Russia-based diamond producer Alrosa has sold its most expensive stone to date, the 51-carat Dynasty diamond, The exquisite gem was part of a larger collection that brought in approximately $10 million for the mining giant, according to Mining.com.
The Dynasty diamond was the centerpiece and focal point of the Dynasty...
The announced construction of a BMW plant in Hungary will not affect plans of the manufacturer to launch production in Russia, a source in the regional administration of the Kaliningrad region has said, according to Contruction.ru.
This week, BMW announced it will invest $1.17 billion to build a new plant...
Russian Deputy Prime Minister Yury Borisov has said that Moscow doesn't plan to mass produce the next-generation T-14 Armata battle tank anytime soon, Business Insider reports.
Instead, the Russian military will continue to rely on older platforms such as the T-72B3s (fitted with explosive reactive armor), an upgraded variant of...
One of Russia’s biggest steel producers, MMK, has decided to put the launch of a lucrative project in Turkey on hold due to the uncertainty created by global trade wars, Andrey Eremin, the company’s director for economics, told Reuters in an interview.
The company was supposed to re-launch hot-rolled steel...
South Africa and Russia have recommitted themselves to the continued implementation of their MoU on Platinum Group Metals, Mining Journal reports.
This follows the third annual PGMs conference which took place in Johannesburg.
The conference, which was held in the lead-up to South Africa hosting the 10th annual BRICS Summit, agreed...
Swedish steel company SSAB has agreed to divest its Ruukki Construction’s business operations in Russia to the Salavatneftemash Open Joint Stock Company, SteelTimesInt reports.
The transaction is expected to complete in the fourth quarter of this year and is subject to the approval of the Russian anti-monopoly authority. The transaction...
Russia’s Industry and Trade Minister Denis Manturov has launched a new online portal dedicated to the second edition of the Global Manufacturing and Industrialization Summit (GMIS), to be held next year in Russia, Trade Arabia reports.
According to the Russian government, the Summit – which will follow its inaugural event held in...
Russia's manufacturing activity contracted for the second straight month in June, IHS Markit said in a press release. The seasonally adjusted Purchasing Managers' Index, or PMI, dropped to 49.5 in June from 49.8 in May. Any reading below 50 suggests contraction in the sector.
The latest decline was driven by...
Chinese company Hebei Bishi wants to construct a shipbuilding steel plant in Russia’s Primorsky Region with a capacity of 1 million tons, which is three times greater than the actual needs of Russian shipyards, Kommersant reported.
Local officials say the region needs such a plant, because the country’s biggest shipyard, Zvezda,...
A Russian company, NEBO, successfully copied a U.S. inflatable antenna prototype for use in military satellite communication, after photographs of the American device was posted on the internet, Rossiyskaya Gazeta reports.
”The U.S. Department of Defense placed an order for 36 inflatable antennas and posted photos of the device on...
