Vladimir Putin Announces Foreign Investment Has Reached $36 Bln By Khristina Narizhnaya The St. Petersburg Times Published: November 30, 2011 (Issue # 1685) MOSCOW — Foreign direct investment in Russia reached $36 billion in the first 10 months of the year, Prime Minister Vladimir Putin said Monday during a meeting of the government’s commission on foreign investment, citing the Central Bank. Last [...]
Tag: mining
December 1, 2011
November 30, 2011
Severstal to spin off Nordgold by end of Jan. 2012
Russia’s largest steelmaker Severstal plans to spin off its gold mining unit Nordgold by the end of January 2012, the company said in a statement on Wednesday. Under the separation scheme, Severstal’s subsidiary Lybica Holdings B.V. (Lybica), a full Nordgold owner, will exchange its 100 percent stake in Nordgold for Severstal shares and GDRs held [...]
September 20, 2011
Russia, Iran set to develop world’s largest zinc deposit
Russia and Iran have agreed to jointly develop the world’s largest zink-lead deposit in central Iran, Russian business daily Kommersant said on Tuesday. “The sides agreed to implement a project on the construction of an ore mining and processing enterprise at the Mehdiabad zinc-lead deposit,” the paper cited a protocol signed at a meeting of [...]
September 17, 2011
Soviet relic frozen in time
If you are curious about life was like in the USSR, there is one place where the Soviet spirit is frozen in time. The town of Barensburg in the Arctic Circle is not even in Russia, but on a Norwegian archipelago by the name of Spitsbergen. A vibrant Soviet community grew up there after mining [...]
September 15, 2011
A little piece of the Motherland far from Russia
Russia’s vast territory extends over both land and sea, even reaching into foreign lands. A tiny part of the Spitsbergen Archipelago, officially belonging to Norway, is governed by Russian law. RT took a trip to Russia’s remote and icy outpost. Russia owns about a third of the territory of the Spitsbergen Archipelago, having developed a [...]
September 14, 2011
SMR to build Agaskyr copper molybdenum plant in Khakasia by 2017
MOSCOW, Sep 14 (PRIME) — SMR, which is a part of Russian tycoon Oleg Deripaskas En+ Group, plans to build a mining and processing plant at the Agaskyr copper and molybdenum deposit in the constituent republic of Khakasia by 2017, a SMR representative told PRIME on Wednesday. Investments into the project are expected to amount [...]