Russian tycoon’s investment group sells Polymetal stake to Omani-owned consortiumPolymetal International is seeking to sell its Russian assets, which were sanctioned by the US in 2023.Reuters | January 29, 2024 | 7:07 am
Nornickel forecasts further nickel, palladium output drop this yearThe miner said it was hit by adverse geopolitical risks…Reuters | January 29, 2024 | 7:02 am
Aluminum price jumps after report EU may sanction Russian metalPrices rose as much as 3.6% on the London Metal…Bloomberg News | January 23, 2024 | 3:14 pm
US imposes sanctions on Russian copper producer UMMC As of 2020, it was producing around 40% of Russian copper. Reuters | July 20, 2023 | 1:16 pm
Orea amends deal with Nordgold regarding stake in French Guiana project In August 2022, Orea announced that it would be buying out Nordgold's majority stake in the 5-million-ounce project for C$100 million. Staff Writer | July 20, 2023 | 9:05 am
Trade body considers calling for EU ban on Russian aluminum, but not Rusal The EU has so far restricted imports of only a limited number of specific aluminum products from Russia. Reuters | July 14, 2023 | 1:10 pm
Countries repatriating gold in wake of sanctions against Russia, study finds An Invesco survey showed a "substantial share" of central banks were concerned by the precedent that had been set. Reuters | July 11, 2023 | 4:29 pm
Russia, other BRICS nations planning new gold-backed currency The Russian Embassy in Kenya declared that "the BRICS countries are planning to introduce a new trading currency, which will be backed by gold.” Staff Writer | July 11, 2023 | 4:22 pm
Move away from Russian metal saps Indian, Chinese stocks in LME system Higher percentages of on-warrant Russian aluminum in LME-registered warehouses suggest consumers and traders are avoiding Russian metal even though it is not sanctioned. Reuters | July 10, 2023 | 7:45 am
Polymetal says re-domiciling will not happen until July 31 at earliest The gold and silver producer would not complete its re-domiciling from Jersey to Kazakhstan on schedule. Reuters | June 29, 2023 | 2:27 pm
Bolivia taps China, Russia’s Rosatom in bid to unlock huge lithium riches The deals follow a similar agreement in January with giant Chinese battery maker CATL. Reuters | June 29, 2023 | 9:30 am
US sanctions gold firms suspected of funding Wagner Group The country slapped sanctions on four companies located in the United Arab Emirates, Central African Republic and Russia. Reuters | June 28, 2023 | 8:24 am