• American Arconic sold its aluminum business in Russia

    American Arconic sold its aluminum business in Russia

    Arconic Corporation, a producer of aluminum products from the USA, sold its Russian business for $230 million, the company announced on November 16. The buyer of the asset was the company “Industrial Investments” of businessman Mikhail Shelkov. He is also the main shareholder (65%) of the largest Russian titanium producer — “VSMPO-Avisma”. In Russia, Arconic belonged to the Samara Metallurgical Plant (“Arkonik SMZ”). The deal was closed after receiving all necessary permits, the American company explains. In its message, Arconic indicates that the company’s funds stored in Russia “were unavailable due to the legal proceedings” initiated by the Federal Antimonopoly

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  • Ukraine wants to confiscate Oleg Deripaska’s assets

    Ukraine wants to confiscate Oleg Deripaska’s assets

    The government of Ukraine plans to confiscate all the property of businessmen Oleg Deripaska and Serhiy Kurchenko, former Minister of Defense of Ukraine Pavlo Lebedev and ex-president Viktor Yanukovych located in the country. Ukrainian Prime Minister Denis Shmyhal announced this on September 12. “The government re-imposes sanctions on Sergey Kurchenko, Pavlo Lebedev, Viktor Yanukovych and Oleg Deripaska in terms of blocking their assets and assets they may be involved in. This decision is necessary in order to finally confiscate all their property on the territory of Ukraine in accordance with the new legislation,” the politician wrote in his Telegram channel.

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  • Rosnedra will develop a domestic system of classification of reserves of solid minerals

    Rosnedra will develop a domestic system of classification of reserves of solid minerals

    By the end of 2022, Rosnedro plans to develop a Russian system for the classification of solid mineral reserves (TPI). This was announced on September 7 during the meeting of the Supreme Mining Council at VEF-2022 by the head of Rosnedr Yevgeny Petrov. The official explained that in October, Rosnedra will begin testing the new methodology with companies, which will allow us to understand the relevance of the chosen approach, first of all, “from the point of view of geological and economic assessments of TPI deposits.” He also emphasized that the classification should be harmonized with international assessment methods, but

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  • In Europe, metallurgical plants began to stop because of expensive electricity

    In Europe, metallurgical plants began to stop because of expensive electricity

    Slovakia’s largest aluminum plant, Slovalco, has announced the suspension of primary aluminum production from September due to a sharp increase in the cost of electricity. Pravda, a Bratislava newspaper, reported this on August 17. The publication clarifies that, taking into account high electricity prices, the production of aluminum in 2023 is “economically impractical.” “Decision [об остановке производства] up to 300 main employees of the plant and more than 1,000 employees of subcontractor companies will be affected, since the stoppage of production will also reduce the need to purchase services from suppliers in the region. At the moment, we are concentrating

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  • The Ministry of Industry and Trade predicts rapid growth of non-ferrous metallurgy in 2025-2030

    The Ministry of Industry and Trade predicts rapid growth of non-ferrous metallurgy in 2025-2030

    The production of non-ferrous metals in Russia by 2030 may not only recover to the pre-crisis level, but also significantly exceed the indicators of 2021. Such a forecast is described in the draft strategy for the development of metallurgy until 2030, prepared by the Ministry of Industry and Trade, which “Vedomosti” got acquainted with. As “Vedomosti” reported on August 8, in the current version of the draft strategy for the development of the industry, two scenarios are proposed – basic and conservative (more pessimistic). According to the base scenario, aluminum production in Russia by 2030 may amount to 5.3 million

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  • MMK reduced steel output by 15% in the II quarter

    MMK reduced steel output by 15% in the II quarter

    Viktor Rashnikov’s MMK cut steel output in the second quarter of 2022 by 15% year-on-year to 2.9 million tons, according to the company’s announcement. Production of pig iron during the same period decreased even more – by 22%, to 2.1 million tons. In the first half of 2022, MMK produced 6 million tons of steel, 9.5% less than in the first half of 2021. Iron smelting for the first half of the year decreased by 17.3% to 4.3 million tons. Sales of metal products fell even more. In the second quarter, the decrease was 29% to 2.4 million tons, for

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  • Are British sanctions against Vladimir Potanin dangerous for Norilsk Nickel?

    Are British sanctions against Vladimir Potanin dangerous for Norilsk Nickel?

    On June 29, the British government included Vladimir Potanin, the largest shareholder of Norilsk Nickel, in the sanctions list, the press service of the British Parliament reported. The sanctions were imposed due to Russia’s special military operation (SVO) in Ukraine. The new British sanctions list includes a group of individuals, including the chairman of the board of directors of the Colmar coal company Anna Tsivileva, her husband, the governor of the Kemerovo region Sergei Tsivilev, as well as Said and Sait-Salam Gutseriev – son and brother of businessman Mikhail Gutseriev. In addition, sanctions have been imposed on Colmar itself. A

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  • German Linde has stopped deliveries for the largest chemical complex in Ust-Luga

    German Linde has stopped deliveries for the largest chemical complex in Ust-Luga

    The German company Linde GmbH withdrew from a joint venture with Rushimalyans (50% each from Gazprom and Rusgazdobycha Artem Obolensky) for the production of helical cryogenic heat exchangers for the gas processing industry and gas liquefaction. According to the Unified State Register of Legal Entities, as of June 21, Rushimalyans is a 100% owner of Northern Technologies LLC. Linde previously had a 50% stake in the company. Earlier, Kommersant reported on the possible withdrawal of the Germans from the JV, citing sources familiar with the situation. Rushimalyans is setting up an ethane-containing gas processing complex (KPEG) in Ust-Luga (Leningrad Oblast).

