gold

Why Russia buying so much gold?

Russia's central bank purchased 92.2 tons of gold in the third quarter of this year. It was the record amount in this quarter, according to the World Gold Council report.  The World Gold Council has also found that global …

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Russian company sells Armenian gold mine

Polymetal, one of Russia's largest gold and silver miners, decided to sell its Armenian Kapan mine to Kyrgyzstan-based Chaarat Gold Holdings for $55 million, the company said. Polymetal is a top-20 global gold producer and …

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 Kazakh Kyzyl gold mine launched ahead of schedule

  Russian gold and silver producer Polymetal said it has launched its Kyzyl mine in Kazakhstan ahead of schedule and below budget. The company said that the concentrator at Kyzyl had entered a three-month ramp-up period, …

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Protesters block road to Armenia gold deposit

Dozens of protesters in Armenia blocked a road to the country's largest gold deposit near the Sotq town, GeoProMining Gold company, which is engaged in mining of precious metals in the republic, said. "From May 17 to 18, …

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Turkey finds way to increase its gold fund reserve

Turkey plans to increase the country's gold reserve through the sale of old cars without owners, and confiscated ones as well. According to Turkish media, local municipalities will sell abandoned or confiscated cars, and the …

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Turkey withdraws its gold reserves from US

Turkey’s Central Bank has transferred its gold reserves stored in the US Federal Reserve System to Turkey, Turkish media reported, citing sources in the government. The total volume of the gold reserves of Turkey’s …

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Russia's gold hoard is now bigger than China's

Russia has overtaken China as the fifth-biggest sovereign holder of gold, allowing it to diversify its foreign currency holdings amid a deepening rift with the US. The Bank of Russia in January increased its holdings by almost 20 metric …

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China refuses to buy Russia's Polyus

Russia's top gold miner Polyus said that plans to sell a 10% stake to a consortium led by China's Fosun International had been dropped after one of the conditions of the agreement was not met. "After the condition precedent …

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Russia buying gold

Russia should increase a share of gold in its state reserves to beef up national security, the First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov said. "The Bank of Russia and other countries give …

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100 tonnes of gold discovered in Russia's Dagestan

A structure containing gold resources amounting to 100 tonnes was discovered in the territory of the Russia’s Dagestan, Russian Minister of Natural Resources Sergei Donskoi said. "A gold-bearing structure …

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Azerbaijan records explosive growth of gold production

Azerbaijan, which started industrial production of gold in July 2009 and publication of accompanying silver production in 2010, managed to inflate production of gold by 2.2 times, but reduced production of silver by 7.4% for 2017. At that, gold …

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