RBI releases draft on hedging of commodity price risk in overseas ...Tue, 16 Jan 2018 03:19:03 GMT
Hedging of price risk is proposed to be allowed for all commodities in case of direct exposure. In case of indirect exposure, hedging is allowed for aluminium, copper, lead, zinc, nickel, and tin. This list would be reviewed annually, the draft said.
Copper Falls Most in 6 Weeks as Metals Rally Starts to GiveTue, 16 Jan 2018 00:00:00 GMT
(Bloomberg) -- After a non-stop rally, metals prices are starting to pull back. Copper, aluminum and nickel slid more than 2 percent on Tuesday as investors focused on the rebounding dollar and ...
Russia: 2018 to see growth of domestic ferrous metals transportationFri, 29 Dec 2017 00:00:00 GMT
The first complex of new electrolysis baths has started operating at the nickel electrolysis shop of Kola Iron and Steel Company, a part of Nornickel. The project to implement the new highly efficient technology of electric extraction presupposes the use of nickel powder instead of nickel anodes. The first stage of the program envisions 42
Ukraine: 4 coal enterprises get loan guaranteesThu, 28 Dec 2017 00:00:00 GMT
PJSC MMC Norilsk Nickel announces the signing of a 5-year $2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be
Azerbaijan: Russian mining companies to co-operate with colleaguesThu, 28 Dec 2017 00:00:00 GMT
AzerGold CJSC exported 60,552 ounces of gold and 86,806 ounces of silver in April-December, the company said in a message on December 27. The export of precious metals brought an income of 121 million manats to Azerbaijans economy. Having successfully passed the procedures of KYC (Know Your Customer) and due diligence required by international refining
Can electric cars and an expanding global economy power the next ...Thu, 28 Dec 2017 00:00:00 GMT
This year has been a tale of two markets in commodities, with prices declining in the ... He expects supply deficits particularly in the nickel and zinc markets to help drive price improvements for those metals. BMO Capital Markets analyst Colin ...
Russia: Izhstal speed steel sales up in 2017Wed, 27 Dec 2017 00:00:00 GMT
In mid-December Russian Platinum submitted a new development project of the Chernogorskoye platinum-copper-nickel deposits to the Federal Agency of Subsoil Use. The company intends to start mining in January 2021. In case of the positive reply from the agency, the company will have 36 months to construct a mining and processing works at the site
Commodities Outlook: Precious Metals steady, Base Metals and ...Wed, 20 Dec 2017 00:00:00 GMT
Nickel is the best performer today gaining about 1.50% to trade at 763.60 whereas Zinc ... commodity. On the daily charts, a strong continuation pattern known as a symmetrical triangle is indicating the beginning of a strong upside rally in prices ...
Russia: NChTZ starts producing casing pipesMon, 18 Dec 2017 00:00:00 GMT
Mining and metallurgic company Norilsk Nickel plans to issue green Eurobonds until the end of 2018, Deputy Chairman of the Board Andrei Bugrov said at a central bank meeting. There have been no green bond issues on the domestic market yet. Norilsk Nickel is discussing an option to issue the instrument to support a program
Russia: metal output in January-November 2017Mon, 18 Dec 2017 00:00:00 GMT
A pool of banks will provide Norilsk Nickel with a loan of $2.5 billion. Among roughly 15 lenders will be Raiffeisenbank, Unicredit Bank, China Construction Bank, Citibank, HSBC, J. P. Morgan, etc. The total sum of the deal, including interest and commissions, is 18.14% of Nornickel assets cost as of September 30. At that time
Ukraine: AMKR becomes the site for discussion of energy saving ...Thu, 14 Dec 2017 00:00:00 GMT
Norilsk Nickel plans to invest 250 billion rubles in projects aimed at improving the ecology of its manufacture. Of them the sulfur project will cost over 160 billion rubles. The rest is other environment-protection projects dealing with waste, gases, etc., the company vice-president Elena Bezdenezhnykh said. The primary goal for 2018 is the regulation of
Price rises, earnings outlook deliver the goodsThu, 14 Dec 2017 00:00:00 GMT
Morgan Stanley and UBS also raised their forecasts for a range of industrial commodities including hard coking coal, thermal coal, alumina, copper nickel, zinc and crude oil. Price targets for the major iron ore producers were mostly revised up slightly ...
Russia: Susumanzoloto buys 2 gold-extracting companiesThu, 07 Dec 2017 00:00:00 GMT
Norilsk Nickel intends to have received the first gold-containing concentrate at its Bystrinsky Mining and Processing Works in late 2017. The operation of the second grinding line began on November 16 and would be finished not later than on December 10. The construction of the processing factory has been completed in the record-short time. Now
ASX could get early commodity boostMon, 04 Dec 2017 00:00:00 GMT
Commodities outperformed ... and aluminium advancing in London, lead, zinc and nickel did too. As for iron ore, it extended a now more than one-month rally amid solid demand from Chinese buyers as steel prices there edged higher and mandatory production ...
Russia: Evraz NTMK the first to produce high-strength beamsWed, 29 Nov 2017 00:00:00 GMT
Revda Non-Ferrous Metals Processing Works has developed a technique to manufacture new products cold-deformed pipes with outer diameter of up to 80 mm of S70600 copper-nickel alloy. Such pipes have improved surface quality, corrosion resistance, strength and thermal conductivity. The pipes are in demand by Russian and foreign companies dealing with energy machine-building. (Ukrainia
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