Company reported production of 603,312 attributable gold equivalent ounces in the third quarter of 2020.

VTB Capital became Russia’s biggest bullion buyer after the country’s central bank stopped purchasing the metal earlier this year.

A potential UK refinery would produce Talga’s anode product using natural flake graphite from the company’s Vittangi operation in northern Sweden.

Vladimir Potanin said the company should keep its dividends to a minimum, as it contends with the pandemic and a potential $2 billion environmental damages bill.

Copper volumes on world exchanges are climbing again as a buoyant economic recovery from covid-19 in top metals consumer China spurred speculators to pile back into the market.