Industry News

08 Sep 2016
Rosgeologiya willevaluate the resources of the Burgalinskaya area

According to the materials based on the purchase ofDalnedrafrom a single supplier by 2019 OAO Rosgeologiyawill evaluate the gold resources of the Burgalinskayaarea (46 sq. km) in Selemdzhynsky District of Amur Oblast.

07 Sep 2016
Gold continues to rise in price reaching its monthly maximum

On Wednesday,the gold price is rising against the background of investors’ expectations that the USAFederal Reserve System will not raise the interest rates at its next meeting in September; according to auction data the price of the precious metal has reached its highest level since August 5. 

07 Sep 2016
Tsentrsibnedra is planning 26/10 auctions for 5 sites in Buryatia

ULAN-UDE, September 6 - RIA/Prime. According to the tenders materials, on October 26 Tsentrsibnedra is planning to hold auctions for five gold-bearing fields in Buryatia, including Rudny with resources of about 30 tons.

07 Sep 2016
In January-August Irkutsk Oblast increased gold mining by 2.6%

IRKUTSK, September 7 – RIA/Prime. As the oblast government told Prime,in January-August of 2016 subsurface users of the Irkutsk Oblast extracted 15.165 tons of gold, which is 2.6% more than the index for the same period last year.

07 Sep 2016
In 2016, Norilsk Nickel invests in the Bystrinskyproject 40 billion rubles

According to Elena Bezdenezhnykh, Vice President of Norilsk Nickel, in 2016, Norilsk Nickel is going to invest in the Bystrinskyproject40 billion rubles. 

07 Sep 2016
In January-August the Belarusians increased purchases of gold by 59%

According to the management information of the National Bank of Belarus (NBB), in January-August of 2016, the population and enterprises of Belarus purchased 159.547 kg of gold in weighted bullions, versus 100.089 kg for eight months of 2015. 

06 Sep 2016
Precious Metals Market Review: September 6, 2016. Lukicheva OI, bank analyst at Otkrytiye.

Precious Metals Markets are growing up today against the background of weakening US dollar. Overall trading activity is still low as the market is waiting for news from the ECB on the monetary policy, which may arise in the course of the upcoming meeting.

06 Sep 2016
Commerzbank: Gold mining companies have increased activity in product hedging against drops in prices

In the second quarter many companies mining for gold apparently took advantages from price increases for hedging purposes.