Industry News

13 Sep 2016
Commerzbank: In the near future, we expect a price adjustment in the gold market

Following comments of a member of the Board of Governors of the Federal Reserve System, the probability that next week the decision will be taken to increase rates has dropped to 15%.

13 Sep 2016
WPIC - Platinum deficit will exceed 16 tons

By the end of 2016, platinum deficit will be higher than expected. This will happen because of reduced mining, as well as of the steady low metal prices that will trigger the fall of the refinery volume.

08 Sep 2016
In September the Ministry of Industry and Tradeis going to announce a new acceptance of applications for the selection of investment projects

According to the agency, in mid-September, the Ministry of Industry and Trade of the Russian Federationis going to announce a new acceptance for applications for the competitive selection of investment projects in priority areas of the industry. 

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.