Industry News

23 Aug 2016
Polymetal is to expand Amursk pox plant

Polymetal announced that its Board of Directors has approved the debottlenecking project at the Amursk POX plant.

23 Aug 2016
FAS allowed Petropavlovsk to buy100% of Amur Zoloto

The Federal Antimonopoly service (FAS) Russia has satisfied the petition of the gold mining company Petropavlovsk PLC on the acquisition of 100% stake in the company Amur Zoloto. This was reported by Business News Agency PRIME.

23 Aug 2016
Russian gold reserves rose beyond 1,500 tons for the first time

The Russian Central Bank announced this week that its gold reserves in July 2016 reached 48.4 million troy ounces.

22 Aug 2016
Demand for gold at German stockexchange reached record

In Germany, low interest rates in banks are one of the drivers of growth in demand for the yellow precious metal. This is according to the German Stock Exchange (Deutsche Boerse AG).

22 Aug 2016
YUSMO raise the price of Ilikan Gold by 508 times

YUSMO LLC during the bid on August 19 increased the one-time payment for site of the Ilikan River by 508.2 times up to 381.5 million rubles, reports Business News Agency PRIME in Amurnedra.

22 Aug 2016
In 2016 Kolyma expects growth of gold production by 10%

In 2016 subsoil users of the Magadan Region plan to produce 27 tons of gold, which is 10.2% higher than a year earlier, the governor Vladimir Pechyony stated at the working meeting with the RF President Vladimir Putin.

22 Aug 2016
In September, MNR will announce the date of auction on Sukhoi Log

Ministry of Natural Resources plans to announce the date of the auction for the development of one of the largest Russian gold deposit Sukhoi Log in the Irkutsk region in September, reports Minister of Natural Resources and Environment of RF Sergey Donskoy to the journalists of Business News Agency PRIME. Probably, in the beginning of September.

18 Aug 2016
Gold and copper to be searched in Komsomolsk District of Khabarovsk region

Geologists explore the field, prospective for gold and copper in the Khabarovsk Krai.