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  • Highland Gold will buy gold mines in Russia from Canadian Kinross

    Highland Gold will buy gold mines in Russia from Canadian Kinross

    Highland Gold Vladislav Sviblov has agreed to buy Russian gold mining assets from the Canadian company Kinross Gold, both sides said in a deal on April 5. The purchase will amount to $ 680 million. The deal includes the Kupol and Dvoynoye mines in Chukotka, the Chulbatkan project in the Khabarovsk Krai, a number of areas for geological exploration and production infrastructure facilities. Kinross Gold says it will receive $ 400 million for the Dome and licenses for nearby areas and $ 280 million for Chulbatkan. Highland Gold explains that the calculations assume a one-time payment of less than 15%

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  • Canadian Kinross Gold will sell gold mining assets in Russia

    Canadian Kinross Gold will sell gold mining assets in Russia

    Canada’s Kinross Gold has begun talks to sell its gold mining assets in Russia, the company said on March 30. Kinross says it has received several offers to sell Russian business and is in “exclusive talks with an unaffiliated, non-sanctioned mining company” about the possible sale of all assets in Russia. The press release states that the permission of the Russian government will be required to withdraw from the assets or transfer control. Kinross also said that under agreements with a potential buyer, its companies in Russia continue to operate on a full-time basis, although the Canadian company will not

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  • UC Rusal has stopped the plant in Ukraine

    UC Rusal has stopped the plant in Ukraine

    The UC Rusal company founded by Oleg Deripaska stopped production at the Nikolaev alumina plant in Ukraine against the background of military special operation of Russia, the company reported on March 1. The release explains that production has been temporarily suspended “due to unavoidable logistical and transport problems in the Black Sea and surrounding areas.” “The number one priority for the group remains the well-being and safety of our employees and their families in Ukraine,” the statement said. The Nikolaev alumina plant is located in the southern part of the city of Nikolaev, works since 1980. In 2020 UC Rusal

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  • VEB.RF and VTB will finance “Russian Platinum” Musa Bazhayev for 180 billion rubles

    VEB.RF and VTB will finance “Russian Platinum” Musa Bazhayev for 180 billion rubles

    The Montenegrin mining company (ChGRK, part of the Russian Platinum Musa Bajaeva) has signed a loan agreement with VEB.RF and VTB to finance a project to develop the Montenegrin copper-nickel ore deposit in Taimyr. This was announced on February 2 by project participants. VEB.RF and VTB will provide the company with a syndicated loan in the amount of up to 180 billion rubles. for the construction of the first stage of the mining and processing complex (GOK) at the field. Funding will begin in February 2022. The total investment in the project is estimated at 240 billion rubles. For the

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  • Why the government has banned the export of fertilizers

    Why the government has banned the export of fertilizers

    Russia has banned the export of ammonium nitrate from Russia from February 2 to April 2, 2021, the government’s press service said on February 1. The decision was made to “ensure the successful completion of the sowing campaign by farmers, as well as the continuous operation of industrial enterprises,” the statement said. According to the First Deputy Prime Minister of the Russian Federation Andrei Belavusov, whose words are quoted in the message, this is a temporary measure due to the increased demand for nitrate in the domestic market. “The remaining volume can be exported from April 2, when Russian companies

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  • Rusnano has started debt restructuring.  What will happen to the remaining loans?

    Rusnano has started debt restructuring. What will happen to the remaining loans?

    “Rusnano” has signed the first debt restructuring agreement, it was signed with the largest creditor of the company – “Savkombank”, the company said on January 19. The agreement provides for early repayment of the loan of 15 billion rubles, as well as a retrospective recalculation of interest rates on it. The size of the bet and how much it will decrease, the parties do not disclose. At the end of 2021, Rusnano’s total liabilities to the bank amounted to 38 billion rubles. “The possibility of fulfilling the agreements is ensured by the successful completion of 2021 – the exit from

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  • Foxcon doesn’t want to be the only iron maker for IT giants

    Foxcon doesn’t want to be the only iron maker for IT giants

    “Steve Jobs’ accomplishments would have been impossible without Terry Gow,” Zhang Dianwen wrote in Tiger and Fox (2005) about how Gow founded Foxsonn, known as “Apple’s main assembly line.” Apple is an important customer, but not the only one. Creating Go gathers technology for Nintendo, Nokia, Sony, Xiaomi, Cisco, Google, Microsoft and many other well-known brands. And the campaign started with buttons for TVs. When Gow decided to make computer parts and traveled the world in search of customers, he saved on transportation and hotels. Last year, with a fortune of $ 7 billion, Gow was ranked 369th on Forbes

