Friday, 24.05.2019
Production at Russian miner Polymetal International’s new Kyzyl mine in Kazakhstan has started after the completion of all construction and commissioning activities, Mining Technology reports. The first gold concentrate from Kyzyl was supposed to leave the mine next month, as per the company’s January 2018 updated plan. The capital expenditure for...
Azerbaijan and Iran will soon export cars produced as part of a joint project to Russia, Ukraine and in the member countries of the Commonwealth of Independent States (CIS), Trend news agency reports. The joint venture will operate in the existing Khazar Car Factory”, said Sabina Nobari, head of IKCO (Iran Khodro...
Falling demand for cigarettes in Russia and a shrinking market due to rising prices has forced British American Tobacco Russia (BAT Russia) to close its factory in Saratov, SPBDnevnik reported last week, citing state-run. Representatives of the company wrote about the move on their official website, saying that the Saratov...
Russian steel and coal producer Mechel said on Wednesday it had prolonged a deal on coal supply with China's Jidong Cement until the end of 2019. Mechel will supply up to 2 million tons of coal to its Chinese partner, the company said in a statement, adding that this is...
The Board of precious mining company Polymetal International has approved the expansion of pressure oxidation operations at its operations in Russia and authorized the immediate start of construction at its POX-2 project, Mining Weekly reported. A recently released feasibility study on the project showed that the second POX line...
The world’s second-biggest aluminum producer, Rusal, has doubled the capacity of its smelting plant in Boguchansk in Siberia, to 298,000 tons a year, the company said after launching the upgraded smelter, according to Business Recorder. The move, which is part of a bigger project by Rusal, comes two months...
U.S. agricultural company Archer Daniels Midland Co. (ADM) inked a deal to buy a stake in corn mills in Russia, the company said on Thursday. A statement said the agricultural merchant is seeking to broaden its business in the face of a global grain glut that is hurting profits. According...
Nord Pool, the leading power market in Europe’s Nordic region, restored access on Tuesday to Rusal’s Swedish aluminum smelter after it was suspended from trading last month in the wake of U.S. sanctions on the Russian company, Reuters reported. Nord Pool suspended Rusal’s Kubal smelter from trading on its exchange on April...
Russia has been removed from the list of producers of components for Ukraine’s An-178 transport aircraft, the country’s President Petro Poroshenko has said, according to the Kyiv Post. “The Ukrainian beauty, An-178, has recently made a demo flight in the suburb of London at the international air show Farnborough Airshow,”...
The brand new Russian presidential limousine was revealed to the public at the Moscow International Automobile Salon (MIAS), a biennial auto show held at Crocus Expo, TASS news agency reports. The new Aurus Senat limousine from the Cortege project was first shown during Vladimir Putin's inauguration ceremony on May 7. Since then, the...