Nornickel’s 2023 profit slumps 51% on falling metal pricesNornickel 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 saysRussia has faced a shortage of dollars and euros as…Bloomberg News | February 7, 2024 | 8:51 am
Putin signs decree allowing transactions with Russneft sharesGlencore previously owned around 24% of Russneft's share capital.Reuters | February 3, 2024 | 12:31 pm
No new Novelis deals to buy Russian aluminum since Ukraine war Novelis is still buying some aluminum from Rusal under contracts agreed before Russia invaded Ukraine. Reuters | August 22, 2023 | 7:39 am
Race for moon resources has begun, says Russia’s space chief after failed lunar mission Russia's Luna-25 spacecraft spun out of control and crashed into the moon on Saturday after a problem preparing for pre-landing orbit. Reuters | August 21, 2023 | 9:33 am
Russian miners, Chinese investors interested in Polymetal’s Russian assets – FT CEO said that the company intends to sell assets within six to nine months. Reuters | August 21, 2023 | 7:25 am
Citi buys $160 million of Russian aluminum others won’t touch The US bank was behind requests to deliver about 75,000 tons of aluminum out of warehouses in Gwangyang, South Korea. Bloomberg News | August 18, 2023 | 11:15 am
Fire kills three at ArcelorMittal mine in Kazakhstan Efforts to contain the fire, which broke out on Thursday, and to restore normal ventilation are under way. Reuters | August 18, 2023 | 7:43 am
Erdene to pour first gold at Mongolia mine in 2025 The Bayan Khundii open-pit gold mine is expected to produce 74,200 ounces of gold annually over its 6.5-year mine life. Cecilia Jamasmie | August 15, 2023 | 7:03 am
Alrosa reports strong diamond sales despite sanctions The company reported a first-half net profit of $551 million. Reuters | August 14, 2023 | 7:44 am
Moon mining – Why major powers are eyeing a lunar gold rush Russia launched its first moon-landing spacecraft in 47 years on Friday. Reuters | August 11, 2023 | 6:22 am
Rusal boosts Asia revenue but Europe remains a key market Asia accounted for 33% of Rusal's revenue in the first six months of the year, up from 23% a year earlier. Reuters | August 11, 2023 | 5:00 am