Russia Mining News

Alrosa diamond sales picked up in November

The company's total diamond sales last month amounted to $255.2 million, 63% higher than in November last year.

Alrosa diamond sales drop in October, but outlook remains positive

Rough gems sales totalled $430.8 million in October, slightly less than the $435 million fetched in September.

Gold price: If you're selling central bankers are buying

Latest data show Russia continuing to stock its gold vaults, although Venezuela's sales are denting overall official sector net purchases in 2016.

World's fifth-biggest gold miner pleasantly surprised

The Toronto-based gold producer revealed that its net earnings were $2.5 million, or zero a share, in the three months through September.

BRICS sign MOU to develop Siberian gold deposit

The proposed joint venture aims to develop the Kluchevskoye gold deposit into a significant open pit mine and heap leach operation with an expected production rate of 12 million tonnes of ore per year and gold doré production of over 6.5 tonnes per annum.

Nord Gold to join 1 million ounce club

After a difficult first half, Nord Gold's now set up for over 1.2moz per year after start-up at Bouly mine in West Africa and major Russian development.

Alrosa unveils detection device for polished diamonds

Rough-diamond prices fell 18% in 2015 and some miners, such as Alrosa, believe synthetic gems were partly responsible for it.

World’s top diamond producer Alrosa doesn’t like synthetics

The Russian miner, the world's top diamond producer by output, said it has become imperative for the industry to find effective ways to defend the market from illegal substitutions by synthetic gems.

Stars aligning for platinum price

Study predicts fifth year of growing deficits and halving of above ground stocks as strikes in top producer South Africa loom.

Norilsk: A blood red river runs through it

River near the eponymous city of world's top nickel and palladium miner turns crimson.

Alrosa diamond sales drop in second quarter on fading demand

Net profit for the period, however, increased substantially — up 61% from a year ago to 40.5 billion roubles ($625 million).

ALROSA – official partner of the Eastern Economic Forum

PJSC ALROSA, the world leader in diamond mining, will participate in the Second Eastern Economic Forum on September 2-3, 2016, as its official partner.

Scott Close: Eurasian Minerals is a royalty generator

Scott Close of Eurasian Minerals sits down with Maurice Jackson of Proven and Probable to discuss the virtues of partnering and owning shares in one of the industry’s premier Prospect Generators.

If you own no gold, you may want to buy some — Jeffrey Nichols

Nichols, a senior economic advisor to precious metals asset firm Rosland Capital, is on board of the bull wagon — he expects the metal price to rise before Jan 1. 2017.

India to tap into Russia’s undeveloped coal, iron ore deposits

Cooperation agreements between the nations would guarantee India fresh supply of Russian coal, liquefied natural gas (LNG), diamonds and fertilizers.

ALROSA joins the Responsible Jewellery Council

The Responsible Jewellery Council is an international not-for-profit organization, which focuses on enhancing consumer confidence in the jewellery industry and promoting of responsible business practices.

Hedge funds up bullish platinum, palladium bets near record

Large scale futures speculators and PGM investors in physically-backed exchange traded funds are taking wildly different views of the outlook for the metals.

Diamond giant Alrosa unearths 136.24-carat rock

Currently unnamed, the stone is one of the largest diamonds ever recovered at the Nyurbinskaya open-pit mine.

$60 iron ore price see Australia, Brazil lose market share

Report shows higher ore prices have encouraged the likes of Iran, Russia and Mongolia to increase shipments to China at faster pace than dominant players.

China and Russia continues to buy into bullion

The rush to buy gold continues as major economies add to reserves.

Losses persist at Kinross

Second quarter revenues beat estimates and Toronto-based gold miner sticks to record output prediction for 2016.

China signs long-delayed potash deal with Belarus at 30 pct less than last year’s price

Analysts see the long-awaited deal to sell potash to Chinese buyers as good news for the beleaguered sector, even though the agreed price is dramatically lower than last year’s.

Diamond giant Alrosa unearths massive 214.65-carat rock

It measures 42.11 by 34.26 by 16.07 mm, and is translucent with a grey hue.

Russia gets $813m for stake in diamond company Alrosa

The sum obtained after selling 10.9% of the state-controlled diamond producer will be used to cut budget deficit, the government said.

China, Russia mull setting joint gold mining fund

The new investment fund would focus on financing gold mining projects in eastern Russia.