December 29, 2021

Rosneft picks Vitol, Trafigura, Glencore as buyers of naphtha, diesel in 2022

Russian oil giant Rosneft has selected Vitol, Trafigura and Glencore as the main buyers for its light oil products.

December 27, 2021

Udokan Copper names new CEO

Boris Slutskiy joins the company developing the Udokan copper deposit in the Zabaikalye Territory in Russia’s Far East.

December 27, 2021

Russia’s Severstal will need to pay $340m in extra taxes in 2022

The additional payment is due to changes in the calculation of a mineral extraction tax and the excise tax on steel.

December 26, 2021

Russia’s largest new copper deposit to be developed under UN Global Compact guidelines

Udokan Copper, owned by Russian billionaire Alisher Usmanov's holding firm USM, has joined the UN Global Compact.

December 22, 2021

ALROSA names diamond after folklore heroine to honor indigenous culture

Kyndykan was a young girl who was miraculously found alive 200 years ago by Yakut hunters near the Verkhoyansk Mountains in an ancestral settlement completely wiped out by smallpox.

December 19, 2021

All 128 miners safely evacuated after incident at Russian mine

Over 100 miners were evacuated from a Siberian coal mine after fire sensors were triggered.

December 19, 2021

Nornickel announces new methodology for calculating its carbon footprint

Nornickel’s new methodology for calculating its carbon footprint is based on the from-cradle-to-gate principle.

December 7, 2021

Erdene gains key environment nod, begins early work at Bayan Khundii in Mongolia

A formal construction decision is expected in early 2022.

November 30, 2021

Turquoise Hill okays Oyu Tolgoi $75m bridging budget

Sum allows the miner to continue progressing critical activities at the underground expansion, but doesn’t guarantee further crucial investment will get approved.

November 23, 2021

Nornickel proposes doubling 9-month dividend amid high metals prices

Nornickel is paying out 60% of its core earnings in dividends for 2021.