Russia and CIS






Kinross Gold's Kupol gold mine in the Chukotka region of Russia's Far East. Credit: Kinross Gold

Kinross credit rating cut to ‘junk’

Citing Kinross Gold’s (TSX: K; NYSE: KGC) higher costs and its “operating risk exposure” in Russia, Standard & Poor’s has lowered the Toronto-based gold producer’s long-term corporate credit rating to BB+ from…


The Great Hall of the People at the western edge of Tiananmen Square in China's capital Beijing. Photo by Zheng Zhou.

Worry over Chinese demand is overdone, Aussie analyst says

While people in the mining sector wring their hands about slowing growth in China, declining demand for base metals and collapsing prices, they’re all missing one key point, according to an Australian mining engineer, research…


Northquest CEO Jon North (second from left) with colleagues at the Pistol Bay gold project, near the town of Whale Cove in eastern Nunavut. Credit: Northquest

Nordgold raises stake in Northquest

As Canadian mining companies look inward, licking their wounds from the prolonged rout in commodity markets, a Russian gold producer with nine operating mines and heaps of cash has exercised warrants above market price to take a majority stake…