Russia Mining News

Russian miners explore payment schemes eschewing dollar

Russia favoured bilateral trade with all countries in their national currencies, rather than the dollar, but that the idea needed detailed work.

Soviet collapse echoes in China’s Belt and Road

Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers.

Electric car bets boosting nickel demand, Nornickel says

Expectations of a boom in demand for electric vehicles are leading investors and battery makers to stockpile nickel and helping to fuel a spike in global prices of the metal.

"Catastrophic" shutdowns expected at Rusal if U.S. sanctions remain

Under the terms of the sanctions, imposed in April in response to Moscow's alleged meddling in the 2016 U.S. election, U.S. customers must wind down business with Rusal by Oct. 23.

Russia's Rusal shuts down Nadvoitsky plant due to U.S. sanctions

Russia's Rusal is the world's largest aluminium producer outside China.

Massive gold treasure found in Kazakhstan

Archaeologists unearthed 3,000 gold and precious metals objects and jewelry pieces.

Death, diamonds and Russia’s Africa Project: Leonid Bershidsky

The killing of three reporters in the Central African Republic pulls a private, pro-Kremlin military company out of the shadows.

Alrosa sells its most expensive diamond to date

The company said that the Dynasty diamond “is the purest of all large diamonds manufactured throughout the Russian jewelry history.”

Russian gold miner Polyus profits rise, antimony sales start

Earlier this year, the company said it would aim to produce up to 15 percent of global antimony output, used primarily to make fire retardants and batteries.

No love for KAZ mega copper project

Shares down by a third after London-listed miner pays $900m for Russian copper project that will take another $5.5 billion to build.

Canada's Kinross Gold puts Mauritania mine expansion on hold

Kinross Gold Corp said on Wednesday it was "pausing" expansion work at its Tasiast gold mine in Mauritania after a government request for talks to improve the country's economic benefits from the miner's activities.

Killed Russian journalists said to have been working on story involving mining in CAR

They were said to be investigating a private Russian security company operating in CAR as well as Russia’s interests in the local diamond, gold and uranium sectors.

Russian scientists discover new mineral

Uakitite is associated with sulfides, schreibersite and magnetite.

Alrosa to start diamond mining at Zarya by 2019

Total diamond resources are estimated to contain 3.5 million carats of diamonds.

Wreck of Russian warship carrying $130bn in gold found off South Korea

The Dmitrii Donskoi is believed to have sunk in a naval battle 113 years ago, carrying the treasury of the entire flotilla, which would have included port expenses, as well as salaries of sailors and officers.

Russia hikes duties on U.S. imports, pledges more retaliation

The U.S. tariff hike will cost an overall $537.6 million and Russia has the right to impose more compensatory measures in the future.

Alrosa unearths diamond shaped as soccer ball

The 0.50-carat stone was found at the company’s Karpinskaya-1 pipe, located in the northern Arkhangelsk Region.

Why Russia and Turkey are such gold bugs

Russia has cut its holdings of U.S. foreign debt by more than half. Instead, it’s been increasing its gold shares in its international reserves.

ALROSA launches football collection of diamonds on the occasion of the World Cup

The collection consists of 32 round diamonds, 0.3 carats each, named after the countries - participants of the World Cup.

Silver Bear pours first silver from Russian project

“The plant has demonstrated that it can operate at planned hourly production throughput capacity."

Russia dumps treasuries for gold in pivot after sanctions scare

The country cut its holdings of Treasuries nearly in half in April as Washington slapped the harshest sanctions to date on a selection of Russian companies and individuals.

Mystery Russian gold mine investor revealed as crypto executive

One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders.

Russia's Polyus big step closer to building world's largest new gold mine

Moscow company's update on Sukhoi Log project envisages annual production of 1.6 million ounces for 35 years at less than $500 per ounce.

Angola eases controls over diamond sector, to double output in four years

President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue.

LME says looking at expanding eligibility for Rusal metal

The London Metal Exchange (LME) is working to see if it can expand access to Rusal’s aluminum, which is under suspension due to U.S. sanctions.