US sanctions to boost Russia's gold production
Fitch Solutions: Russia may become the world’s largest gold producer by 2029
Gold reaches seven-year high
Gold surged on Monday to a near seven-year high as the U.S. killing of a top Iranian commander caused fears of a wider conflict in the Middle East. Palladium surpassed $2,000 an ounce for the first time, Reuters reports. Spot gold was …
China gets Tajikistan's gold
Dushanbe has become dependent on Chinese bounties, so it has to pay off debts in its deposits
Russia’s gold and forex reserves climb to record high
Russia's gold and forex reserves have hit the 487.8 billion dollars mark, breaking a five-year record on 1 April, when the figure stood at 486 billion dollars, according to the Russian Central Bank’s data. This comes as the …
Central bank gold buying hits highest level in half a century in 2018
The amount of gold bought by central banks in 2018 reached the second highest annual total on record, according to the World Gold Council (WGC). Central banks bought the most gold by volume since 1967, according to the industry research …
Russia outshines China to become world’s 5th biggest holder of gold
The Central Bank of Russia reported purchasing 8.5 million troy ounces of gold in January-November 2018. With its 67.6 million ounces of gold Russia is now the world's fifth largest holder behind the US, Germany, France and Italy, RT …
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 …
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 …
AzerGold and Azerbaijani Ecology Ministry sign Memorandum
The Ministry of Ecology & Natural Resources of Azerbaijan and AzerGold CJSC signed the Memorandum of Understanding at the Chovdar field. AzerGold reports that the Memo was signed by Ecology Minister Mukhtar Babayev and …
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, …
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, …
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 …
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 …
Plane loses diamonds, bars of gold and platinum near Yakutsk
A reported 200 bars of gold and other precious metals have scattered across an airport runway in Russia after a cargo plane door broke off upon takeoff. Strong winds blew off the Nimbus Airline An-12 cargo plane door upon takeoff from …
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 …
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 …
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 …
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 …
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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