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07-10-2010 golden marketActuality, news, and clippings of press on the mining and the golden market in Russia.
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07-10-2010 BCR
Russia - The Russian reservations of gold and currencies increase in 6.700 million dollars
Divided golden reservations and (international reservations) of Russia have increased in 7 days in approximately 6.700 million dollars and last October 1, 2010 they were adding approximately 494.400 million dollars, has reported the Central Bank of Russia (BCR). According to the bulletin on September 24 the Russian international reservations have totalized approximately 487.700 million dollars.
The assets in currencies and gold in power of the Central Bank and of the department of Finance they are calculated in American dollars, and his value depends on the official change rouble - dollar that the BCR establishes at the moment of being taken into account.
05-07-2010 BCR
Russia increases his golden reservations to approximately 668,6 tons
The Central Bank of Russia increased in 26,6 tons (5,5 %) his golden reservations in the last trimester, promoting the whole of his golden reservations to 668,6 tons of gold. Russia is the 9th biggest official golden holder.
27-04-2010 BCR
Russia - golden Production in the first trimester 2010 lowers 7,9 %
The entire production of gold of Russia in the first trimester 2010 had an interannual fall of 7,9 % to 28,9 tons.
The number was slightly a minor to the projection of a regression of 10 % that did one month ago the group, the Trade union of Industry of the Gold of Russia.
The mining production lowered 11,9 % to 23,3 tons, while the golden volume produced like derivative and refined of scrap it rose.
In 2009 Russia raised the golden production in 11,2 % to 205,2 tons (6,6 million ounces) and he plans more increases before the starting of new mines.
28-01-2010 BCR
Russia - golden Reservations and currencies lower 5.800 million dollars in one week
Divided golden reservations and (international reservations) of Russia diminished in 7 days in 5.800 million dollars and last 22-01-2010th they were adding 435.600 million dollars, reported the Central Bank of Russia (BCR). According to a bulletin of this issuing entity, last 15th the Russian international reservations were totalizing 441.400 million dollars. The assets in currencies and gold in power of the Central Bank and of the department of Finance they are calculated in American dollars, and his value depends on the official change rouble - dollar that the BCR establishes at the moment of being taken into account.
14-01-2010 BCR
Russia increased his golden reservations to 5,1 % in 2009
The golden reservations of Russia have increased in a 1,7 % last year, between 01-01-2009 and 01-01-2010, it was doing a whole of 5,1 % of the international reservations. This way the value of the Russian gold has grown from approximately 14.533 million dollars to approximately 22.382 million dollars.
The international reservations of Russia increased in 3,2 % last year, up to 427.080 million dollars, communicated the Central Bank of this country. His evolution recovered this way the positive sign after having experienced in 2008 a fall of 11 %. Last December, the reservations contracted in 7.176 millions, or 1,6 %.
10-12-2009 BCR
Russia - golden Reservations and currencies raise 1.500 million dollars in one week
The golden reservations and currencies of Russia rose in 7 days in 1.500 million dollars and last 4th they were adding 451.200 million dollars, reported the Central Bank of Russia (BCR).
According to a bulletin of this issuing entity, last November 27 the Russian international reservations were totalizing 449.700 million dollars.
The assets in currencies and gold in power of the Central Bank and of the department of Finance they are calculated in American dollars, and his value depends on the official change rouble - dollar that the BCR establishes at the moment of being taken into account.
27-11-2009 you obtain
Russia - Production gold raises 12,2 % between January and October, 2009
The golden production in Russia rose 12,2 % annual in the first 10 months of 2009, for the throwing of new and enormous projects in the country, said on Friday the Trade union of the Industry of the Gold. The golden production added a 171,2 tons whole between January and October, 2009, compared to 152,5 tons of the same period the year 2008. Russia has the 5th biggest country house mining industry of precious metals of the world. Russia produced about 8 % of the world gold in 2008 and it glides to increase significantly his participation developing his reservations, which are the biggest second ones after those of South Africa. Moscow aspires to produce 205 tons of gold this year 2009, 11,1 % more than the year 2008.
08-10-2009 Reuters
Russia - golden Production will raise 11 % in 2009
Russia would produce 11,1 more % of gold this year than in 2008, raising his prognosis for 2009 to 205 tons from a 190 tons dear previous. The throwing of several new mines in the East of Russia will allow to the country to prop the production up more rapid than the awaited thing previously. The 205 tons prognosis is equivalent to 6,59 million ounces. The increase assumes in the dear to the first finished year of production of the mine Kupol of the Canadian Kinross Gold Corp in the remote Chukotka region, as also of the mine Karalveyem in the same area. Several other mines also would prop up the whole, including the mines Pokrovsky de Petropavlovsk and Berezitovy de High River Gold, both in the region of Amur. Russia produced close to 8 % of the world gold last year and it glides to increase significantly his participation across the development of his reservations that in size only are behind those of South Africa. Russia impelled his golden production to 184,49 tons in 2008 after 5 consecutive years of falls.
26-08-2009 Reuters
Russia - The Russian golden production raises 21 % between January and July, 2009
The Russian golden production increased in 21 % in the first 7 months of the year 2009 due to the throwing of several big projects in the extreme east of the country, including the mine Kupol of the signature Kinross Gold in the remote Chukotka region. Russia, the 5th biggest world extractor of the gold, produced 101,77 tons between January and July, 2009. In the same period of 2008, it extracted 84,13 tons. Russia produced close to 8 % of the gold of the world last year and it glides to increase significantly participation is across the development of his reservations that only are overcome by those of South Africa. The Russian production of gold of the mines rose in 21,7 % annual, to 89,18 tons. The obtained production of the refinement of golden scrap increased in 2,9 % to 4 tons and the produced one as by-product of other metals grew in 23,4 %, to 8,58 tons.
