Russia Mining News

Canadian diamond discoveries could close pending supply gap

With global diamond demand forecast to grow at approx 3.5% annually over next five years, a supply gap down the line seems inevitable if forecasts hold.

Russia's VTB Capital aims to double gold sales to China in 2018

Russia's gold-trading banks trying to increase presence in Asian markets, especially since demand for Russian gold in European trading hubs slow since 2014.

Russia miner Nornickel sees capex rising by 2019-2020

The company plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018.

Norilsk Nickel to increase 2017 palladium purchases

Head of Global Sales and Marketing Markus Meurer said purchases in 2017 would rise to as much as 600,000 oz of palladium, compared to 160,764 oz last year.

Norilsk Nickel to cut costs by $200-$300m a year by 2020

COO Sergey Dyachenko told Reuters ahead of a strategy update to investors that the cost cuts were part of a comprehensive cost reduction programme.

What people think of globalization, by country

More than in the past, the population is divided on whether globalization is a force for good or not.

New fertilizers based on metal nanoparticles expected to produce macro-harvests

Russian scientists have developed a new generation of innovative fertilizers that, they say, are capable of increasing crop productivity by 25 per cent.

Russia's Polyus says Q3 net profit down 5 pct y/y

Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 7 percent to $475m while total revenue grew 5 percent to $744m.

Russian fund plans a $1bn mining venture with China Gold

"We and China Gold will create an attractive financial platform that private investors can take part in and make money," said Alexey Chekunkov, head of fund.

Russia bets on hungry China with $6bn fertilizer mines

EuroChem Group AG spending over $6bn on two mines to produce potash, a mineral found deep in the Earth that’s prized for its ability as soil fertilizer.

Alrosa finds three large diamonds at prolific Jubilee pipe

The large rough, gem-quality stones range from 82 to 163 carats.

Alrosa sold large rough diamonds worth $9 million at an auction in Vladivostok

Alrosa took stock of the international auction for special-size rough diamonds weighing 10.8 carats and more, held on the territory of the Eurasian Diamond Centre (The EDC) in Vladivostok.

The Polyus power play

The next few years will likely see the biggest shake-up of gold mining's top tier in a decade.

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.

Helicopter operated by Russian coal company crashed in Arctic Norway

A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board.

UNEP urges mining companies to better manage tailings facilities

The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk.

Alrosa has just unearthed another large yellow diamond, hits annual record of massive findings

With the newly unearthed 34.17-carat diamond, Alrosa has hit an annual record in the number of large fancy-coloured stones found at its operations.

Polyus powers on

Russian miner posts another quarter of record production on the way to 2.8m ounces in 2019 as its $2.2 billion Natalka mine ramps up.

Glencore gains approval to buy into Rusal's Ukrainian alumina plant

As a result of the permits, Glencore can acquire shares in companies Aluminium of Ukraine and Guardon Ukraine.

ALROSA to auction large rough diamonds in Vladivostok

Results will be announced on October 30.

Metso wins a significant order to deliver a new minerals processing plant to Russia

Metso has won a significant order to deliver two complete grinding lines to Russia

Tensions between the U.S. and North Korea drive gold prices up

Gold prices finished higher last Friday and followed the upward trend on Monday, with December gold GCZ7, +0.67% rising to $1,283 an ounce.

Russia takes advantage of China's North Korea coal ban

As North Korean imports of anthracite coal have waned with sanctions, those from Russia have soared.

ALROSA starts removing ore from Verkhne-Munskoe deposit

There are plans to remove a total of 75,000 tons of ore from the new deposit before the end of the year.

Russia's Otkritie bank gets stake in Polymetal

Polymetal is a Russian gold and silver producer.