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Russia: Izhstal turns 257

Izhstal, a part of Mechel, is now 257 years old. The best employees received various awards and medals. “The works has a good history. Our task is to retain and multiply the labor traditions of Izhevsk metal makers and to continue the legacy began by our predecessors”, the company managing director Sergey Kozennov declared. (Ukrainian…

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Russia: Rusal acquires share in Skad

Rusal acquires a share of the foundry and mechanical production facility Skad, producer of aluminum alloy car wheels, located in Krasnoyarsk region. Under the terms of the transaction, Rusal will own a stake in the authorized capital of Skad, while its founder Idris Zakriev will remain the Chief Executive Officer of the production facility. Skad…

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Tajikistan: China mining company to invest $70 million in Pakrut Gold Project

China Nonferrous Gold Limited, the mineral exploration and mining company currently mining the Pakrut Gold Project in Tajikistan, intends to invest additional $70 million in the development of the deposit. According to the State Committee on Investment and State-owned Property Management of Tajikistan (GosKomInvest), an agreement on development of the Pakrut Gold Project in the…

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