2017-04-17 13:00:10 Ormet plans to launch underground mine
Ormet (part of Russian Copper Company) continues the construction of an underground mine at the Dzhusinskoye deposit, Chelyabinsk region.
Currently, the surface obejectes of the mine is being assembled, ore is mined at the prepared site as part of a pilot project for ...
2017-04-14 06:00:38 Severstal remained hot metal output unchanged
Severstal has announced its operational results for Q1 2017. According to its press release, hot metal output remained largely unchanged, decreasing only 1% to 2.34 mln tonnes (Q4 2016: 2.36 mln tonnes) compared with the previous quarter.
Crude steel production declined 2% to ...
2017-04-14 06:00:26 MCSP renewed plant equipment
Mednogorsky copper sulfate plant (MCSP, enterprise of UMMC’s metallurgical division) purchased a new front end loader for about 6 mln. rubles.
The loader will be used at the area of briquetting and feed preparation for copper smelter to supplement a similar loader which ...
2017-04-13 16:05:04 Rusal acquires share of Skad
Rusal acquires share of the foundry and mechanical production facility Skad, which is a producer of aluminium alloy car wheels, located in Krasnoyarsk region.
Under the terms of the transaction, Rusal will own a stake in the authorised capital of Skad and its founder, Idris ...
2017-04-13 06:00:51 Uralelektromed to launch new cathode stripping machine
Specialists of Uralelektromed (part of UMMC) visited one of Outotec branches, located in Kil (Sweden), where they witnessed tests of the new cathode stripping machine. It will be installed in the second stage of Tankhouse being under construction.
According to Mark Shuklin, ...
2017-04-13 06:00:08 Fitch affirmed Metalloinvest rating with a stable outlook
Metalloinvest has announced that Fitch Ratings (Fitch) confirmed the Company’s long-term issuer default rating at ‘BB’ with a Stable outlook.
In accordance with Fitch’s opinion reflected in the published release, Metalloinvest demonstrated financial ...
2017-04-12 15:05:52 Mechel develops cooperation with Baosteel Resources
Mechel reports that its cooperation agreement with Baosteel Resources which is part of China Baowu Steel, China’s largest steelmaking group, has been prolonged.
Since April 2017 and until March 2018, Mechel will supply Baosteel Resources’ facilities with up to ...
2017-04-12 06:00:29 Chelyabinsk Zinc Plant put into operation an anode straightening machine
Under the ambitious process reconstruction program being implemented at Chelyabinsk Zinc Plant (part of UMMC), the anode straightening machine has been put into operation at the zinc cellhouse. The cost of Canadian equipment amounted to as much as 1.2 mln euro.
The major ...
2017-04-11 12:00:04 MMI to invest $98.3 mln in environmental programme
Magnitogorsk Iron and Steel Works (MMK) Group plans to complete 87 environmental initiatives in 2017 with total investments estimated at around 5.6 bln rubles ($98.3 mln) under its environmental programme.
Environmental initiatives in 2017 will cover all of MMK Group’s ...
2017-04-11 06:00:57 Zagorsk Pipe Plant’s pipes approved for use at Gazprom
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Denis Safin, Director General of Zagorsk Pipe Plant, took place in Moscow.
It was noted that in March 2017 large-diameter pipes produced by Zagorsk Pipe Plant, namely electric-welded ...
2017-04-11 06:00:29 Norilsk Nickel placed $1 bullion 6-year Eurobond offering
Norilsk Nickel closed of its $1 billion 6-year Eurobond offering with an annual coupon rate of 4.10%. The proceeds from the issue will be used for general corporate purposes and capital investments.
The offering has attracted solid investors’interest both domestically and ...
2017-04-10 12:00:37 Чистая прибыль РМК приблизилась к 4 млрд руб.
Чистая прибыль Русской медной компании (РМК) в 2016 г. составила 3,957 млрд руб. Среди основных предприятий РМК лучшие показатели продемонстрировал Михеевский ГОК (Челябинская область): его чистая прибыль составила 3,874 млрд руб. (здесь и далее - по данным учета национальных стандартов). ...
2017-04-10 06:00:06 OMK and Gazprom address prospects for further cooperation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Anatoly Sedykh, Chairman of the Management Board of United Metallurgical Company (OMK), took place in Moscow.
