Rusal’s first-half profit jumps 42% on lower costsRusal, which operates in Guinea, Jamaica, Ireland and Sweden apart from Russia, has been under pressure from the fallout of Western sanctions.Reuters | August 28, 2024 | 5:32 pm
Polyus’ H1 profit jumps on higher global pricesPolyus on Tuesday posted a 183% jump in first-half profit.Reuters | August 27, 2024 | 6:58 am
Nornickel’s first-half profit slumps 22% on weak pricesThe Russian miner also grappled with logistical and international payment…Reuters | August 23, 2024 | 7:32 am
Nornickel cuts nickel production by 10% y/y in Q1 The company confirmed its 2024 production forecast, expecting nickel production to fall to 184,00-194,000 tons. Reuters | April 22, 2024 | 6:03 am
Nornickel moves closer to biggest buyer with plan for copper plant in China The Russian firm will close its Arctic copper plant and build one in China with an unnamed partner. Reuters | April 22, 2024 | 5:23 am
Glencore and Trafigura’s sanctions games are draining the LME The world’s two biggest metals traders plan to withdraw the metal to profit from a new multi-tiered system created by the sanctions. Bloomberg News | April 19, 2024 | 1:42 pm
Russia and China trade new copper disguised as scrap to skirt taxes, sanctions Russian RCC and Chinese firms have avoided taxes and skirted the impact of sanctions by trading in new copper wire rod disguised as scrap. Reuters | April 17, 2024 | 8:25 am
Traders are already gaming the new Russian metal sanctions The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network. Bloomberg News | April 17, 2024 | 6:06 am
Nornickel says new Western sanctions raise risk of metals market disruption Nornickel intends to remain a "reliable supplier of products" and will continue to fulfil all its contractual obligations, said the company. Reuters | April 16, 2024 | 5:40 am
Russia may abolish export duty on gold Russia was in 2022 ranked as the world's second biggest gold miner, after China. Reuters | April 16, 2024 | 1:18 am
Barrick under pressure in Mali as regime eyes control of Loulo-Gounkoto After seizing power in a coup in 2021 and forming an alliance with Russian troops, the Mali junta has been focusing on the mining industry. Staff Writer | April 15, 2024 | 10:30 am
Russian court orders Glencore to pay shares worth 114.8m euros in Sberbank lawsuit It is a second lawsuit Sberbank has filed in Russia against Glencore over unpaid fuel supplies. Reuters | April 15, 2024 | 8:29 am