Armenia: Amulsar project might not be harmful

The Investigative Committee of Armenia says Lydian Armenia’s planned mitigation measures during the potential operation of the Amulsar Project are assessed as reasonable and appropriate by experts of ELARD, the company, which conducted an environmental impact assessment of the project, Yura Ivanyan, top detective in the Amulsar case and Head of the Corruption, Property Crime…

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Kazakhstan: president visits Zhezkazgan Copper Smelting Plant

President Kassym-Jomart Tokayev has visited Zhezkazgan Copper Smelting Plant of LLP Kazakhmys Smelting. The Head of State surveyed the workshops of the industrial enterprise manufacturing a wide range of products. In December 2018 the plant launched the second ore-furnace, which enabled to increase annual copper production by 100,000 tons and create approximately 600 new jobs.…

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Russia: Rusal revised net profit down in H1 2019

In January-June the net profit of Rusal totaled $625 million, not $558 million as reported previously.

The company has recalculated the H1 financial figures. Thus, profit decreased by 34% YoY.

In Q2 net profit totaled $352 million, not $285 million, up by 28.9% QoQ. (Ukrainian metal)