It was noted that the long-term cooperation between the companies had ...
2017-04-07 14:13:57 TMK ships new tubes to Lukoil
TMK shipped the first batch of сasing with TMK UP Magna premium threaded connections and GreenWell lubricant-free coating to Lukoil. The pipes were successfully sunk at the Y. Kuvykin field in the Caspian Sea with TMK supervisors’ involvement.
The shipment was a part of ...
2017-04-05 13:00:55 Rusal and Runaya Metsource will establish joint venture
Rusal and Runaya Metsource, a company promoted by principal shareholders of Vedanta, have signed an agreement to create a joint venture on an equal basis in India (JV).
The JV will set up a world class facility which specializes in the production of high technology aluminium ...
2017-04-03 17:00:03 Nornickel opened upgraded Murmansk transshipment terminal
Nornickel has completed one of the largest investment projects to date to develop transportation infrastructure in the Arctic. The official opening of the Murmansk transshipment terminal. The new logistics hub can annually handle 1.5 million tonnes of containerized cargo. ...
2017-02-21 12:00:16 TMK to increase prices for tubes of its russian division
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announced a 5% increase in selling prices for the entire range of tubular products offered by its Russian division from 1 March 2017.
The price increase will apply to all consumer ...
2017-02-20 16:00:50 S&P revised its outlook on Metalloinvest
Metalloinvest has announced that Standard & Poor’s Ratings Services (S&P) has revised its outlook on Metalloinvest from Negative to Stable. S&P also affirmed the Company’s ‘BB’ long-term corporate credit rating.
According to S&P’s ...
2017-02-17 12:15:19 ChelPipe Group sold over 1.7 million tons of pipes
In 2016, Chelyabinsk Pipe-Rolling and Pervouralsk New Pipe Plants - the pipe division of ChelPipe Group - shipped 1.713 million tons of pipes to consumers, which is 15% less than the volume of 2015 (-306 thousand tons). The volume decline was driven by changes in shipment schedules for ...
2017-02-13 11:30:01 Metalloinvest announces loan agreement extension
Metalloinves today announces the signing of an additional loan agreement with ING Bank.
According to the terms of the agreement, the ING Bank has increased the limit of the Company’s revolving credit line from $100 mln to $150 mln and extended the duration of the loan by ...
2017-02-10 17:00:27 MMK plans annual general meeting of shareholders in May
Magnitogorsk Iron and Steel Works (MMK) has announced that MMK Board of Directors held a meeting today, on 10 February 2017. The Board has approved 26 May 2017 as the date for the Annual General Meeting of Shareholders (AGM) of the Company.
The cut-off date for inclusion in the ...
2017-02-09 13:00:12 ChelPipe completes second bond issue
Chelyabinsk Pipe plant (ChelPipe) has announces the successful conclusion of book-building for the company’s second issue of exchange-traded bonds (BO series 001P-02) in a total nominal volume of 5 billion rubles, placed under the program.
The exchange-traded bonds are ...
2017-02-08 14:00:11 Rusal is preparing to issue Panda bonds
Rusal has announced that it has registered its prospectus for a Renminbi denominated bonds issue (Panda bonds), totaling up to 10 billion yuan ($1.5 billion) with a tenor of 7 years.
Rusal becomes the first overseas company with global operations outside of China that is ...
2017-02-08 06:00:50 Ural Steel is launching a new product
Ural Steel (part of Metalloinvest) is launching a new product, the slag pot. The first trial version of a slag pot for the Ural Steel pig iron facility was cast in June 2016 at the modular casting unit in the enterprise machine shop. Over seven months of use, the slag pot has withstood over ...
2017-02-07 06:00:46 NLMK USA re-starts galvanize line 2 at Sharon Coating
NLMK USA, NLMK Group’s US-based Division, has re-started its #2 hot-dip galvanizing line in February 2017. The line, which is located at Sharon Coating in Pennsylvania, has a capacity of approximately 226,000 metric tonnes per year. With the re-launch of the second line, Sharon ...
2017-02-06 06:00:20 Severstal plans new investments
Severstal announced details of its 2017 capital investment program, which highlights its operational excellence and long-term competitiveness.
