September 4, 2023

Alrosa starts construction of giant new diamond mine

The project would require estimated investment of 121.5 billion roubles ($1.26 billion), with production to start in 2032.

August 30, 2023

India asks US to release funds frozen over suspected Russia diamond link – sources

India has asked the US to release $26 million belonging to at least two Indian diamond firms frozen due to their alleged trade links with Alrosa.

August 29, 2023

Polyus H1 adjusted net profit jumps 33% y/y

Physical sales volume rose 24%, while gold output jumped 36% to 1.45 million ounces.

August 25, 2023

Uranium market turn buoys Kazatomprom H1 profit

The world’s largest uranium producer has for the six months to June reported a 25% year-on-year growth in consolidated revenue.

August 25, 2023

What the ascent of hydrogen as a renewable resource means for platinum demand

The emerging global hydrogen supply chain is essentially “made of platinum,” says Bank of America Global Research commodities strategist Michael Widmer.

August 24, 2023

Headwinds mount in quest for stable copper supplies

By 2025, deficit is projected to spike to 217,000 tonnes and could further intensify to a staggering 2.2 million tonnes by 2032.

August 24, 2023

Ailing Chinese copper giant announces tie-up to help debt crisis

Maike until recently was responsible for a quarter of China’s refined copper imports, but ran into difficulties last year.

August 22, 2023

The race to ditch Russian uranium starts in New Mexico’s desert

The $5 billion Urenco plant in Eunice supplies about one-third of US demand for enriched uranium and is in the process of boosting output by 15%.

August 22, 2023

No new Novelis deals to buy Russian aluminum since Ukraine war

Novelis is still buying some aluminum from Rusal under contracts agreed before Russia invaded Ukraine.

August 21, 2023

Race for moon resources has begun, says Russia’s space chief after failed lunar mission

Russia's Luna-25 spacecraft spun out of control and crashed into the moon on Saturday after a problem preparing for pre-landing orbit.