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  • How Belarusian potassium can circumvent Lithuania’s ban on transit

    How Belarusian potassium can circumvent Lithuania’s ban on transit

    On February 1, the Lithuanian government decided to terminate the Lithuanian Railways’ (LTG) contract with Belaruskali for the transportation of potash fertilizers. This is stated in a statement posted on January 12 on the website of the Cabinet of Ministers. The reason for the termination of the contract was called “the interests of national security.” The Lithuanian direction is one of the key ones for Belaruskali’s exports. The company delivers products to ports for further transportation by sea. The current agreement with the Lithuanian Railways was signed in 2018 and is valid until 2023, the volume of transportation – up

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  • How metallurgists made money on the market and paid for it

    How metallurgists made money on the market and paid for it

    One of the central topics in 2021 was the rise in prices for metal products, which affected a variety of industries – from construction to the automotive industry and energy. The rise in metal prices on the world market began in the IV quarter of 2020 – against the background of the gradual abolition of cavid restrictions. Russian prices have risen after the world ones. According to the rating agency “Rusmet”, the cost of fittings in early 2021 reached 68,653 rubles. per 1 ton, at the end of February the price dropped to 52,923 rubles, and from the second half

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  • A number of industry-affected pandemics are showing signs of recovery

    A number of industry-affected pandemics are showing signs of recovery

    In 2021, restrictions on services and trade were introduced due to the coronavirus pandemic, which, however, were milder than last year. This time the federal authorities limited themselves to non-working days from October 30 to November 8 (in Moscow and five other regions they started a few days earlier), and regional authorities introduced QR codes to enter the regions or access shopping malls (shopping centers), public food, hotels, fitness clubs, etc. The negative effect on business was also milder: in Moscow in November, the turnover of affected industries amounted to 4613 billion rubles., Which is 1.7 times more than in

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  • Gazprombank and Dmitry Bakatin sell 29.9% of IRC iron ore company for $ 96 million

    Gazprombank and Dmitry Bakatin sell 29.9% of IRC iron ore company for $ 96 million

    Axiomi Consolidation, a structure of Nikolai Levitsky, owner of “Deki” (creator of yeast brands “Nikolai” and “Stepan Timofeevich”) and former owner of the oil service “Geotech”, acquired 24.1% of the iron ore company IRC. The shares were bought out by Cerisier Ventures Limited, a member of Gazprombank (GPB), Axiomi reported on December 30. The deal amounted to $ 76.8 million. The same Axiomi Consolidation and Major Mining Partner, owned by Dmitry Bakatin, also sold their 5.8% stake in IRC for $ 19.2 million, the bank said. Bakatin is the managing director of Boris Yordan’s Sputnik investment group. According to Levitsky,

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  • How will the UC Rusal performance affect the launch of the Taishet plant

    How will the UC Rusal performance affect the launch of the Taishet plant

    UC Rusal has launched in the Irkutsk region the first Taishet Aluminum Plant (TaAZ) with a capacity of 428,500 tons per year, the company said on December 17. Investments in the project amounted to about 100 billion rubles, of which 45 billion rubles. – syndicated loan from VGB (30 billion rubles) and Gazprombank (15 billion rubles). The rest is own funds. Taking into account the Boguchansky Aluminum Plant, which works within the framework of the BEMA joint project with Rushydro, and the Khakassia Aluminum Plant launched in 2006, TaAZ became the third aluminum plant built in Russia after the collapse

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  • “Transition to new technologies may cost Russian metallurgists more than 1 trillion rubles”

    “Transition to new technologies may cost Russian metallurgists more than 1 trillion rubles”

    Pavel Shilyaev, General Director of MMK, talks about steel prices, taxes and the impact of ESG factors on business Share a closed article Subscribe to share closed articles with friends. Select a subscription period For metallurgical companies 2021 turned out to be eventful. The jump in steel prices has led not only to an increase in incomes of Russian metallurgists, but also to an increase in the tax burden: an export duty on steel was introduced in August, and a tax on mining (PZKV) and an excise tax on liquid steel. The ESG agenda is also gaining momentum: the EU

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  • Why Mardashov sells Tratsenko coal business

    Why Mardashov sells Tratsenko coal business

    On December 2, Severstal told Alexei Mardashov that it had signed a binding agreement with Roman Trotsenko’s Russian Energy Company to sell Vorkutavugol, on the basis of which the coal assets of the metallurgical group were consolidated. The deal is worth 15 billion rubles. Closing is expected in the first quarter of 2022. The parties will still need to obtain permission from the FAS and meet a number of other conditions, which are not mentioned in the release. According to Severstal, after the sale of Vorkuta Coal, the company’s greenhouse gas emissions will be reduced by 14, 3%. The funds

