November 27, 2024

Mining CEO salaries rise, but gender diversity remains elusive, report finds

Chief executive base salaries in the mining industry increased between 2% and 12% in 2023, the report says.

November 27, 2024

Botswana to become certifier in G7 Russian diamond ban

Major African producer will join Antwerp as an origin certifier of rough diamonds for export to the group.

November 26, 2024

China’s seaborne coal imports fall sharply amid shift to Russia, Mongolia supply

China has seen its market share of seaborne coal imports fall sharply over the past two years, down from the 93% between 2015-2022 to 76% in 2023-2024.

November 26, 2024

Diamond miners face turning point amid weak prices — report

McKinsey & Co. consultants say current downturn presents significant challenges, but it also offers a chance for reinvention.

November 26, 2024

Alrosa announces new agreement with Russian state diamond fund

The fund will receive the new diamonds by the end of 2024.

November 25, 2024

Rusal to cut aluminum output by 6%

Rusal said disruption to bauxite supplies from Guinea and Brazil and output suspensions in Australia contributed to a surge in alumina prices.

November 21, 2024

Russia to continue buying diamonds through state fund in 2025

The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.

November 21, 2024

Alrosa plans production cuts and staff reduction for 2025

The miner may cut its labor costs by 10%, which could involve layoffs among its 35,000 staff.

November 20, 2024

Gold price rises for third straight day on Russia-Ukraine fears

Gold is up approximately 28% year to date, with gains underpinned by central bank buying, the Fed’s pivot and geopolitical tensions.

November 20, 2024

Putin scolds Tomtor rare earth deposit’s operator over development delays

Located in the north of the Siberian region of Yakutia, Tomtor is a key project in Russia's plans to boost output of rare earth.