January 2, 2024

China restores coal tariffs in threat to Russian exporters

Russia’s monthly coal sales to China have declined since peaking at more than 10 million tons in June.

December 26, 2023

Will 2024 be the year for precious metals?

Gold and silver have both held up quite well despite the Fed’s tightening cycle.

December 26, 2023

Russia’s Lukoil, Norilsk Nickel cooperate on oil and gas project

The resource base of the new project is about 300 billion cubic metres of gas and 70 million metric tons of oil.

December 22, 2023

US takes aim at financial institutions with new Russia sanctions authority

A new executive order gives Washington the ability to ban products originating in Russia but processed in third countries, such as diamonds.

December 22, 2023

Diamond output of sanctions-hit Alrosa down in 2023, stockpiling likely

Alrosa said on Friday that its 2023 output fell by 2.8% year on year to 34.6 million carats.

December 21, 2023

UK fraud watchdog must pay damages to ENRC, court rules

ENRC has always denied any wrongdoing and argued the UK's Serious Fraud Office would not have launched its investigation if it had not first induced the company's former lawyer to…

December 20, 2023

India urges G7 to delay ban on Russian diamonds as rules lack clarity

Home to 90% of the world's diamond cutting and polishing industry, India is critical to the implementation of the ban.

December 19, 2023

Russia says it will have no trouble skirting latest EU sanctions

The new sanctions package bans the import of Russian-origin non-industrial diamonds.

December 18, 2023

Nornickel joins stainless steel factory project, aims to increase nickel sales

Annual production at the new plant is expected to be up to 500,000 metric tons per year.

December 18, 2023

Russia considering waiving export duties for two Rusal smelters

Russia imposed export duties linked to the rouble-dollar exchange rate until the end of 2024 on a wide range of goods.