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  • Analysts predict a decline in the price of platinum in 2022

    Analysts predict a decline in the price of platinum in 2022

    The World Platinum Investment Council (WPIC, an association of foreign metal producers) has revised its forecast for 2021, according to a review of the organization on November 24. WPIC has increased its estimated surplus of this precious metal for the year to 769,000 troy ounces. This is very close to the maximum value in the entire history of observations reached in 2018 – 800,000 ounces. Back in September, it was only a surplus of 180,000 ounces this year. At the same time in 2022, according to the organization, the surplus of platinum on the market will be 637,000 ounces. Recall

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  • Stellantis wants to make manual transmissions in Russia

    Stellantis wants to make manual transmissions in Russia

    On November 24, the Stellantis Group announced preparations for the production of manual transmissions (manual transmissions) at its site in Russia. Currently, active work is underway to deepen the localization of the unit to start production in late 2022, according to Stellantis. There are plans to export these products from Russia, a company spokesman told Vedomosti, without specifying details. He also did not name the volume of the alleged production. The Stellantis Automotive Alliance was formed in January 2021 by merging the PSA Group and Fiat Chrysler. The main asset of the alliance in Russia is the plant “PSMA Rus”,

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  • Chemists have set counter-requirements for freezing fertilizer prices

    Chemists have set counter-requirements for freezing fertilizer prices

    The largest Russian fertilizer producers are discussing with the government the terms of freezing the prices of their products for agricultural producers until June 2022. era. Skulls. “Apart from fixing prices, we are talking about guaranteeing the volume of deliveries. We need a guarantee of counter-purchases, ”Guryev said (quoted by Interfax). According to him, in the event of a price freeze, farmers may not want to buy significant amounts of fertilizer until the spring field work, that is, until March-April. A spokesman for Rap confirmed to Vedomosti that the largest companies in the industry plan to extend the restraint regime

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  • Narnikel received compensation from Botswana for the deal that did not take place

    Narnikel received compensation from Botswana for the deal that did not take place

    Norilsk Nickel has settled a dispute with the Botswana government and the Botswana state-owned company BCL Group over a deal to sell BCL Group African assets to Narnikel, including a 50% stake in a joint venture in South Africa Nkomati. The Russian company announced this on November 18. The parties withdrew their claims against each other, and “Narnikel” received an agreed monetary compensation (the amount is not disclosed). As a result, the company withdrew its lawsuit against the BCL Group from the London International Court of Arbitration (LCIA). Narnickel is now formally ending the trial in Botswana against the country’s

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  • UC Rusal has sought Chinese partners for new plants

    UC Rusal has sought Chinese partners for new plants

    The largest Russian aluminum producer UC Rusal is in talks with companies from China to set up joint ventures in Russia for its processing and production of expensive high-end products. This was told to “Vedomosti” by Deputy General Director of UC Rusal Roman Andrushin. He declined to name the Chinese companies being negotiated, saying only that they are “major manufacturers in major aluminum recycling industries.” The largest producer of aluminum in China is the Aluminum Corporation of China (Aluminum Corporation of China Limited, Chalco), other major players – Hongqiao Group, Xinfa Group, East Hope Group and State Power Investment Corp.

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  • Pfizer will test a new drug from COVID in Russia

    Pfizer will test a new drug from COVID in Russia

    The American pharmaceutical company Pfizer has received permission from Roszdravnadzor to conduct clinical trials in Russia on the effectiveness of the protease inhibitor + ritanovir for the prevention of COVID-19. Relevant information is contained in the state register of medicines. It follows that the drug will be studied among adults who have been in contact at home with patients with symptomatic manifestations of coronavirus. 90 people will take part in the tests, which will be held in a number of public and private medical institutions in the suburbs of Moscow, St. Petersburg, Smolensk, Barnaul and other cities. Protease inhibitor +

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  • Cheaper gas has not yet stopped the rise in the cost of nitrogen fertilizers

    Cheaper gas has not yet stopped the rise in the cost of nitrogen fertilizers

    The price of urea on the terms of delivery of FOB Black Sea reached $ 795 / t, urea-ammonium mixture – $ 633 / t, according to the latest Refinitiv data on November 4. Previous price highs were recorded in September and October this year, and before that the peak of growth in prices for urea fell in May 2012 ($ 534.5 / t), and for urea-ammonia mixture and in June 2011 ($ 372.5 / t). Also, historical highs reached urea with a basis of FOB Middle East – $ 900 / t – and FOB South (Ukraine) – $

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  • UMMC can buy 100% of the highest gold mining company

    UMMC can buy 100% of the highest gold mining company

    The Ural Mining and Metallurgical Company (UMMC, the main shareholders are Iskandar Mahmudov and Andrei Kozitsyn) has filed a petition with the Federal Antimonopoly Service (FAS) to buy 100% of the gold mining company Vysokyi (GV Gold), the agency said on November 1. The petition was registered on October 29. According to the FAS, it will be considered within 30 days (the term may be extended by no more than two months). UMMC did not answer the questions of “Vedomosti” at the time of submission. A spokesman for the “High” declined to comment. “High” is perhaps the most frequently mentioned

