Iran International Company industry and mines Ghadir (GIMDC) plans to cooperate with Kazakhstan in the field of mining and metals.
Before the end of 2016, Buryatzoloto plans to acquire additional equipment for jumbo development system in the amount of 47 million roubles.
According to the Agency of economic information PRIME, AO ‘Aleksandrovskaya Experimental-Methodical Expedition’ (AOME, part of the Rosgeologiya holding) has launched the second phase of work on the Right Bank area in the Khabarovsk region, according to Rosgeologiya’s press release.
According to the Economic Information Agency PRIME, mining company POLYUS is going to come out on the production of an additional one million ounces by 2020, said Pavel Grachev,the company’s general director.
Petropavlovsk Plc (SC "Petropavlovsk") plans to get the first ore from the underground mine deposit Pioner in the Amur regionin the first quarter of 2017, according to the company.
Gold is up 26% in 2016. Shares of gold mining companies have more than doubled (average +121% in industry) for the period under review.
"If we consider gold as an investment of money, in a period of economic uncertainty, it must be the first on the priority list..."
India reduced gold imports in monetary terms to 1.2089 billion dollars in June 2016, which is lower than in the same period of last year by 38.5%, according to the Ministry of Trade and Industry report.