Page 6 - Ural Mining News Today

(Bloomberg) -- Abu Dhabi-backed Mubadala Investment Co. is buying into a Swiss online metals-trading platform set up by two former Glencore Plc traders. The United Arab Emirates wealth fund is the lead investor in a $33 million funding round, Zug, Switzerland-based Open Mineral AG said in a statement. The funds will be used to expand the company’s digital trading offering, which allows producers and traders to buy and sell metals and raw materials online. Boris Eykher, Open Mineral’s chief e...

KGHM does deal to sell mining machinery to Russian mining group The contract signed by Zanam Vostok concerns the delivery of a total of 12 mining machines for the Russian company. The company Zanam Vostok – a subsidiary of KGHM Zanam from the KGHM Polska Miedź capital group registered in the Russian Federation – submitted the best offer for the supply of specialized mining machinery for the Russian PAO Gaiski GOK (Ural Mining and Metallurgy Combine), the group said. “An element of our st...

Barrick to ‘Step Back’ From Freeport After Copper Gain Bloomberg 2/19/2021 James Attwood © Bloomberg Copper wire rod sits in a storage facility following manufacture at the Uralelectromed OJSC Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia, on Tuesday, March 7, 2017. Russia’s No. 1 zinc miner and No. 2 copper producer plans a far-reaching expansion of its diversified minerals output, billionaire co-owner and Chief E...

Top stories in the Russian press on Wednesday, January 13 Armenian Prime Minister Nikol Pashinyan, Azerbaijani President Ilham Aliyev and Russian President Vladimir Putin© Mikhail Klimentyev/Russian Presidential Press and Information Office/TASS   Kommersant: What topped the agenda at the recent Moscow-hosted Armenian-Azerbaijani talks The outcome of trilateral talks between the leaders of Russia, Armenia and Azerbaijan held in Moscow on January 11 drew polar opposite responses in Baku and ...