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  • Metallurgists asked Mishustin not to impose higher taxes forever

    Metallurgists asked Mishustin not to impose higher taxes forever

    The Russian Steel Association (which unites the largest Russian metallurgical companies) has asked Prime Minister Mikhail Mishustin to limit the duration of the increased tax burden to 2022-2024. A corresponding letter on behalf of the association was sent on October 20 by its head, the main owner of “North Steel” Alexei Mardashov (there is “Vedomosti”). The Russian Steel letter shows that at a business meeting with the government on September 23, the increase in PZKV rates and the introduction of an excise tax on steel were seen as a temporary measure for additional budget exceptions. But the draft law submitted

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  • Dmitry Bosov’s heirs sell all Sibantrocyte

    Dmitry Bosov’s heirs sell all Sibantrocyte

    Siban Holding co-founded by Yota co-founder Albert Avdolyan and businessman Maxim Barsky has closed a deal to buy 100% of Sibantrocyte from Altek, owned by the heirs of businessman Dmitry Bosov. This was reported on October 26 by Sibantrocyte and A-Property by Avdolyan. The amount of the deal is not officially disclosed. Avdolyan owns 70% of Siban Holding, Barsky – 30%. In February 2021, the Altek Group signed an agreement with A-Property on the basic terms of the sale of Sibanthrocyte. Under the terms of “Sibantratsit” retains its independence as an independent company. The agreement stipulated that the top managers

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  • The government wants to simplify the procedure for putting quarries into operation

    The government wants to simplify the procedure for putting quarries into operation

    The Ministry of Construction has developed a draft government decree that simplifies the procedure for approving the commissioning of quarries and other mining operations by mining holdings. This follows from the minutes of the conciliation meeting in the department on October 11, 2021 (available in the “Gazette”). According to the document, the companies will be allowed to develop quarries without preparing a technical plan for real estate and registration of property rights to them. Now such requirements are made by Rostekhnadzor. The problem with the introduction of quarries has existed for a long time and ways to solve it have

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  • Pharmstandard’s partner is challenging the revocation of the patent for its generic

    Pharmstandard’s partner is challenging the revocation of the patent for its generic

    Nativa LLC is trying to challenge the revocation of the patent for its anticancer drug sunitinib through the Intellectual Property Court, according to the arbitration case. The patent itself was revoked in June this year at the request of the structure of the American Pfizer – Sugen, which owns the rights to the original anticancer drugs under the brand “Sutent”. It will be protected until the end of August 2022, Nikita Ivanov, senior director for corporate relations and access to the Pfizer market in Russia and Belarus, told Vedomosti. Representatives of the “Natives” did not comment. Nativa registered and launched

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  • Rosseti complained about expensive metal for BAM and Transsibe

    Rosseti complained about expensive metal for BAM and Transsibe

    The state power grid holding Rosseti fears that the rise in prices for metallurgical products could create serious difficulties in electrifying BAM and Transsib. This was stated on October 19 by the general director of the company Andrei Rumin in the Federation Council. “Such large projects as the Eastern landfill, ie the electrification of BAM and Trans-Siberia of the second stage at a cost of more than 200 billion rubles, and with increasing [цен] significant – and for some nomenclature of metals we see an increase of almost 100% – of course, it will be difficult to withstand: and the

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  • The government plans to zero the duty on exports of aluminum alloys

    The government plans to zero the duty on exports of aluminum alloys

    The government plans to nullify the duty on exports of aluminum alloys from Russia, introduced on August 1, 2021. This decision was supported on October 18 by the Subcommittee on Customs and Non-Tariff Regulation, Safeguards in Foreign Trade, part of the Government Commission on Economic Development and Economic Development Ministry of Industrial Trade of the Russian Federation. The initiative to zero the duty was applied by the enterprises of the industry and the regions where the relevant plants are located, the release says following the meeting of the subcommittee. At the same time, the duty on raw (unalloyed) aluminum will

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  • Severstal is involved in a hyperloop vacuum train project in the United States

    Severstal is involved in a hyperloop vacuum train project in the United States

    North Steel and American Hyperloop Transportation Technologies (HyperloopTT) have signed an agreement to supply steel to a Russian company for the construction of the first commercial prototype of the hyperloop transport system, a spokesman for North Steel told Vedomosti. Hyperloop technology is a public transport system that uses steel sealed pipes with near vacuum pressure. This allows transport capsules inside them to move passengers and cargo at speeds up to 1223 km / h. Apart from the idea of ​​creating a so-called vacuum train in the early twentieth century, the first hyperloop concept in 2013 was proposed by the founder

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  • By 2024, Russian planes need to find up to 600 billion rubles

