Kinross Gold sells Russian assets to Highland for US$680M
Kinross Gold (TSX:G; NYSE:KGC) is selling its Russian assets to Highland Gold Mining for a total of US$680 million in cash, the Canadian miner said on Tuesday, a month after…
Russia and Central Asia
Mining’s latest pivot means adjusting to a higher-cost world
Mining was one of few industries that saw relatively little disruption at the start of the global Covid-19 pandemic in March 2020. And although miners endured commodity price volatility, they…
Kinross in negotiations to sell Russian mines
Canada’s Kinross Gold Corp (TSX: K; NYSE: KGC) has entered exclusive negotiations with an unnamed third-party mining company after receiving several proposals to sell all its Russian assets. As part…
Commodity price spikes could signal lasting market changes – report
Market analyst Wood Mackenzie warns that the ongoing metals and mined commodity price spikes, combined with heightened geopolitical tension, could result in long-lasting market changes. In recent months, factors including…
Copper deficit narrows slightly to 475,000 tonnes in 2021
The global refined copper market showed a 92,000 tonnes deficit in December, compared with a 123,000 tonnes deficit in November, the International Copper Study Group (ICSG) said in a new…
Russia’s war on Ukraine sparks commodities upheaval
Nearly three weeks into Russia’s invasion of Ukraine, many questions about the conflict are still being debated. Could the West have prevented the crisis? Will the unprecedented level of sanctions…
Russia’s Ukraine invasion to fuel reorientation of commodity markets: BMO
Russia’s invasion of Ukraine, already pushing up prices for an array of commodities rapidly higher since it began on Feb. 24 – including adding a record 250% to the price…
Days after suspending operations, Kinross mulls a ‘full exit’ from Russia
Kinross Gold (TSX: K; NYSE: KGC) may permanently exit from Russia after operating in the country for about 25 years, a BMO metals and mining analyst said, as the nation…
Brazil’s Bolsonaro backs legalization of mining in Indigenous lands amidst Russia invasion
Brazilian president Jair Bolsonaro has reiterated the need to allow mining in the nation’s Indigenous territories to strengthen food security, as he expects Russia’s ongoing invasion of Ukraine to increase…
Russia-Ukraine tension may give rise to a new commodity world order
The Russian invasion of Ukraine has the potential to establish a new commodity world order that tilts reliable supply toward North America, Bloomberg Intelligence says in a research note. Analyst…
Kinross suspends Russian operations
Kinross Gold (TSX: K; NYSE: KGC) has announced overnight that it will suspend all development work at its Udinsk gold project in Russia as international sanctions and legal restrictions intensify…
Ukraine stays resilient, says Black Iron CEO as firm’s main shareholder increases stake
Canadian miner Black Iron’s (TSX: BKI; US-OTC: BKIRF) largest shareholder has increased its ownership in the company to 15%, at a time when the iron ore developer has been forced…