Eramet's board unanimously agreed to propose that Christel Bories be renewed for a second four-year term.

Total proven and probable reserves are now 18.6 million tonnes grading 2.89 g/t Au, 7.73 g/t Ag and 0.84% Cu.

Production at the Taimyrsky mine, which has also been affected by water, would begin in June.

Its shareholders, including US fund BlackRock, planned to raise $450-560 million by selling about 37% of the miner through the IPO.

The board of directors at Nornickel, in which Rusal holds a 27.8% stake, will discuss its 2030 investment strategy and dividend guidelines on March 29.

British ministers have rejected a request from mining magnate for a $234.36 million emergency loan to prevent his group, GFG Alliance, from collapsing.

Nornickel said last week that the spin-off of the Bystrinsky mine near the Russia-China border would happen within two years subject to regulatory and other approvals.