En+ Group, a leading Russian diversified mining, metals and energy conglomerate and Shenhua Group, the China’s largest coal company, agreed on the next stage of cooperation for the development of the Zashulanskoye Coal deposit in the Transbaikal, Russia.
EUROCEMENT group (the biggest cement manufacturer in the CIS and 9th biggest in the world) signed a series of contracts with companies from the groups SINOMA, CNBM and SINOMACH , for the supply of equipment worth a combined total of more than half a billion dollars, within the context of a project, on a scale that has never seen before, involving the construction of modern cement manufacturing plants. The plants will use the energy-efficient, environmentally friendly 'dry' process to manufacture a total of 17 million tonnes of cement a year in 6 Russian regions (the Leningrad, Ryazan, Bryansk, Arkhangelsk, Ulyanovsk and Samara Regions).
The Russian Direct Investment Fund (RDIF) announces that Mitsui & Co., Ltd. (Mitsui), one of the biggest Japanese trading firms which has extensive experience across business sector including commercial laundry and textile management, has agreed to join RDIF as investor in Cotton Way company.
Cotton Way is Russia’s leading commercial laundry and textile management company. Mitsui will significantly contribute to improve the operation and management of Cotton Way by introducing international best practices and offering significant experience and knowledge.
Global foreign direct investment (FDI) flows rose by 11% in 2013, to an estimated US$1.46 trillion – a level comparable to the pre-crisis average, the latest UNCTAD Global Investment Trends Monitor reports. However, developed countries remain trapped in a historically low share of global FDI, accounting for only 39%.
OAO NOVATEK (“NOVATEK” and/or “the Company”) announced today the closing of the sale of a 20% participation interest in Yamal LNG Project (“Project”) to CNODC, a subsidiary of China National Petroleum Corporation (“CNPC”), upon the receipt of all necessary regulatory approvals from Russian, European and Chinese authorities.
The Russian Direct Investment Fund (RDIF) and the Korea Investment Corporation (KIC) have signed a memorandum to form the Russian-Korean Investment Platform.
The investment platform will focus on cross-border investments which fulfill Russian-Korean strategic interests. The parties intend to invest in companies and projects that facilitate trade and encourage investment cooperation between the two countries.