Key Developments: Tulachermet OAO (TYMTI.RTS)

TYMTI.RTS on Russian Trading System (Paufor)

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23 Dec 2011
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Latest Key Developments (Source: Significant Developments)

Tulachermet OAO recommends no FY 2013 dividend
Tuesday, 8 Apr 2014 01:53am EDT 

Tulachermet OAO:Recommends not distributing dividends for the fiscal year 2013.  Full Article

Tulachermet OAO's Parent Company Intends to Commence Brownfield Project to Construct Steelmaking and Rolling Mill
Monday, 16 Sep 2013 08:00pm EDT 

KOKS Group announced that it intends to construct a new steel mill to produce long and structural steel products with the use of modern technologies at its Tulachermet OAO subsidiary. Project capacity of the new mill’s first production stage is expected to be around 1 million tons per annum (p.a.) of continuously casted square billets. 80% of the furnace charge for steel production would be captive hot pig iron with the remaining being cold charge in the form of scrap and other materials. Main technological parameters of the mill are still to be determined. Negotiations have started with potential equipment and technology suppliers such as SIEMENS, SMS GROUP, DANIELI, TENOVA, STG, SYTCO. By autumn 2013 construction site is to be determined and feasibility study is to be completed as well. Construction period of the new mill’s first production stage will be around 3 years.  Full Article

Tulachermet OAO Increases Stake in Tul'skoye predpriyatiye teplovykh setey OOO-SKRIN
Friday, 2 Aug 2013 12:27am EDT 

SKRIN reported that Tulachermet OAO has increased its stake in the share capital of Tul'skoye predpriyatiye teplovykh setey OOO from 29.83% to 33.75%.  Full Article

Tulachermet OAO Appoints Chairman of Board of Directors-SKRIN
Thursday, 27 Jun 2013 01:16am EDT 

SKRIN reported that Tulachermet OAO has appointed Mr. Andrey Borisovich Zubitskiy to the post of the Chairman of the Board of Directors.  Full Article

Tulachermet OAO Appoints Auditor-SKRIN
Monday, 17 Jun 2013 01:18am EDT 

SKRIN reported that Tulachermet OAO has appointed Audit-Optim-K OOO as its auditor.  Full Article

Tulachermet OAO Recommends no FY 2012 Dividend Payment-SKRIN
Sunday, 28 Apr 2013 11:28pm EDT 

SKRIN reported that the Board of Directors of Tulachermet OAO has recommended no dividend payment for the fiscal year 2012.  Full Article

FAS Approves Tulachermet OAO's Motion to Acquire 16.3% Stake in Metinkom OOO-AK&M
Sunday, 3 Mar 2013 07:00pm EST 

AK&M reported that the Federal Antimonopoly Service (FAS) has approved Tulachermet OAO's motion to acquire 16.3% in Metinkom OOO. Further details were not disclosed.  Full Article

FAS Allows Tulachermet OAO to Acquire Whole Stake in Chermet Media OOO-AK&M
Wednesday, 27 Feb 2013 07:00pm EST 

AK&M reported that the Federal Antimonopoly Service (FAS) has approved Tulachermet OAO's motion to acquire 48.9% in Chermet Media OOO, FAS reported. Subsequently, the Company will own 100% stake in Chermet Media OOO.  Full Article

Tulachermet OAO Receives Two Credits From Gazprombank-Interfax
Thursday, 27 Dec 2012 05:24am EST 

Interfax reported that Tula-based pig iron producer Tulachermet OAO (Tulachermet), part of Koks group controlled by coke producer Koks OAO, has secured a pair of credit lines from Gazprombank totaling RUB 4.5 billion. A credit line of RUB 500 million was obtained that is repayable by the end of July 2014, with the bulk of it to be paid off by July 8. The funds are provided at a rate of not more than 20% per annum, but not less than two-fifths of the Central Bank of Russia refinancing rate for credits in rubles and not less than LIBOR for the corresponding period on credits in foreign currency, the Company said. The other credit line of RUB 4 billion, is repayable before the end of December 2015, with the bulk of it to be repaid by the 24th of that month, according to the credit agreement terms. The funds will be dispersed in tranches, each of which can be open for a period of not more than 365 days. The interest rate depends on the currency lent and the time frame. For credits in rubles the rate is not more than 10.7% per annum, if in USD not over 6%. At the beginning of this month, Tulachermet announced plans to supply Industrial Metallurgical Trading with $500 million worth of pig iron in the period from November 2012 to December 2016. The Company's materials indicate that security is valued at $1.4 billion, with $500 million as the value of the contract with Industrial Metallurgical Trading and $900 as the value of a contract with Alpicom S.A.  Full Article

Tulachermet OAO Might Supply USD 500 Million of Pig Iron to Swiss Company Industrial Metallurgical Trading-Interfax
Monday, 10 Dec 2012 04:12am EST 

Interfax reported that Tulachermet OAO (OJSC Tulachermet), part of the Koks Group, might supply Switzerland's Industrial Metallurgical Trading SA with up to USd 500 million worth of metal products from November 2012 to December 2016, according to the Company's materials. Tulachermet OAO's shareholders approved this transaction at an extraordinary meeting on December 7, 2012.  Full Article

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