MOSCOW, Oct 22 Russia's largest gold producer
Polyus said on Thursday its giant Sukhoi Log gold
deposit in Siberia is the world's biggest by reserves.
* Measures to bring $4.5 bln in fresh funds to budget per
MOSCOW Russia plans investment of $1.5 billion (1.2 billion pounds) in rare earth minerals, critical to the defence, telecommunications and renewable energy sectors, as it strives to become the biggest producer after China by 2030, a top government official told Reuters.
MOSCOW An eight-year-old shareholder agreement signed by Russian mining giant Norilsk Nickel's major owners has become a relic of the past which the $44 billion miner does not need, Vladimir Potanin, its largest shareholder, told Reuters.
MOSCOW Russian steel producer Severstal expects domestic demand to fall by 5%-7% in 2020 compared to 2019 as a result of the coronavirus outbreak, but says increased exports have allowed it to keep producing to capacity.
MOSCOW/FRANKFURT/DUESSELDORF Russian steelmaker Severstal has no plans to get involved in industry consolidation in Europe, its finance chief said, effectively narrowing a list of potential partners for Germany's Thyssenkrupp .
MOSCOW, June 1 Aluminium producer Rusal
is seeing customers returning with 20-30% of their
usual demand after a slump in April caused by fallout from the
new coronavirus outbreak, Roman Andryushin, its head of sales
and marketing, told Reuters.
MOSCOW Crimean hostel owner Natalia Kirichenko has given up hope of hosting guests this summer as the coronavirus outbreak threatens to ruin the economy of the tourism-dependent region that Russia annexed from Ukraine in 2014.
MOSCOW, May 15 Russian power grid operator
Rosseti could have to cut investments and seek
financial support in worst-case assessments made last month of
the impact of the coronavirus pandemic, according to three
sources and a company presentation seen by Reuters.
MOSCOW Russia overtook China in the number of confirmed coronavirus cases on Monday, when its tally climbed above 87,000, as pressure rose on the government to consider easing lockdown restrictions for businesses to help shore up the rattled economy.