News. Russian non-ferrous metallurgy news

RUSAL and the Ministry of Health of the Russian Federation announce completion of the vaccination against Ebola with a Russian vaccine

UC RUSAL together with the Ministry of Health of the Russian Federation, announced the completion of the vaccination against the Ebola virus in the Republic of Guinea. Two thousand people have received the GamEvac-Combi vaccines during the testing programme conducted in Guinea at the Scientific Diagnostic Centre for Epidemiology and Microbiology (SDCEM). The centre was an initiative of Oleg Deripaska’s and was built by RUSAL during the height of the Ebola epidemic in 2015. GamEvac-Combi vaccine ...
26 December 2018., 12:27   comment

UMMC signs debut EUR100m PXF syndicated loan

Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals in Russia signs a debut EUR100m syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC ROSBANK and SOCIETE GENERALE. Raiffeisen Bank International AG and AO Raiffeisenbank acted as documentation agent and Raiffeisen Bank International AG acts as facility and security agent. The borrower under the facility ...
26 December 2018., 12:25   comment

Nordgold Reports Results of General Meeting

The General Meeting (the “Meeting”) of Nord Gold SE (“Nordgold” or the “Company”), the internationally diversified gold producer, was held on Friday, 28 September 2018, at 11 am BST at the offices of Celtic Resources Holdings Limited, Fetcham Park House, Lower Road, Fetcham, Leatherhead, Surrey, KT22 9HD. At the Meeting, the resolutions set out in the notice of the Meeting were proposed and passed on a poll. The voting figures are shown below. A total of 336,066,776 ordinary shares (representing ...
10 December 2018., 15:33   comment

Norilsk Nickel Board of Directors recommends interim dividend for the first half of 2018

The Board of Directors of MMC Norilsk Nickel, the world’s largest refined nickel and palladium producer, has set the Extraordinary General Meeting of shareholders (EGM) date on September 19, 2018 and the EGM record date (the list of shareholders eligible to vote) on August 27, 2018. The Board of Directors has recommended for the EGM approval an interim dividend for the first half of 2018 in the amount of RUB 776.02 per ordinary share (approximately USD 11.37 at the RUB/USD exchange rate the ...
10 December 2018., 15:18   comment

Enviromental Approval Granted To Udokan Mmining And Metallurgical Plant

According to the Order of the Directorate of Rosprirodnadzor (Federal Service for the Supervision of Use of Natural Resources) for Zabaikalye Region, the state environmental expert committee of the federal level approved design documentation for Udokan Mining and Metallurgical Plant Stage 1 with the capacity of 12 mtpa of ore. The expert committee found that Udokan Mining and Metallurgical Plant project prepared by Baikal Mining Company fully complied with the environmental requirements established ...
10 December 2018., 15:15   comment

Start of construction of Udokan Mining and Metallurgical Plant

Governor of Zabaikalye Region Natalya Zhdanova, Chairman of the Board of Directors of Baikal Mining Company Valery Kazikaev and General Director of Baikal Mining Company Yury Ryabov solemnly declared start of construction of Udokan Mining and Metallurgical Plant. A memorial stone was placed at the construction ground level, with embedded special case containing a letter to succeeding generations. Chairman of the Board of Directors of Baikal Mining Company Valery Kazikaev pointed out that Udokan ...
09 July 2018., 16:36   comment

RUSAL restarts operation of teh Friguia alumina refinery in Guinea

UC RUSAL (486 Hong Kong, RUAL Moscow Exchange), a leading global aluminium producer, is pleased to announce the restart of the FRIGUIA ALUMINA REFINERY in Guinea. The official ceremony to mark the restoration of the Friguia refinery was attended by the President of Guinea, Alpha Conde, the Russian Ambassador to Guinea, Alexander Bregadze, as well as the management of RUSAL. This follows agreements reached in 2016 between the Republic of Guinea and the company, which provide for the ramp up of ...
21 June 2018., 14:56   comment

Rusal increased revenue despite U.S. sanctions

Russian aluminum giant Rusal on April 11 warned of expected harm to its business from U.S. sanctions, sending its shares down more than 7% despite the company reporting a 20% jump in first-quarter core profit. Washington last month announced sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ Group and GAZ Group, in response to what the United States said were Russia’s «malign activities». Though Rusal said longer-term ...
18 May 2018., 11:32   comment

In 2018 UMMC will invest about 3,5 bln.RUB in capital construction of Gaisky GOK

Ural Mining and Metallurgical Company will invest about 3,5 bln. RUB in development of PJSC “Gaisky GOK (a part of UMMC commodity-based complex), which exceeds equivalent figures for 2017 by 1 bln. (34%). Over half the investment budget, about 2,25 bln.RUB, is planned to be channeled into implementing a project “Underground mine development” on the level of 830-1310 m. "The project includes a wide range of works to be done: stope sinking, bolting and fitting as well as construction of new crushing ...
05 November 2018., 11:30   comment

RUSAL to complete a feasibility study for an industrial-scale scandium plant in 2018

RUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the Company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at the Urals Aluminium Smelter (UAZ). The technology encompasses processing red mud from alumina refineries and making scandium oxide as a by-product. This advancement boasts ...
13 February 2018., 13:15   comment

Norilsk Nickel and Russian Platinum sign strategic partnership agreement

PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and LLC Russian Platinum have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel and 50%-owned by Russian Platinum. Nornickel will contribute to the JV its license for Maslovskoe deposit, while Russian Platinum will contribute ...
02 December 2018., 17:08   comment

BMC proceeding with comprehensive environment impact assessment of Udokan Mining and Metallurgical Plant

These activities imply comprehensive assessment of compliance of construction and operation of Udokan Mining and Metallurgical Plant with the environmental requirements established by the Government of the Russian Federation with the aim to prevent negative impact that planned operation of the deposit might generate on the environment, including, among other things, recommended preventive and mitigation activities as well as environment monitoring and control measures. Environment Impact Assessment ...
26 January 2018., 15:21   comment