Saturday, August 8, 2020
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...
Mercedes-Benz Cars has appointed new sales management in China, the U.S. and Russia, with veteran exec Holger Suffel put in charge of the company’s Russian unit, the Financial Post reports. Suffel started at the former Daimler-Benz AG in 1981 and held various management positions within the company in Product...
American carmaker General Motors has left its joint venture with Russian producer AvtoVaz, and will no longer have an assembly operation in the country, Automotive News Europe reports.  The two companies previously assembled Chevrolet-branded automobiles for the local market, but GM lost interest after the market took a turn for...
A Russian company is among three foreign firms which have placed bids for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, the Economy Ministry said, according to SeeNews. The ministry’s statement did not name the companies, but according to Russian media, the firm in question is...
Russia and the African state of Niger have inked a contract for the supply of 12 Mi-35 attack helicopters at the Russia-Africa Summit in Sochi, Izvestia reports. Niger's Foreign Minister Kalla Ankourao said the aircraft will be used to fight the Boko Haram terrorist organization in the country. According to the...
Russian state-controlled carrier Aeroflot is to purchase six re-engined medium-haul Airbus A320neo family aircraft, according to documents posted on the country’s public procurement portal. Deliveries of the aircraft are scheduled for 2020, Rusaviainsider.com reported. The carrier placed a request for proposal (RFP) with a value up to US$566 million to...
One of the biggest diamond miners in the world, Russia’s Alrosa and China’s Anjin Investments, have been selected by Zimbabwe’s government to partner with the state diamond company, a state-run newspaper reported on Thursday, according to Mining.com. Zimbabwe announced in December that it would allow two private companies to explore...
U.S.-sanctions-hit Russian company Power Machines, owned by billionaire Alexei Mordashov, has decided to fully withdraw from its joint venture with a subsidiary of Siemens and sell its 35% share to the German industrial giant, sources told Kommersant. Under the terms of the joint venture, Power Machines has an option once...
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...
Russian mining and steel company Evraz has reached an agreement to sell its wholly-owned subsidiary Evraz Stratcor Inc., based in Arkansas, to a third party in July 2019, TASS reported citing the company’s 1H financial report released on Thursday. "The group expects that the sale of this subsidiary will not...