United States

Diana Asonova

ERG bets on cobalt from Congo in quest for growth

Oct 09 2018

MOSCOW Eurasian Resources Group (ERG) plans to ramp up cobalt output at its Democratic Republic of Congo (DRC) facility as it expects the electric car industry to boost demand for the metal, ERG Chief Executive Benedikt Sobotka told Reuters.

CORRECTED-(OFFICIAL)-UPDATE 1-Russian giant copper project in talks to raise $1.25 bln

Sep 18 2018

* Udokan is one of the world's largest untapped copper deposits

CORRECTED-(OFFICIAL)--Russian giant copper project aims to raise $1.25 bln in 2018

Sep 18 2018

* Udokan is one of the world's largest untapped copper deposits

Russia's Rosneft more than triples Q2 net profit, shares hit record

Aug 07 2018

MOSCOW Russia's largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 billion rubles ($3.6 billion) on higher production and prices, pushing its shares to an all-time peak.

Rusal profits surge despite U.S. sanctions

Aug 06 2018

HONG KONG/MOSCOW Russian aluminum giant Rusal's quarterly profit surged thanks to higher market prices for the metal, despite sanctions imposed by Washington.

Russia, Kazakhstan cut hot-rolled steel coil exports to Iran: traders

Jul 17 2018

MOSCOW/LONDON Russia and Kazakhstan are cutting back sales of hot-rolled steel coils to Iran in part because of new U.S. sanctions on Tehran, steel traders said.

Russia's Alrosa sees rosy prospects from colorful diamonds

May 16 2018

MOSCOW Russia's Alrosa , the world's largest diamond producer by output, plans to boost revenue from selling rare, colored stones where demand is stable, although it is a niche business.

Russia's Alrosa may buy diamond polisher to support local industry

May 04 2018

MOSCOW Russian diamond miner Alrosa may buy diamond polisher Kristall to support the country's gem-cutting industry and help create a stronger competitor to global group De Beers.

Sberbank to increase gold sales to India and China in 2018

Apr 03 2018

MOSCOW Sberbank CIB, an arm of Russia's largest lender, plans to more than double its gold sales to India this year and sell more gold than forecast to China, while keeping gold purchases in Russia flat, its head of global markets said.

Russia's Alrosa to plunder diamond inventory as output drops

Jan 29 2018

MOSCOW Russian diamond miner Alrosa will dip into its inventory in 2018 as it fights to keep sales constant despite lower output after an accident shut one of its mines, the head of its sales division told Reuters.

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