Russia on track to become world’s top gold producer by 2029 – report

Anastasia Bogdanova | August 13, 2020
img0 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 has $1.5bn plan to dent China’s rare earth dominance

Anastasia Bogdanova | August 13, 2020
img0 Russia plans investment of $1.5 billion in rare earth minerals, critical to the defence, telecommunications and renewable energy sectors, as it strives to become the biggest producer after China by 2030, a top government official told Reuters. Russia’s initiative is in line with other countries, such as the United States, which are also trying to ...

Russia ramps up gold production, adding to country’s huge bullion reserves

MINEX Forum | May 26, 2020
img0 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 ...

Fossil-fuel giant Russia tiptoes toward low-carbon future

Anastasia Bogdanova | March 31, 2020
img0 ST. PETERSBURG, RUSSIA – Fossil fuel-rich Russia has for the first time set out a greener economic path for the coming three decades, in a long-term, low-carbon development plan released this week. It pledges to cut planet-warming emissions by a third by 2030 from 1990 levels, when the heavily industrial Soviet Union collapsed, although that represents ...

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 ...