Put sanctions on Russian-origin aluminum, not on Rusal, industry group says

The speed and severity of the collapse in diamond prices caught many by surprise.

Britain on Wednesday announced sanctions on Krastsvetmet, the main refinery used by top palladium producer Norilsk Nickel.

Rusal's Moscow-listed shares fell on the news, to a one-week low.

The high share of Russian-origin metal in the LME-registered stocks has been a concern for some producers.

The fire at the Ozerny mine has been extinguished but it has heated up the zinc market.

Company will offer up to 5% of capital in new shares in an initial public offering on the Moscow Exchange.

Fire has been extinguished at a workshop at Ozernoye, scheduled to become one of the largest zinc mines in the world.

Britain sanctioned two of Russia's largest gold producers, Nord Gold Plc and Highland Gold Mining Ltd.

The plan is to train more than 3,000 specialists to perform humanitarian demining of areas left heavily contaminated with explosive ordnance in the aftermath of fighting.