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Global growth forecast is deteriorating rapidly
Global economic growth forecasts have deteriorated dramatically due to a confluence of factors. The Institute of International Finance (IIF) says the risk of global recession has increased significantly as the Omicron wave in China is more disruptive than previously...
Kinross in discussions to sell Russian mines
Canada's Kinross Gold Corp has entered into exclusive negotiations with an unidentified third-party mining company after receiving several proposals to sell all of its Russian assets. As part of the exclusivity agreement, Kinross' Russian subsidiaries will continue to...
Russian Nornickel has new routes for palladium supplies
Russian mining giant Nornickel is facing significant logistical problems, but has managed to secure alternative routes for its palladium deliveries. Its largest shareholder Vladimir Potanin reported that the closure of airspace has made palladium supply particularly...
Gold: price approaches $1,900 as tensions in Ukraine escalate
Gold prices jumped to an eight-month high Thursday, closing near $1,900 an ounce, after tensions between Russia and Ukraine escalated, pushing investors toward safe-haven assets. Russian-backed rebels and Ukrainian forces exchanged accusations of fire across the line...