Russia Mining News

Russia's central bank gold hoard is now bigger than China's

Russia has overtaken China as the fifth-biggest sovereign holder of gold.

Russia's Prokhorov sells 6 pct stake in Rusal to Vekselberg

The sale will close a chapter at the world's second largest aluminium producer.

Co-owners of Russia's Nornickel back in fight for control

Nornickel, a $33 billion mining company, competes with Brazil's Vale SA for the rank of the world's top nickel producer.

Deripaska takes on Potanin as mining tycoons battle in court

Three billionaires faced off in London court on Friday in a conflict triggered by Roman Abramovich’s desire to sell his stake in MMC Norilsk Nickel PJSC.

Russia's Polyus 2017 adjusted net profit up 7%

Polyus saw rising sales last year and expects to both invest and produce more in 2018, aiming to up production at its new Natalka gold deposit.

Russia and Iran to revamp Fordow nuclear facility

The Russia-Iran conversations are taking place within the framework of the Joint Comprehensive Plan of Action on Tehran’s nuclear program.

Russia says discussing road map for usage of PGMs with South Africa

Donskoi discussed the need for more active cooperation in the usage of PGMs.

Russian gold miner Petropavlovsk names new chief executive

The appointment comes less than a month after Kazakh businessman Kenges Rakishev told Reuters he wanted to bring back co-founder Pavel Maslovskiy as CEO.

Gold price: 9 straight years of record annual mine production

New report shows world's mines produced all-time peak of 105 million troy ounces of gold in 2017 despite 9% drop in output in top producer China.

Russia's watchdog allows GV Gold to buy Vekselberg's gold assets

Russian anti-monopoly service has allowed the mid-sized gold miner GV Gold some gold assets from Russian businessman Viktor Vekselberg.

New large stones found at Yubileynaya pipe

In January 2018, ALROSA recovered two gem-quality stones weighing 97.92 carats and 85.62 carats.

Russia's Nornickel says palladium output may fall in 2018

Norilsk Nickel said its production of palladium could decline in 2018, while output of nickel from Russian raw material would remain flat.

ALROSA's subsidiary supplies 27 X-ray sorters for the Cullinan Mine

The Cullinan Mine is owned 74% by Petra Diamonds Limited and is renowned as the source of very rare blue diamonds and large, high quality gem diamonds.

What could push oil to $100?

The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019.

Alrosa ups Q4 diamond output, mulls Mir mine future

The Russian state-controlled diamond miner increased fourth-quarter production by 6 percent year-on-year to 10.1 million carats as a shutdown at its Mir mine was offset by higher output at other assets.

Russia's Alrosa aims to sell 40 million carats of diamonds in 2018

Alrosa could sell around 40 million carats of diamonds in 2018 provided market conditions are favourable.

Russia's Polymetal says Q4 revenue up 12 pct on year earlier

The Russian gold and silver producer said its fourth-quarter revenue rose 12 percent on a year earlier to $586 million due to higher gold sales.

Russia to invest $250 million in uranium exploration, production in Argentina

Agreement includes Russia’s state nuclear agency Rosatom commitment to build a nuclear power station in the South American country.

Alrosa inks long-term diamond supply deals with 67 clients

Miner aims at selling around 40 million carats of diamonds in 2018 provided market conditions are favourable.

Russia's Polyus launches $250m bond offering

The offering is for senior unsecured guaranteed convertible bonds with maturity of January 2021, expected to carry a coupon of between .5 and 1 pct per annum.

Bond market bear creating gold bull

Currently, there's a lot of good news for gold which thrives on the spectre of high government debt leading to more money-printing and inflation.

OPEC-Russia oil deal renews threat from Canadian oil sands

A fresh surge in U.S. and Canadian oil production would wreck all of OPEC's hard work.

World seaborne coal trade rose 1.5 pct in 2017 – German importers

This rise happened due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity.

Alrosa buys stake in Angola's largest diamond deposit for $70 million

Deal provides the diamond giant with access to a production base outside Russia.

Alrosa 2017 sales fall to $4.3bn on lower average price for rough diamonds

Russian miner said the price decline for rough diamonds was due to the changed sales assortment resulting from an increased demand for small-sized rough rocks from India.