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Latest Polyus Gold Stories

2014-05-29 12:22:40

LONDON, May 29, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report: Russia Mining Report Q2 2014http://www.reportbuyer.com/industry_manufacturing/mining/russia_mining_report_q2_2013.html Includes 3 FREE quarterly updates BMI View: Despite boasting rich mineral deposits, a mining boom is unlikely to catch up with Russiaanytime soon. A growing number of domestic miners will be forced to step the brakes on investment as mineral prices continue to trend lower,...

2009-05-22 23:04:39

A gold mining community in Siberia has received a financial boost from the richest man in Russia, who has decided to register as a resident. Mikhail Prokorov's action means that his tax payments will go to the local budget of Krasnoyarsk Territory, where the village of Yeruda is located, RIA Novosti reported. No one expects Prokorov, who was previously registered in Moscow, to move to Yeruda, the Russian news agency said. Last year, he spent 500 million euros (almost $700 million) on a...

2008-09-24 21:00:24

MAGADAN. Sept 24 (Interfax) - The criticism that Russian President Dmitry Medvedev leveled at Polyus Goldf (RTS: PLZL) does not mean that the government intends to strip the country's No. 1 gold producer of its license to develop the big Natalkinskoye deposit in the Magadan region, Economic Development Minister Elvira Nabiullina told reporters in Magadan. "The president's criticism of the company does not mean that the government intends to strip it of the license to develop the deposit,"...

2008-08-06 06:00:34

By Andrew E. Kramer The Russian metals tycoon Mikhail Prokhorov announced Tuesday that he would sell a minority stake in the Arctic mining company Norilsk Nickel for $10 billion to his former business partner Vladimir Potanin, possibly ending a drawn-out ownership struggle between several of the richest men in Russia. The two oligarchs agreed last year to divide their holding in Norilsk, an iconic and extraordinarily valuable Russian factory founded by Stalin, whose value soared along...

2006-06-21 07:45:00

By Robin Paxton POKROVSKY RUDNIK, Russia (Reuters) - British banker Peter Hambro once sold part of his wine collection to fund a fledgling gold mine in Russia's Far Eastern forests. Now, his partners at Russia's third-largest gold producer toast plan to quadruple output, with a vodka named after the mine. Russia's gold deposits, second only to South Africa's, have lured investors prepared to brave opaque legislation and creeping Kremlin control over strategic assets. "It's a good time to be a...


Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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