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Russia's En+ sets IPO price range

By: Reuters     Updated 7 hours ago Russia's En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, has set a price range for its initial public share offering (IPO) in London and Moscow, it said on Monday. The price range was set at $14 to $17 per Global Depositary Receipt (GDR), with the... 

Glencore to swap Rusal stake for shares in Russia's En+

By: Reuters     19th October 2017 Glencore will swap its 8.75% stake in Russian aluminium giant Rusal for shares in En+ Group, an aluminium and hydropower group controlled by tycoon Oleg Deripaska, En+ said on Wednesday. En+ Group plans to raise $1.5-billion in an initial public share offering (IPO) in London and Moscow in... 

Russian nuclear group signs MoU with local young nuclear professionals association

By: Keith Campbell     13th October 2017 A subsidiary of Russia’s State-owned nuclear group Rosatom has signed a Memorandum of Understanding (MoU) with the South African Young Nuclear Professionals Society (SAYNPS) at the recent SAYNPS Nuclear Youth Summit 2017. The subsidiary concerned is Rusatom International Network (Rusatom being... 

Russian Jan-July gold output at 157.19 t

By: Reuters     12th October 2017 Russia produced 157.19 t of gold in the first seven months of 2017, up from 145.95 t in the same period last year, the Finance Ministry said in a statement on Thursday. Production for the period included 126.39 t of mined gold compared with 117.76 t a year ago. 

Open Mineral Exchange revolutionises commodity trading through innovative online platform 

By: Henry Lazenby     4th October 2017 A group of former traders at commodity giant Glencore has created an innovative new cloud-based mineral exchange to make it easier for producers and users to trade physical commodities – cutting out the often costly middle man. “We are reinventing the industry,” Open Mineral Exchange (OME) COO... 

Russia’s 10-year gold itch sends its hoard to Putin-era peak

By: Bloomberg     3rd October 2017 Vladimir Putin is doing his part to keep the upswing in gold alive. Since the Russian President went on a geopolitical offensive in Ukraine in 2014, the haven asset had its first annual gain in four years in 2016 and is on track for another in 2017. A beneficiary of economic and political perils... 

Otkritie bank gets stake in Polymetal

By: Reuters     3rd October 2017 Russia's Otkritie bank has become a shareholder in Russian gold and silver producer Polymetal, the bank's MD Alexander Dmitriev said on Tuesday. The bank owns 7.56% in Polymetal and has no plans to sell the stake, Dmitriev added. He did not elaborate on how the bank had become a shareholder of... 

Glasenberg emerges from Rosneft flip with oil deal and medal

By: Bloomberg     12th September 2017 Nine months after surprising the world with an $11-billion venture to buy a stake in Russia’s state oil company, Glencore is selling most of it and emerging from the deal with a valuable crude supply contract and political ties in Moscow burnished. The companies announced on Friday that the... 

Russia plans gem reform to compete with India's million workers

By: Bloomberg     6th September 2017 Russia wants its biggest diamond miner to work more closely with the country’s top gem cutters so the industry can better compete in a market that’s dominated by Indian manufacturers. As part of a plan to boost the competitiveness of Russian diamonds, the government wants  Alrosa PJSC to offer... 

Rusal says prices second tranche of its Panda bonds

By: Reuters     1st September 2017 Russian aluminium giant Rusal said on Friday the second tranche of its Panda bonds with the principal of 500-million yuan had been priced, with a tenor of 2+1 years and a coupon rate of 5.5% per year. The proposed offering of the Panda bonds is expected to be completed before Sept. 5, 2017, the... 

Strong financials keep Polyus on track to meet production guidance

By: Samantha Herbst     14th August 2017 Following positive operational and financial progress during the first half of 2017, London- and Moscow-listed Polyus remains on track to meet its full-year production guidance of between 2.08-million ounces and 2.13-million ounces. 

Alrosa says 2017 output target unchanged despite accident - Ifax

By: Reuters     14th August 2017 Russian state-controlled diamond miner Alrosa's 2017 production plans remain unchanged despite an accident at its Mir underground mine in eastern Siberia, it said on Monday. Rescue teams are still searching for eight workers in Alrosa's underground Mir mine in the remote Yakutia region of... 