In 2017, Severstal plans to invest approximately 43 billion roubles across the business. This investment will primarily focus on developing key ...
2017-02-03 11:32:58 Steellion проверил кровельный пирог на огнестойкость
Компания Steellion совместно с компанией турецкой компанией Ant Yapi провела испытания кровельного пирога на основании профнастила Н126-978 в ЦСИ «Огнестойкость», сообщает пресс-служба компании.
Испытания показали, что предел огнестойкости образцов конструкции ...
2017-02-03 06:00:40 MMK ships record volume of galvanized steel
Magnitogorsk Iron and Steel Works (MMK) shipped 1,135 million tonnes of galvanized steel to its consumers in 2016, the most in the Company’s history.
The previous record of 1,116 million tonnes was achieved in 2014. During the past 15 years, MMK has sustainably grown its ...
2017-02-02 19:00:28 Rusal completes debut Eurobond offering
Rusal has completed the debut offering of Eurobond with the following key terms: principal amount of $600 million, tenor 5 years, coupon rate 5.125% per annum. The bond proceeds will be used to refinance some of Rusal’s existing pre-export finance facility and improve the Company debt ...
2017-02-02 12:00:22 Severstal reported 2016 financial results
Severstal has announced its financial results for the 2016. According to its press release, Severstal’s revenue decreased 7.5% year-on-year to $5,916 million (2015: $6,396 million) primarily reflecting a substantial decline in average steel selling prices at the beginning of 2016, as ...
2017-02-01 10:00:37 MMK celebrates 85th anniversary
Magnitogorsk Iron and Steel Works (MMK) today celebrates the 85th anniversary of the launch of its Magnitogorsk mill. On 1 February 1932 the mill’s first blast-furnace produced its first batch of pig iron. This date has come to be celebrated as marking the launch of MMK – one of ...
2017-02-01 06:00:01 In 2016 Norilsk Nickel produced 236,000 tonnes of nickel
Norilsk Nickel has announce preliminary consolidated production results for the fourth quarter and full year of 2016 as well as its production outlook for full year 2017.
4Q16 consolidated nickel production amounted to 58,000 tonnes increasing 5% quarter-on-quarter (q-o-q). Nickel ...
2017-01-31 10:30:12 Nord Gold continues to maximize shareholder value
Nord Gold acknowledges recent speculation regarding a possible delisting of the Company's global depositary receipts from the Official List and the London Stock Exchange.
The Board of Directors continues to consider options for maximising shareholder value, including a ...
2017-01-30 11:00:13 Metalloinvest expanded iron ore and crude steel production
Metalloinvest has announcesd its operational results for the full year 2016.
In 2016, Metalloinvest increased iron ore output by 3.1% y-o-y to 40.7 mn tonnes. In Q4 2016, the Company increased iron ore production1 to 10.3 mn tonnes, 4.0% higher q-o-q.
Annual pellet output ...
2017-01-27 11:00:36 Rusal prices $600 million debut Eurobond
Rusal has announced the successful pricing of a debut Eurobond transaction with the following key parameters: size US$600mln, maturity 5 years, coupon 5.125%. Proceeds of the issuance are planned to be used for refinancing of the Company’s current indebtedness.
Vladislav ...
2017-01-26 12:00:30 MMK grew of output steel and its products
MMK Group’s total crude steel output in 2016 totalled 12,544 thousand tonnes (up 2.5% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site (subject to maintenance schedule) amounted to 89% (from 84% in FY 2015).
MMK Group’s total finished steel ...
2017-01-26 10:05:57 In 2016 Nord Gold produced 868.8 koz of gold
Nord Gold has announced its operating results for 12 months ended 31 December 2016.
2016 refined gold production of 868.8 thousand gold equivalent ounces (koz), in line with the full year production guidance range of 840-880 koz.
2016 gold doré production was 870.4 ...
2017-01-25 12:00:39 Norilsk Nickel sales 39.32% stake in Bystrinskiy project
The Board of Directors of Norilsk Nickel has approved the sale of an up to 39.32% stake in the Bystrinskiy project to CIS Natural Resources Fund, a Russia-focused natural resources fund established by Interros Group and ESN Group.
As a basis for this transaction, the project is ...
