SCO & BRICS latest news and insights
By Rhod Mackenzie
The Russian gold mining ginat Polyus plans to produce the first batch of gold at Sukholozhskaya gold processing plant in Irkutsk by 2028, according to Roman Engelgardt, the company's director for government affairs in the region.
"Once the Sukhoi Log mill achieves its designate...
By Rhod Mackenzie
Russian gold miners have set a new record by selling five times more gold to Hong Kong than before. However, China's official data on the purchase of Russian gold is markedly lower. Analysts suspect that Beijing is attempting to conceal its large purchases of gold from the West,...
By Rhod Mackenzie
Mali and Russia have signed a memorandum of understanding for the construction of the largest gold processing plant in West Africa with a capacity of 200 tons per year in the capital of Mali, said Minister of Economy and Finance Alousseni Sanou.
The memorandum is valid for four...
By Rhod Mackenzie
Today at the start of the working week, the price of gold reached a six-month high.Reuters reports, the spot price for an ounce of gold rose by 0.4% on November 27th, hitting $2,009.69.
This is due to the devaluation of the US dollar. Additionally, there is a strong likelihood t...
By Rhod Mackenzie
Gold production in Russia is likely to peak at 600 tonnes by 2030, before beginning to decline. This was reported by the newspaper Vedomosti, which refers to a study by the Federal State Budgetary Institution TsNIGRI.
600 tonnes is the base scenario, whereas production is expec...
By Rhod Mackenzie
The Foreign Affairs committee of the US congress has backed the transfer of the Russian assets that are currently frozen abroad to the Ukraine, on the condition that "if necessary, the funds will be transferred to the US government." However, this idea lacks support within the Eu...
