Oleg Deripaska intends to become the president of Norilsk Nickel. According to a source, it is because of the Nornickel plans that Deripaska has left the president seat in Rusal and En+. “The experience of cooperating with Vladimir Potanin shows, that only changes in the balance of power could provide for the maximum growth of…
DetailsThe net profit of Rusal in 2017 increased by 3.6% YoY, to $1.222 billion. According to the company statement, EBITDA grew by 42.4%, to $2.12 billion, while revenue increased by 24.9%, to $7.224 billion. The company net debt as of December 31, 2017 was $7.649 billion, down by 9.2%. Rusal accounts for around 7% of…
DetailsThe Eurasian Development Bank (EDB) and Bogatyr Komir Company signed a loan agreement to finance Bogatyr Komir’s investment program aimed at modernizing coal production processes at the Bogatyr mine, the press service of EDB said in a message. The document was signed by Andrey Beliyaninov, Chairman of the Management Board, from the EDB, and Murat…
DetailsKarabashmed, a part of the Russian Copper Company, has celebrated the 20-years anniversary of creation and resumption of manufacture. Karabash Copper-Smelting Works was created in 1910. It was one of the main suppliers of copper for the Russian industry, military in particular. But for almost 100 years the company has been operating without gas-purifying systems,…
DetailsRM-Steel has resumed the manufacture of sections. The products are intended for the LADA 4×4 (Niva 21214) project. The sections will be produced according to ISO 9001:2015 and IATF 16949:2016. The main goal of the company for the coming years is to create favorable conditions for the development of machine-building and automobile enterprises. (Ukrainian metal)
DetailsKMAruda has passed the audit for the correspondence to ISO 9001:2015 (quality management), ISO 14001:2015 (environment management system) and OHSAS 18001:2007 (professional safety and health management). The certification audit was carried out by SGS Vostok Ltd., a Russian subsidiary of SGS (Switzerland). KMAruda started implementing the management systems in early 2017. “The granting of the…
DetailsThe Onexim Group of Mikhail Prokhorov has left the ranks of Rusal shareholders, according to the company statement on the Hong Kong stock exchange. On February 16 Onexim’s share in Rusal decreased from 6% to 0%. At the same time the share of Zonoville Investments Limited increased to 26.5% from 20.5%. Onexim, which owned 17%…
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