Russian gold miner Polyus posts 51 pct drop in Q1 net profit

Polyus gold, Russia's largest producer of the metal, reported first-quarter net profit down 51 percent at $244 million, hit by reduced foreign exchange gains and other non-cash items.

Reuters | May 30, 2018 | 3:41 am

RBS to stop financing new coal plants, oil sands or arctic oil projects

Britain’s Royal Bank of Scotland said it had tightened restrictions on project finance and general lending for high-carbon energy projects and companies.

Reuters | May 29, 2018 | 12:38 pm

Brazil truckers strike having limited impact on Vale operations – CEO

The company will announce "organic growth" in the coming months.

Reuters | May 29, 2018 | 11:58 am

India seeks gold, diamond mining rights in Russia

India seeks to import gold and diamonds for value-addition before exporting them.

Reuters | May 29, 2018 | 11:55 am

Petropavlovsk asks UK regulators to investigate activist shareholders

The London-listed firm is near the end of a quest to bring on technology to boost profits from the treatment of refractory gold ore.

Reuters | May 29, 2018 | 11:48 am

Australia’s Galaxy Resources to sell tenements in Argentina to POSCO for $280 mln

The land is located in the northern area of the giant Salar del Hombre Muerto salt flat.

Reuters | May 29, 2018 | 9:46 am

Mexico violence hits Canadian silver miner’s operations

Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime.

Reuters | May 28, 2018 | 2:32 pm

ArcelorMittal South Africa to sell stake in Macsteel, shares rise

ArcelorMittal's South Africa unit will sell its 50 percent stake in trading and shipping company MIHBV to its joint venture partner MacHold.

Reuters | May 28, 2018 | 9:41 am

China metals companies trade on Shanghai exchange’s new platform

It will expand to include more commodities, including zinc, lead, nickel, tin and silver, in the next step.

Reuters | May 28, 2018 | 9:25 am

Chinalco closes gap on top aluminium producer Hongqiao via Yunnan deal

Yunnan Metallurgical Group, which controls Yunnan Aluminium Co Ltd, will be merged into China Copper Co, a joint venture between Chinalco and the Yunnan provincial government.

Reuters | May 28, 2018 | 3:18 am

Trump metals tariffs make Granite City great again, but at what cost?

The United States Steel Corp is re-hiring or recruiting around 500 workers as it readies for production in mid-June at a blast furnace it idled in 2015.

Reuters | May 27, 2018 | 6:45 am

Russia’s Avtovaz explores alternatives to sanctions-hit Rusal

Rusal is Avtovaz's top aluminium supplier.

Reuters | May 27, 2018 | 6:30 am

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