The World Bank International Centre for Settlement of Investment Disputes (ICSID) has informed Romania and Gabriel Resources that it expects to render its Award on the litigation related to the Rosia Montana gold mining project on March 8. Romania’s finance minister, Marcel Bolos, admitted that the ruling, if monetary, would certainly impact the budget deficit…
Polymetal shareholders have supported selling Russian assets. In February, it became known that Polymetal had agreed to sell its Russian part of business to Mangazeya for $3.69 billion. The latter will receive 100% of Polymetal JSC. The deal is expected to be closed until the end of March. Polymetal has also demanded that until the…
An UAV has attacked a Severstal steel plant in Cherepovets, Russia. An explosion was heard in the city. Local Telegram channels reported that in the early morning of March 7 there was an explosion at the plant, heard by many citizens. The Severstal press service at first said there was a “technological accident at blast…