Nord Gold N.V. ("Nord Gold") , a former subsidiary of OAO Severstal ("Severstal") UK:SVST -0.34% (rt:CHMF), announces that the separation of Nord Gold from Severstal via a Private Exchange Offers transaction (the "Exchange Transaction") is complete.
SEVERSTAL Mining News
Russian mining group Severstal plans to boost production of coking coal and expects iron ore mines in Liberia and Brazil to come online by 2017, the company said Thursday in a presentation to investors in London. CEO Vadim Larin predicted the price of both materials used in steelmaking will remain high and forecasts limited supply growth as current market turmoil delays new projects, Platts reported:
Russia's top steelmaker Severstal (CHMF.MM: Quote) said on Thursday its crude steel output rose to 3.65 million tonnes in the first quarter 2011, up 5 percent from the same period last year. However, production was down 5 percent compared with the last quarter 2010, when output reached 3.84 million tonnes.
World first technology and strategic Russian/South African partnership set to assist in conquering the global 1.3 billion tonne steel market
An initial investment by OAO Severstal, one of the world’s leading integrated steel and mining companies, into South African company Iron Mineral Beneficiation Services (IMBS), could see IMBS’s cutting-edge technology enter the global market and […]
The Russian miner is hoping to boost its mining operations in Guyana, offering to buy the shares it doesn't already own for 43% more than where they were trading on Tuesday. Read more