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Russia: BMK masters electric cable wire manufacture

Beloretsk Iron and Steel Works has started manufacturing a new import-replacing product – high-strength galvanized wire for cable industry. A customer has already approved of trial batches. At the customer’s request BMK has developed steel galvanized wire with the diameter of 1.85 to 3.05 mm with high-strength characteristics. Previously such products had to be purchased…


Russia: investment in Venezuelan mining projects to reach $1 billion

Russia’s investments in mining projects in Venezuela may amount to about $1 billion, according to materials for the upcoming negotiations between Russian president Vladimir Putin and his Venezuelan counterpart Nicolas Maduro. “First of all, there is a high interest in production of diamonds and gold. According to Venezuelan estimates, the amount of investment participation of…