Russian state palladium sales to fall in 2012

Sales of palladium from Russian government stocks are expected to fall sharply this year as inventories at the Gokhran state repository declined following significant exports in recent years, refiner Johnson Matthey said on Monday. "Substantial...

Russia's Polymetal sells gold deposit stake to Polygon

MOSCOW, May 14 (Reuters) - Russian miner Polymetal has sold a stake in its non-core gold deposit Veduga to Polygon Gold, a company founded by gold mining executive Leonard Homeniuk, the company said in a statement on Monday. Polymetal said the...

Barrick sold 20% stake in Russia's Highland

Canada's Barrick Gold, the world's largest gold producer, sold its 20.37% stake in Russia's Highland Gold to institutional investors for 79.5-million pounds ($128-million), Highland said on Thursday. Barrick sold 66 235 264 ordinary shares in...

Company Announcement: Barker Hires Dr. Susanne Trimbath (STP Services Inc.) for Follow-up Review of 2011 Trading and Settlement Data

Prince George, B.C., February 23, 2012 – Barker Minerals Ltd. (“BML” on TSX/V) (the “Company”) reports that in conjunction with its Pro Long Campaign it has requested Susanne Trimbath, Ph.D. of STP Advisory Services, LLC (STP) to provide...

Centerra says Kyrgyz strike hits output

Toronto-listed Centerra Gold said on Tuesday the ongoing strike at its Kumtor mine in Kyrgyzstan, the country's largest, had impacted output. "The Kumtor operation is currently suspended except for a minimal amount of mining to manage the pit...

Govt stops lacerate platinum, supply ebb may boost price, palladium deficit forecast

Government-enforced safety stoppages at South African platinum mines is lacerating production; the platinum supply ebb is seen as positive for platinum prices; and palladium may be in short supply.

Aluminium prices could reach $2 500 by end Q2- Rusal

Aluminium prices are expected to rise up to 10% from current values by the end of the second quarter, as output cuts take effect, a senior executive at Rusal, the world's largest producer of the metal, said on Wednesday. Prices could rise up to...

Global and African exploration trends to be highlighted

Delegates at the 2012 Investing in African Mining Review Commodities and Outlook Forum will be provided with valuable market information, aiding miners and investors in making critical decisions on the development of new mining operations.

Russia's Polymetal sees gold above $2 000/oz in 2012

Russian precious metals miner Polymetal expects the gold price to break above $2 000/oz later this year around the time of US presidential elections, while its own output is set to rise due to new operations after a flat 2011. Gold prices hit a...

Vladimir Kremer

Position: Chief MD Renova Management AG Main Activity of the Company: Mining, oil, machine building, construction development, energy, telecommunications, nanotechnologies, utilities, finance, in Russia and abroad Date and Place of Birth: April...

UN council waters down Eritrea sanctions resolution

A resolution tightening sanctions on Eritrea, expected to be passed by the UN Security Council next week, has been watered down and no longer bans investment in the country's promising mining sector. In an unusual arrangement, Eritrean President...

Russia’s Renova mulling uplift of South African manganese business

The Russian Renova group is considering enhancement of its South African manganese operations, involving the possible integration of its Transalloys manganese smelter in Mpumalanga and its partly owned manganese mine in the Kalahari. It is...