Polymetal agrees $3.7bn Russian asset sale to Siberian gold minerPolymetal has been seeking to sell its Russian assets, which were put under US sanctions in 2023.Reuters | February 18, 2024 | 8:49 pm
Rusal to add Abramovich to lawsuit against Potanin over nickel miner pactThe application marks the latest flare-up in relations between two…Reuters | February 16, 2024 | 10:05 am
Gecamines offers to buy some of Khazakh miner ERG’s copper assetsCongo state miner has made a firm proposal to buy…Reuters | February 13, 2024 | 7:30 am
The great platinum deficit: Council forecasts record demand in 2023 The WPIC forecasts a record 1-million-oz. platinum deficit for 2023. Henry Lazenby | September 7, 2023 | 12:47 pm
Alrosa starts construction of giant new diamond mine The project would require estimated investment of 121.5 billion roubles ($1.26 billion), with production to start in 2032. Reuters | September 4, 2023 | 9:21 am
India asks US to release funds frozen over suspected Russia diamond link – sources India has asked the US to release $26 million belonging to at least two Indian diamond firms frozen due to their alleged trade links with Alrosa. Reuters | August 30, 2023 | 8:28 am
Polyus H1 adjusted net profit jumps 33% y/y Physical sales volume rose 24%, while gold output jumped 36% to 1.45 million ounces. Reuters | August 29, 2023 | 9:06 am
Uranium market turn buoys Kazatomprom H1 profit The world’s largest uranium producer has for the six months to June reported a 25% year-on-year growth in consolidated revenue. Henry Lazenby | August 25, 2023 | 4:16 pm
What the ascent of hydrogen as a renewable resource means for platinum demand The emerging global hydrogen supply chain is essentially “made of platinum,” says Bank of America Global Research commodities strategist Michael Widmer. Henry Lazenby | August 25, 2023 | 10:22 am
Headwinds mount in quest for stable copper supplies By 2025, deficit is projected to spike to 217,000 tonnes and could further intensify to a staggering 2.2 million tonnes by 2032. Henry Lazenby | August 24, 2023 | 9:48 am
Ailing Chinese copper giant announces tie-up to help debt crisis Maike until recently was responsible for a quarter of China’s refined copper imports, but ran into difficulties last year. Bloomberg News | August 24, 2023 | 7:36 am
The race to ditch Russian uranium starts in New Mexico’s desert The $5 billion Urenco plant in Eunice supplies about one-third of US demand for enriched uranium and is in the process of boosting output by 15%. Bloomberg News | August 22, 2023 | 4:42 pm