Search Results for: Russian

BY MARK ROWE
UKRAINSKY Aluminium, owner of the Ukraine’s only aluminium plant has vigorously rejected government accusations that it has failed to meet investment obligations in the country. It has responded by threatening to file a lawsuit of its own against the Ukrainian government in order to prove it has fulfilled its commitments.…

BY MARK ROWE
AUSTRALIAN specialised technology firm Ausmelt has signed a US$9.5 million contract to provide its technology to modernise the Karabashmed copper smelter in Russia’s Urals region. Work on an engineering design for a new Ausmelt furnace and an electric settling furnace will begin immediately and the new plant is set to commence operations in the second half of 2004.…

BY MARK ROWE
RUSSIA’S Vsampo-Avisma Group, Europe’s top titanium producer, is planning to sell as much as 27 per cent of its stock at an initial public offering on foreign exchanges. Moscow-based Troika Dialog brokerage will advise on the sale, according to Vsmpo-Avisma’s deputy general director Vyacheslav Bresht.…

BY MARK ROWE
RUSSIA’S Norilsk Nickel has announced long-terms plans to boost its modernisation plan begun last year across its plants and products. Norilsk spent US$351 million on modernisation in 2002 and plans to invest the same amount in 2003, the company said.…

BY KEITH NUTHALL
THE ROYAL Dutch/Shell Group has said its US$1.16 billion joint venture with Sibir Energy to tap west Siberian oil fields was told by Russia to halt work because of alleged breaches of licence conditions and Russian objections to changes in the companies’ development plans.…

BY MARK ROWE
DANISH confectionary giant Dandy’s Dirol-Cadbury has won an injunction to continue operating its plant in the Russian town of Novgorod despite government efforts to close it down for alleged unspecified breaches. Russia’s National Resources Ministry said it had decided to suspend Russia’s largest chewing gum manufacturer for what it described as “the unauthorised release of harmful agents into the atmosphere” at the US$100 million factory.…

BY MARK ROWE
THE RUSSIAN government has threatened barring Turkish construction companies from operating in Russia unless Ankara reverses its refusal to buy gas via Gazprom’s US$3 billion Blue Stream pipeline. Ankara cut imports of Russian gas through the pipeline in a payment dispute.…

BY MARK ROWE
IN the days of the Soviet Union, many millions of men and women had a choice of one state-manufactured brand of shampoo, toothpaste or soap. If anything, the authorities managed to limit even further access to such “indulgences” as perfume.…

BY MARK ROWE
RUSSIAN Aluminium has confirmed that it has been in discussion with officials in Sierra Leone about a possible takeover of a bauxite mine in the country.

Officials at Sierra Leone’s Mineral Resources Ministry said that RusAl had put together an investment project for a bauxite mine in southern Sierra Leone and that the plans formed part of a wider strategic co-operation between the government of Sierra Leone and RusAl.…

BY MARK ROWE
THE RUSSIAN and Iranian governments have signed a protocol to cooperate in developing Iran’s coal industry. Russia’s energy ministry said it would work to improve all aspects of the industry, from coal production to processing. The Russians will initially help develop operations in the southern Iranian city of Yazd, the centre of Iran’s major coal producing region.…