    By 2024, Russian planes need to find up to 600 billion rubles

    The government must prepare an action plan for civil aviation industry projects until 2030 by December 1, according to instructions from President Vladimir Putin approved on September 30 (the document is in the “Vedomosti”). The instructions were given following a meeting held at the MAKS-2021 air show in July. The activities of the plan will be approved as part of a new federal project. The source of “Vedomosti” in government agencies confirmed the authenticity of the document. A spokesman for Rostech (a member of the United Aircraft Corporation (UAC), which develops and manufactures major civil aircraft in Russia) did not

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  • ALROSA predicts new growth in the diamond market in 2022

    ALROSA predicts new growth in the diamond market in 2022

    Sales of Russia’s largest diamond mining company Alrosa more than doubled in the first nine months of 2021 to $ 3.1 billion, Alrosa reported on October 11. According to ALROSA Deputy General Director Yevgeny Agureyev, the company quotes, sales growth is likely to continue next year. Compared to the level of January-September pre-pandemic 2019 sales of “Alrosa” also increased, but more modestly – by 31%. In September, the company sold $ 289 million worth of diamonds. This is 11.9% less than in September last year, but 12.7% more than in the same period of 2019. The positive dynamics in the

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  • The government will spend 30 billion rubles on the development of geological exploration

    The government will spend 30 billion rubles on the development of geological exploration

    On October 7, the government approved a plan for the development of geology in the country until 2030. It was included in a list of 42 strategic initiatives (projects) aimed at making the Russian economy more modern and flexible, explained in a release on the website of the Cabinet. The project, entitled “Geology: Rebirth of a Legend”, was developed by the Ministry of Environment. It envisages achieving by 2024 a 100% level of oil, gas, gold, silver, lead, zinc and antimony and 75% – manganese, uranium, chromium and titanium, according to the project. By 2030, the level of reproduction of

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  • Rosspetsmash suggested not to give state support to the British JCB

    Rosspetsmash suggested not to give state support to the British JCB

    Lobby of domestic manufacturers of special machinery and equipment – the association “Rosspetsmash” asks the Ministry of Industry and Trade to return to discussing the need to localize telescopic loaders and engines for them under the mechanism of special investment contracts (SPIK). This is stated in the letter of the association dated September 30 addressed to the head of the Ministry of Industry and Trade Denis Manturov. “Vedomosti” got acquainted with the document. The readiness of the Ministry of Industry and Trade to announce a tender for the right to conclude such a SPIC is being actively discussed in the

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  • Baring Vostok bought a stake in a manufacturer of dietary supplements

    Baring Vostok bought a stake in a manufacturer of dietary supplements

    Baring Vostok Investment Fund has acquired 16% from the manufacturer of dietary supplements (BAA) “Square C”. Representatives of both sides told Vedomosti about it. This information is confirmed by the data of “SPARK-Interfax”. It says that in mid-September, the owner of the 16% stake in LLC “Square C” was the Cypriot company Oxalys Limited. It, in turn, belongs to Baring Vostok. The amount of the transaction is not disclosed. A source close to one of the parties to the deal claims that it amounted to 2 billion rubles. The parties to the deal did not confirm the information. “Square C”

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  • Exports of metals from Russia in monetary terms in July increased 3 times

    Exports of metals from Russia in monetary terms in July increased 3 times

    Exports from Russia of metals and metal products increased in July, before the introduction of export duties, in monetary terms 3 times compared to June – up to $ 13.9 billion, according to Rosstat on foreign trade. In particular, exports of non-ferrous metals and their products increased 4.7 times in July compared to June to $ 8.4 billion, ferrous metals and their products – by 94 percent compared to June to $ 5.4 billion. In January-July, exports of metals from Russia increased by 90% year-on-year to $ 36.2 billion. At the same time, exports of major goods from Russia increased

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  • Rostech, Rosatom and Polyus compete for the largest of the unallocated gold deposits

    Rostech, Rosatom and Polyus compete for the largest of the unallocated gold deposits

    Six companies have applied to participate in the auction for the Kyuchus gold deposit in Yakutia, the largest of the unallocated fund: Atomredmetzolata (ARMZ, Rosatom uranium holding), its subsidiary PJSC PPGHO, Polyus da Magadan “),” East Geoservice (Highland Gold structure), “Atom Gold” (owned by ex-owner of ChTPZ Andrei Komarov) and JV “Rostech” and the company “Seligdar” – “White Gold” (“Rostech” – 33.3% , “Seligdar” – 66.7%). This was announced on September 23 by the Ministry of Environment of Russia. The Kyuchus deposit is located in the Ust-Yansky and Verkhoyansk districts of Yakutia. Its balance reserves are 175.3 tons of gold,

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  • Metallurgists agreed on tax increases

    Metallurgists agreed on tax increases

    The government and business have agreed on the main parameters of increasing the tax burden for metallurgists, fertilizer producers and coal mining companies for three years. This was stated on September 23 by Prime Minister Mikhail Mishustin during a meeting with members of the Bureau of the Russian Union of Industrialists and Entrepreneurs (RSPP). The meeting was attended by representatives of “Eurasia”, “Mechel”, NLMK, “Severstal”, MMK, “Metalloinvest”, “Narnikel”, “Rusala”, “Phosagro”, “Uralchem” and “Eurochem”. Finance Minister Anton Siluanov noted that the key idea of ​​changing the tax legislation is to ensure that the level of tax deductions is commensurate with the