22-08-2009 the Avant-garde
Russia in the crisis - Passivity in Moscow
The current Russian system can be defined as one, “bureaucratic capitalism based on the agreement between the bureaucracy and the private capital. The state allows to the capital to gain money as it is, and in return the capital must not get into politics. The proper bureaucracy takes part in the business, although it is prohibited”.
15-08-2009 Kinross
Russia - The Chukotka challenge exploiting the abundant precious metals reservations
Chukotka, which is closer to Alaska that of Moscow, region with a size twice bigger than Germany, has turned in the region of major production of gold in Russia, with a fifth one of the national whole, since the Canadian mine-layer Kinross Gold Corp was inaugurating his enormous mine Kupol in the middle of 2008. Roman Kopin, who was briefly a vice-governor of Abramovich before turning into governor one year ago, said that the mining will contribute in 37 % to the regional economy this year compared with 22 % in 2008.
02-04-2009 Cotizalia
A new reservation currency
Russia and China have done a proposal to create a new currency of international reservation to compete with the dollar, and that would have part of his anchoring in the value of the gold, in addition to the rouble and the yuan.
31-03-2009 Libertad Digital
Russia pleads for restoring the gold standard as new currency of world reservation
Arkady Dvorkevich, economic adviser of the Kremlin, defends to include the golden ingots in the basket of currencies that would serve as base to establish a new world currency in replacement of the dollar, based on the Special Rights of Draft of the IMF, as he proposes along with China.
30-01-2009 Russia
Russia increased in more than 13 % the golden production in 2008
The golden production in Russia increased last year in 13,3 %, up to 184,487 tons, compared to 2007. The golden extraction grew in 2008 13,1 %, up to 163,891 tons, informed the union of the Russian auriferous industry. In advance, Russia was registering for five years a descent of the golden production, but the union was auguring that in 2008 the tendency would be obtained revertir, thank you in particular to the starting of new deposits.
17-01-2009 Gold Reserve
Canada - Gold Reserve questions report of results of Rusoro for the fourth trimester of 2008
The Canadian mine-layer Gold Reserve questioned the not audited results of the Russian company Rusoro Mining for the fourth trimester according to which the Venezuelan auriferous plant Choco 10 registered a record production. The Canadian urged his shareholders to study thoroughly the information.
31-12-2008 Gold Reserve
Canada - Gold Reserve rejects offer of acquisition of Rusoro
The directory of the Canadian mine-layer Gold Reserve rejected the offer in actions presented by the Russian company Rusoro Mining and advised to his shareholders not to offer his actions. They believe that the proper flagging financial situation of Rusoro and his tarnished operational yield present considerable risks for the shareholders of Gold Reserve in case the hostile Rusoro offer has good results.
16-12-2008 Rusoro
Venezuela - Rusoro Mining offers actions to acquire Gold Reserve
Rusoro offered to the shareholders of the Canadian mine-layer Gold Reserve three ordinary shares for every ordinary share class A and every capital unit of Gold Reserve. “The union of Rusoro and Gold Reserve would give birth to the principal producer of gold of Venezuela and to we would allow to make use of our wide experience in the country to exploit the inherent value of the project Breezes for the sake of all the shareholders”, showed the general manager of Rusoro, Andre Agapov. Gold Reserve is waiting for the approval of the environmental authorities of Venezuela to develop the golden project and receive Breezes. In November, the press announced that the Venezuelan Government was contemplating the possibility of expropriating Breezes to Gold Reserve and of proposing to Rusoro the risk creation of the company shared to develop the project.
19-11-2008 Reuters
Russia - The Russians shelter in the gold and silver
The Russian state Sberbank bank sees a sales rise in the precious metals. Sberbank dijó on Wednesday that the sales of the precious metals of this year have been carried out by clients who look for sure investments there being able to be confronted the túrbulencias of the international financial markets. The sale of silver ingots they have been trebled to approximately 6 tons in the last 10 months, until October, 2008. The sale of golden ingots increased approximately 1,5 times more than last year, it means approximately 10 tons. The director of Sberbank dijó: "The most conserving investor prefers to invest his values in ingots.”
27-10-2008 Association of golden Producers Russia
Russia - golden Production has increased in 132 tons this year
The production of the gold in Russia between January and October of this year has totalized approximately 132,004 tons, what supposes an increase of 10,2 % with regard to the same period of 2007, reported the Association of golden Producers. The golden extraction in this period added 117,344 tons (more 10,3 %), the collateral production was 9,1879 tons (2,5 % less) and the secondary one increased up to 5:4727 tons (38,8 % top), it points out the bulletin. The increase of the production was obtained in the regions of Chukotka, Khabarovsk and Amur (Far East of Russia), Krasnoyarsk (Siberia) and Sverdlovsk and Cheliabinsk (Urals).
24-07-2008 PrecioOro
Russia - Increase of 12,5 % in the golden production the first semester 2008
The golden production in Russia increased 12,5 % in the first semester of this year 2008 with regard to the same period of 2007 and reached 62 tons and 60,7 kilograms.
10-07-2008 PrecioOro
Russia - Polymetal with new projects of gold and silver
Polymetal, the mine-layer of bigger silver of Russia, aspires to increase his commercial value exploiting promising precious metals deposits.
