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Chinese multinational company Shandong Ruyi Technology Group Co has confirmed it is considering investing USD600 million into textile and garment manufacturing plants in the northern Nigeria city, Kano. Talks between the Kano State Investment Promotion Agency and officials of the company have reached an advanced stage with a memorandum of understanding expected be signed in the next few months, said a note from the agency.…

Russia and three Gulf countries are planning to establish an aluminium industry association whose goal is reducing overproduction in the global market, raising prices for the metal.

Despite the ongoing diplomatic standoff between Qatar and its neighbours, the Russian government says it has already started talks with the governments of Bahrain, the United Arab Emirates (UAE) and Qatar, regarding establishing the new association.…

Hong Kong has long been used to stories about “brain drains” – talented youngsters lured to work abroad having had enough of the city’s overpricing, overcrowding and pollution. Montreal, Melbourne, Michigan, in fact just about anywhere looks better than somewhere like Mong Kok, a gritty section of Kowloon with a population of around 130,000 per square kilometre, where high-rises blot out the sun and there’s little in the way of open space.…

Donald Trump’s decision to pull the USA out of the Paris Climate Treaty has been universally viewed as a setback for moves to decarbonise the world electricity sector. Trump called for a new “fair” deal that would not disadvantage US businesses and workers and claimed that China and India had “no meaningful obligations” placed on them by the deal.…

Russia and three Gulf countries are planning to establish an aluminium industry association whose goal is reducing overproduction in the global market, raising prices for the metal.

Despite the ongoing diplomatic standoff between Qatar and its neighbours, the Russian government says it has already started talks with the governments of Bahrain, the United Arab Emirates (UAE) and Qatar, regarding establishing the new association.…

THE EUROPEAN Union’s (EU) projected comprehensive trade deal with Japan, agreed in principle at a July 6 EU-Japan summit in Brussels, will benefit exporters of Europe-produced non-ferrous metals, experts have told Metal Bulletin. Japanese non-ferrous metal exporters are more cautious about the potential benefits for their industry, however.…

The Russian government, together with private investors, plans to invest up to USD300 million in developing the Usinskoe manganese field, the largest manganese reserve in Russia, located in Kemerovo Oblast, in southwestern Siberia.

The project is expected to be implemented by a local mining company, CJSC CHEK-SU.VK,…

THE RUSSIAN government has announced that is planning to invest an additional Russian Rubles RUB145 billion (USD2,5 billion) into rejuvenating the country’s textile manufacturing sector. In the latest initiative designed to kickstart this ailing industry, the ministry of industry and trade has release a new approved strategy (on May 25) – it is designed to run until 2020.…

THE OWNER of a major digital printing business in Brazil has predicted that the country’s finishing sector will abandon traditional colouring techniques by 2027. Marcelo Castelão, the sole owner of La Estampa, a Rio de Janeiro-based printing company, told WTiN.com: “Within five to 10 years, the cylinders will be gone.…

THE BURGEONING automotive manufacturing sector of central Europe’s Slovakia is paying close attention to an inquiry by the European Union (EU) executive, the European Commission, into how its government supports the sector. The upcoming decision by the Commission, which has powers to ensure national governments do not distort the EU’s single market by subsidising local industrial champions, could have significant implication for the future of Slovakia’s auto sector.…