Europe’s plan to introduce a carbon import tax is forcing Russia to go green

Anastasia Bogdanova | March 9, 2020
img0 Europe wants to be carbon neutral by 2050, and is about to introduce a carbon import duty that is already forcing Russia’s biggest companies to speed up their efforts to go green. As part of the EU’s Green Deal launched last year, the European Commission (EC) published its European Climate Law on March 4 that includes a “Carbon Border ...

Mining Weekly: Russia set to overtake China as biggest gold producer from 2029

Anastasia Bogdanova | March 6, 2020
img0 Research agency Fitch Solutions says global gold mine production growth is set to rebound in the coming years, owing to higher prices and mergers between major mining firms. The agency forecasts global gold production to increase from 107-million ounces this year to 132-million ounces by 2029, averaging a yearly growth rate of 2.4%. This compares ...

Russia’s finance ministry said to eye tax on miners as lower oil revenues loom

Anastasia Bogdanova | March 3, 2020
img0 Russia’s Ministry of Finance is reportedly looking beyond the oil and gas industry to the country’s mining sector for funds to bankroll new social spending ordered by President Vladimir Putin at the start of the year, with the prospect of declining oil production and associated revenues on the horizon. The Ministry of Energy told S&P ...

Russia: Central Bank Proposes Amendment of Digital Assets Law to Include Tokenization Platforms

Anastasia Bogdanova | February 18, 2020
img0 In an announcement dated February 17, 2020, the Central Bank of Russia (CBR) stated that it had successfully completed a blockchain tokenization pilot using a platform developed by Nornickel within its regulatory sandbox. Incoming Changes to Russia’s Proposed Crypto Legislation? Following the steps of other global superpowers, Russia has amped up its efforts to become one of ...

Russia looks to double coal exports to China

Anastasia Bogdanova | February 10, 2020
img0 Besides its high profile gas exports, Russia is looking to double its coal exports to China, effectively competing with Indonesia, Australia and the US. Russia has been historically associated with oil and gas exports, yet the news somewhat underreports its coal market presence. Although neither the world’s largest coal producer nor exporter, Russia seems to ...

Mining companies operating in Russia improve environmental transparency

MINEX Forum | December 23, 2019
img0 The 2019 Environmental Transparency Rating of Mining and Metals Companies Operating in Russia, released by the local chapter of WWF, revealed that miners working in the largest country on Earth are doing a better job at reporting their efforts to mitigate environmental impacts and protect their natural surroundings. According to WWF, this year’s rating included ...