Articles by Samantha Shields



Usmanov's Metalloinvest to Spend $3Bln on Steel Mills

  • 09 October 06
  • Bloomberg
Alisher Usmanov's Metalloinvest will spend $3 billion to upgrade its steel mills with Germany's Demag to produce pipes for the oil and gas industry.

RusAl, UES in $4Bln Smelter Deal

  • 19 December 05
  • Bloomberg
Russian Aluminum and national power utility Unified Energy Systems said on Friday that they would spend $4 billion in Siberia on a new smelter and completing a power plant.

Banks Gear Up for Novolipetsk Sale

  • 15 November 05
  • Bloomberg
Novolipetsk, the country's fourth-largest steelmaker, may sell shares to the public at the start of next month in what could be London's biggest offering this year for a steel producer, said investors including John Coast Sullenger at Lombard Odier Darier Hentsch.

Evraz Profit Soars Fivefold in 2004

  • 12 May 05
  • Bloomberg
Evraz, Russia's largest steelmaker, said 2004 profit soared almost fivefold and revenue more than doubled as it prepares to sell shares to the public for the first time.

Lion's Share in Buyback Goes to Norilsk Owners

  • 14 February 05
  • Bloomberg
Vladimir Potanin and Mikhail Prokhorov, the controlling owners of Norilsk Nickel, got about 83 percent of the cash the company paid out to buy back shares as profit surged last year, amid surging world prices for the miner's nickel and palladium.

SUAL Boosts Output on High Prices

  • 21 October 04
  • Bloomberg
SUAL, the aluminum maker that is seeking $2.1 billion for a new refinery and smelter, increased output of all its products this year as aluminum prices gained as much as 20 percent.

Fradkov: State to Take Active Role in Industry

  • 28 September 04
  • Bloomberg
The government will take an active role in managing industry as it seeks to curb inflation and open markets to attract investment, Prime Minister Mikhail Fradkov said Monday.

Severstal's '03 Net Triples to $591M

  • 16 September 04
  • Bloomberg
Severstal, which makes nearly a fifth of Russia's steel, said Wednesday its 2003 profit based on international accounting standards more than tripled as domestic demand rose.

Yevraz Cuts Steel Output on Falling Asian Prices

  • 09 August 04
  • Bloomberg
Yevrazholding, Russia's largest steelmaker, reduced steel production in the first seven months of the year after Asian prices dropped as China's government sought to slow that country's economic growth.

Miller Braces Severstal for Gas Price Hike Next Year

  • 06 August 04
  • Bloomberg
Gazprom told Severstal, the country's No. 3 steelmaker, that natural gas will be more expensive next year after prices rose this year for steel pipes, boosting the gas giant's costs.

$150M in Loans for SUAL Mine

  • 06 August 04
  • Bloomberg
SUAL, which mines almost two-thirds of Russia's bauxite, will borrow $150 million from banks including BNP Paribas and the European Bank for Reconstruction and Development to help finance a refinery and smelter at its Komi mine.

Norilsk Down on Falling Prices

  • 04 February 04
  • Bloomberg
Norilsk Nickel, the world's largest nickel and palladium producer, said 2003 profit was less than analysts' forecasts because of trading losses in London and a drop in palladium prices that may cause writedowns in the United States.

Two Top Steel Makers Negotiating a Merger

  • 29 September 03
  • Reuters
Two of Russia's biggest steel producers on Friday denied a $5 billion to $6 billion merger was imminent.

Speculators Turn to Second-Tier Stocks

  • 05 September 03
  • Reuters
Second-tier stocks, long ignored or tapped only for short-term speculative gains, are starting to attract investors as shares in the largest companies appear expensive and economic growth is accelerating.

At 5 1/2 Year Record, RTS Approaches 500

  • 18 June 03
  • Reuters
The benchmark RTS index hit a new 5-1/2 year high Tuesday, extending a rally that traders and analysts said was no bubble about to burst.

World Power Emerges From the Taiga

  • 10 June 03
  • Reuters
Sergei Andrushenko has worked at the gigantic Krasnoyarsk Aluminum Smelter (KrAZ) in remote Eastern Siberia for 22 years.

Aeroflot 2002 Profit Soars Past $100M

  • 28 March 03
  • Reuters
Flag carrier Aeroflot said Thursday that net profits to Russian accounting standards soared 149 percent in 2002 and that it expected to be able to raise dividend payments.

WBD Sales Jump 22% to $825M

  • 18 March 03
  • Reuters
Wimm-Bill-Dann, Russia's top juice and dairy firm, posted disappointing 2002 net profits on Monday but sales suggested its aggressive regional expansion should eventually pay off.

Aeroflot Flies 5.5 Million, Expects 5% Growth in 2003

  • 28 January 03
  • Reuters
Flag carrier Aeroflot said Monday it expects passenger numbers to recover and profits to soar this year.

At 70, Magnitogorsk Steels for Big Change

  • 27 June 02
  • Reuters
Magnitogorsk Iron and Steel Works says it is well placed to weather any storms in world steel markets.

Aeroflot: Net Profits Up but 2002 Traffic to Slow

  • 25 March 02
  • Reuters
Aeroflot maintained profit levels in 2001, riding out the industry crisis that followed the Sept. 11 hijacked plane attacks in the United States, and expects to double them this year.

RTS Passes 305 to Reach 4-Year High

  • 04 March 02
  • Reuters
The benchmark Russian Trading System index on Friday jumped 5.06 percent on new cash inflow and rising oil prices to close at 305.47, its highest level in nearly four years.

Market Rebound Deemed Solid

  • 10 December 01
  • Reuters
Though unlikely to match the record highs of 1997, the RTS' solid growth is likely to continue into 2002.

Kazakh Germans Left in Limbo

  • 26 November 01
  • Reuters
Town mayor Albert Rau is used to hearing the same old question - ""When are you leaving for Germany?""

Snub Suggests Policy Shift in Favor of West

  • 19 November 01
  • Reuters
Improved relations with the U.S. may allow Russia to spurn OPEC's demands for a cut in oil output.

RTS Leaps To a New 2001 High

  • 14 November 01
  • Reuters
The benchmark RTS index jumped 5.61 percent to a new 2001 closing high of 236.53 on Tuesday.

Caspian Holds Breath Over Afghan Turmoil

  • 11 October 01
  • Reuters
A speedy resolution of the Afghan problem is key to unlocking the oil and gas riches of the Caspian Sea.

UES Threatens to Cut Off KrAZ

  • 07 May 01
  • Reuters
Unified Energy Systems said Friday it would fully cut off Krasnoyarsk Aluminum Plant's power supplies Thursday if an agreement was not reached in a dispute over payments.

Khristenko Says Baltic Pipeline Is On Track

  • 26 March 01
  • Reuters
Russia expects to boost its crude oil export capacity by bringing on stream a new pipeline and terminal on the Gulf of Finland by the end of this year, officials said Friday.

Scientists Deny Reports of 3 Mad Cow Deaths

  • 22 March 01
  • Reuters
Russian scientists Wednesday sought to reassure people that the country was free of the deadly human form of mad cow disease after reports of three deaths from it last year.