Russia Metals and Mining

RosGeo has completed field exploration at the Kegulta-Balkovskaya site perspective for titanium and zirconium alluvial deposits

Kavkazgeolsyomka JSC, a multi-profile geological holding of RosGeo has completed field exploration at the Kegulta-Balkovskaya site perspective for titanium and zirconium alluvial deposits. The site is located in Southern Federal Area in Kalmykia and the Rostov region. Additional geological exploration is performed within the state contract closed in April 2012. The company was granted the right to execute the work via the tender held by the Russian Subsoil Use Management Agency.

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In 2014, Cherepovets metal works has increased its commodities assortment for the construction sector

In H1 2014, the Cherepovets metal works dispatched to the Russian construction sector over 1.836 million tons of rolled steel including hardware. Supplies to the construction sector shared nearly a half of the total dispatch to the internal market in January – June. Severstal offers a large commodities assortment to the sector including sort rolled steel with A600C hardware, rolled steel with cover, construction pipes and bent profiles, hot rolled and cold rolled steel and such hardware as cable and hardware ropes, net constructions, guarding system, wire fiber, fastening, nails, and shaped profiles.

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EVRAZ will launch mass production of the first Russian head-hardened rails

The Register of Certification on the Federal Railway Transport has issued a Compliance Certificate to EVRAZ in relation to DT-350 R-65 head-hardened rails with a length of up to 100 meters. This makes EVRAZ the first company in Russia and CIS to obtain the approval to start mass production and supply of this product.
These rails ensure high performance and allow for more efficient maintenance and repair technologies. The new hardening system substantially increases the durability of the rails, reducing railway maintenance costs and delivering improved safety and speed.
Certification of the head-hardened rails manufactured at EVRAZ ZSMK Rail and Beam Shop was carried out at the test loop of the Russian Railway Research Institute. Fatigue and crack resistance laboratory tests of the rails showed compliance with the best international practices, and these positive lab results have since been supported by field tests.
“Obtaining this certificate is an important milestone for EVRAZ as well as for the entire Russian railway industry,” commented Ilya Shirokobrod, EVRAZ Vice President and Head of the Railway Products Division. “We are now ready for mass production of this unique product, which will allow us to satisfy the demand of our key client - the Russian Railways. Furthermore, we will be able to lay the basis for the establishment of a high-speed railway network in Russia. In addition, our head-hardened rails have good prospects in terms of export and will be able to compete with the leading global manufacturers in the international market.”
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For further information:
Media Relations:
Vsevolod Sementsov
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871[email protected]
Investor Relations:
Sergey Belyakov
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370[email protected]

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Russian Metals: The highest wave of protection

The Russian metallurgical sector was the object of an investigation in 60% of cases within the period from 1995 to 2013 against 29% throughout the world. Besides, there is tendency over the last years when two or more investigations are held simultaneously with regard to one and the same product.
There was monitored the avalanche-type introduction of protective measures on one and the same product in various regions of the world in some segments of the metallurgical market - under the principle of the domino.

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Natalia Komarova: Ugra to open a window to the Polar Urals

Yugra will open a window to the Ural Mountains, Natalia Komarova, the KhMAD Governor, stated during the Council meeting on the investment activity.
At the meeting the head of the region emphasized that it was time for a new industrialization of the northwest Ugra. The Ural Mountains is a real resource treasury. And it is necessary to unlock its potential for the needs of the Russian and Ugra economy. "We have relied on the development of the Berezovsk area, wide construction of transport and energy networks, the launch of large investment projects. If we speak the language of the historical analogy, we have to open a window to the Polar Urals, - Natalia Komarova stated. - This task is doubly relevant in the current geopolitical and macroeconomic conditions in which our country can unconditionally rely only on our own raw materials and domestic sources of growth".

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The Media: Gazprom, Rosneft and Russian Railways to be obliged to adopt a new corporate code.

On September 1st the RF Government intends to implement a new corporate governance code in prescriptive order into 13 major public joint-stock companies including Gazprom, Rosneft, Rostelecom, Aeroflot, Russian Railways, VTB and Sberbank, "the Kommersant" newspaper wrote on Tuesday. This will reduce the leverage of the direct government influence, as well as strengthen the rights of the minority shareholders.
The Code of Corporate Governance, approved in February, is designed to increase the responsibility of the board of directors to protect the minority shareholders from major shareholders fraud, to arrange the payment of remuneration of top managers and to strengthen the institution of independent directors in the state-owned companies.
"The government has started the development of the guidelines for board members of 13 state-owned companies, under which those will start work on the implementation of the provisions in the documents of JSC corporate governance code since September 1, 2014. This implies a shift to the formation of the Board of Directors in "Gazprom", Sberbank, "Rosneft" and Russian Railways, in which at least one third will be independent, in 2015" - the newspaper informed.

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New metal works can appear in Eastern Siberia

Vtorchermet will supply ferrous metal scrap for a ferrous metal plant, the first one in Eastern Siberia. Its construction will start in August or September 2014 in Bratsk, the Irkutsk region. The company is one of the initiators of the project and will build the plant for its own funds. It will also raise credits. Maybe, the project will be supported by the local budget. No federal budget support is planned.

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Russia can raise the duties for steel bars imports from the Ukraine from September

Under the note of the department for the protection of the internal market of the United Economic Community, on August 27th they will hold the public hearings in Moscow devoted to the antidumping investigation against imports of the Ukrainian steel bars to Customs Union. The investigation began in November 2013. On August 19th 2014, the Eurasian Economic Commission could agree the decision on the increase of the antidumping duties for steel bars imported from the Ukraine. The duty can increase from 5% to 9.81%. The preliminary duties are valid for 4 months.
The initiators of the investigation are Evraz ZSMK, NSMMZ, ChMK, Severstal and MMK. The point of the investigation is hot rolled steel bars with equal solid cross section along the full length in a form of circles, in coils, or cut by fixed length.

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Severstal has invested 6.3 billion rubles to the Russian enterprises

In H1, Severstal Russian Steel invested 6.3 billion rubles into its Russian enterprises including 70% to the projects in the Vologda region. The company allocated over 4 billion rubles of the total volume of investment planned for 2014 into the improving of business efficiency and an increase in production, the maintenance of the major funds and ecological actions at Cherepovets metal works, the CEO of Severstal Russian Steel S. Toropov says.
The list of the large projects aimed at the improving of business efficiency and an increase in production, includes the construction of the utility for the grinding mills production for the satisfying of growing own needs of Severstal raw material enterprises. Within this investment direction, they have nearly completed the projects addressed to the construction complex. They are pipe mills for construction pipe production in the sort rolled steel shop and the crashing and sorting utility in the coke agglomeration blast furnace shop built for production of slag with high durability specifications and for enlargement of scrap yield with high iron content that will be used in other shops for a reduction in expense into commodities production.

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Norilsk Nickel has replaced the CEO of Kola GMK

I. Ryshkel, the former Chief Engineer, the CTO of Kola GMK, has become its CEO. The ex-CEO S. Besedovsky leaves the company because he’s decided to concentrate his efforts on the realization of other projects.
The new CEO should first of all realize the projects aimed at the strategic development of the company, the ecological and technical safety,the improving of the efficiency of the large investment projects and staff potential development of the Kola production site, the First Vice CEO, the Operational Officer of Norilsk Nickel S. Dyachenko says.

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