The first consignment of uranium fuel from Russia for unit-1 of 1000 MW Kudankulam Nuclear power project-KKNPP in the southern Indian state of Tamil Nadu has reached here on Monday.
Nuclear Power Corporation of India limited-NPCIL spokesperson A I Siddiqui said KKNPP, comprising of two units of 1000 MW (e) each, are at an advanced stage [...]

World Gold Council (WGC), the organisation formed and funded by the world’s leading gold producers, has today announced that it has partnered with a leading Russian jewellery manufacturer, Choron, to bring the Gold Expressions jewellery collection to Russia for the very first time. Choron will present Gold Expressions at the New Russian Style Fair 2008 [...]

OAO Severstal, one of the world’s leading metals and mining companies, today announced that it has reached a binding agreement to purchase WCI Steel, a market leader in the production of value-added steel products based in Warren, Ohio.
According to the terms of the agreement, Severstal will acquire all outstanding equity of WCI for a total [...]

A new study from consultants Wood Mackenzie finds consolidation in the energy industry tends to boost shareholder value rather than diminish it.
The report analyzed the strategy used and value created in deals completed by 38 companies between 2001 and 2006. The companies included major oil companies, independents, Asian national companies and Russian players.
The 195 transactions [...]

OJSC Priargun Mining and Chemicals Association, Russia’s biggest uranium mining enterprise, saw its net profit plummet 71.4% year-on-year in the first quarter of 2008 to 20.02 million rubles. Priargun, located in the Chita region, said in a financial statement that sales revenue rose 15.3% to 1.671 billion rubles and that costs rose more than 17% [...]

Khan Resources Inc. announced that it will make an offer to acquire all of the outstanding common shares of Western Prospector Group Ltd. (CDNX:WNP.V - News) in order to consolidate its position in the Saddle Hills district of Mongolia and achieve significant synergies from the joint development of Khan Resources’ Dornod uranium deposit and [...]

Norilsk Nickel made a net loss of $916.4 million calculated to Russian Accounting Standards (RAS) in the first quarter of 2008, the world’s largest nickel and palladium company has said in a statement.
Norilsk Nickel posted on Wednesday a preliminary output report saying its nickel production increased 22% to 74,572 metric tons in the first quarter [...]

Some 20,000 tons of coking coal have been produced at the Elegesta Coal Field, in the Republic of Tuva, during a month of the technological development of coal seams. The Elegesta Coal Field is one of the world’s larges deposits of coking coal. The technological development of coal seams created conditions for the installation of [...]

Russian metals giant Norilsk Nickel said on Wednesday first-quarter 2008 nickel output rose to 74,572 tonnes from 60,913 tonnes in the same quarter of 2007.
Palladium output in the first quarter was 597,000 ounces, Norilsk said in a statement. First-quarter palladium output in 2007 was 716,000 ounces.
The palladium figures did not include output by Norilsk’s U.S. [...]

State-run Coal India Ltd. has inked a pact with Oil and Natural Gas Corp. to pursue the study of underground coal gasification.
Junior Minister for Coal Santosh Bagrodia said in a statement CIL entered into a memorandum of understanding with ONGC to jointly pursue a pilot-scale study for underground coal gasification.
He said ONGC, in turn, signed [...]