Monday, 18.03.2019
Russian miner-steelmaker Evraz has announced that its full-year core earnings last year were the strongest since 2008, according to Sharecast. The company said that higher prices of steel and vanadium and a weaker ruble were among the reasons for the positive results. Evraz, co-owned by oligarch Roman Abramovich, reported...
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...
Palladium prices hit another record high on Tuesday, surging above $1,550 as the threat of strikes by South African mineworkers added to supply concerns in an already tight market, Kommersant reports. The silvery-white precious metal has risen 21 percent so far this year on a sustained supply deficit. Russia...
Russia’s Industry and Trade Minister Denis Manturov said during a working meeting with President Vladimir Putin on Monday that the country’s manufacturing industry grew by 2.6% in 2018, state-run news agency TASS reports. "Overall the results are positive in all sectors of industry. Manufacturing industry grew by 2.6%," he...
Russian automobile manufacturer AvtoVAZ is in talks with Iran over the sale and assembly of its cars in the country, Izvestya reported. “Avtovaz has been assembling its cars in Egypt. Negotiations are underway with a number of other countries, such as Iran,” Viktor Kladov, the director of international cooperation and...
Australian companies have been facing difficulties with supplying coal to China, since clearing times through Chinese customs have sharply increased, Vedomosti reports, adding that Russia is one of the possible alternatives sources of the commodity. China is the world’s main coal consumer and the largest importer (about 19% of world...
Mining giant Glencore is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported on Tuesday, citing sources. The output cut is likely to be temporary as the company looks for new ways to mine...
Russia's largest alloy rims manufacturer, K&K LLC, will start using virtual testbeds for testing new products, EurekAlert reports. This R&D project was carried out by the CompMechLab Engineering Center, the core of the Advanced Manufacturing Technologies Center of the National Technology Initiative (NTI) of Peter the Great St. Petersburg Polytechnic University...
Russia and Algeria have discussed the possibility of starting production of the Russian Lada car in that African country, Russia’s energy minister Alexander Novak, who also serves as co-chairman of the intergovernmental commission with Algeria, told reporters, according to Rossiyskaya Gazeta. "We also discussed the possibility of setting local production...
The Russian State Institute of Drugs and Good Practices, part of the Ministry of Industry and Trade, plans to inspect five British pharmaceutical manufacturers for compliance with good manufacturing practice (GMP) in 2019, the institute’s director Vladislav Shestakov has said, according to RIA. On Tuesday, the institution signed a cooperation...