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• October 6, 2010 by Russia Briefing
  

  Alrosa to Hold an IPO Next Year

  Oct. 6 – Alrosa, the world’s largest diamond-mining company, may hold an initial public offering next year that could value the company at between US$7.3 billion to US$9 billion, Vedomosti reports, citing an unidentified company official. The company may only conduct an IPO after it is converted from a closed joint stock company into an[…..]
• October 1, 2010 by Russia Briefing
  

  Russia’s Gold Miners Want More Foreign Investors

  Oct. 1 – Gold miners asked the Russian government to raise its threshold for strategic gold deposits to boost national reserves and production mining, executives said Thursday at the sixth Russia-CIS Mining and Exploration Forum 2010. Fields with more than 50 metric tons of gold are considered strategic, requiring extra government approvals. The government should[…..]
• September 27, 2010 by Russia Briefing
  

  Hyundai Starts Up St. Petersburg Car Assembly Plant

  Sept. 27 – Hyundai Motor launched its first Russian full-cycle car assembly plant in St. Petersburg. The company invested a total of US$500 million in the facility, which will work in pilot mode until the end of this year and start commercial production in January. Production at the plant will include stamping, welding, painting and[…..]
• September 23, 2010 by Russia Briefing
  

  Rosneft and CNPC to Build US$5 Billion Oil Refinery in Tianjin City

  Sept. 23 – OAO Rosneft, Russia’s largest oil producer, and China National Petroleum Corp. will invest around US$5 billion in a joint oil refinery in the Chinese port city of Tianjin. Russia’s Deputy Prime Minister Igor Sechin, who is also Rosneft’s board chairman, joined Chinese Vice Premier Wang Qishan in the future refinery town of[…..]
• September 22, 2010 by Russia Briefing
  

  Russia to Attract US$800 Million Investment from UAE

  Sept. 22 – Russian Technologies (Rostehnoliogii), a state-run industrial corporation, signed agreements on Friday with two companies from the United Arab Emirates – the ports and logistics unit of Crescent Group and real estate developer Damac. “The Russian market is attractive enough to the Arabian investors. In particular the Russian power industry contains a number[…..]
• September 8, 2010 by Russia Briefing
  

  Canada’s Kinross to Buy Gold and Silver Deposits in Chukotka

  Sept. 8 – Canada’s Kinross Gold Corporation has purchased one of Russia’s largest gold and silver ore deposits in the Chukotka region of the Russian Far East, company press release stated. Kinross plans to process ore from the Dvoinoye deposit at the existing Kupol mill, pursuant to an ore purchase agreement with Kinross’ 75 percent[…..]
• August 17, 2010 by Russia Briefing
  

  Number of Internet Users Increasing in Russia

  Aug. 17 – More than 43 million people in Russia log onto the internet monthly and, according to a survey conducted by National Network Domain Coordination Centre (NNDCC), “almost half the users will not refuse internet even if they don’t have enough money for food or clothes.” The number of weekly internet users is Russia[…..]
• August 12, 2010 by Russia Briefing
  

  Foreign Investors May Participate in Trebs and Titov Auction

  Aug. 12 – Russia’s official government web site has published conditions under which a license to the strategic Trebs and Titov oil and gas fields in the Arctic north will be put up for auction. According to the document, 15 percent of oil extracted from the strategic deposits will be sold out at the Russian[…..]
• July 23, 2010 by Russia Briefing
  

  Russia Considers Flexibility in Mining License Conditions

  Jul. 23 – The Ministry of Environmental Protection and Natural Resources has proposed that companies be given the option to change conditions in their licenses to allow them to cut extraction volumes. This measure will allow companies struggling with low raw material demand to reduce extraction without the fear of losing their licenses, Russian daily[…..]
• July 20, 2010 by Russia Briefing
  

  Russian Economy Shows Recovery Signs

  Jul. 20 – Russia reported good economic results during the first half of the year, although investment activity remained low. From January to July, Russia’s GDP grew by 4.2 percent compared to the same period last year, Elvira Nabiullina, Russia’s economic and trade minister said yesterday during the government session. “This is quite a good[…..]