Russia Mining News

ALROSA starts large rough diamond auction in Vladivostok

For sale,166 gem-quality rough diamonds with a total weight of 2,607 carats.

Rusal's Swedish smelter may be closed if sanctions not lifted

The indirect consequences of the closure are difficult to assess as Rusal is the only aluminium smelter in Sweden.

Alrosa test non-dollar deals to sidestep any US sanctions

Several major Russian companies are exploring ways to do deals abroad without using dollars.

These ten mines will make money – even if gold price falls to $550

Nevada gold mines keep "rocking the boat."

ALROSA extracts rare fancy intense yellow diamond

It is the largest yellow rough diamond mined at ALROSA's deposits this year.

EU's biggest coal-mining nation plans output hike to cut imports

Poland plans to boost output of coal by about 10 percent in the next several years to cut down on imports, which are set to jump to a record this year.

EU extends duties on steel pipes from Russia, Ukraine

The European Commission has extended duties on imported steel and iron pipes and tubes from Russia and Ukraine for another five years.

Russia's Petropavlovsk sees net profit next year as key project boosts output

Petropavlovsk swung to a net loss of $24.8 million in the first half on rising costs and lower sales but declined to give a forecast for the full year.

U.S. sets Nov. 12 deadline for investors to divest holdings of Rusal, EN+

The U.S. Treasury in April imposed sanctions against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including aluminum exporter Rusal, in response to what it termed "malign activities" by Russia.

Central bank demand for gold reaches 3-year high

Egypt recently bought gold for the first time since 1978, India, Indonesia, Thailand and the Philippines have re-entered the gold market after years-long absences.

VSMPO-Avisma and Boeing launch new titanium joint-venture in Russia

VSMPO-Avisma, the world's largest titanium producer, and US planemaker Boeing have launched a new manufacturing unit in Russia.

Russian giant copper project in talks to raise $1.25B

A company owned by Russian billionaire Alisher Usmanov is in talks to raise $1.25 billion from Russian banks by the start of 2019 to build a massive mining and metallurgical plant at Russia's biggest untapped copper deposit.

Russian giant copper project aims to raise $1.25B in 2018

Spurred by high global appetite for cooper, the company in September started preparing the site for construction of a massive plant at the deposit.

Relief for Rusal, but aluminium's political risks remain

The United States has thrown Russian aluminium company Rusal a lifeline by loosening sanctions imposed on the company in April.

Russia's Polyus on track to boost gold output in 2019

Its 2018 production is on track to reach the upper end of its forecast range of 2.375-2.425 million troy ounces.

Russia's Alrosa sales in 2019 to exceed production by 1-2 mln carats – RIA

Russian diamond miner Alrosa said on Tuesday that its sales next year would be 1-2 million carats higher than its production in 2019.

Russia's Potanin returns 2 pct in Norilsk Nickel to Abramovich -sources

The original sale of the stake was disputed in a London court by aluminium producer Rusal, which owns a stake in Nornickel.

Russia's Rushydro says sanctions cloud prospects for joining Rusal's smelter

In April, Rushydro's board approved the move to join the project with total investments seen at around $1 billion.

Iraq pumping oil at record levels, unaffected by protests

The country’s crude exports reached a record of 3.59 million barrels a day.

Chinese aluminum gushes onto world markets on Rusal supply fears

Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.

Rusal's August aluminium exports up 7 percent from July – Ifax

MOSCOW, Sept 6 (Reuters) – Russian aluminium producer Rusa , under U.S. sanctions since April, increased its aluminium exports by 7 percent in August compared to the previous month, Interfax news agency said. Rusal, the […]

Alrosa brings coloured diamonds to Hong Kong in effort to conquer China

As part of its plans to expand into that market, Alrosa will hold its first “True Colour” auction of coloured polished diamonds, during the Hong Kong Gem & Jewellery Fair taking place this month.

Construction starts at biggest undeveloped copper deposit in Russia

With total reserves of around 26.7 million tonnes of copper, Udokan is the largest undeveloped copper deposit in Russia and one of the biggest in the world.

Seven new powerhouses to drive mineral demand: EMR exec

"It is not just China."

Chinese, Russian-owned companies place binding bids for Serbian copper mine

In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return.