Saturday, October 19, 2019
The world’s largest diamond company, Russia’s Alrosa, has appointed Rebecca Foerster as president of its U.S. operations, a role in which she will work on developing the miner’s polished sales in the country, the company said, according to Diamond World. Foerster, who was previously executive vice president of strategic planning...
German auto giant BMW will build its planned new vehicle assembly plant in Russia in the Khrabrovo Industrial Park in the exclave of Kaliningrad, just-auto.com reported citing local newspaper Rossiyskaya Gazeta. The region lies tucked between Lithuania and Poland on the Baltic coast. The location will give the carmaker an...
After a Russian government’s idea for higher taxes on mining and chemical companies became public last week, spokesman Dmitry Peskov explained that President Vladimir Putin agreed that the government “needs to work on the initiative.” Economic experts have been less than kind to the idea, said to come from close...
The CEO of Rusal, one of the world’s biggest aluminum producers, has said the company had fully resumed supplies of primary aluminum to the United States and Europe to the level prior to U.S. sanctions imposed last year. "The volume of supplies to Europe and U.S. has been fully resumed...
The number of industrial robot units in Russia increased by 42% to 1,007 units in 2018, Vedomosti reported on Thursday citing data by the International Federation of Robotechnics (IFR). However, the market remains negligible with five robots per 10,000 employees versus a global average of 99. In terms of sales...
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...
Russian gold mining company Polyus has signed an agreement to provide a credit line facility with Sberbank in a total amount of 65 billion rubles ($975 million) due in 2024, to refinance existing Sberbank credit line facility due in 2019, the company said in a statement published by the...
Egypt’s Assistant Transport Minister Amr Shaat has suggested that Russian-Hungarian consortium Transmashholding-Hungary, a Russian-Hungarian building consortium, should construct of a railcar manufacturing plant in Egypt, according to Sputnik news agency. In late September, the consortium and Egyptian National Railways (ENR) won a state tender and signed a five-year contract on the delivery of...
Survey data from IHS Markit showed last week that Russia’s manufacturing sector contracted at a slower pace in July, mainly on further declines in output and new orders.  The Purchasing Managers’ Index, or PMI, for the manufacturing sector rose to 49.3 in July from 48.6 in June. Any reading below...
Germany’s industrial manufacturing conglomerate Siemens has filed a writ of appeal to Russia’s Supreme Court challenging the lower court’s decision to deny its lawsuit to two subsidiaries of Russia’s state-owned corporation Rostec, Vedomosti reports. According to the court’s register, the writ of appeal was filed by Siemens and Siemens Gas Turbines...