Siberia’s mining potential grows due to global warming

MINEX Forum | May 24, 2018
img0 Russia’s Siberian region, which is rich in coal, gold and many other minerals, remains relatively unexploited, as its challenging landscape and harsh weather conditions hamper the exploration. However, melting ice and permafrost are potentially easing the mining process, so the situation is likely to change. As the Siberian land becomes more accessible because of global ...

Former Petropavlovsk CEO hopes to return after shareholder shake-up

MINEX Forum | May 21, 2018
img0 Pavel Maslovskiy, one of the founders of Petropavlovsk, hopes to return as CEO later this year in the latest twist in a long-running battle for control at the Russian gold miner. Maslovskiy stepped down last year after a shareholder revolt ousted another co-founder, British businessman Peter Hambro. But the company’s shareholder base has since changed ...

LBMA suspends Russian precious metals refinery from ‘good delivery’ lists

MINEX Forum | May 17, 2018
img0 The London Bullion Market Association said on Tuesday it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to “ownership related issues”. The refinery in Russia is controlled by Moscow-based conglomerate Renova Group, which along with its key shareholder, billionaire Viktor Vekselberg, was sanctioned by the United ...

Alrosa to acquire one of the world’s largest diamond polishing firms

MINEX Forum | May 6, 2018
img0 World’s top diamond producer by output, Alrosa (MCX:ALRS), has got approval from its board to acquire Russian polisher Kristall, the country’s largest and one of the world’s biggest diamond cutting firms. Alrosa’s chief executive Sergei Ivanov has been asked to submit technical specifications for estimating the target’s price and so make an offer, Prime Business ...

$91m acquisition adds fourth operating mine to Highland Gold portfolio

MINEX Forum | April 30, 2018
img0 Aim-listed Highland Gold on Thursday announced the $91-million acquisition of a producing mine and two licences in Russia’s Chukotka region, where the company already owns the Kekura and Klen development projects. The assets, which were previously under the management of Highland CEO Denis Alexandrov, should boost Highland’s production by about 11% to 300 000 oz/y. ...

Up to 500,000 tonnes of alumina being exported from China as Rusal crisis bites

MINEX Forum | April 30, 2018
img0 Multiple shipments of alumina are being exported from China, with major suppliers agreeing deals of up to 500,000 tonnes, in a rare move prompted by supply problems after U.S. sanctions on Russian producer Rusal. China is the biggest global producer and consumer of alumina, a compound extracted from bauxite ore that is smelted into aluminium ...