Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Severstal' PAO    CHMF   RU0009046510

News SummaryMost relevantAll newsSector news 

Severstal' OAO : Severstal Resources and Moscow Mining University sign Cooperation Agreement

share with twitter share with LinkedIn share with facebook
share via e-mail
12/14/2012 | 02:59pm CEST


Severstal Resources (OAO Severstal's mining division) and the Moscow Mining University (Russ. "MGGU") have signed a cooperation agreement to improve the MGGU-based joint student program.

The agreement was signed at the MGGU in a ceremony attended by  Agnes Ritter, Operations Director at Severstal Resources, and Andrei Belyshev, the Division's HR Director.

Mr Belyshev said: "Our people are our major asset. Our main area of investment is our personnel, followed by machinery and equipment. We believe that this is what makes Severstal so successful in implementing its development strategy. We set far-reaching goals, and we need young leaders who stand out from the crowd to attain those. We hope that the improvement of MGGU's student program will help the company to engage young blood."

Severstal is wholly committed to building up its team of manufacturing and technical specialists and reinforcing the workforce capacity at its existing and prospective facilities in Russia and abroad. Students who complete their MGGU program and production practice will be offered employment at one of the company's business units. Moreover, this will be a managerial position from the very start.

Ms Ritter said: "Our company is focused on innovation and implementing best practices at manufacturing facilities. Therefore, we are continuously seeking new efficient ideas and tools. We need people with good communication skills and fluency in English, as well as with extensive technical knowledge: this is a new generation for the mining and steel-making industry that is capable of carrying our large-scale and promising projects."

Severstal's initial cooperation with MGGU began more than seven years ago to create sector-oriented classes at schools in regions where Severstal had a presence to offer practical training for students and to establish a "young professional" status for graduates at the company's business units. Starting in 2012, as part of the partnership program, MGGU launched extracurricular mining training sessions for sector-oriented students. There are currently about 150 students from regions where Severstal has a presence studying at MGGU.

The Moscow State Mining University is one of Russia's leading technical institutions of higher education and trains mining engineers to the highest level. MGGU comprises 5 academic departments and 39 divisions, out of which 24 divisions produce new graduates; there are 22 professional qualifications available.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SEVERSTAL' PAO
07/28 SEVERSTAL' PAO : Severstal paid off Eurobonds to the amount of $255 mln
07/21 SEVERSTAL' PAO : Severstal reports Q2 and H1 2016 financial results
07/04 SEVERSTAL' OAO : ex-dividend day for final dividend
07/04 SEVERSTAL' OAO : ex-dividend day for interim dividend
06/30 SEVERSTAL' PAO : Report on Payments to Governments in 2015
06/29 SEVERSTAL' PAO : Cancellation of Convertible Bonds due 2017
06/28 PAO SEVERSTAL : - Results of the Annual General Meeting
06/27 SEVERSTAL' PAO : Severstal Board of Directors re-elects Chairman and Senior Inde..
06/24 SEVERSTAL' PAO : Results of the Annual General Meeting
04/26 SEVERSTAL' PAO : PAO Severstal announces the placing of U.S. $200 million Senior..
More news
Sector news : Steel - NEC
08/22 ARCELORMITTAL SOUTH AFRICA : to pay record $110 mln to settle anti-trust charges
08/21DJFORTESCUE METALS : Net Profit Triples, Dividend Jumps
08/17 THYSSENKRUPP : Rio prosecutors investigate tax breaks for ThyssenKrupp plant
08/16DJSome Firms Intensify Push for Gender Parity at Board Level
08/16DJBHP Billiton Reports Worst-Ever Annual Loss
More sector news : Steel - NEC
Financials ($)
Sales 2016 5 912 M
EBIT 2016 1 567 M
Net income 2016 -
Debt 2016 745 M
Yield 2016 6,85%
P/E ratio 2016 6,14
P/E ratio 2017
EV / Sales 2016 1,86x
EV / Sales 2017 1,83x
Capitalization 10 238 M
More Financials
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 11,4 $
Spread / Average Target -6,6%
Consensus details
EPS Revisions
More Estimates Revisions
Vadim Aleksandrovich Larin General Director & Director
Alexey Alexandrovitch Mordashov Chairman
Alexey Gennadievich Kulichenko Director & Deputy General Director-Finance
Agnes Ritter Director-Production & Technology
Mikhail Vyacheslavovich Noskov Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
VALE SA50.34%27 047
NIPPON STEEL & SUMITOM..-14.28%19 326
POSCO--.--%17 304
More Results