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.
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.
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.
In March last year, Anna Kuranova sued the company alleging to have been fired wrongfully.
Deutsche Bank recently provided a graphical snapshot that covers the returns of a wide span of assets both YTD and since the mid-August meltdown.
The Report is to inform a wider audience about ALROSA's major contribution to three areas of sustainable development: economy, environment and social systems.
Technoinvest Alliance, one of Russia’s largest producers of rare earths is considering investing up to US$320 million in the development of Zashihinskoe field, one of Russia’s largest rare earths reserves.
As Western central banks continue their manipulation of the gold price in order to prop up flagging fiat currencies, two of the world's largest bullion hoarders are fashioning their own gold market which will function outside the dollar system.
While analysts keep trying to answer the burning question of how much gold China really has, the most recent theory indicates that it's at least 9,500 tonnes.
Radioactive uranium has been seized in Ukraine after four men were arrested, amid claims that pro-Russian rebels are attempting to build a bomb.
World's fifth largest gold miner reports decline in production, $83m net loss and a rise in costs but $1 billion in cash will please investors.
The company has officially shifted operations at its flagship Udachnaya mine from open-pit to underground mining.
The frozen payment corresponds to what the Kyrgyz Republic was told by an international arbitration court to give Stans for revoking its rare earth mining licenses in the country.
Today’s data visualization is the most simple breakdown of the world economy that we’ve seen.
The Russian company, hit by a sustained slowdown in the diamond market, said its rough diamond have declined by 6% in the first six months of the year.
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