Russia Mining News

Alrosa finds gigantic pink diamond, likely its most expensive one

Alrosa is currently trying to decide on whether to sell the 27.85-carat rock as a rough diamond, or cut and polish it.

China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes

Deal boosts energy cooperation between Moscow and Beijing.

Russia's Gokhran has bought only gold this year

Gokhran, part of Russia's finance ministry, was influential on the global platinum group metals markets in the 1990s and 2000s, when palladium stocks it accumulated during the 1970s and 1980s came to the market and depressed prices.

EU states at odds over steel tariffs against Russia, Brazil

Steelmakers have accused the four countries of dumping the steel used in construction and machinery so the European Commission, the trade policy watchdog, had set out plans to levy tariffs of up to 33 percent.

Platinum price pressured as market moves into oversupply

A rise in refined supply (despite a 9% dip in mine-level output) and a drop in automotive and industrial demand erases Q1's 305,000-ounce deficit.

How Russia plans to compete with India in the diamond market

Moscow wants state-owned Alrosa to offer more favorable terms to local cutters

Alrosa to auction rough and polished diamonds at the Eastern Economic Forum

"We have seen the interest of clients from Asia Pacific," the company’s Vice President said

ALROSA invites independent auditor to analyze causes of accident at Mir mine

An independent audit will be conducted to make an overall assessment of all decisions and actions at the design, construction and operation stages of Mir underground mine.

World’s top 10 silver mines

Only six of the top 20 producers are primary silver miners. The polymetallic ore deposits from which silver are recovered account for more than two-thirds of the world's silver resources.

Strong rouble, one-off expenses hit Russia's Nornickel's H1 earnings

Russia's Norilsk Nickel reported a 3 percent fall in first-half core earnings on Tuesday, missing analysts' forecasts, due to a stronger rouble and a jump in social expenses.

Search for four missing workers trapped at Russia's Alrosa mine fails

Water level makes it "too risky" for rescuers to try accesing area where miners were believed to be when the accident happened.

Alrosa to keep 2017 output target unchanged despite Mir accident

The world’s top diamond producer by output in carats still expects to produce about 39 million carats this year.

Alrosa unveils first unique Russian collection of diamonds

Russia’s Alrosa, the world’s top diamond producer by output in carats, introduced Tuesday The Dynasty, a unique collection of diamonds manufactured at its cutting and polishing facilities.

Uranium to stay weak for now but a 'violent price increase' is coming: Cantor

Operators dragging their feet on production cuts.

World's top diamond miner Alrosa output up 14% in first half of 2017

The Aikhal division accounted for more than a third of the company’s total output in the period, having extracted 6.9-million carats of rough diamonds – a 26% year-on-year increase.

The world’s largest diamond miner just found two massive rocks

Both rocks, said ALrosa, are believed to be gem-quality.

Polyus grabs all of legendary Sukhoi Log gold deposit

First discovered in 1961, Sukhoi Log in eastern Russia holds 62.8 million ounces of gold.

Alrosa has sold $2.5 billion in diamonds so far this year

The world's largest diamond producer by output said market has refound its balance.

Explosion at Norilsk Nickel mine kills four

Four miners were killed in an explosion at the Zapolyarny Mine, part of the Polar Division of Norilsk Nickel.

CHARTS: Lithium-rich countries risk missing the boat on electric batteries boom

The need for the metal is expected to triple by 2025, but no all the countries rich in lithium are taking advantage of that trend, as shown in these graphics.

Russian state corporation suspends $1.2 billion uranium project in Tanzania

Weak uranium market and new Tanzania’s regulations named the main culprits.

Russia's Nornickel in talks to supply materials for BASF's battery plans

Russia's mining giant Norilsk Nickel (Nornickel) said on Tuesday it was in talks with German chemicals firm BASF to supply raw materials needed in the process for making lithium-ion batteries in Europe in the future.

Peter Hambro ousted from his gold mining company Petropavlovsk

New appointments include Russian billionaire

Alrosa finds 62.75-carat diamond at prolific Jubilee pipe

The miner's Jubilee pipe is famous for its large finds.

Nickel production to grow for first time since 2013 — report

More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.