Friday, 17.08.2018
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...
Spanish clothing brand Zara has reportedly agreed on a deal to produce hats and scarves in a Russian textile factory, after a year of negotiations, RBC reported. Zara’s parent company, clothing giant Inditex, signed a deal with Morozovskiye Traditsii, a Russian clothes manufacturer based in Tver, 175 kilometers north of Moscow, anonymous...
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...
Russia’s engine manufacturer NPO Energomash and the U.S. United Launch Alliance (ULA) have signed new contract to supply six RD-180 rocket engines to the United States in 2020, Energomash’s Chief Executive Officer Igor Arbuzov said on Tuesday. According to Izvestya, the negotiating process was long, and Russia’s Defense Ministry...
Russian companies reported the lowest degree of confidence since the start of 2018 as the country’s manufacturing activity decreased for the third month in a row in July, Markit purchasing managers’ index showed on Wednesday, according to Reuters. The index remained below the 50.0 mark that separates expansion from contraction...
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...
Russia will no longer produce the An-124 jumbo aircraft and is planning a new super-heavy aircraft to replace the Ukraine-designed “Ruslan” by 2027, Izvestya reports. The An-124 Ruslan is a heavy long-range transport aircraft designed in the Soviet Union. Historically, the Ruslan has been a staple of military and civilian...
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...
Among numerous classified ads for used things and cars, an unusual ad for the sale of two whole factories appeared - the Tushinsky Mashinostroitelny Zavod (TMZ) and OJSC (Tushinsky Machine Building Plant). The assets of the two facilities were estimated by the sellers at 10.35 billion rubles ($163 million),...
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...