Uzbekistan: India intends to start uranium purchases

India intends to purchase uranium from Uzbekistan to replenish its strategic reserves. The parties are currently negotiating the matter. The first meetings of the delegations took place two months after the meeting between Indian Prime Minister Narendra Modi and Uzbek President Shavkat Mirziyoyev on the sidelines of the Shanghai Cooperation Organization summit in Astana. The…

Russia: OMK expects rise in revenue in 2017

Russia’s United Metallurgical Company (OMK) expects revenue to grow on the year in 2017, while EBIDTA may remain flat, core owner and the board of directors’ Chairman Anatoly Sedykh reported. In 2016, OMK’s revenue fell by 13% YoY, to 140 billion rubles and EBITDA decreased by 1%, to 34.9 billion rubles. “I think that the…

Russia: Nornickel unveils new corporate website

Nornickel has launched its new corporate website, now operating on two domains – www.nornickel.ru and www.nornickel.com, for Russian and English speakers, respectively. The new website is intended to enable users to develop consistent understanding of the company’s strategy, corporate governance principles, values and sustainable development policy. The new resource will help streamline the interaction with…

Ukraine: coal output down in January-August 2017

Production of thermal and coking coal in Ukraine declined by 9.2% YoY in January-August, to 23.606 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. State-owned mines alone produced 3.1 million tons of coal of the total output, while coal production at the state mines fell by 20% over the period…