China summit on gold and precious metals is scheduled to be held in Shanghai during 7-8 December, 2016.
The Magadan region is going to increase gold production up to 28-29 tons in 2017 from 27 tons previously planned for this year, according to Vladimir Pecheny, governor of the region. “As for the prospects, it is based on real calculations and estimations.
The Russian Finance Ministry proposed to amend the federal budget estimate for 2016, according to which the acquisition amount of precious metals and stones to the Russian State Repository for Precious Metals is limited to 5.018 billion rubles, according to the draft of a bill published on the federal portal of legal acts.
On Wednesday in New York gold futures quotations ended the session at the positive territory receiving support from the dollar weakening and expectations of the increase of the key FRS interest rate in September.
"Uralelectromed" (UMMC enterprise) intends to increase the precious metals extraction by means of the introduction of new technology of production of antimony-tin concentrate, according to the company.
Today, on September 14, a meeting between the Prime Minister of Kyrgyzstan Sooronbay Jeenbekov and the Canadian gold mining company Centerra GoldInc CEO Scott Perry took place in Bishkek.
According to data of exchanges, on Wednesday, the gold price rises against the background of a slight weakening of the dollar, caused by declining expectations of an increase in the basic interest rate of the USA Federal Reserve System.
According to the representative of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), production of gold bullionsat gold mining complex “Mute”, during the period from March 21 to August 20 of 2016 amounted to 117 kilograms.