History of the Сompany

2013

Metalloinvest signed a contract with Primetals Technologies GmbH (Austria) and Midrex Technologies, Inc. (USA) for the construction of the third HBI plant (HBI-3 Plant) at Lebedinsky GOK with a production capacity of 1.8 million tonnes per year.

Ural Steel finished the planned decommissioning of the open-hearth production to increase its economic efficiency and environmental safety.

Fitch revised the outlook for Metalloinvest from Stable to Positive and reaffirmed its BB- longterm issues default rating. Moody’s upgraded the Company’s credit rating from Ba3 to Ba2 with a Stable outlook.

The Company issued RUB-denominated bonds for an amount of RUB 10 billion (approximately USD 330 million at an average nominal USD to RUB exchange rate in 2013 of 31.82) with a coupon rate of 8.9% per annum, maturity date in 2023 and an early redemption option in 2018. The raised funds were used to repay ruble bank loans.

Metalloinvest successfully issued USD 1 billion Eurobonds with a coupon rate of 5.625% and maturity date in 2020. The raised funds were used to refinance USD 1 billion out of the remaining USD 2.15 billion syndicated loan (PXF).

2012

The Company raised RUB 25 billion (about USD 823 million) through its debut issue of ten-year RUB-denominated bonds with an early redemption option in three years and a coupon rate of 9.0%.

Metalloinvest sold its transport subsidiary Metalloinvesttrans to Globaltrans. The deal was worth USD 569 million.

OEMK was the only Russian company to win a 2012 Schaeffler Supplier Award from Schaeffler Group, the leading global manufacturer of frictionless bearings. The award has confirmed that the quality of Metalloinvest’s products meets the highest international standards.

Standard & Poor’s assigned Metalloinvest a long-term credit rating of BB- with a Positive outlook.

Lebedinsky GOK completed the first stage of HBI-2 Plant’s modernisation. Mikhailovsky GOK began equipment installation at Pellet Plant #3.

Metalloinvest launched a new corporate brand.

2011

Metalloinvest raised a USD 3.1 billion syndicated loan (PXF), the largest in Russia in the post-financial crisis period. In 2013, Metalloinvest paid back a USD 700 million loan ahead of schedule.

Fitch assigned Metalloinvest a long-term rating of BB- with a Stable outlook.

Metalloinvest successfully issued USD 750 million Eurobonds with maturity in five years and a coupon of 6.50% per annum.

Metalloinvest signed the Memorandum on Corporate Social Responsibility.

2010

Metalloinvest was the first Russian metals and mining company to pass REACH registration.

IMC confirmed an increase in Metalloinvest’s proven and probable iron ore reserves from 13.8 billion to 14.9 billion tonnes according to JORC international classification.

Moody’s assigned Metalloinvest a long-term rating of Ba3 with a Stable outlook.

A finishing plant at Rolling Mill 350 was put into operation at OEMK.

2009

Metalloinvest and Rosnedra signed a licencing agreement to develop the Udokan copper deposit.

2008

Gazmetall was renamed Holding Company METALLOINVEST, and was reorganised into an open joint-stock company.

Ural Steel reconstructed Plate Mill 2800 and its electric arc furnace plant, to provide a total capacity of 2 million tonnes of steel per year.

2007

Lebedinsky GOK completed the construction of the HBI-2 Plant.

Mikhailovsky GOK introduced new concentrate flotation technology.

2006

Metalloinvest’s assets (Mikhailovsky GOK and Ural Steel) were consolidated with the assets of Gazmetall (Lebedinsky GOK and OEMK).

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