Russia Mining News

Russia's Avtovaz explores alternatives to sanctions-hit Rusal

Rusal is Avtovaz's top aluminium supplier.

Sanctioned tycoon Deripaska resigns as director of his firm Rusal

Deripaska is now actively preparing the next step: reducing his stake in En+, the group which controls Rusal.

Sanctions-hit tycoon Deripaska asks Kremlin to buy some of his aluminium -source

Washington said the sanctions were designed to punish Moscow for its alleged meddling in the 2016 U.S. election.

Polyus expects 2018 gold output at top of forecast range

Polyus, Russia's largest gold producer, said 2018 production was likely to be at the upper end of its forecast range of 2.375-2.425 million troy ounces.

Russian diamond producer Alrosa says H1 sales to exceed initial expectations

Alrosa's 2018 production is expected at 36.6 million carats but its sales will be higher than its production - at about 40 million carats.

Nickel prices expected to settle after Russia sanctions fade

Nickel prices to ease off after reaching a three-year high in April.

ALROSA representative elected as RJC Vice Chair

On May 17, Peter Karakchiev, ALROSA's Head of International Relations, was elected as RJC's Vice Chairman at its 2018 annual general meeting held in Moscow.

Russia's Alrosa sees rosy prospects from colourful diamonds

The global market for polished coloured diamonds is now dominated by Rio Tinto and Anglo American's De Beers. But state-controlled Alrosa aims to compete.

LBMA suspends Russian precious metals refinery from 'good delivery' lists

The London Bullion Market Association has suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".

Alrosa steps up diamond marketing as miner eyes more cutting

Alrosa has traditionally focused on rough-diamond mining but is gradually changing its business after Sergey Ivanov became CEO a year ago.

A crypto tycoon, banking heir and the mysterious fight for gold

For the second time in a year, London-listed miner Petropavlovsk Plc is in the middle of a shareholder coup to throw out the board and revive its fortunes.

No casualties in fire at Russia's Raspadskaya coal mine, Evraz says

Evraz, which controls Raspadskaya, said all miners had been evacuated and that the blaze is thought to have started in the mine's technical equipment.

N. American gold ETF inflows at highest since September 2017 -WGC

North American gold-backed ETFs rose 43.7 tonnes worth $1.9 billion in April.

Qatar steps in to buy Rosneft stake after China deal collapses

Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.

Russia's NLMK says could close U.S. business due to tariffs

NLMK is Russia's top steelmaker.

Alrosa to acquire one of the world’s largest diamond polishing firms

Russia's Kristall cuts around 300,000 carats annually and generates revenue of around $200 million.

WGC latest report shows how weak gold demand has been this year

Global demand dropped so much between January and March that the period became the weakest first quarter since the 2008 financial crisis.

ALROSA sells large diamonds for USD 14.8 million at the auction in Vladivostok

The United Selling Organization (USO) of ALROSA sold 101 special size rough diamonds with the total weight of 1751.1 carats.

Chairman of En+ says working on reducing Deripaska's stake

Greg Barker welcomed a decision by the U.S. Treasury on Tuesday to give investors an extra month to divest or transfer their holdings in En+ Group and other sanctions targets.

Mint American Eagle gold coin sales at weakest April since 2007

Meanwhile, silver coin purchases for the month rose 10 per cent higher than last year.

Metals maker Arconic slashes forecasts, shares slide

Prices to remain high due to sanctions, tariffs.

Rusal to quit global market if US sanctions stay after new board – source

Two sources told Reuters earlier on Friday that Rusal would soon appoint a fully independent board.

Russia’s leading coal producer SUEK joins World Coal Association

SUEK is one of the world’s largest coal companies that produces higher-quality enriched coal.

US sanctions on Rusal shatter aluminium's supply chain: Andy Home

By extending the sanctions deadline to Oct. 23, 2018, the Treasury Department has given Rusal and the aluminium market some much needed breathing space.

Russia's Nornickel cuts 2018 output forecast for copper project

The Bystrinsky project is now expected to produce 25,000-31,000 tonnes of copper and 90,000-110,000 ounces of gold in concentrate in 2018.