MINING.COM

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

Nornickel management proposes 76% dividend cut

Nornickel has proposed slashing its annual dividend for 2022 to $1.5 billion from the $6.3 billion paid out for 2021.

Reuters | January 21, 2023 | 12:13 pm

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Polymetal CEO says new shareholder will expedite Russian asset sale

Russian tycoon’s investment group sells Polymetal stake to Omani-owned consortium

Nornickel forecasts further nickel, palladium output drop this year

Chinese engineers are keeping Russia’s metal furnaces firing

Aluminum price jumps after report EU may sanction Russian metal

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