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  • Analysts predict shortage of nitrogen fertilizers in Europe due to high gas prices

    Analysts predict shortage of nitrogen fertilizers in Europe due to high gas prices

    Fertilizer producers in the EU will seek to raise product prices to shift the additional costs associated with rising gas prices to consumers, according to a September 22 review by Fitch Ratings. As a result, European farmers may soon face a shortage of fertilizers and rising prices for them. This is likely to increase the cost of agricultural products next season, the document said. Companies operating in Europe have begun to massively stop the production of nitrogen fertilizers due to high prices for gas from which ammonia is produced (raw materials for the production of fertilizers, in particular ammonium nitrate).

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  • Russia may introduce utility collection for tower cranes

    Russia may introduce utility collection for tower cranes

    The Ministry of Industry and Trade is working on the introduction of a recycling fee for tower cranes, a ministry spokesman told Vedomosti. According to him, this will provide additional support to Russian producers. “This initiative was made by the manufacturers of tower cranes during the working trip of the Minister [Дениса Мантурова] in Komi. This issue is currently being worked out with the relevant authorities and the professional community to develop a consolidated position, ”the newspaper’s interlocutor said. Waste collection in Russia was introduced in 2012. Then it came under the influence of automotive equipment, as well as quarry

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  • Eurochem may launch third potash project after 2022 – Saratovkali

    Eurochem may launch third potash project after 2022 – Saratovkali

    “Eurochem” Andrei Melnichenko in the framework of a new project for the production of potash fertilizers “Saratovkali” put on balance the deposit of potash ore in the Saratov region with reserves of 148 million tons. We are talking about the results of geological exploration in 2020-2021. East Perelyubsky and West Perelyubsky plots (51.2 million tons by category A, B and C1, 14.3 million tons by C2). Exploration will be completed in 2023 at four more Saratovkali sites, Rosnedra explained. The expected increase in reserves is estimated at up to 400 million tons. Now “Eurochem” mainly produces nitrogen, phosphorus and complex

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  • The Ministry of Industry and Trade proposes to introduce point localization for quarry equipment

    The Ministry of Industry and Trade proposes to introduce point localization for quarry equipment

    The draft of the Ministry of Industry and Trade, which provides for amendments to Government Decree № 719, which regulates the scoring of localization of equipment production in Russia, published on the portal regulation.gov.ru. It is prepared to support heavy machinery, in particular the production of mining equipment, a representative of the Ministry of Industry and Trade told Vedomosti. The list of localized products is proposed to include hoists and conveyors for underground work, combine harvesters, drilling machines, loaders, excavators with a bucket volume of at least 4 cubic meters. m, crusher and sorting machines. The requirements are set for

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  • Deliveries of serial IL-114-300 may be postponed to 2024

    Deliveries of serial IL-114-300 may be postponed to 2024

    Deliveries of serial regional passenger planes IL-114-300 may be postponed to a later date than originally planned in 2023, Deputy Prime Minister Yuri Borisov told reporters on the sidelines of the Tyumen Oil and Gas Forum. The reason was the crash in August of the only pilot of the military transport IL-112B. Both aircraft were equipped with a Russian TV7-117ST engine. After the plane crash, tests of the IL-114 were also suspended until its causes were clarified. “The catastrophe will slow down the withdrawal to the market, there will be a shift to the right. I don’t know how much,

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  • Rostselmash will increase its investment program 1.4 times

    Rostselmash will increase its investment program 1.4 times

    Rostselmash to increase investment program to 28.5 billion rubles. of the previously stated 199 billion rubles., TASS reported on September 12. The press service of the company confirmed these plans to Vedomosti. The adjustment of the investment program is due to the revision of the plan to increase the number of models and modifications of tractors, as well as the volume of production of gears and shafts, the agency quotes Rostselmash CEO Dmitry Udras. In particular, the production of gears at the existing Rostov transmission plant will increase from 90,000 to 150,000 units. per year, three new painting complexes will

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  • Shares of Mechala soared amid rising coal prices in Asia

    Shares of Mechala soared amid rising coal prices in Asia

    Shares of Mechel rose in less than three weeks amid rising coal prices in Asia. In just one day on September 7, the value of the company’s ordinary shares on the Moscow Stock Exchange rose by 22.3% to the previous trading session, amounting to 178 rubles. per piece. Preferred shares were traded at 277.4 rubles. for paper (9% for September 7). Shares included in the “Euro” “Raspadskaya” also added to the price since mid-August by more than 50%, reaching a mark of 404 rubles on September 7. for paper. Shares of Mechel began on August 20 and accelerated on August

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  • The coup in Guinea has warmed up aluminum prices to a 10-year high

