Russia Mining News

Alrosa vice president Andrey Polyakov assumes world diamond council's presidency

The World Diamond Council brings together representatives of the entire international diamond industry supply chain, from mining through retail.

Russia approves plan to sell stake in diamond giant Alrosa

The miner, along with fellow Russian firms Rosneft, VTB Bank and Bashneft are among the most likely candidates for privatization this year.

Intrepid Potash idles US mine, lays off hundreds

The Denver-based potash miner is placing its West facility in New Mexico in "care and maintenance” beginning July.

This is the first and only miner upgraded this year

Mining's marquee names have had their credit investment ratings slashed or reduced to junk. This diamond company is defying the downturn.

RBC wants over $7 million for job they didn’t do: Crew Gold

Canada's biggest bank is suing former client Crew Gold over a fee the lender claims it should have been paid by the mining company.

Big boost for world's top diamond miner

Moody's upgrades Alrosa credit, praising Russian firm's low-cost reserve base, technical mining expertise, solid liquidity and conservative financial policy.

Miners spending again: $50 billion capex in five months

Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.

Potash miners hit by increased competition, supply amid low prices

Analysts, companies expect prices to stay below 2015 levels for at least the next two years.

Slow growth, production cuts, divestment expected for Europe mining sector

Analysts outline five key themes resources companies in Europe will have to deal with in the next few months.

Canadian potash companies lack major 2016 supply deal

Not only Canadians, but also producers from Russia and Belarus have yet to sign 2016 contracts with Chinese importers.

Alrosa forecasts brighter times for diamond sector

The Russian firm, which together with De Beers controls almost two-thirds of the diamond market, is being prepped for privatization.

The uranium shakedown: How Mongolia and Russia conspired against western investors (Part 1 of 3)

The curious case of Khan Resources exposes how Mongolia seized uranium mine deposits from their Canadian legal owner and transferred them to Russian government control. And with elections imminent, the Mongolian government is now trying to clean up the mess. (Part One of a Three Part Series)

Diamond dedicated to mothers of Russia

Company President Andrey Zharkov signed an order to give to the fact of a gem-quality diamond extraction the name Mothers of Russia.

Gold-buying spree makes of Russia the world's largest consumer

The country's central bank added 356,000 ounces of the precious metals to its reserves in February.

ALROSA opens a branch in Russia's far East

ALROSA Supervisory Board approved the decision to open a branch in Vladivostok. It is the first step on the way to creating Russian Diamond Centre in the Primorye Territory.

The richest and poorest countries in the world

The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe.

Crumbling U.S empire drives Russia & China to move into gold

Central bankers have been on a massive Gold Buying Spree led by Russia and China.

Platinum market to record 5th deficit in a row this year

Mining supply returns to pre-strike level but recycling falls.

Update: World's top 10 gold producers

Combined output topped 30 million ounces in 2015.

Death toll from Russia's mine disaster climbs to 36 as rescuers killed in new explosion

The bodies of four miners were recovered after the initial disaster, but the remains of the six rescuers who died trying to reach the stranded miners are yet to be found.

Alrosa’s diamond reserves up to 1.108 billion carats

The update comes as the world's top diamond producer revealed the results of its prospecting and geologic exploration carried out last year

Coal mine explosion in Russia kills 4, 26 missing

About 110 coal miners were underground when a seismic jolt caused part of the structure to collapse late Thursday.

Wave of deals to shake the global gold industry in 2016 — report

Gold miners to keep cutting cost, team up amid unusual market conditions that will continue boosting deals, says BMI Research.

This is the 122-carat diamond Alrosa just found at its Jubilee pipe

The massive rock worth about $1.5 million.

Russia cries Dyadya (Uncle), is Saudi Arabia listening?

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."