Alrosa nixes dividend as economic sanctions bite

Mining News Pro - The board of Russian diamond major Alrosa (MCX: ALRS) has suggested shareholders vote to receive no dividend for 2021 during the upcoming general meeting.

Metals traders ‘self sanction’ key Russian palladium, disrupting markets

Mining News Pro - A reluctance by precious-metals traders to handle Russian-produced palladium is creating an unusual and persistent dislocation between the world’s two main markets.

Global diamond trade fractures under the weight of Russia sanctions

Mining News Pro - Russia’s invasion of Ukraine is fracturing a billion-dollar trade that spans the permafrost-laden diamond mines of Siberia, secretive trade houses in Antwerp, dusty polishing powerhouses in India and New York’s glittering designer jewelry stores.

How a sanctioned Russian company gained access to Sudan’s gold

Mining News Pro - Dozens of battered trucks laden with gold-bearing ore snake their way across the desert in northeastern Sudan and dump their loads at a compound on the outskirts of the town of Atbara.

Russia says it may buy diamonds from sanctions-hit Alrosa

Mining News Pro - Russia may buy an as yet undetermined amount of rough diamonds from sanctions-hit producer Alrosa through its state precious metals and gems repository Gokhran, the country’s Finance Minister Anton Siluanov said on Wednesday.

Chilean regulator moves to sanction Glencore over mine monitoring

Mining News Pro - Chile’s environmental regulator said on Tuesday it had launched a sanction process against Glencore’s Lomas Bayas copper mine for non-compliance with water, flora and fauna monitoring in its operation area.

Putin wants Russia to boost its use of metals to counter sanctions

Mining News Pro - Russian President Vladimir Putin on Wednesday called for structural changes in Russia’s metallurgical industry to counter Western sanctions he said were starving it of some components and restricting its ability to sell some goods abroad.

Oleg Deripaska’s superyacht sails on as sanctions bite

Mining News Pro - Clio, a $65 million superyacht tied to Oleg Deripaska, the Russian aluminum billionaire whose connections to Vladimir Putin have put him on sanctions lists, is on the move again after being anchored off the Maldives.

Petropavlovsk weighs sale of business after Russia sanctions

Mining News Pro -London-listed Russian gold producer Petropavlovsk is considering putting itself up for sale, it said on Thursday, following sanctions on Russia and the risk of countermeasures.

Sanctioned Russian’s family sells $6 billion stake in Polyus

Mining News Pro - Said Kerimov, the son of sanctioned Russian billionaire Suleiman Kerimov, resigned from the board of gold miner Polyus PJSC on Monday, the same day his family’s holding company reduced its stake in the business to less than 50%.

Gold price extends gains amid talks of further energy sanctions on Russia

Mining News Pro - Gold extended gains on Thursday as risk sentiment continues to pile up over the military crisis in Ukraine, with the US and its allies entering discussions on possible further energy sanctions against Russia.

Sanctioned Russian nickel could slow global EV adoption

Mining News Pro - Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to a new report from GlobalData.

US senators seek to bar Russia selling gold to dodge sanctions

Mining News Pro - A bipartisan group of U.S. senators has introduced a bill to impose secondary sanctions to anyone buying or selling Russian gold in an effort to block one of Moscow’s remaining possible avenues for offsetting the collapse of its currency.

Uranium mining stocks gain as US weighs sanctions on top Russian supplier

Mining News Pro - The Biden administration is considering imposing sanctions on Russia’s state-owned atomic energy company, Rosatom Corp., a major supplier of fuel and technology to power plants around the world, according to people familiar with the matter.

With eye on metal prices, US cautious on possible sanctions of Usmanov companies

Mining News Pro - The United States and its allies will look for ways to impose sanctions on companies under Russian metals and telecoms tycoon Alisher Usmanov’s control without raising the price of commodities, a U.S. Treasury Department spokesperson told Reuters on Tuesday.

Nickel market eyes fate of Siberian metal as sanctions bite

Mining News Pro - The biggest risk in battery materials from Russia’s increasing economic isolation centers on supplies of top-notch Arctic nickel controlled by the country’s richest man.

Gold price gains as investors weigh impact of Russia sanctions

Mining News Pro - Gold extended gains on Tuesday as investors continue to assess the risks to global growth that may stem from the sanctions against Russia in the wake of its invasion of Ukraine.

Russian miners hit by sanctions likely to get boot from FTSE 100

Mining News Pro - Two Russia-focused miners are expected to get kicked out of the U.K.’s benchmark FTSE 100 Index after the invasion of Ukraine sparked a selloff in Russian assets.

Gold price edges higher on fears of economic slowdown following sanctions

Mining News Pro - Gold prices climbed higher on Monday as Western nations escalated sanctions on Russia for the invasion of Ukraine, heightening fears of a hit to global economic growth.

Russian metal exports slide as sanctions hit commodity financing

Mining News Pro - Russia’s industrial-metal exports are sinking as the country’s invasion of Ukraine prompts commodity buyers and financiers to pull back from its powerhouse producers, according to executives and analysts tracking trade flows.

Biden team to hold off on Russia sanctions hitting aluminum

Mining News Pro - The Biden administration is holding off for now on sanctions against Russia that could disrupt global aluminum supplies, according to people familiar with the matter, as the market grapples with already severe shortages of the metal.

Rio Tinto sees US sanctions on Russia potentially disrupting aluminium supply

Mining News Pro - Possible US sanctions on Moscow over the Ukraine crisis may affect Russia’s aluminium industry, Rio Tinto CEO Jakob Stausholm said on Wednesday.

Kinross says Russian gold mines unaffected by sanctions

Mining News Pro - Canadian senior miner Kinross Gold (TSX: K; NYSE: KGC) says its operations in Russia are operating to plan and currently remain unaffected by Western and US sanctions announced on February 22.

Aluminum shortages to deter blanket sanctions on Rusal

Mining News Pro - The United States and European Union countries are unlikely to impose blanket sanctions on Rusal if Russia invades Ukraine as that would exacerbate aluminium shortages, propel prices to new records and damage manufacturing, analysts say.

US potash sanctions may push Belarus deeper into Putin’s arms

Mining News Pro - US sanctions against Belarus’s potash industry that have helped push fertilizer prices to record highs may also draw President Alexander Lukashenko’s regime more tightly into Russia’s embrace to survive the shock to its finances.

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