Romanov dynasty gets nod in trove with record Russia diamond

By: Bloomberg     2nd August 2017 The most-expensive diamond ever polished in Russia will be shown in Moscow as part of a collection of gems named after the dynasties of the Romanov-era Imperial Court. In 2015, Alrosa discovered a giant, 179-ct rough diamond in a mine in the northeast region of Sakha, naming it Romanov after the... 

Brics industry ministers adopt action plan to deepen industrial cooperation

By: African News Agency      31st July 2017 The second meeting of Brics (Brazil, Russia, India, China and South Africa) industry ministers held in Hangzhou in China has adopted a seven-point “action plan” on deepening industrial cooperation among Brics countries, the trade and industry department (DTI) said on Sunday. The action plan... 

Nuclear seen featuring alongside renewables in future energy mix

By: Dylan Slater     28th July 2017 During the yearly atomic energy forum – Atomexpo 2017 – which was held in Moscow last month, a round-table discussion featuring several energy experts agreed that a sustainable future power generation mix would almost certainly use an increased amount of nuclear energy in conjunction with... 

Why Russia's market is rising after sanctions Bill approval

By: Bloomberg     27th July 2017 The US House has approved a bill hardening sanctions against Russia, but European resistance to some of its toughest new measures means the impact on companies will be muted, according to Goldman Sachs Group and Deutsche Bank. As it stands now, the most negative aspect of the bill for Russia,... 

Polymetal says Q2 revenue up 26% to $385m

By: Reuters     25th July 2017 Russian gold and silver producer Polymetal said on Tuesday its second-quarter revenue rose 26% year-on-year to $385-million due to an increase in production and higher sales of gold. The company, part-owned by businessman Alexander Nesis, said its gold equivalent production, a mixture of gold... 

Historic Russian nuclear site hosts oldest and newest nuclear technology

By: Dylan Slater     21st July 2017 During a nuclear power plant (NPP) site visit that coincided with the yearly Atomexpo 2017, which was held in Moscow last month, Russian State-owned atomic corporation Rosatom showcased its safest and most modern nuclear reactor technology to delegates at the landmark Novovoronezh NPP (NvNPP) site.  

Nuclear collaboration is all that this country is looking for

By: Kelvin Kemm     14th July 2017 I spent a week in Moscow recently, attending the yearly Russian nuclear power conference and exhibition, Atomexpo 2017. As chairperson of the South African Nuclear Energy Corporation, or Necsa, I was invited to chair the opening session of the conference, which was attended by hundreds of people... 

Prelude floating liquefied natural gas project, Australia

By: Sheila Barradas     7th July 2017 The floating liquefied natural gas facility for the Prelude operation has left South Korea on its way to Australia. 

Poland sees Trump visit catalyst to cut Russian gas reliance

By: Bloomberg     5th July 2017 Polish leaders are betting Donald Trump’s visit to Warsaw starting on Wednesday, two days before the US President meets his Russian counterpart, will bolster their efforts to reduce the nation’s dependence on natural gas from its eastern neighbour. Less than a month after Poland’s Baltic Sea... 

Nuclear power increasingly replacing traditional sources of power generation – Kemm 

By: Dylan Slater     20th June 2017 The world is entering a new phase of energy development and nuclear-powered electricity generation has a key role to play in phasing out carbon-based energy generation, nuclear physicist and South African Nuclear Energy Corporation chairperson Dr Kelvin Kemm said during a plenary discussion at... 

Rosatom, Zambia agree to cooperate on nuclear energy development 

By: Dylan Slater     19th June 2017 Rusatom Overseas, a division of Russian State-owned atomic corporation Rosatom, on Monday signed a project development agreement (PDA) with Zambia, paving the way for a preliminary feasibility study into the proposed construction of a nuclear power plant. The signing took place during the yearly... 

New Russia sanctions impact muted even as energy shares sag

By: Bloomberg     16th June 2017 For investors in Russia’s energy and metals sectors, the US Senate’s bill to expand sanctions was a blow. Whether it will hurt Russian companies targeted by the legislation is less certain. The Senate bill proposes adding restrictions to banks’ and energy companies’ ability to raise capital, and... 

