Sandvik Mining and Rock Technology has secured a contract with SUEK (Sibirskaja Ugolnaja Energetitscheskaja Kompanija) for the supply of 12 mechanical cutting machines for various mines located in Siberia, Russia.
Russia Mining News
The world’s top diamond producer held six auctions this year in the Middle Eastern country.
Russia makes a move to support sanctioned aluminium producer Rusal.
Social desirability is important enough for consumers to ignore that battery-powered technology is currently more expensive than internal combustion engines.
According to Fitch Solutions, slightly higher prices and stronger company financial positions are encouraging greater mine investment.
Nornickel’s current capex plan includes $6.5-7.5 billion for its base investment programme and $2.5 billion for its environmental programme.
CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes.
The company has sold 119 gem-quality rough diamonds with a total weight of 1,890 carats.
The plan includes 19 years of open-pit mining in 2019-2037.
A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019.
U.S. authorities had given Russian tycoon Oleg Deripaska until Dec. 12 to reduce his holdings in the three companies but said in a statement that the deadline had been moved to Jan. 7, 2019.
ALROSA's total diamond sales in January-October 2018 grew 6% YoY.
The company achieved solid production and generated a positive cash flow.
Q3 down 61% from 2017.
The diamond's age is estimated at 350 million years, it weighs 51.49 carats and measures 23 by 22 by 15 mm.
One of Russia's largest steel producers has postponed a decision on the restart of hot-rolled steel production at its Turkish plant.
While MMK said it sees stable demand for steel products in its markets, it warns that global steel prices could put pressure on results.
The World Gold Council found that gold demand reached 964.3 tonnes in Q3.
Japan's top aluminium rolling company is removing Rusal from its suppliers list for next year due to uncertainty over U.S. sanctions.
Nornickels consolidated copper output has risen by 20% to 290,878 tonnes in the first nine months of 2018.
President Vladimir Putin, who attended the opening ceremony, said the new operation reinforced the state-controlled firm's position as a diamond world leader.
Deal is part of Chaarat’s intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which aims to reach through acquisitions.
The gold miner has given up on Kumtor and decided to focus its efforts on completing a deal for Armenia-based Kapan Mining instead
Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.
Figure is fivefold increase from August, up 3,400% y/y