Metals and mining

Belon has launched 2 sections at “Chertinskaya-Koksovaya” and “Kostromovskaya” mines

Their reserves make up more than 2 mln tons of coal.
Belon OJSC has put into operation sections at 2 mines – the “Chertinskaya-Koksovaya” and “Kostromovskaya”. The company’s expected production in 2013 is 3.89 mln tons of coal.

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Annual loss of Makeyevo metallurgical plant n.a Akhmetov was reduced by 4.4 times

In 2012 Makeyevo metallurgical plant (Metinvest, the Donetsk Region) made a net loss in the amount of 101.244 million hryvni, the enterprise reports.

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KZOTsM attracts a credit line from Sberbank

Volga-Viatka bank of Sberbank Russia stated that the “Kirov non-ferrous metal working plant” (an enterprise of UGMK) has opened a nonrevolving credit line with a limit of 260 million roubles

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M. Prokhorov has left Polyus

The businessman has sold his stake in the gold mining company.
M. Prokhorov has sold almost 38% in Polyus Gold for $3.6 bln to the structures of the co-owner of Uralkalii, Z. Mutsoev and a former shareholder of the group “Wimm-Bill-Dann”, G. Yushvaev. Participants of the market think the buyers act in the interests of S. Kerimov that holds 40.2% of Polyus and thus avoiding making an offer to the minority shareholders. Onexim of M. Prokhorov says the funds from the sale of the package will go for his investment projects. Sources of Kommersant name one of the variants of investment could be the purchase of 10.5% of Rostelekom from K. Malofeev but the parties can’t agree on the price.

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Ukraine increased coal production by 15 million tons

Ukraine increased coal production by 15 million tons

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The President of OMK CJSC, V. Markin, spoke about the underwater pipeline projects, the construction of a plant in the USA and high speed railway wheels.

Q: What was particular for the company in 2012?
A: First of all our participation in the largest modern pipeline projects. We were the first of the Russian metallurgical companies to confirm their readiness to produce large diameter pipes for the South Stream route pipeline. OMK already supplies pipes for its underground part.
Last year we produced and shipped a new type of pipes for the “Zapolyarie-Purpe” oil pipeline. The products meet the strictest requirements of quality as it is used in the perma-frost conditions.
2012 was also particular by the launch of the 2nd stage of the Nord Stream gas pipeline in October. We became the first and only Russian pipe company whose products were used in this large international project. In total for the 2 lines of the gas pipeline we dispatched more than 460 thousand tons of pipes, a part of which doesn’t have analogues in the world by their characteristics.
The successful execution of the contract obligations by the Nord Stream contributed to our victory in the other serious offshore projects. These are the “Gulf of Baidaratskaya”, underwater pass from Sakhalin island to the continent in the framework of the project “Sakhalin-Khabarovsk-Vladivostok”, “Dzhubga-Lazarevskoe-Sochi” and the Varandei sea terminal in the Barents Sea.

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Prokhorov sold 37.8% in Polyus Gold for $3.6 billion

Onexim Group of M. Prokhorov sold 18.5% in Polyus Gold International to Lizarazu Limited affiliated to the deputy of the Parliament Z. Mutsoyev for $1.77 billion, and 19.28% to Receza Limited to the former owner of Wimm-Bill-Dann G. Yushvayev for $1.846 billion. It means that Onexim sold 37.8% for $3.6 billion. Both businessmen act in favor of S. Kerimov owning 40.2% in Polyus Gold via Nafta Moscow. The transaction was performed in accordance with the demands of the British Panel on Takeovers and Mergers.

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Interview with the President of OMK

The President of OMK CJSC, V. Markin, spoke about the underwater pipeline projects, construction of a plant in the USA and high speed railway wheels.
 
Q: What was particular for the company in 2012?
A: First of all our participation in the largest modern pipeline projects. We were the first of the Russian metallurgical companies to confirm the readiness to produce large diameter pipes for the South Stream route pipeline. OMK already supplies pipes for its underground part.
Last year we produced and shipped a new type of pipes for the “Zapolyarie-Purpe” oil pipeline. The products meet the strictest requirements of quality as it is used in the ever-frost conditions.

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Production figures of enterprises-members of NP “Russkaya Stal” in Jan 2013

The main enterprises-members of NP “Russkaya Stal” produced 4.57 million tons of finished steel in January 2013. It is by 3.3% more than in December 2012, but by 0.8% less than in January 2012.

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MMK and TMK to provide Russian oilmen by pipes for Asian projects

The XVth meeting of a coordination board of the companies took place at the Magnitogorsk Iron-and-Steel works.
There has been signed a protocol, which fixes the results of an operation of partners in 2012 and shaping plans for future use. A special attention is given to a prospect of joint participation in pipeline projects of “Gazprom”, “Lukoil” and other companies, including in the North Caspian and Middle Asia.

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