Russia proposes raising extraction tax rates on diamonds, gold, iron oreThe proposed tax hikes would be offset by the abolition of export duties linked to the rouble-dollar exchange rate that were introduced in October 2023.Reuters | June 3, 2024 | 9:57 am
Russia said to seek French-held uranium assets in NigerRosatom has had contacts with Niger’s military-led authorities about acquiring…Bloomberg News | June 3, 2024 | 6:56 am
Nornickel forecasts lower global nickel surplus, bigger palladium deficitThe miner expects surplus to be about 100,000 metric tons…Reuters | May 30, 2024 | 6:54 am
New method could simplify detection of diamond deposits Geologists have established a link between diamond occurrence and the mineral olivine. Staff Writer | February 11, 2024 | 6:06 am
Nornickel’s 2023 profit slumps 51% on falling metal prices Nornickel expects a further decline in its nickel and palladium output this year, due to geopolitical risks and postponed furnace repairs. Reuters | February 9, 2024 | 7:54 am
Some Russian banks may have swapped gold for dollars, report says Russia has faced a shortage of dollars and euros as it’s increasingly shut out of the western financial system. Bloomberg News | February 7, 2024 | 8:51 am
Fire damage, sanctions delay start of new Russia zinc mine The Ozernoye zinc mine, which would be Russia's largest, has been hit by the Western sanctions. Reuters | February 5, 2024 | 10:32 am
Putin signs decree allowing transactions with Russneft shares Glencore previously owned around 24% of Russneft's share capital. Reuters | February 3, 2024 | 12:31 pm
Uranium stocks extend surge after Kazakh miner cuts output Kazatomprom lowered its guidance for production for this year by 12% to 14%. Bloomberg News | February 1, 2024 | 5:47 pm
Gold demand to hit record with central bank buying, WGC says Overall consumption climbed by about 3% to 4,899 tons last year, supported by strong demand in the OTC market, the World Gold Council says. Bloomberg News | January 31, 2024 | 10:10 am
Swiss ban Russian diamond imports, joining latest EU sanctions Bern has agreed to adopt the 12th round of sanctions implemented by the EU in December. Reuters | January 31, 2024 | 9:51 am
Metals sanctions are dividing the biggest traders and banks The latest UK sanctions on Russia are creating new fault lines across the global metals world. Bloomberg News | January 31, 2024 | 8:37 am