News. Russian non-ferrous metallurgy news

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

RUSAL invested over USD 30 mln in launching its first new generation RA-550 pots

UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce the launch of pilot operation of eight new generation RA-550 pots at Sayanogorsk Aluminium Smelter. The total amount of investment in the project amounted to USD 30 mln. The project to develop the technology and launch the RA-550 site at SAZ was implemented within three years. The key advantage of this new development made by the Technical Directorate of RUSAL is its ...
18 January 2018., 15:20   comment

RUSAL reveals top 10 events of 2017

RUSAL has presented a list of the Company’s most important events and achievements in 2017. The achievements form part of the Company’s key deliverables and demonstrate its strategy in action, which is to enhance RUSAL’s operational efficiency and environmental performance, increase its share of value added products, and develop social infrastructure in the communities where RUSAL operates. The listed projects, both domestic and international, demonstrate the Company’s values and their implementation ...
29 December 2017., 10:05   comment

Norilsk Nickel signs a 5-year usd 2.5 billion syndicated facility agreement with international banks

PJSC MMC Norilsk Nickel announces the signing of a 5-year USD 2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the Company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be used for refinancing of the existing debt, financing of capital expenditures and general corporate purposes. Nornickel’s President ...
27 December 2017., 16:15   comment

LMZ SKAD lifts aluminium wheels production by 27% in 2017

RUSAL acquired a share of LMZ SKAD, one of the leading alloy wheels manufacturers in Russia, in April 2017. Following the acquisition, the implementation of RUSAL’s Production System and efficient processes have improved SKAD’s major business operations alongside the expansion of its product mix. By the end of 2017, the Company aims to increase the number of wheels produced, by 27% YoY to 1.1 million wheels per year. In order to strengthen its export market sales, SKAD has introduced a range ...
26 December 2017., 12:58   comment

Environmental responsibility programs of the Russian Copper Company are presented to the UN

During a tour of the ECOTECH 2017 Exhibition, RF Minister of Natural Resources and Environment Sergey Donskoy and Honorable Forum delegate, UN Deputy Secretary General, Executive Director of the United Nations Program for the environment Erik Solheim visited the RCC stand. The Minister described the RCC Exhibition to the high ranking guest as an example of the high priority placed on environmental safety and environmental protection by a major Russian mining and metallurgical holding company. ...
20 December 2017., 09:52   comment

RCC receives an award for environmental activities in 2017

Karabashmed JSC (a subsidiary of RCC Group located in Karabash, Chelyabinsk region) has received an award of the Ministry of Natural Resources and Environment of Russia for a successful implementation of measures specified under an Agreement signed as part of the Year of the Environment in Russia in 2017. The ceremony of the award presentation was held on 12 December 2017 in Moscow at the ECOTECH'17 International Forum during the 5th Nationwide Congress on environmental protection and the meeting ...
18 December 2017., 14:50   comment

RUSAL sets up the infrastructure for data center at NAZ

RUSAL starts its data center project development at its Nadvoitsy Aluminium Smelter in the Republic of Karelia. The data center will focus on providing IT services, including solutions for big data analysis, machine learning, and cryptocurrency mining-related operations. AA!LAB company has become the first project implementation partner to sign, alongside RUSAL, the Memorandum of Understanding regarding cooperation in the field of digital technologies. The first phase of the data center project ...
13 December 2017., 10:12   comment