2017-01-24 06:00:53 Metalloinvest and OMK sign long-term contract
Metalloinvest and United Metallurgical Company (OMK) have signed a long-term contract for the supply of steel billets for the production of seamless railway wheels.
Round cast billets with a diameter of 455mm will be produced at Ural Steel, part of Metalloinvest, and will be ...
2017-01-23 18:00:02 MMK’s largest mill sets new record
Magnitogorsk Iron and Steel Works (MMK, or the Company) produced 5,948 thousand tonnes of metal at its hot-rolled products Mill 2000 in 2016 – the all-time record for annual output since the mill was commissioned. This achievement marks the third record-breaking year in a row for the ...
2017-01-23 11:10:02 Severstal sales Redaelli Tecna
Severstal has announced that its subsidiary, Severstal – Metiz, Severstal’s international metal ware manufacturer, has entered into a definitive agreement with Teufelberger Wirerope, a leading international metal wire ropes producer based in Austria, for the sale of ...
2017-01-20 11:00:58 ChelPipe successfully refinanced syndicated loans
Chelyabinsk Pipe Plant (ChelPipe) has announced early extinguishment of the syndicated loans totaling 80 billion rubles obtained in 2012. The loans were refinanced with funds obtained under credit arrangements signed with VTB Bank, Gazprombank and Sberbank in December 2016.
The ...
2017-01-19 10:30:00 EVRAZ grew output of coking coal concentrate
EVRAZ has announced its operational results for the full year of 2016.
In 2016, consolidated crude steel production and steel product output, net of re-rolled volumes, decreased by 5.7% and 6.1% respectively. This was mainly due to weak tubular and rail markets in North ...
2017-01-18 12:00:12 В Хабаровском крае растет добыча олова
В Министерстве природных ресурсов Хабаровского края подвели итоги работы горнорудного комплекса в 2016 г. По данным ведомства, с января по декабрь предприятия добыли более 19,5 т золота, что на 6,4% превысило плановые показатели и на 3,4% – уровень 2015 г.
«Основной ...
2017-01-18 11:00:31 KrAZ to produce large diameter ingots
The Krasnoyarsk Aluminium Smelter (KrAZ, part of Rusal) is to implement the construction of a new foundry complex for the production of cylinder ingots of 230 mm to 457 mm diameter. The capacity of the new production complex will comprise 120,000 tonnes per year.
As of today, ...
2017-01-13 12:00:15 TMK plans to increase shipments in 2017
In 2016, TMK shipped a total of 3,440k tonnes of tubular products, down 11.2% y-o-y. The decline was mainly due to lower welded pipe sales. Seamless pipe shipments remained almost flat y-o-y at 2,399k tonnes.
Welded pipe shipments were 1,042k tonnes, down 28.7% y-o-y, ...
2017-01-11 12:00:35 NLMK Europe Plate Division management is changed
NLMK Group has announced the appointment of Cornelius Louwrens as the CEO of NLMK Belgium Holdings1 plate business. It includes two of NLMK Group’s European sites: NLMK Clabecq (Belgium) and NLMK Verona (Italy), and together with NLMK DanSteel (Denmark), comprises the NLMK Europe Plate ...
2017-01-11 10:00:56 Реконструкция «Лужников» завершится в марте
Уже в марте этого года стадион «Лужники» будет готов к сдаче после реконструкции, сообщил заместитель мэра Москвы по вопросам градостроительной политики и строительства Марат Хуснуллин.
«Основные строительные работы в «Лужниках» уже завершены, ...
2017-01-09 06:00:06 ChelPipe signed credit lines with 3 banks
Chelyabinsk Pipe Plant (ChelPipe) announceв lines of credit signed with Sberbank, VTB Bank and Gazprombank amounting up to 80 billion rubles. The maturity of the loans is up to 7 years.
The funds will be spent on refinancing the current debt under the syndicated loan obtained from ...
2017-01-04 06:00:46 New beryllium project are planned in Russia
Expert Council of the Industry’s Development Fund approved 12 preferential loans amounting up to 2.93 bullion rubles (approximately $48.305 million).
According to one of them, company Rare Metals of the Siberia plans to organize a plant to process beryllium ores into pure ...