Ordinary shares of PJSC Polyus (Moscow Exchange shares ticker is PLZL), the biggest Russian gold producer company, have been included into base calculation indices of RTS and MICEX since June 16, 2016.
The State Duma’s Committee for Economic Policy, Innovative Development and Entrepreneurship recommended the Lower House of the parliament to pass through the second reading a bill which allows disapplying contract system law of state procurement in the process of precious metals and precious stones public funds’ replenishing of the subjects of the Russian Federation.
Kazakhstan is planning to adopt a new Code on mineral resources till 2017 which allows gold mining for natural persons and eases procedure of obtaining licenses for enterprises, Timur Toktabaev, Director of Subsurface Resources Management Department of Ministry of Development and Investments of the Republic of Kazakhstan, says.
In May 2016, Turkey increased gold import till 8.216 tons as opposed to 1.694 tons in the same period in 2015, Istanbul Gold Exchange (IGE) reports.
Alexey Mordashev’s Nordgold is planning to produce the first gold on the field Gross in Yakutia in the first quarter of 2018; construction capital expenses are estimated at $ 250 million, Nordgold’s report informs. In 2016, Nordgold is investing in the construction about $ 125 million. According to the feasibility study (FS), about 12 million tons of ore per year are expected to be produced at Gross mine by open-pit mining; and after reaching of full production, the field will annually produce about 230 thousand ounces (7.2 tons) of gold during 17 years.
The government of Russia gave permission to Krasnoyarsk Geological Exploration Enterprise LLC (Krasnoyarsk GEE LLC is a part of Polyus) for gold mining within Panimba ore cluster. An appropriate order was published on the website of the Cabinet of Ministers on Saturday.
Transactions volume has increased by 70.64% to 19.2 tons for gold and 22.5% to 794.1 kg for silver at Moscow Exchange OJSC <MOEX> from January till May 2016, comparing to the same period of the previous year, MOEX informs.
Ekaterinburg Non-Ferrous Metal Processing Plant JSC has successfully passed the audit process of the London Bullion Market Association (LBMA) regarding its compliance with the Responsible Gold Guidance developed by it.