MINING.COM

UK provides model for LME response to US aluminum tariffs

When the UK imposed tariffs on Russian metal last year, the LME responded by banning new deliveries of Russian metal into its warehouses in the UK.

Bloomberg News | February 7, 2023 | 11:00 am

ERG to spend $1.8 billion doubling African copper, cobalt output

Currently, the company produces 200,000 tonnes of copper and 25,000 tonnes of cobalt annually at the mines across the central African copper belt.

Bloomberg News | February 7, 2023 | 9:28 am

US plans 200% tariff on Russia aluminum as soon as this week

The move against aluminum also continues efforts by the US and European Union to blunt Russia’s role as global commodities powerhouse.

Bloomberg News | February 6, 2023 | 10:01 am

Burkina Faso denies favouring Nordgold over gold mine permit

Burkina Faso did not award a mining permit to Nordgold because it is a Russian company, its mines minister said.

Reuters | February 6, 2023 | 5:00 am

Russians bought record number of gold bars in 2022, data shows

State-controlled VTB Bank said it sold 33.8 tonnes of gold bars to customers in 2022, with clients holding 50 billion roubles ($711 million) of the metal.

Reuters | February 3, 2023 | 4:54 am

Russian forces help secure Central Africa gold zone in new pact

A deal struck between the CAR, Chad and Sudan aims to fight armed groups operating along the mineral-rich borders with the neighboring states.

Bloomberg News | February 1, 2023 | 8:04 am

Glencore sells Russian aluminum into LME storage, sources say

A build-up of Russian metal is likely to raise concern in the market that benchmark LME prices will weaken.

Reuters | January 30, 2023 | 10:25 am

Polymetal’s Q4 revenue jumps on inventory clearance

Polymetal has not been directly targeted by Western sanctions imposed on Moscow.

Reuters | January 25, 2023 | 7:31 am

Results hint at high-grade copper-gold in Beskauga project, Arras says

Drilling at Beskauga continues to deliver near-surface, broad intervals of significant copper-gold mineralization.

Staff Writer | January 23, 2023 | 11:38 am

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