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this year compared with the same period in 2022, and supplies to Latin America soared by 50%, while deliveries to Europe fell by 10%, Chief Financial Officer Alexander Sharabaika told reporters at the St. Petersburg International Economic Forum. "In the (first) four months, exports rose by 8% y/y, to Europe - down by 10%, to Latin America - up by 50%. Supplies to Southeastern Asia were less than last year, [deliveries to - TASS] North America increased. Following a surge in supplies to India last year, more than five-fold (to 2.7mn tonnes), we have maintained high volumes of shipments to the country this year as well," he said. The company’s output plan for 2023 is 11.3 mln tons.
9.2.14 Mines and Minerals - other
More than 40% of recoverable coal reserves in Russia are located fully or partially in the Far North, and the coal amount is forecasted at least at 700bn tonnes, the Russian Energy Agency, the University of Science and Technology (MISIS), and the Don State Technical University (DGTU) experts found, MISIS's press service said. "Among the Russian Federation regions, which territories are partially or fully located in the Far North, the largest coal reserves of categories A+B+C1+C2 (explored and estimated - TASS) were found in the Krasnoyarsk Region (68.1bn tonnes), in the Irkutsk Region (14.8bn tonnes) and in Yakutia (14.3bn tonnes). Estimated coal resources <...> in the region make at least 700bn tonnes. The total share of forecasted resources in the Far North is at least 42% of the total estimated reserves across the country, and the largest reserves were found in Yakutia," said the studies' leader, Professor of the Industrial Management Department, MISIS, Diana Savon.
Cyprus-based Crispian Investments Limited, which owns about 4% of Russian metals major Norilsk Nickel, and its major shareholders Roman Abramovich and Alexander Abramov decided not to nominate their representatives to the board of the company, RBC business portal reported citing sources close to Crispian.
Crispian and Abramovich has been a key minority in brokering the shareholder deal in Norilsk Nickel between Interros of Vladimir Potanin (37%) and UC Rusal of Oleg Deripaska (26.4%), who’s clash for NorNickel’s dividends is one of the longest conflicts in Russian corporate history.
As followed by bne IntelliNews in detail, in September 2022 Oleg Deripaska of United Company Rusal and the CEO and main shareholder of Norilsk, Vladimir Potanin, contemplated a merger between Norilsk Nickel and Rusal that could have ended the longest conflict in Russian corporate history.
9.2.16 Other sector corporate news
157 RUSSIA Country Report July 2023 www.intellinews.com