Russia

Alrosa sells bank, to focus exclusively on diamond mining

Cecilia Jamasmie | March 2, 2015
Alrosa sells bank, to focus exclusively on diamond mining

The miner owned an 84.66% stake in LLC MAK-Bank.

Plenty of potash, but almost no low cost sources for crop production

US Geological Survey | March 3, 2015
Plenty of Potash, but almost no low cost sources for crop production

While the earth contains enough potash to meet the increased global demand for crop production, some regions lack potash deposits needed for optimal food crop yields, the latest global assessment of the resource by the USGS shows.

Russia opens its largest coal mine

Cecilia Jamasmie | February 23, 2015
Russia opens its largest coal mine

The Arshanovsky open cut mine is expected to yield 10 million tonnes of coal a year once at full capacity.

Charges against former Uralkali CEO dropped, potash price war imminent

Cecilia Jamasmie | February 22, 2015
Charges against former Uralkali CEO dropped, potash price war imminent

While criminal charges against Vladislav Baumgertner, former Uralkali CEO, were ditched, he may face further damages claims as part of the so-called potash case.

Global insecurity is good for gold, says Mike Niehuser

The Gold Report | February 16, 2015
Gold price goes for $1,300

International anxiety may be good for gold prices, as gold continues to have a place as a store of value in uncertain times, says Mike Niehuser of Scarsdale Securities.

Kinross drops $1.6bn Tasiast expansion

Frik Els | February 11, 2015
Kinross drops $1.6bn Tasiast expansion

Toronto-based gold miner also cuts production outlook and raises costs for 2015.

ALROSA and IDE sign a memorandum of understanding

ALROSA | February 9, 2015
Russian diamond giant Alrosa Q3 output falls

The parties agreed to exchange information on polished diamond identification and grading, joint research toward new technologies for diamond cutting and polishing.

Raymond James analyst's four top picks for the coming uranium upswing

The Energy Report | February 5, 2015
Uranium symbol

Uranium spot prices have shown more life recently, says David Sadowski, mining equity research analyst at Raymond James, and he expects upward pressure to continue as utilities resume buying to meet future needs. In this interview, he tells The Energy Report the time is ripe to invest in uranium company stocks.

Russia stashes 55 tonnes of gold in Switzerland

Frik Els | February 4, 2015
Russia stashed 55 tonnes of gold in Switzerland last year

Customs data shows the world's second largest gold miner Russia exported 58 tonnes to be refined in Switzerland last year, but got less than 3 tonnes back.

Contrarian Economist John Mauldin: How to position your portfolio to win in the currency wars

The Gold Report | February 2, 2015
U.K. to join race for potash supply

"I'm sure we'll lose a few banks here and there."

Russia's Alrosa output jumps 8%, but sees moderate growth this year

Cecilia Jamasmie | January 29, 2015
Russia's Alrosa output jumps 8%, but sees moderate growth this year

The miner also said it aims to increase sales by 1% percent in 2015, taking advantage of rising production and using offtake from its stock.

Potash Corp. profit jumps 77% on record sales

Cecilia Jamasmie | January 29, 2015
Potash Corp. profit jumps 77% on record sales

The Saskatoon-based miner also hiked its quarterly dividend 9% to 38 cents per share.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Eric Coffin: is market sentiment shifting to gold?

The Gold Report | January 19, 2015
dark-tunnel-mine-with-light-333

So where do investors go looking for returns? Eric Coffin suggests gold, both bullion and stocks.

ArcelorMittal sells its coal mines to Russia's National Fuel Company

Cecilia Jamasmie | January 19, 2015
ArcelorMittal sells its coal mines to Russia's National Fuel Company

The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

Stans Energy Corp announces MOU for acquisition of Rudniy Log specularite property

Stans Energy Corp | December 29, 2014

Under the terms of the MOU, Stans and GRK MA (together “the Parties”), have agreed on consideration for the possible development of the Rudniy Log specularite (iron oxide) deposit (the “Deposit”).

Look for big rally in junior miners in January after tax loss selling

Be prepared to pick up quality situations during tax loss selling season and benefit off of a powerful January Effect rally.

Traders betting Russia’s next move will be to sell gold

Bloomberg | December 21, 2014

Russia’s surprise interest-rate increase failed to stop the plummeting ruble. Another tool available to repair economic havoc caused by sanctions and falling oil prices: selling gold.

Deep-sea mining pioneer now hunts for resources in space

Cecilia Jamasmie | December 16, 2014
Deep-sea mining pioneer now hunts for resources in space

Julian Malnic, the founder of world's first deep-sea miner Nautilus Minerals has joined the board of Deep Space Industries.

Global economy: why it’s a year-end “mess”

Daily Gains Letter | December 13, 2014

The blue-chip Dow Jones Industrial Average (DJIA) fell 185 points on Tuesday, prior to rallying to cut its loss—but this was followed by a 170-point intraday decline on Wednesday.

Spare dollars

GoldMoney | December 12, 2014

This week I look at another aspect of the dollar, which almost certainly will become a significant source of supply: a global shift out of it by foreign holders.

More insane pictures of Russian potash mining destruction

Vladimir Basov | December 11, 2014
More insane pictures of Russian potash mining destruction

Two large cities in Russia's Perm region sit on potash mines worked for the past 70 years that cause sudden surface subsidences and sinkholes 400m across.

Move over Alrosa, Rio Tinto wants to drive growth in India’s diamond sector

Cecilia Jamasmie | December 11, 2014
Move over Alrosa, Rio Tinto wants to drive growth in India’s diamond sector

The miner hinted its 30-year partnership with the Indian diamond industry makes it the best fit to drive the sector’s growth in the country.

Putin seeks to boost Russian diamond trade through India

Cecilia Jamasmie | December 5, 2014
Putin seeks to boost Russian diamond trade through India

The Russian leader is expected to ink a long-sought deal with India during his visit to the country next week.

Why did the price of potash plummet?

World Economic Forum | December 2, 2014

Prices are unlikely to reach cartel-era levels, however.

Belarus won’t tax potash exports in 2015

Cecilia Jamasmie | December 2, 2014
Belarus won’t tax potash exports in 2015

The nation first cut export tariffs to zero in September 2013 and won't reverse measure next year.

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