According to Bloomberg, the Russian Energy Ministry issued a statement that "Energy Minister Alexander Novak and the heads of Russia's biggest oil companies discussed the possibility of working with OPEC."
Russia Mining News
Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.
As the world prepares to house, feed and care for 9.7 billion people, Ahead of the Herd founder Rick Mills is looking for the companies that will profit from the silent tsunami of demand creeping up on resource and healthcare providers.
These rulings set aside the award of the International Arbitration Court at the Moscow Chamber of Commerce and Industry dated June 30, 2014 (the “MCCI Award”) through which Stans was awarded US$118,000,000 in damages.
The nations were once again the biggest buyers, with China adding 21 tonnes and Russia 22 tonnes in November to their respective reserves.
They are all located in just three countries: Norway, Russia and Canada.
Investors have publicly called on the company’s independent directors to deal with the “misguided policies and missed opportunities” that have hurt their investment.
The stone, described as being of "4 Black Sawables 2 colour" quality with an octahedral shape, was extracted by the company's business unit, Aikhal Mining and Processing Division (MPD).
The rating and research agency expects producers to have to deepen cut prices as supply and demand challenges continue into the new year.
A British private equity firm is battling for the return of a £250m mine in Russia it believes was transferred illegally to a company linked to a Siberian billionaire.
Robert Bensh—managing director and partner at Pelicourt, a Western-owned oil and gas company discusses navigating tricky conflict zones.
The loss was also an effect of the depreciation of the Russian ruble against the U.S. dollar and the revaluation of dollar-denominated loans and borrowings.
Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.
Hong Kong billionaire Joseph Lau bought the world's most expensive diamonds for his 7-year-old daughter, in less than 24 hours.
The new government is considering to stop production at several of its mines until at least 2018 in an effort to help prices by reducing a global oversupply.
It all began about 900 million years ago.
Russia and China increase gold holdings while central banks continue their expansionary monetary policy
Even though the price of gold failed to make a decisive break above the 200 day Moving average, the price looks set to continue its upward trajectory.
The rough-diamond miner extracted about 11.6 million carats in Q3, or 20% more than in the same period last year. However, it could only sell 4.9 million carats.
Prices for the precious rocks have fallen almost 12% in the past year, amid weakening diamond jewellery demand from China, the second largest consumer after the U.S.
PennEnvironment claims the steelmaker has repeatedly violated the federal Clean Air Act at its Monessen coke plant since the facility reopened last year.
Polyus Gold’s largest shareholder has launched a widely anticipated offer to take the UK-listed miner private, but has drawn criticism from its independent board committee for the “disappointing” level of its bid.
Platinum price drop below $900 not good news for gold price either.
Up more than 10% since Volkswagen's emissions admission.
Thomas Drolet warns of a coming Grand Canyon of uranium supply deficit and shares three ways to profit by it
A Grand Canyon of supply deficit is opening up in the uranium markets, with 66 nuclear reactors under construction globally and more restarting in Japan.
FLSmidth has received an order from the Russian minerals producer Norilsk Nickel Group.