August 9, 2023 Polymetal plans to sell Russian assets under sanctions in 6-9 months The company had planned to separate its Russian and Kazakh businesses.
August 3, 2023 Russia to restart buying currency, gold as energy income revives Russia gets around a third of its budget revenues from the oil and gas industry.
August 2, 2023 Nornickel makes Asia pivot as metals price drop hits H1 profits Net profit dropped from $5.1 billion to $1.1 billion in the first six months of the year.
July 31, 2023 One big gold seller among central banks has even more to offload Kazakhstan’s central bank is looking to cut the metal’s share to as low as half of its $34.5 billion reserves.
July 28, 2023 Column: LME’s Russian aluminum dilemma set to become more acute The London Metal Exchange is coming under renewed pressure to exclude Russian aluminum from its warehouse system.
July 26, 2023 Polyus closes books on $6.4bn share buyback early A Polyus representative said a large shareholder had submitted a bid to sell part of its stake and that a large number of retail investors had participated.
July 24, 2023 Non-Western supplies start replacing Nornickel’s old mining equipment For 2023, the company is on track to reach its 2023 production forecast.
July 21, 2023 Hydro says Russian metal threatens LME benchmark, Rusal hits back While there are no sanctions on Russian metal, consumers are ignoring aluminium produced by Rusal, which accounts for 6% of global supplies.
July 20, 2023 US imposes sanctions on Russian copper producer UMMC As of 2020, it was producing around 40% of Russian copper.
July 20, 2023 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.
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