26 minutes agoRussia will double gold extraction
Periskopi(8 years ago)
(8 years ago)Russia is planning to double gold extraction, thus becoming the second largest producer in the world. It is currently ranked third in the global ranking after Australia and China. But this could change in less than a decade, according to Mikhail Leskov, deputy executive chief of the Geotechnology Institute [...]
It is currently ranked third in the global ranking after Australia and China. But that could change in less than a decade, according to Mikhail Leskov, deputy executive chief of the Geotechnology Institute in Moscow, writes Russia Today.
According to Metals Focus, in 2017 Russia released 8.8 million ounces (size measuring) gold, representing 8.3% of global production.
Newly discovered gold deposits will reportedly allow miners to increase extraction, causing up to 2030 to grow by eight million ousse.
Earlier this year, the state-owned company “Rosgeo” said a new discovery was found in the Republic of Unillistan carrying about 900 tonnes of silver and gold. According to initial estimates in this area, there are about 87 tonnes of gold, while silver is estimated to be 787 tonnes.
The Russian mining industry has almost doubled its release volume over the past two decades.
The regions of Amur and Magadan are the fastest growing gold distributors, while the Siberian city of Irkutsk is also one of the most remarkable mining areas in the country.
