Germany’s chemical giant BASF and Russian mining conglomerate Norilsk Nickel (Nornickel) have inked a new deal for nickel and cobalt supply, Reuters reported.
The deal will see BASF build a new factory to produce battery cathode materials in Harjavalta, Finland, adjacent to a Nornickel cobalt and nickel refinery.
The deal seeks to capitalize on...
Higher demand from Russia’s Central Bank and lower demand in China has led one of the country’s biggest gold traders, VTB Capital, to reduce gold exports in 2018, its commodities head, Atanas Djumaliev said, according to Financial One.
The Russian central bank, one of the world’s largest holders of...
A Russia-financed new plant for production of pipes in a protective shell with thermal insulation may soon be built in Uzbekistan, media in the country reported.
According to Azer News, the plant’s founders will be Russia’s Ural Pipe Insulation Plant, the Ministry of Housing and Communal Services of Uzbekistan and...
A unique gem-quality rough diamond, transparent with a visible yellow shade and weighing 98.8 carats, was mined at Zapolyarnaya kimberlite pipe, which is the part of the Verkhne-Munskoye diamond deposit on February 17, Russian diamond producer Alrosa said in a statement on Wednesday, according to AK&M.
"This is the second...
A final investment decision on Sukhoi Log, one of the world's largest untapped gold deposits, is expected by 2020-2021, Russian gold miner Polyus said on Thursday, adding that capital spending on construction will begin at around the same time.
In case a positive investment decision is made, production would start around 2026,...
Russian billionaire Oleg Deripaska has agreed in principle to reduce his stake in Russia’s En+ Group, which manages his aluminium and hydropower assets, to less than 50%, CNN reports. The move, by which the businessman is ceding control over the group, comes after U.S. authorities suggested easing of sanctions...
Russia’s space industry is producing rocket engines no one wants to buy in order to beef up statistics, mirroring a policy last seen during the Soviet Union, Lenta reports in a series of articles.
According to the author, Andrey Borisov, Russian firms are continuing to produce rockets the United States...
A nearly half-billion dollar contract issued to a Chicago-based steel company to make bunker-buster bombs is being revoked after complaints by lawmakers about the company's ties to a Russian oligarch, Bloomberg reports.
The Air Force awarded a contract worth $419.6 million to A. Finkl & Sons Co. to produce bomb...
Washington’s sanctions against Aerocomposit (part of Russian state-run conglomerate United Aircraft Corporation) and ONPP Technologia (part of Rostec) have jeopardized the creation of what the company calls a "black wing" made of composite material for Russia’s key project in civilian aviation sector - the MC-21 jet, Kommersant reports citing...
Russia's manufacturing activity expanded at the fastest pace in five months in December, driven by accelerated growth in output and new orders, survey data from IHS Markit showed, Business Insider informs.
The Purchasing Managers' Index climbed to 52.0 in December from 51.5 in the previous month. That was in line...
