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RUSSIA plans to become one of the world’s largest producers and exporters of tin in the coming years, expected to take place through the investment of up to USD250 million developing some of the country’s largest tin fields.

According to officials at Russia’s energy ministry, some of these funds will be provided directly by the state, with the remainder allocated by private investors, who will be responsible for the implementation of the project.…

While moves in the knitwear sector are afoot to overtake ‘fast fashion’ with sustainable products and processes, the ultimate push to become certified organic is proving an unnecessary step too far for many producers.

There is widespread support in the industry to embrace sustainable business practices and boost eco-credentials for yarns and knitwear items.…

MINIMUM wage increases undertaken every two years by the Malaysian government are doing more harm than good to the country’s low-skilled workers, an expert has warned.

Dr Carmelo Ferlito, senior fellow at Malaysia’s Institute for Democracy and Economic Affairs (IDEAS) argued that a higher minimum wage could help create a “higher unemployment rate among the low-skilled workers due to automation.”…

A smarter approach to asset integrity is proving to be the cost-effective answer to corrosion and erosion in ageing oil and gas assets. Indeed, the global oil and gas industry is maintaining a sharp focus on costs as operators grapple with ‘end or extend’ decisions over the commercial life of ageing assets in a lower-for-longer oil price environment.…

THE FIRST phase of building the Istanbul Grand Airport (IGA), in Turkey, set to be the world’s largest such facility, is more than half complete, although a projected opening of early 2018 is not expected to be met.

There are some 20,000 people working on the project, forecast to rise to 30,000 as work progresses and developments around the airport get underway, such as an associated Airport City, including shopping malls, hotels and entertainment facilities, according to Istanbul Grand Airport (IGA), the airport’s operator.…

For the past year, passengers flying out of Hong Kong International Airport (HKIA) have had to cough up a Hong Kong dollars HKD70-180 (USD9-23) Airport Construction Fee for the privilege. Should they want to see where their money is going, they need only look northwards from the glass-sided terminal to observe the construction of the hub’s third runway, which is due to be completed in 2024.…

WORK is advancing on a major expansion of Santiago’s Pudahuel International Airport to cope with Chile’s rapidly-growing aviation market. But airlines feel they are bearing more than their share of the USD1 billion construction cost.

Officially known as Arturo Merino Benítez International Airport, the facility has been Chile’s gateway to the world since it opened 50 years ago.…

THE CHAIRMAN of the Cherkizovo Group, one of Russia’s largest meat producers and processors, is to consolidate his stake in the company through the acquisition of 21.3% of its shares, which are currently owned by Prosperity Capital Management, one of Russia’s largest investment funds.…

WITHOUT European Union (EU) supervision, the fight against fraud, in the UK at least, will become more difficult after ‘Brexit’, European fraud experts claim.

“London is already known to be a major money laundering centre, so that can only get worse once the EU ‘strings’ have been severed,” predicted Hugh Penri-Williams, fraud consultant and vice president of the Association of Certified Fraud Examiners (ACFE) France.…

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.…