March 3, 2021

Polymetal reports record net profit on higher gold prices

Company's 2020 revenue rose by 28% to $2.9 billion as gold and silver prices jumped.

March 3, 2021

Nornickel warns on output as two mines remain partly suspended

Oktyabrsky and Taimyrsky mines in Siberia account for 36% of Nornickel's ore mined in Russia.

March 3, 2021

Eramet’s top shareholder pushes for CEO change

The Duval family has written a letter suggesting the metals and mining firm replace chairwoman and CEO Christel Bories, business newspaper L'Agefi reported.

March 3, 2021

Rio Tinto chairman to step down over caves blast scandal

Simon Thompson is the latest high-profile departure linked to the miner’s destruction of ancient rock shelters in Western Australia.

March 2, 2021

Mining magnets: Arctic island finds green power can be a curse

Companies are racing for approval to dig into what the USGS calls the world’s biggest undeveloped deposits of rare earth.

March 2, 2021

Nornickel can restore water-hit mines, but unclear when – experts

The company suspended operations at its Oktyabrsky and Taimyrsky mines in Siberia after it detected subterranean water flowing into the facilities.

March 2, 2021

Alrosa reports 49% fall in profit in 2020

Company output fell by 22% to 30 million carats as it suspended mining at less profitable mines amid the pandemic.

March 1, 2021

Battery demand to maintain elevated cobalt prices – report

But increasing advances in cobalt-free and low-cobalt content batteries will pose a large threat to long-term demand and prices, Fitch says.

March 1, 2021

Nornickel operations chief to leave in management shake-up

Chief Operating Officer Sergey Dyachenko is leaving the company as part of a management restructuring.

March 1, 2021

Gemfields to restart mines after covid-triggered halts

Both Kagem emerald mine in Zambia and Montepuez ruby mine in Mozambique will restart production in a phased manner in mid-March.