Palladium – International Business Times reported that according to Norilsk Nickel (MCX:GMKN), sales from the Russian government's "secret" palladium stockpiles could come to an end by 2014.
Articles Tagged "russia"
Diamond – The PureFunds ISE Diamond/Gemstone ETF (ARCA:GEMS) announced that it has made the first Russian equity allocation to any PureFunds ETF by adding Russia's ALROSA (MCX:ALNU) to its current holdings.
Silver – Reuters reported that Russia's VTB Bank (MCX:VTBR) has started exporting gold and silver bullion to India; the first deliveries have taken place over the past few weeks.
Platinum – Johnson Matthey said in its Platinum 2013 Interim Review that platinum looks set to record a 605,000-ounce deficit this year.
Diamond – Rapaport reported that ALROSA (MCX:ALNU) raised about $1.3 billion in its initial public offering (IPO), which took place today. That is at the lower end of estimates released previously.
Cobalt – Erin Chutter, president, CEO and director of Global Cobalt, recently spoke to Andrew Topf of the Investing News Network about her company's Karakul cobalt project, located in Russia's Altai Republic.
Potash – Reuters reported that EuroChem, one of Russia's top fertilizer producers, is planning to move forward with plans to develop potash mines in Russia, however, it will also consider shelving other projects if it needs to reduce its debt.
Platinum – Bloomberg reported that according to a report put together by Zimbabwe's Chamber of Mines, the country requires investment of up to $5.3 billion, as well as stable mining policies, if it is to increase its platinum output to the point where it is able to "rival Russia as the world's second-biggest producer of the metal."
Diamond – Reuters reported that on Monday, Russia's ALROSA (MCX:ALNU) started to market a share sale that values the company at as much as $8.7 billion, down from an earlier estimate. A final price is set to be announced on October 28.
Diamond – Rapaport reported that in late September, one of ALROSA's (MCX:ALNU) business units, the Aikhal mining and concentration mill, recovered a 235.16-carat, gem-quality rough diamond. Its value is expected to come to between $1.5 and $2 million.