Owner of $1bn cobalt project says rally is far from over

By: Bloomberg     5th June 2017 Tight cobalt supplies will keep boosting the price of one of this year’s hottest commodities, according to Eurasian Resources Group, which is developing an almost $1-billion project in the Democratic Republic of Congo (DRC). Cobalt jumped 71% this year on surging demand for the metal used in... 

Polyus launches secondary share offer in London, Moscow

By: Reuters     5th June 2017 Russia's top gold producer Polyus will offer new and existing shares in a secondary share offering in both London and Moscow, it said on Monday, in a deal that will test investor appetite for Russian assets. 

Rusal's refinancing frees firm to pay dividends when it wants

By: Bloomberg     2nd June 2017 United Co. Rusal, the largest aluminum producer outside China, will be able to pay dividends without the approval of its lenders for the first time in at least seven years after recent refinancing eased debt covenants. The company conducted two eurobond sales this year and tapped the panda bond... 

Israeli diamond billionaire Leviev buys into Zambia emerald mine

By: Bloomberg     1st June 2017 Billionaire Lev Leviev, who made his fortune undercutting De Beers’ former diamond monopoly, has bought half of one of Africa’s biggest emerald mines. Leviev bought into the Grizzly emerald mine in Zambia’s Copperbelt province, which borders the Democratic Republic of Congo, Kombadayedu Kapwanga,... 

Russian mining tycoons eyeing return to London's stock market

By: Bloomberg     26th April 2017 For three years, Russian companies retreated from the London stock market. Now, a pair of oil and mining-billionaires is hoping to break the drought. En+ Group, owned by aluminium magnate Oleg Deripaska, and Polyus PJSC, a gold producer controlled by the family of Suleiman Kerimov, are planning... 

Interest in nuclear energy said to be rising across sub-Saharan Africa 

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Volatile global politics arouses bulls with gold at 5-month high

By: Bloomberg     12th April 2017 Worries about the unpredictability of a Donald Trump presidency are revitalising gold. Bullion is trading at the highest level since the week in November when Trump won the US election as rising global tensions surrounding Syria and North Korea strain investors’ nerves. A standoff between the US... 

Africa needs nuclear energy – Rosatom 

By: Keith Campbell     30th March 2017 Sub-Saharan Africa has a real need for, and rapidly growing interest in, nuclear power. This was affirmed by Rosatom International Network Regional VP: Sub-Saharan Africa Viktor Polikarpov at the Nuclear Africa 2017 conference on Wednesday. Rusatom International Network is part of Russia's... 

MICROMINE Russia is proud to sponsor the finalists at the 2017 Case-In International Engineering Championships.

     8th March 2017 MICROMINE Russia announced they would be sponsoring an additional place at this year’s Case-In International Engineering Championships. The purpose of the Championship is to identify and support the most promising students in the fields of mining, electric power, exploration, metallurgy and oil... 

Putin ally grabs giant gold deposit in barely contested auction

By: Bloomberg     26th January 2017 A long-time ally of President Vladimir Putin has snapped up a chunk of Russia’s giant Sukhoi Log gold field in a barely contested government auction. Bidding for the deposit was won by a venture between State-owned Rostec Corp. and Polyus PJSC, Russia’s biggest miner of the metal, after it made a... 

Diamond tables are turned as market discipline, restocking support prices in 2016

By: Henry Lazenby     16th December 2016 The Zimnisky Global Rough Diamond Price Index is up 12.1% in 2016 through to mid-December, driven higher in the first-half of the year as firm market demand for rough returned as manufactures restocked following the 2015 holiday season. The brainchild of independent diamond analyst Paul Zimnisky,... 

The great autocrat

By: Keith Campbell     16th December 2016 One of the highest points of my career as a journalist happened, back in 1994, when I interviewed then Cuban President Fidel Castro, in Pretoria. He was attending the inauguration of President Nelson Mandela. Castro was unquestionably a very impressive man. And there can be no doubt that, love... 

Prelude floating liquefied natural gas project, Australia

By: Sheila Barradas     15th December 2016 JGC Corporation has received an order for the construction management and completion support services for the project. 

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