Despite some disruptions caused by the covid-19 pandemic, Russia is expected to surpass China as the world’s top gold producer by 2029, achieving average annual growth of 3.7% y-o-y between 2020 and 2029. This forecast was presented in a report by Fitch Solutions Country Risk & Industry Research, whose experts believe that in the short-to-medium ... 
Russia on track to become world’s top gold producer by 2029 – report
Anastasia Bogdanova | August 13, 2020
Despite some disruptions caused by the covid-19 pandemic, Russia is expected to surpass China as the world’s top gold producer by 2029, achieving average annual growth of 3.7% y-o-y between 2020 and 2029. This forecast was presented in a report by Fitch Solutions Country Risk & Industry Research, whose experts believe that in the short-to-medium ... 
Alrosa (MCX: ALRS), the world’s top diamond miner by output, has found a 236-carat rough stone of deep amber colour at one of its mines in Russia’s northeastern Yakutia region. The precious stone, thought to be between 120 and 230 million years old, is the largest coloured diamond ever mined in Russia, the company said. The diamond, ... 
As sustainable processing of the world’s natural resources is becoming a norm within industries like mining, newly formed Metso Outotec says it is actively driving the transformation. The company says: “Growing interest towards the environment and the impacts of climate change, urbanisation, decreasing ore grades and electrification are forcing traditional industries like aggregates, minerals processing ... 
Finnish-Russian digitalisation firm Zyfra is testing 5G network on 130t BELAZ-7513R autonomous robotic mining dump trucks. The project is being trialled at a SUEK coal open-pit mine in Khakassia, Russia. A 1.5km robots’ route, which is part of the Huawei wireless 5G network, has been deployed to perform tests at the Chernogorsky open-pit mine in ... 
Velocity Minerals Ltd. [VLC-TSXV] has discovered new outcropping gold mineralization at the Kazak target area and received additional positive drill results from the Rozino South Zone, both of which are priority exploration targets close to the Rozino Project, Bulgaria. The company is prioritizing exploration in these areas as any discovery arising from the current exploration could ... 
Belgium’s Financial Services and Markets Authority (FSMA) has broadened a probe kicked off in September into zinc firm Nyrstar NV that examines possible ties between the company and Trafigura, the world’s no.2 metals trader. Geneva-based Trafigura took control of Nyrstar in early 2019 as part of a restructuring process that all but wiped out other ... 
Gold producer Nordgold has started large-scale Covid-19 testing at its mines. To date, 282 employees have been tested at its Holba mine, in Russia, with zero cases being diagnosed. All incoming rotational staff at Nordgold’s other mines in Russia will be tested prior to arrival on site. Further, 1 350 test kits have to date been ... 
Mining is a traditionally analogue business. After all, the industry’s symbol worldwide is a hammer and pick. Yet, despite the sector’s antiquated reputation, some major mining companies are taking a progressive stance and proving digitisation and automation can achieve much better operational outcomes. Known as Mine 4.0, the industry is seeing digital transformation creep into everything from ... 
The world’s largest nation is endowed with a tremendous amount of natural resources — including gold Eighty per cent of all the gold produced in Europe comes from Russia and more than 50% of Russia’s gold resources are found in the country’s eastern regions and Siberia. Ever since 1745, when gold was first discovered in ... 
Russia’s space agency Roscosmos has condemned US President Donald Trump’s order signed this week, which encourages citizens to mine the moon and other celestial bodies with commercial purposes. The government body likened the policy to colonialism and said it “hardly sets the countries to fruitful cooperation.” “There have already been examples in history when one ... 
While most workplaces outside those involved in the delivery of frontline emergency services, food and medicines have closed in response to the Government’s imposition of new public health guidelines its Swedish owner Boliden told its employees it had decided to reopen Tara Mines. The mine will resume production on the grounds that the zinc and ... 
Poland’s climate ministry has allowed State-run energy group PGE to extend operations at its open-pit lignite coal mine in Turow by six years, a decision likely to dismay environmental campaigners. Poland generates most of its electricity from coal and lignite, or brown coal, and is the only EU member not to have pledged to achieve ...