Saturday, August 8, 2020
Gold production in Russian in January stood at 17.84 tons, up from 15.67 tons in the same period in 2018, the country’s Finance Ministry said on Wednesday, according to Finmarket. Production for the period included 14.11 tons of mined gold compared with 12.26 tons a year ago, the ministry...
Coal production in Russia in 2018 increased by 5.9% year-on-year to 433.4 million tons, according to the Central Dispatching Department of Fuel Energy Complex (CDU TEK). Coal exports rose by 2.6% to 191 million tons in the reporting period, Newsnn.ru reported citing official data. Deliveries of Russian coal to the domestic market rose...
U.S. car manufacturer Ford will pay around $200 million in cash to workers and suppliers who lose their jobs when the company closes three of its plants in Russia in June, the company said in a statement. The U.S. automaker officially announced this week it is closing two assembly...
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...
Turkey has finished its special protecting probe on steel imports from Russia, without imposing restrictions, Russia’s Industry and Trade Ministry said in a statement on Tuesday, according to Mail.ru News. Turkey is the largest export market for Russian steelmakers. "As a result of an investigation, the Turkish side made a unanimous...
Russian authorities have opened an investigation into a potash mine fire which has killed eight miners, The Associated Press reports. Rescue teams in the Ural Mountains are still looking for a construction worker trapped inside the burning potash mine owned by the Uralkali company after the bodies of eight...
IPG Photonics, a Britain-based laser manufacturer, argues in a new court filing that the company will continue to lose business as long as CEO Valentin Gapontsev is listed as a Russian oligarch and U.S. tensions with Russia continuing to escalate, the Worcester Business Journal reports. Gapontsev is a Russian-American billionaire...
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,”...
South Africa-based mining equipment supplier Weba Chute Systems has appointed Russian polyurethane producer Somex as its licensee in Russia, the company said on Tuesday. Weba Chute’s managing director Mark Baller says the selection of Somex as its partner in Russia is in line with the company’s long-term goal of...
Russia’s leading producer of tubular products for the oil and gas industry, TMK Group, has announced its operational results for the fourth quarter and twelve months of 2018, Finam.ru reports. Total pipe shipments grew 6% year-on-year, to 4 010 000 tons (t), mainly driven by higher seamless OCTG shipments...