Russia to raise tax on metals producers in 2022

Mining News Pro - Russian President Vladimir Putin said on Friday that Russia will raise a mineral extraction tax (MET) on metals producers in 2022.

Russian tax brews up perfect aluminum premium storm

Mining News Pro - Aluminum has been one of the strongest year-to-date performers among the industrial metals thanks to robust pandemic demand recovery and production curbs in China, the world’s largest producer.

Russia prepares to hit metals firms with $2.3bn in export taxes

Mining News Pro - Russia is preparing new export taxes for steel products, nickel, aluminium and copper which will cost their producers $2.3 billion between Aug. 1 and Dec. 31, its officials told a government meeting on Thursday.

BlackRock-backed Russian gold miner starts $500m IPO

Mining News Pro - GV Gold, a Russian gold miner backed by BlackRock, is planning an initial public offering in Moscow that may raise as much as $500-million.

Experts warn of brewing space mining war among US, China and Russia

Mining News Pro - A brewing war to set a mining base in space is likely to see China and Russia joining forces to keep the US increasing attempts to dominate extra-terrestrial commerce at bay, experts warn.

Experts warn of brewing space mining war among US, China and Russia

Mining News Pro - Miner and commodities trader Glencore added on Tuesday a third female director to its nine-person board, appointing former Anglo American chief executive Cynthia Carroll to its board.

Russia`s gold production down 7% y/y to 314 t in Jan to Nov

Mining News Pro - Russia produced 314.41 t of gold from January to November, down from 337.26 t during the same period in 2019, the finance ministry said on Tuesday.

Russia, Australia to drive global gold output growth

Mining News Pro - Global gold mine production growth will rebound in the coming years underpinned by higher gold prices and mergers between major mining firms.

Tata Steel tests coking coal samples from Russia for producing steel

Mining News Pro - The development assumes significance in the domestic steel industry as a fruitful result of the experiment would break the monopoly of Australia in coking coal supply to India.

Agreement finalised to reduce US reliance on uranium from Russia

Mining News Pro - The governments of the US and Russia have finalised a deal extending the limits of uranium imports from Russia for another 20 years, a move which US Secretary of Commerce Wilbur Ross says will help revitalise the domestic nuclear industry.

Coal mining in the Russian Federation at the beginning of the 2nd half of the year again plunged into losses

Mining News Pro - Coal mining in Russia at the beginning of the second half of the year again plunged into losses after three months, when the balance of the industry was positive, follows from the data of Rosstat.

US seeks to lower Russian uranium imports to boost US nuclear industry

Mining News Pro - The US Commerce Department on Monday inked a draft agreement with Russia`s state nuclear energy company to reduce imports of uranium from Russia over the next 20 years in a bid to boost domestic mining and nuclear energy.

Russia’s richest man owns more melting Arctic than anyone

Mining News Pro - Vladimir Potanin, one of the 50 richest people on the planet, stood awkwardly on the Siberian tundra near the remote mining city of Norilsk. It had been less than a week since a spill that threatened to become one of Russia’s worst disasters in the Arctic, caused entirely by an aging fuel tank owned by his mining operations. The billionaire was about to receive a verbal lashing from Russian President Vladimir Putin in front of a national audience.

Russian oil spill cleanup to stretch into 2021

Mining News Pro - MMC Norilsk Nickel’s Vladimir Potanin said it’s impossible to estimate the cost of damages from May’s massive fuel spill in the Arctic until the miner completes the clean-up, which may extend into next year.

Four people die in accident near coal mine of Russia’s Severstal

Mining News Pro - Four workers died when a building they were demolishing near a coal mine of Russian steel producer Severstal collapsed on Saturday, the company said in a statement.

Coronavirus pushes Q2 net profit of Russian diamond miner Alrosa down 98%

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.

Russia has $1.5bn plan to dent China’s rare earth dominance

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.

Russia on track to become world’s top gold producer by 2029

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.

Arctic wastewater dump near Russia’s Norilsk was toxic, says Greenpeace

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.

Russian billionaire Abramovich sells out in $1.4bn gold deal

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.

Arctic diesel spill caused $2 billion damage, Russia says

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.

Russia halts Nornickel power unit after fuel spill

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.

Pandemic helps Russia tighten its grip on a key strategic metal

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.

Russia starts using 5G network on autonomous mining dump trucks

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.

BHP honeymoons with Russian major to expand WA nickel portfolio

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).

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