Canadian Mining Journal


Russia and CIS


  • News

    Silver Bear’s shares tumble on debt conversion by Russian shareholders

    September 7, 2017 by Canadian Mining Journal

    Shares of Silver Bear Resources (TSX: SBR) dropped after two major Russian shareholders announced that they are converting promissory notes at a sharp discount to the junior’s current share price. Inflection Management Corporation, an investment company owned by Russian businessman

  • News

    Nevsun cuts mine life in half at Bisha; extends study timeline for Timok

    August 23, 2017 by Canadian Mining Journal

    Newly appointed CEO Peter Kukielski hasn’t wasted much time putting his imprint on Nevsun Resources (TSX: NSU; NYSE: NSU). The Stanford University educated civil engineer who joined the company in May is moving quickly to put his expertise to work in re-assessing

  • News

    Five reasons diamond stocks have been dragging

    June 12, 2017 by Canadian Mining Journal

    In the first quarter of 2017, a market-cap weighted aggregation of diamond miners in U.S. dollars including Alrosa (RTS: ALRS), Petra Diamonds (LSE: PDL), Dominion Diamond (TSX: DDC; NYSE: DDC), Gem Diamonds (LSE: GEMD), Lucara Diamond (TSX: LUC), Stornoway Diamond(TSX: SWY), Firestone Diamonds (LSE: FDI), and Mountain Province Diamonds (TSX: MPV, NASDAQ: MPVD) was up

  • News

    GOLD: Kinross outlines growth plans

    February 16, 2017 by Canadian Mining Journal

    TORONTO – Kinross Gold has outlined its organic development projects in Nevada, Mauritania and Russia as it reported year-end numbers. For 2016 the company produced a record of 2.79 million gold equivalent oz, up 7.5% from 2015, and revenue grew

  • NICKEL: SNC-Lavalin wins contract for SO2 mitigation project from Norilsk

    November 9, 2016 by Canadian Mining Journal

    RUSSIA – SNC-Lavalin of Montreal has been awarded a contract by Norilsk Nickel to implement a sulphur recovery project at the Nadezhda smelter, located at the company’s Polar Division in the Krasnoyarsk region. The project is one of the largest

  • News

    Nevsun trumps Lundin bid for Reservoir’s Timok

    April 27, 2016 by Canadian Mining Journal

    VANCOUVER – There’s been ample speculation on when Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) would mobilize its substantial capital position in the mergers and acquisitions arena, and on April 24 the company finally pulled the trigger on a US$365-million deal for prospect generator

  • News

    Nordgold pays 30% of net profits to shareholders

    November 30, 2015 by Canadian Mining Journal

    Moscow-headquartered Nordgold (LSE: NORD) counts itself as one of the best performing, lowest cost gold producers in the industry today, and yet, curiously, few North Americans know anything about it. Russian billionaire Alexey Mordashov, owns a 90.5% stake in the company, whose

  • News

    POTASH: PotashCorp aims to regain market influence with K+S bid

    June 30, 2015 by Canadian Mining Journal Editor

    VANCOUVER — Canadian giant Potash Corp. of Saskatchewan is considering a mega deal for Germany’s K+S Aktiengesellschaft that could materially change the landscape in the fertilizer business. The world’s largest…

  • News

    GOLD: Centerra considers closing Kumtor mine

    June 2, 2014 by Canadian Mining Journal Editor

    KYRGYZSTAN – Centerra Gold of Toronto has said it may have to close the Kumtor gold mine because the Kyrgyz authorities have not yet approved the 2014 Kumtor mine plan and related permits. The company says it will begin an orderly…

  • News

    GOLD: Kinross opens high grade Dvoinoye mine in Russia

    October 10, 2013 by Canadian Mining Journal Editor

    RUSSIA – Kinross Gold of Toronto has declared commercial production at its high grade Dvoinoye gold mine in the Chukotka region. The new mine is 100 km north of the company’s Kupol gold mine, and the Dvoinoye ore will be treated at the…

  • News

    More headaches for Centerra at Kumtor

    December 17, 2012 by Canadian Mining Journal Editor

    The tough times at the world class Kumtor gold mine in the Kyrgyz Republic continue for Centerra Gold.

  • News

    GOLD HOLDINGS: Barrick to sell Russian interest

    February 13, 2012 by Canadian Mining Journal Editor

    TORONTO – Barrick Gold has announced plans to sell its 20.4% interest in the Russian producer, Highland Gold. Purchased 10 years ago, this is Barrick’s only exposure to the Russian mining industry. The largest Highland Gold…