Branch News (2007)

The emergency prices. Coal in Russia has risen in price in 1,5 times

29.08.07

Two failures on mines " JUzhkuzbassuglja " not only have led to sale of company " Evrazu ", but also have warmed up the Russian market of coked coal

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"Rosoboroneksport" draws Magnitogorsk. The largest in Russia metkombinat has interested the exporter of arms

29.08.07

In sphere of interests FGUP "Rosoboroneksport" which in February has started to build holding on release spetsstalej, the largest has got in Russia Magnitogorsk metkombinat (MMK)

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RusAl Eyes China as a Primary Market

28.08.07

RusAl planned to double its cathode block capacity in China and predicted that the country would become a net importer of aluminum by 2009

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Stojlenskij the GOK has directed more than 100 million rbl. on modernization of a transport infrastructure

28.08.07

Open Society " Stojlenskij GOK " has enclosed more than 100 million rbl. in modernization of a transport infrastructure

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In Russia new standards of safety in coal branch will be accepted

28.08.07

Russia up to the end of 2007 will accept new standards of safety for the coal industry

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The Mechel has started new mountain technics in operation

10.08.07

On Korshunovskom GOKe and mines of the South-Ural nickel combine are put into operation new dredges of type "a return shovel"

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Stojlenskij the GOK increases deliveries

10.08.07

On results of half-year shipment of raw products with Stojlenskogo deposits has grown on 10 %

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MMK has got 37,5 % Interkos-IV

10.08.07

Open Society "Magnitogorsk metallurgical combine" (MMK) were got with 37,5 % of actions of Joint-Stock Company "Interkos-IV"

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Alrosa Closes In On 25% Stake in Polyus

09.08.07

Diamond monopoly Alrosa was close Wednesday to buying 25 percent of leading gold miner Polyus, extending the state's reach into another strategic industry

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Harmony Gold CEO Swanepoel resigns

07.08.07

Harmony Gold Mining Co, Africa`s third-largest gold producer, said Bernard Swanepoel, who turned the company from a single mine into Africa`s third-biggest gold producer, resigned as chief executive officer with immediate effect

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Centerra and Mongolia amend Boroo agreement

06.08.07

Centerra Gold Inc. announced on Friday that after lengthy negotiations the Company and the Government of Mongolia have entered into an amended Boroo Stability Agreement

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Anglo plans US$4 billion buyback

06.08.07

Anglo American Plc said first-half profit rose to a record and announced plans to buy back US$4 billion of its stock after the price of platinum and metals needed by China gained

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The Magnitogorsk metallurgical combine plans construction of a steel foundry in Ohio

31.07.07

The Magnitogorsk metallurgical combine plans construction of a steel foundry in Ohio

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Southern Kuzbas " has commissioned new mountain technics

31.07.07

The new mountain technics on cuts of Open Society " Southern Kuzbas " is put into operation

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Polymetal Gold Output Down 3%

26.07.07

Polymetal produced 3 percent less gold and 7 percent less silver in the first half of 2007 but left its full-year output forecast unchanged as second-quarter output recovered from the first

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Tomsk to Get Metals Investment

25.07.07

Investment company Metropol may spend as much as $20 billion to build a mining and steel-production complex in Siberia's Tomsk region

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BHP Billiton posts record output across operations

25.07.07

BHP Billiton, the world`s top miner, reported a raft of annual production records on Tuesday, led by strong fourth-quarter gains in copper, nickel and coal

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De Beers Refocuses Away From Alrosa

23.07.07

Diamond giant De Beers is likely to snub an opportunity to market more gems from Alrosa as it distances itself from its former role as cartel operator to focus on high-margin business

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RusAl Gets Armenia's Foil Mill Rolling

23.07.07

The aluminum foil plant on the upper slopes of Armenia's capital accounts for around 40 percent of the country's annual trade

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Norilsk Gets 73% Of OGK-3

20.07.07

Norilsk Nickel said Thursday that its stake in power generator OGK-3 would go up to more than 73 percent as minority shareholders take its buyout offer

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Gold Miners May Have To Dig Deeper to Grow

20.07.07

Cutting the ribbon at Russia's largest gold mill this week, Krasnoyarsk Governor Alexander Khloponin forecast a huge increase in production by the time gold medals are handed out at the 2014 Winter Olympics

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Severstal Plans New $500M Mill

19.07.07

Severstal, the country's largest steelmaker, plans to spend $500 million to build a steel mini-mill in the Saratov region amid a construction boom

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MMK Sinks $2Bln Into Auto, Building

19.07.07

Magnitogorsk Iron & Steel Works, or MMK, the country's third-biggest steelmaker, plans to invest $2 billion to boost production for the construction and automotive industries

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Polyus reiterates delay in production target to 2015

18.07.07

OAO Polyus Gold, Russia`s biggest producer of the metal, reiterated that it expects a three-year delay in meeting its target to triple annual output, with the 4 Moz figure more realistic by 2015

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Mechel's Q1 Net Up By 226%

13.07.07

Steelmaker Mechel said Wednesday that its net profit rose 226 percent to $205 million in the first quarter of 2007 on higher output and prices

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EU Alrosa Antitrust Ruling Annulled

13.07.07

The European Union’s Court of Justice on Wednesday annulled an EU anti-monopoly decision that had prevented South African giant De Beers from buying rough diamonds from Russian rival Alrosa

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Norilsk Nickel acquires 90% of LionOre

02.07.07

Norilsk Nickel said Friday that it had acquired about 90 percent of LionOre's shares

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U.K. Eyes More Russian Coal

20.06.07

Russian coal exporters to Britain, their largest export market, must ensure secure supplies to maintain a share of the British energy market

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Thermal Coal Needs May Triple by 2020

20.06.07

Demand for thermal coal in Russia, the world's fifth-largest coal miner, could more than triple by 2020

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Evraz Merges ts 2 Siberian Coal Firms

18.06.07

Steelmaker Evraz, partially owned by billionaire Roman Abramovich, will merge its two coal mining companies

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"Gazprom" and SUEK have not divided management of the future of the joint venture

04.05.07

The coordination of details of joint venture on the basis of electropower and coal actives of "Gazprom" and " the Siberian coal power company " lags behind the initial schedule.

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Russian regulator refuses to register SUAL's share offering

17.04.07

Russia's financial market regulator has refused to register a share offering of Russian aluminum producer SUAL, the Federal Service for Financial Markets said in a statement FridayRussian regulator refuses to register SUAL's share offering

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Agency to mull revoking some TNK-BP, Lukoil, Peter Hambro, Polyus licenses

17.04.07

Russia's Federal Mineral Resources Agency plans to consider Friday revoking some mineral resource licenses owned by Russian oil majors TNK-BP and Lukoil and gold producers Peter Hambro Mining and Polyus Gold, a source at the agency said Friday, ITAR-TASS reported

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Third successive record year for Rio Tinto

17.04.07

Solid global demand and high prices coupled with a strong operating performance in challenging conditions resulted in a third successive year of records earnings and cash flow, the chairman of Rio Tinto Paul Skinner told the annual meeting of shareholders in London today

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