December 12, 2023

US sanctions Russian metals magnate Sviblov and gold, zinc firms

The Ozernoye mine had drawn the attention of traders including Trafigura Group and Open Mineral.

December 11, 2023

US House approves Russian uranium import ban

The Prohibiting Russian Uranium Imports Act would bar Russian uranium imports 90 days after enactment while allowing a temporary waiver until January 2028.

December 11, 2023

Polymetal shareholders approve second plan to exchange for Astana-listed shares

The proposal, which affects around 14% of share capital, was approved at the company's general meeting on Dec. 8.

December 8, 2023

ArcelorMittal sells Kazakh assets for $286 million

The Kazakhstan government's involvement in the deal ensured a lower price for the assets.

December 8, 2023

Aluminum group calls for EU to go much further on Russian bans

In the first nine months of 2023, the EU imported almost 500,000 metric tons of Russian aluminum worth $1.37 billion.

December 7, 2023

Arras Minerals joins forces with Teck to explore critical minerals in Kazakhstan

Teck made its first investment into Arras last November by acquiring a 9.9% stake.

December 7, 2023

Russian uranium import ban teed up for US House floor vote

Russia supplied almost a quarter of the enriched uranium used to fuel America's fleet of over 90 commercial reactors last year.

December 6, 2023

G7 to ban Russian diamonds, announce measures on price cap, assets

The group is expected to announce a direct ban as of Jan. 1.

December 5, 2023

EV boom drives miner’s $100 million hunt for new palladium uses

Nornickel will invest the money through 2030 at its research and development center that works on new products.

December 4, 2023

Nornickel raises forecasts for global nickel surplus, palladium deficit in 2023

The company expects a global nickel surplus of more than 250,000 metric tons this year, up from previous estimates of 200,000 tons.