Keyword: "russia"

Mining News Pro - Russian State-controlled diamond producer Alrosa said on Friday that its second-quarter net profit fell by 98% year on year to 300-million roubles ($4-million) as the novel coronavirus outbreak hit demand for precious stones.

Mining News Pro - Russia plans investment of $1.5 billion in rare earth minerals, critical to the defence, telecommunications and renewable energy sectors, as it strives to become the biggest producer after China by 2030, a top government official told Reuters.

Mining News Pro - Despite some disruptions caused by the covid-19 pandemic, Russia is expected to surpass China as the world’s top gold producer by 2029, achieving average annual growth of 3.7% y-o-y between 2020 and 2029.

Mining News Pro - Water samples taken by Greenpeace in Russia’s Arctic at the site of a wastewater dump by mining giant Norilsk Nickel contained 50 times the permitted level of toxic substances, the environmental campaign group said on Wednesday.

Mining News Pro - Russian billionaire Roman Abramovich is selling his stake in local mid-sized gold miner Highland Gold, the latest in a series of mining deals involving the precious metal, which is trading at record highs.

Mining News Pro - Russia’s ecological watchdog said the diesel spill from a tank owned by MMC Norilsk Nickel PJSC in May caused 148 billion rubles ($2 billion) of damage in the Arctic.

Mining News Pro - Russia’s safety watchdog on Friday ordered a power unit of mining giant Norilsk Nickel (Nornickel) to suspend operations at six facilities for 90 days for violating safety rules, following a fuel spill in the Arctic.

Mining News Pro - As the coronavirus pandemic pummeled demand from key customers in the auto industry, Russia’s biggest mining company quietly tightened its grip on the palladium market.

Mining News Pro - A 5G pilot zone has been deployed for the first time in Russia at a SUEK coal open-pit coal mine in Khakassia to test the potential of 5G as part of an autonomous haulage system developed by Zyfra, the Finnish-Russian industrial digitalisation leader.

Mining News Pro - BHP has secured a deal to acquire a set of nickel tenements in Western Australia, including the high-grade Wedgetail deposit, from Russian mining giant Norilsk Nickel (Nornickel).

Mining News Pro - A report by Fitch Solutions states that global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining firms.

Mining News Pro - Russia’s Vice-minister for Emergencies, Alexandr Chupriyan, expressed gratitude to the countries that have offered to help with the fuel spill in Siberia in which 20,000 tons of diesel leaked from a reservoir owned by MMC Norilsk Nickel PJSC.

Mining News Pro - Russia’s central bank said on Monday it was seeking to reverse a $1.45 billion deal between Lukoil and Otkritie Holding as part of efforts to recover some state money spent on a bailout of Otkritie bank.

Mining News Pro - Diamonds reserves in Russia, Congo and Botswana combined account for at least 80.6% of the world’s total, estimated at about 1.1 billion million carats, a report released on Wednesday shows.

Mining News Pro - Almost 90 workers at Russia’s largest gold mine, operated by Polyus, have contracted the coronavirus, according to the public health agency.

Mining News Pro - Russia is questioning a US-proposed global legal framework for mining on the moon, saying the document would have to be examined thoroughly to make sure it complies with international laws before is officially proposed.

Mining News Pro - Three of Russian metals and mining companies said on Wednesday they were tightening belts with tools varying from reduced investment to delayed dividends or postponed asset purchases as the new coronavirus outbreak is adding to risks.

Mining News Pro - Uralmashplant (UZTM) recently began the shipment of a mine hoist to Siberia Polymetals JSC (an enterprise of UMMC). Hoist SHPM 5×4 kn is intended for a mine under construction at the Korbalikhinsky ore deposit. This is the second machine of this type manufactured at UZTM.

Mining News Pro - Metso has won a contract for the supply of semi-autogenous grinding (SAG) and ball mill linings for Russian Copper Company’s (RCC) Tominsky processing plant. The deal complements two earlier mill lining contracts for RCC’s Mikheevsky plant, which were signed in December.

Mining News Pro - Russia will start granting perpetual licences for miners to export gold instead of one-off rights, a decree showed on Monday, to support them in shipping metal overseas independently as demand in its regular trade chain is hit by the coronavirus.

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