Polymetal plans to sell Russian assets under sanctions in 6-9 months
Mining News Pro - Gold and silver producer Polymetal International, which had planned to separate its Russian and Kazakh businesses, now intends to sell assets in Russia under US sanctions within six to nine months, CEO Vitaly Nesis said on Wednesday.
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Metal plants feeding Europe’s factories face an existential crisis
Mining News Pro - In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online.
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