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West Siberia’s arbitration court upholds appellate decision in business...
The Federal Arbitration Court of the West Siberian District upheld a recent ruling by appellate court ruling on Tuesday, in which Gennady Vasilyev was found to have no legal claim to any businesses...
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KRU donates two ambulances to miners’ health center
KRU has provided funding for the purchase of two ambulances to be donated to the State Research Center of Miners’ Health in the Kuzbass region in honor of the clinic’s 20th anniversary. The State...
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Raspadskaya Coal Co. halts operations at Mezhdurenchensk after carbon...
Raspadskaya Coal Company recently halted operations at its Mezhdurenchensk mine following the detection of excessive levels of carbon monoxide. The suspension of work at Raspadskaya began on May 14,...
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Evraz’s Raspadskaya Coal Co. reforms board committees, elects chairman
Evraz’s Raspadskaya Coal Co. recently made changes to its board with the election of a new chairman and reformed its board committees. Last month, at Raspadskaya’s annual general meeting of...
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Mechel subsidiary Carbon to supply China’s Shasteel Group with coking coal
Under a recently signed agreement, Mechel’s Carbon subsidiary will provide China’s Shasteel Group with 40,000 to 80,000 tons of coking coal per month from Russian Far East ports, beginning this month....
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UMMC meets with IDGC of Volga to discuss Orsk power connection
Last Thursday, delegates from Russian power supplier UMMC met with technical experts from IDGC of Volga to discuss the creation of the Orsk CHP electrical power line and substation. The existing plant...
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Mechel’s board authorizes buyback of up to $100 million in ADRs
Mechel recently anounced its board has authorized the buyback of up to $100 million of ADRs representing Mechel’s common shares. The company will occasionally make the purchases in open market or...
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Gazprom meets with France’s GDF Suez to discuss Nord Stream
Gazprom Deputy Chairman Alexander Medvedev met with Jean-Francois Cirelli, the president of France’s GDF Suez, at the St. Petersburg International Economic Forum on Friday to discuss cooperative...
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Russia approves Mechel’s revised subsoil license conditions for Elga deposit
Mechel announced this weekend that the Russian Federal Subsoil Resources Management Agency approved the revised schedule for the works under the subsoil license agreement for development of its Elga...
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Trans-Baikal government deems SUEK’s Apsat project significant for area
Russia’s Trans-Baikal recently announced that the SUEK’s Apsat coal field development project has been qualified as an investment project of territorial significance. The Apsat coal field project...
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Vorkutaugol’s key objectives re-stated by Severstal
Vadim Larin, the resources CEO for Severstal, recently re-stated the key objectives of Vorkutaugol, a major coal producer in Russia and also part of Severstal Resources. The objectives include focusing...
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Gazprom to supply Naftogaz Ukrainy with $1 billion advance gas payment
Gazprom hosted a meeting between Chairman Alexey Miller and Evgeny Bakulin, the head of Naftogaz Ukrainy, on Wednesday, leading to an agreement to supply Naftogaz with a $1 billion advanced payment for...
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Raspadskaya to release second quarter operating results
Evraz subsidiary Raspadskaya plans to release its preliminary operating results for the second quarter and first half of the year on July 12. Raspadskaya is a compact integrated coal and mining and...
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SUEK named “Regional Program of the Year” for support of small, medium...
SUEK was recently named the winner of the Ministry of Economic Development and Entrepreneurs’ “Regional Program of the Year” for its work in supporting small and medium-sized business. The award was...
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Mechel passes resolutions at shareholders meeting
Last week, Mechel held its annual shareholders meeting in Moscow and passed a number of resolutions. Shareholders passed a resolution to not pay out dividends on ordinary shares. Dividends of...
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SUEK hosts industrial safety conference
SUEK recently held a conference on priorities in industrial safety, an event attended by over 150 representatives of regional SUEK enterprises, as well as government supervisory entities and...
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Mechel appoints Pavel Shtark as new CEO
Mechel announced on Monday the appointment of Pavel Shtark as the company’s new CEO. Shtark will replace current CEO Boris Nikishichev, who is retiring from the company after eight years of service....
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TPP Pleven purchases 100 percent of shares in TPP Rousse
Mechel announced on Monday that privately-held Bulgarian power company Toplofikatsia Pleven has purchased 100 percent of the shares in Toplofikatsia Rousse–a deal valued at $37 million. As part of the...
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KRU sends 270 employees’ children to Pearl of Russia on Black Sea
Kuzbassrazrezugol–known as KRU–sent 270 of its employees’ children on a three-week trip to the Pearl of Russia, a top resort on the Black Sea coast, last Thursday. The children will participate in the...
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Mechel begins universal rolling mill operation at Chelyabinsk Metallurgical
Mechel announced the opening of its universal rolling mill at Chelyabinsk Metallurgical Plant during an official ceremony on Tuesday. The universal rolling mill represents the first of its kind in...
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