Industry News

31 May 2016
Mine/priisk Ust-kara May engage in VTB up to 550 million Rubles

Mine/ priisk Ust-Kara OJSC intends to engage loans totaling up to 550 million rubles in VTB, as said in the message of the enterprise. The company will consider the approval of loan transactions at the general annual meeting on June 28 (the list of members compiled under the register records as of May 30).

31 May 2016
Krasnoyarskgeologiya plans to increase production by 12.5% in 2016

According to the annual report of the company, Krasnoyarskgeologiya OJSC is planning to mine not less than 350 kg of gold in 2016 which is 12.5% more than in 2015. 

30 May 2016
Sibresurs won gold in Komarov Log in Sverdlovsk region

Sibresurs LLC won the auction for exploration and mining of placer gold at Komarov Log area in Sverdlovsk Region on May 26, as follows from the auction results materials.

26 May 2016
Eurasia mining wants to mine platinum in the Urals

Eurasia Mining has engaged Region-Story company (Chelyabinsk city) in the beginning of the development of platinum placer deposits of Western Kytlym (Sverdlovsk Region).

26 May 2016
Gokhran not to purchase palladium and diamonds in 2016

Gokhran is not planning to purchase diamonds for the replenishment of the State Fund of precious metals and precious stones of the Russian Federation in 2016, Alexey Moiseev, Deputy Finance Minister, informed yesterday to journalists. 

26 May 2016
Venezuela sells off gold reserves due to economy deterioration

The gold reserves of Venezuela have reached their historic lows following the selling of metal for $ 1.7 billion in the first quarter to repay debt, CNBC reports.

26 May 2016
Nordgold increased investments in Neryungri-Metallic LLC by 2.7 times

During the first quarter of 2016, Nordgold increased capital expenses for the development Neryungri-Metallic LLC by 2.7 times in comparison with the same period last year to 1.9 million dollars, states the company press release. 

26 May 2016
Nordgold invested $4.9 million in Berezitovy Rudnik in January-March

Capital investments of Berezitovy Rudnik LLC (part of Nordgold) amounted to 4.9 million dollars in the first quarter of 2016 which is 63% more than in the same period last year, the company’s press-service reports.