreement and the Agreement for Construction of a Permanent Shift Worker Settlement for Elga Coal Complex.
On June 21, during an official meeting between ...
2011-06-23 11:32:01 Rusal launches project for the extraction of low-iron bauxite
UC Rusal announces the launch of a project for the extraction of low iron bauxite in the Republic of Komi by Timan Bauxite, a subsidiary of the Company. Future bauxite production is estimated at 250,000 tonnes per year.
Bauxite will be extracted by open-cut mining at the Middle Timan ...
2011-06-23 10:25:24 Preliminary results of the AGM of MMC Norilsk Nickel
Annual General Meeting of shareholders (AGM) of OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) took place in Moscow .
Vladimir Strzhalkovsky, General Director – Chairman of the Management Board of MMC Norilsk Nickel, presented to shareholders the ...
2011-06-22 16:35:00 Rusal and GAZ to develop new machinery for aluminium industry
UC Rusal announces the start of a joint project with GAZ Group to develop new machinery for the aluminium industry. The prototypes will be tested by Rusal's Siberian facilities in September.
GAZ engineering division specialists are developing a pot crust breaking machine, metal handling ...
2011-06-22 00:18:33 Mechel won license for iron ore deposit in Yakutia
Mechel reported winning the auction for the subsoil license for Pionerskoye iron ore deposit.
The auction was held by Russia’s Federal Subsoil Use Agency (Rosnedra), with the results announced on June 20, 2011. Yakutugol won the subsoil license. In accordance with the ...
2011-06-21 17:42:17 VSMPO-Avisma and AVIC signed an agency agreement
VSMPO-Avisma Corporation and AVIC International Holding Corporation, Beijing (People’s Republic of China), one of affiliate companies of state owned Aviation Industry Corporation of China (AVIC) signed an Agency Agreement for sales of titanium and aluminium semi-finished products ...
2011-06-20 15:44:16 MMK’ hot-rolled galvanized steel accepted by Renaul
Magnitogorsk Iron and Steel Works (MMK) has successfully passed technical audit completed by Renault.
As a result, MMK has received the French carmaker’s approval that allows the steelmaker to ship its hot-rolled galvanized steel designed for inner parts of Renault automobiles. ...
2011-06-17 17:02:08 NLMK revamps its melt shop
NLMK has started the installation of main equipment for the revamped Continuous Casting Machine No.3 (CCM) at its main production site in Lipetsk. As a result, CCM production capacity will increase by more than 300 000 tpa, up to 1 mln tpa.
CCM-3 will produce a wide mix of high-quality ...
2011-06-17 16:44:41 Alcoa and VSMPO-Avisma sign memorandum of understanding for collaboration
Alcoa and VSMPO-Avisma Corporation announced today they have signed a Memorandum of Understanding (MoU) to cooperate in the design and production of innovative light alloy die forgings and extrusions for the commercial transportation market, including solutions for light-weight rail car ...
2011-06-16 17:58:13 Volgograd Small Diameter Tubes Plant rises production
In January-April of the current year, Volgograd Small Diameter Tubes Plant (VZTMD) produced 48 thousand tons of steel tibes up 134.1 percent compared to the same period of last year (20.5 thousend tons). In April, 2011 output rise by 109.8 percent to 12.8 thousand tons.
In 2010, VZTMD ...
2011-06-16 15:10:44 En+ Group and Export-Import Bank of China sign $5bln cooperation agreement
En+ Group, a leading Russian diversified mining, metals and energy group, and Export-Import Bank of China (China Eximbank), one of the largest international lenders, signed today an agreement on financing the development of mining and power projects in Eastern Siberia. The Agreement was inked ...
2011-06-16 12:04:58 TMK Premium Connections Receive ISO 13679 CAL IV Certification
TMK, one of the world’s leading oil and gas steel pipe producers, announces that qualification tests of TMK PF premium connections have been successfully held in accordance with the ISO 13679 CAL IV standard. The tests were conducted at the Oil States Industries international testing ...
2011-06-14 14:10:41 Mechel placed commercial papers at a sum of 5 billion Rubles
Mechel, one of the leading Russian mining and metals companies, announces successful closure of the books for the placement of its commercial papers of the 19 series.
On June 9, 2011 Mechel closed the books for the placement of its interest-bearing commercial papers of the 19 series with ...
2011-06-10 15:55:43 Vadim Makhov appointed as OMZ General Director
OMZ Group Board of Directors has appointed Vadim Makhov as the General Director of OMZ.
“We are happy that Vadim Makhov has accepted the Board’s offer to become the head of the company. OMZ is entering a very important stage of its development: the Group’s companies ...