News. Russian non-ferrous metallurgy news. January

As reported on Renova official website the government of the Samara Region and the Renova Group have signed an investment agreement for reconstructing and modernizing the Kurumoch Airport in Samara, an Interfax correspondent at the signing ceremony reported. Samara Governor Vladimir Artyakov said that the airport's modernization is a solid example of a public-private partnership. The investor plans to invest over 12 billion rubles in the development of the Kurumoch Airport. The ...

RUSAL, the world’s largest aluminium producer, announces the development and launch of a unique magnetic hydrodynamic mixer which will enable the Krasnoyarsk aluminium smelter’s cast house to extend its alloy product range. The cost of the new equipment amounts to USD 2 million. The magnetic hydrodynamic mixer will enable the Krasnoyarsk aluminium smelter (KrAZ) to produce 1000, 3000, 5000 and 8000 series alloys and to increase the production quality. In particular, the ...

Norilsk Nickel began to implement own cobalt production line construction project. As the result the Company shall create the only Russian industrial production line of highest grade cobalt electrolyte, world class high quality product. At the moment, the main cobalt product of Cobalt Electrolysis Shop, OJSC MMC Kola (the subsidiary of the Company) is cobalt concentrate. This intermediary product is the raw material for further processing into commercial cobalt products, which are ...

RUSAL, the world’s largest aluminium producer, is pleased to announce the completion of negotiations with its lenders regarding an option to introduce a covenant holiday in 2012-2013. RUSAL has agreed with its lenders to amend the current terms of the credit facilities to better reflect the global market environment. In particular, the Company now has the option to introduce a 12-month covenant holiday, starting from any quarter in 2012. In addition, the definition of the ...

The Board of Directors OJSC MMC Norilsk Nickel by a majority of votes has approved key parameters of the Company’s budget for 2012. The Budget approval is the first step in realization of the Company’s production and technical development strategy till 2025. The budget of 2012 provides for a large-scale investment program that exceeds USD3 bln dollars, aiming further development of concentrating and metallurgical production, modernization of fixed assets and development ...