Amur Minerals Company announced the completion of the evaluation of resources of Kubukarea, field Kung Magnier (Amur region). In comparison with the previous evaluation, the resources of the copper-nickel ore of Kubuk area increased by 25% to 25.7 million tons.
In the first quarter of 2016, Iran bought 15 tons of gold in the form of coins and bars. Thus, this Muslim country occupies a leading position on the demand for gold in the Middle East.
According to Kommersant estimate, based on preliminary data of the National League of Governors (NLU), net inflow of funds into open mutual funds in April amounted to 700 million rubles. This results in twice the revenue in March (353 million rubles).
Gold production in China in the first quarter of 2016 increased due to the increase in the price of the metal on the world market, according to China Gold Association.
Petropavlovsk PLC reached an agreement with Alliance Mining Group and Lexor Group SA of Musa Bazhaev on the acquisition of gold mining company Amur Zoloto with the assets in the Khabarovsk Krai in the Russian Far East.
On Thursday, April 21, silver prices were close in morning trading to an annual maximum in the forefront of the strengthening demand for the metal in China. During the sales the price of silver reached a daily peak of $ 17.39 per ounce, before retreat to the level $ 17.33 per ounce.
Gold went up in price again last Tuesday, on April 12, due to the price growth in commodity markets, neutralizing previous price loss. June supply gold value grew 0,2% on Comex (NYMEX) , reaching $1260,90 per troy ounce compared to $1253 per ounce at previous session.
MMC Norilsk Nickel reports financial results of 2015 together with situation of platinum group metals market for the nearest future.