June 22, 2022

De Beers sale shows stronger US and Chinese demand

De Beers sold $650m of diamonds, slightly up from $604m at the previous sale this year, but higher than the $477m this time in 2021.

June 22, 2022

CEO of sanctions-hit Nordgold steps down

Nordgold produces about one million troy ounces of gold a year from eight mines in Russia, Burkina Faso, Guinea, and Kazakhstan.

June 21, 2022

Russia eyes new rules on state’s gold, gem sales amid war

The Finance Ministry proposed this week to put a portion of the country’s gold and gems into a special reserve that can be accessed in times of war.

June 21, 2022

Pathways to sustainable smelting 

As major economies march towards a net-zero future, there is a growing endeavour to produce metals with little-to-no carbon footprint.  

June 21, 2022

Column: Global aluminum production pendulum swings back to China

China produced a record 3.42 million tonnes of primary aluminium in May as the country's smelters continue to ramp up run-rates.

June 21, 2022

Switzerland imports Russian gold for first time since war

Switzerland received 3.1 tonnes of gold worth around $200 million from Russia in May, accounting for around 2-3% of its total gold imports.

June 21, 2022

EU leaders to keep sanction pressure on Russia, gold flagged as new target

European Union leaders are set to keep pressure high on Russia at a summit this week when they will underline that work continues on sanctions.

June 21, 2022

Glencore unit pleads guilty to bribery in Africa

Glencore Energy admitted to paying more than $28 million in bribes to secure preferential access to oil in five countries.

June 20, 2022

China’s alumina exports soar to fill Russian shortages

The 190,000 tons shipped in May brings the year-to-date figure to 380,000 tons, nearly 1,000% higher than the same period in 2021.

June 20, 2022

Austria returns to coal era in hedge against Russian power play

State-controlled Verbund, Austria’s biggest utility and most valuable company, was ordered late Sunday to prepare its mothballed Mellach coal-fired station for operation.