Further to the announcement on December 30th, 2005, OJSC Novolipetsk Steel has completed the acquisition of an additional 25.37% stake in KMA Ruda from companies affiliated to the shareholders of Lebedinsky GOK. As a result of this transaction NLMK now has a controlling stake of 58.26% in KMA Ruda.
In line with the Resolution of the Energy Commission of the Lipetsk Region dd. 30 December 2005 “On tariffs for electric energy supplied by OJSC Novolipetsk Steel (NLMK) and transmission services” the following tariffs have been set effective from 1 January 2006 to 31 December 2006:
OJSC Novolipetsk Steel (LSE: NLMK) today released its trading update for Q4 2005 and for the twelve months ended 31 December 2005.*
