By Eugene Gerden Russia aims to become one of the world’s largest producers of platinum group metals (PGMs) in years to come, due to the planned increase of production both within the country and abroad, according to recent statements, made by representatives of some leading mining companies and senior officials of the Russian Ministry of ... 
Russia aims to become major producer of platinum group metals
MINEX Forum | July 3, 2020 By Eugene Gerden Russia aims to become one of the world’s largest producers of platinum group metals (PGMs) in years to come, due to the planned increase of production both within the country and abroad, according to recent statements, made by representatives of some leading mining companies and senior officials of the Russian Ministry of ... 
A budgetary package worth €450 million to be submitted to the Nordic country’s Eduskunta (parliament) in June will include a €300 million mandate for Finnish Minerals to enter into contracts and other investment commitments. Chief executive Matti Hietanen said the additional funding would enable the company to invest in developing the Finnish battery value chain and ... 
Diversified miner Eurasian Resources Group (ERG) says the European Union’s (EU’s) green plan to make electric vehicles (EVs) a centrepiece of the continent’s economic recovery has injected confidence into the global cobalt market. CEO Benedikt Sobotka says the green plan has also renewed momentum for responsible sourcing across the supply chain. He notes that, if ... 
Often forgotten on lists of major gold mining enterprises as they are state-owned by Uzbekistan, Navoi Mining and Metallurgical Combine (NMMC) and Almalyk Mining and Metallurgical Complex (Almalyk MMC) are set to see their joint production exceed 5 Moz a year by 2026, an unprecedented figure, with Almalyk’s copper production also to reach 400,000 t/y. NMMC’s ... 
The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets. Lithium industry shares have dropped sharply since January as the economic downturn from the pandemic slammed the brakes yet again on the electrification revolution that for years ... 
Gold extended its decline on Wednesday as growing hopes of a short-term economic recovery continue to take the momentum from safe-haven investments. Earlier in the day, spot gold slipped 1% and fell below $1,700 to a two-week low of $1,693.90. By noon ET, it was down 0.6% at $1,701.31 per ounce. Gold futures for June ... 
Gold output in Russia continues to grow, increasing by 9.26 percent in 2019 year-on-year, the country’s Ministry of Finance said on Monday. The volume of bullion production reached 343,54 tons compared with 314,42 tons in 2018. Production for the period included over 286 tons of mined gold, the ministry reported. Accompanying mining surged 23.8 percent to 19 ... 
According to the Kazakh Ministry of Industry and Infrastructure Development, Kazakhstan intends to introduce a number of projects in the coal industry. “The explored coal reserves amount to nearly 34 million tons or 4 percent of the world’s reserves. Kazakhstan is among the ten leading countries in the world in this. In 2019, a Roadmap ... 
Gold fell from a fresh seven-year high on Monday as early results from a coronavirus vaccine trial showed promising results, offering a glimpse of hope that a path to economic recovery could be paved. Though still at an early stage and based on small sample size, Moderna, the US biotech company behind the vaccine development, ... 
Russia’s geological company Rosgeo and the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea have signed two service contracts for the initial phase of seismic acquisition in transit zone, and state geological mapping in the Rio Muni area, Equatorial Guinea It is a follow up to a MoU signed at the Russia-Africa Summit in ... 
It is time to invest in clean geothermal lithium made in Europe, so the European Geothermal Energy Council (EGEC) in a position article this week. Don’t miss a Facebook interview with Vulcan Energy and ES Geothermie on geothermal lithium projects in France and Germany, May 18, 2020. With the raising importance of lithium for the ... 
The increase in the monetary value of the gold in the central bank’s coffers comes despite the twin blows of falling global oil prices and an economic contraction resulting from the virtual halt in global economic activity. The value of the Russian central bank’s gold reserves grew by $6.244 billion, or 5.2 percent in the ...