Industry News

27 Dec 2016
In Amur River Region will begin to watch from space for the placer gold mining

В мае 2017 года в Амурской области в тестовом режиме заработает система спутникового мониторинга рек при добыче россыпного золота. Космоснимки позволят надзорным органам отслеживать уровень загрязнения на реках во время старательского сезона. 

25 Oct 2016
UMMC will begin development of Belozersky in 2017.

AO Gaysky GOK (part of UMMC) plans to begin testing of the gold Belozersky field in the Orenburg region in 2017, according to the UMMC press service with reference to Sergey Budchenko, company’s Chief Geologist.

24 Oct 2016
Polymetal shares included in the index of STOXX Global ESG Leaders

Shares of Polymetal Int (combines the assets of AO Polymetal) are for the first time included in the index of STOXX Global ESG Leaders, which is a recognition of the environmental, social and governance performance (ESG) of the company, Polymetal said in a statement. 

21 Oct 2016
Russian gold mining industry ahead of a large consolidation - A.Nesis.

The current value of gold does not encourage companies to implement new projects, players hide the inability to grow by mergers and acquisitions, and if the price of the precious metal will continue to move down, then the industry will intensify the consolidation process, said Vitaly Nesis, Polymetal’s CEO. 

21 Oct 2016
British experts have recognized ingots of silver produced in the Urals as reference

Experts of the London Bullion Market Association have recognized silver bullion produced at the head enterprise of the Ural Mining and Metallurgical Company (UMMC) of AO Uralelektromed as reference. 

20 Oct 2016
Russian banks are buying gold for resale in China

Russian banks have sharply increased gold buying. In January-September, reserves of the precious metal in their vaults shot up nearly tripled from 32 to 87 tons, RIA Novosti reported with reference to the credit reporting companies on the Central Bank website.

18 Oct 2016
International consortium to develop Klyuchevskoye field

A multilateral agreement of intent on the joint implementation of the Klyuchevskoye field development project (Zabaykalsky Krai) with participation of investors from Brazil, Russia, India, China and South Africa. 

18 Oct 2016
ARMZ to extract uranium from gold

Atomredmetzoloto (ARMZ) plans to start gold production in the Elkon uranium ore district of Yakutia, said Vyacheslav Galaktionov, general director of AO Elkonsky GMK, part of the holding (project operator).