    The coup in Guinea has warmed up aluminum prices to a 10-year high

    Aluminum prices have risen to their highest level since May 2011 amid a coup in Guinea (West Africa) that has threatened bauxite supplies from the country. Aluminum futures with delivery in three months on the London Metal Exchange (LME), according to 18.00 Moscow time on September 6, traded at $ 2764 per 1 ton, at times the price jumped by almost 2% to the previous trading session on September 3 at the close of the futures exchange cost $ 2726). The price of aluminum in Shanghai rose 3%. Rising metal prices have provoked a price rally in the stock market

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  • The government has prepared measures to encourage the collection of scrap metal

    The government has prepared measures to encourage the collection of scrap metal

    The government intends to take a set of measures to stimulate scrap metal procurement and stabilize its prices in the domestic market. On August 26, Deputy Prime Minister Yuri Borisov signed the “List of priority measures to improve the regulatory framework of the industry for the treatment of scrap and waste ferrous and nonferrous metals for 2021-2023.” (The document is at the disposal of “Vedomosti”, the authenticity was confirmed in the office of the Deputy Prime Minister). According to the document, by the end of October the government will determine measures to increase the transparency of the industry, encourage the

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  • The FAS suspected a cartel in the armature market

    The FAS suspected a cartel in the armature market

    The Federal Antimonopoly Service (FAS) has claims against Vladimir Lisin’s NLMK group and three other metallurgical companies – Ivan Demchenko’s Novostal-M and members of the Zubitsky Industrial and Metallurgical Holding (PMH) of Tulachermet Steel and UK “M reported the service on August 26th. It was explained that there were signs of a price collusion, due to which prices for construction fittings could rise. Since the summer of 2020, they have soared by 50%. In this regard, the Antimonopoly Office has launched unscheduled on-site inspections of the enterprises of these metallurgical companies in Moscow, Tula and Lipetsk. In case of violations,

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  • UC Rusal has gone from loss to profit

    UC Rusal has gone from loss to profit

    Net income under IFRS UC Rusal, founded by Oleg Deripaska, for the six months of 2021 amounted to $ 2.02 billion, the company said on August 13. During the same period last year, the aluminum holding received a net loss of $ 124 million. UC Rusal’s revenue was $ 5.45 billion versus $ 4 billion in the first half of 2020 (35.7%). Adjusted EBITDA in January-June was $ 1.3 billion against $ 219 million a year earlier (up 6 times), net cash flow from operating activities increased 3.9 times to $ 666 million. A significant share of cash flow was

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  • Alrosa has sharply increased diamond sales amid market shortages

    Alrosa has sharply increased diamond sales amid market shortages

    July sales of “Alrosa” increased 14 times compared to July 2020 to $ 318 million, the company said on August 10. In the first seven months of 2021, the company’s diamond sales amounted to $ 2.55 billion, which is 2.6 times more than in the same period a year earlier, and 31% more than in January-July 2019. The increase in sales is due to high demand for diamonds from the cutting sector, which faced a shortage of raw materials in May – June, explains “Alrosa”. Cutters, in turn, are driven by increased interest in purchasing diamond products in the second

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  • What will happen to fertilizer prices due to sanctions against Belaruskali

    What will happen to fertilizer prices due to sanctions against Belaruskali

    The sanctions imposed on August 9 by the United States, Canada and the United Kingdom against the potash industry in Belarus may cause a shortage in the world fertilizer market, experts interviewed by Vedomosti believe. It is not yet clear how severe the sanctions will be, but under a negative scenario, Belaruskali will not be able to supply potassium not only to the United States but also to other countries, ”VTB Capital analyst Elena Sakhnova said. For example, in the case of US sanctions against Rusal (we are talking about the 2018 sanctions against Oleg Deripaska and his assets. –

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  • Russia may for the first time enter the top ten exporters of chocolate

    Russia may for the first time enter the top ten exporters of chocolate

    According to the results of 2021, Russia may export more than $ 765 million worth of chocolate and chocolate confectionery to other countries, the Askond confectionery industry association predicts. If this happens, the country will for the first time enter the top ten suppliers of such products on the international market, overtaking Switzerland. According to the aggregator ITC Trade Map and UN Comtrade, last year Russia ranked 11th: it exported chocolate and chocolate products for $ 729 million (295,700 tons). Switzerland earned more – $ 753 million, although it sold only 109,800 tons to other countries. Given the positive dynamics

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  • Narnikel received a new environmental lawsuit worth almost 60 billion rubles

    Narnikel received a new environmental lawsuit worth almost 60 billion rubles

    Rosrybolovstvo has filed a lawsuit in the Arbitration Court of the Krasnoyarsk Territory against the structure of “Narnikel” – Norilsk-Taimyr Energy Company (NTEK) to recover damage to aquatic bioresources in 5865 billion rubles., The press service of the agency on July 29. Rosrybolovstvo explained that the amount of damage caused by the company includes direct damage due to the death of fish in the amount of 36 billion rubles., As well as the cost of restoring the damaged state of aquatic bioresources – another 55 billion rubles. The Yenisei territorial branch of the department appealed to the court. The reason

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