Search Results for: Russia

BY KEITH NUTHALL

THE EUROPEAN Bank for Reconstruction and Development (EBRD) has decided to lend US$85.6 million to develop an open-pit gold mine and processing works, in the Tynda district of Amur region, in remote southern Siberia. The Berezitovy mine’s operating company Berezitovy rudnik is owned by High River Gold Mines Ltd, of Canada.…

BY KEITH NUTHALL

THE EUROPEAN Commission has cleared joint control of a Cypriot company Coke Oven Overseas Contribution Ltd by Mitsui & Co, of Japan, and the Evraz Group, of Luxembourg. The joint venture will exploit the Denisovskaya coal field in Yakutia, east Siberia, selling to Asian customers.…

BY ALAN OSBORN

A new EU energy policy involving investment of some 1,000 billion euros in infrastructure and technologies is expected to be approved in broad outline by the EU heads of government at their summit in Brussels later this month though a major dispute over the cross-border take-over of key companies is still unsettled.…

BY DAVID EIMER, in Beijing

"Build nuclear power, enrich the people", proclaim the billboards at China’s Qinshan nuclear facility in the south-eastern province of Zhejiang. Qinshan, a 120 kilometres south of Shanghai, is the centre of China’s nuclear sector and home to five of the country’s nine operational reactors.…

BY KEITH NUTHALL

THE EUROPEAN Bank for Reconstruction and Development is planning to lend Russia’s United Bakers company US$30 million to finance moves to make packaged biscuits, by boosting finances, buying modern biscuit manufacturing equipment, and acquiring an (unnamed) cereal factory.…

BY KEITH NUTHALL

IT is not always the case that an initiative tackling an mining environmental problem also directly improves the health and safety of miners, but this is true for a new World Bank project to remove methane from Chinese coal mines.…

BY LUCY JONES

A new kind of executive is cutting an impression in the traditionally male-dominated brewery boardrooms. They are dedicated, tough and often young – and being female, a rare breed in the drinks environment.

As the beer business expands and perceptions change, women are increasingly rising to the top of the industry.…

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency (MIGA), of the World Bank, has issued US$313 million in guarantees to an international consortium wanting to develop a gold mine in remote, desolate Chukotka, Siberia. The money has been pledged to developer Canada’s Bema Gold Corporation and backers Société Générale, of France: Bayerische Hypo-Und Vereinsbank, of Germany; and Mitsubishi, of Japan.…

BY KEITH NUTHALL

THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend Russia’s United Bakers company US$30 million to finance working capital, restructure debt, buy modern biscuit manufacturing equipment, and acquire rival businesses, notably an (unnamed) cereal factory.…

BY KEITH NUTHALL

THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is supporting a US$58 million investment programme for upgrading the Vladpivo brewery, in Trudovoye, near Vladivostok, in Russia’s far east. Working with Detroit Investments and the Alfa Group’s A-1 Group Limited, the IFC will lend Roubles 255 million (Euro 7.5 million) to brewery owner Vladpivo and make a US$5.3 million equity investment in the company’s parent, the Far East Brewing Company.…