Monday, August 15, 2016

Udate: No plan to sell gold this year – Russia

October 27, 2009 by · Leave a Comment 

The Russian government says it has postponed plans to sell gold after information of the sale was leaked into the market Read more….

Gold, Silver, Metal Prices: Commentary (10/23/2009)

October 24, 2009 by · Leave a Comment 

A Turkey for Turkey, The UK Lays an Economic Egg, and Russia Sells…Gold?! Good Day, Gold prices continued to remain ‘in the zone’ (the $1040-$1070 zone, that is) overnight, with little in the way of fresh market-impactful news making their way into the media stream. The US dollar remained at or very near the 1.50 [...]

Russia to sell as much as 50 tonnes of gold by year end – source

October 23, 2009 by · Leave a Comment 

The sale could account for as much as 1.25% of annual world gold consumption but some analysts remain skeptical of such announcements Read more….

Brand Disloyalty

October 22, 2009 by · Leave a Comment 

The Daily Reckoning The US dollar is a sort of monetary brand. And like any other brand, it can fall out of favor. Even iconic brands can rapidly lose their “must-have” caché. Sometimes, a brand can disappear entirely, as did Pan American Airways or “Members Only” jackets. But there is always something else waiting to [...]

Russian miner reports higher gold production

October 22, 2009 by · Leave a Comment 

Russian mining company Polymetal has announced an increase in gold output for the third quarter compared with the same period last year. The firm said in a statement today (October 22nd) that higher throughput at its expanded Voro plant had helped to push gold production three per cent higher in the three months to the [...]

China National Gold to step up presence in Russia, Africa and Asia

October 21, 2009 by · Leave a Comment 

China Daily reports that the group is considering two new precious metals projects in the regions. Read more….

Norilsk, BHP plan to mine Russian coal from 2015

October 16, 2009 by · Leave a Comment 

Norilsk Nickel plans to start mining coal with BHP Billiton in the Russian Arctic from 2015, the first production to result from a three-year-old alliance between the mining giants. BHP Billiton, the world’s largest miner, will join Norilsk in developing the Syradasai deposit in a project that could eventually produce as much coking coal for [...]

Russian Forex and Gold reserves hit multi-month highs

October 15, 2009 by · Leave a Comment 

Official data shows the reserves rose by $7.2bn in the week to October 7th. Read more….

China/Russia Gas Deal Changes Dynamics

October 14, 2009 by · Leave a Comment 

With China closing multi-billion dollar trade deals on a near-daily basis, it would be easy to overlook the most recent energy deal which China and Russia have agreed upon. However, there were some interesting details in a Reuters article which caught my attention. The most significant item is that under the terms of the deal, [...]

Chinalco eyes RUSAL’s Australian plant stake – sources

October 13, 2009 by · Leave a Comment 

Chinese metals conglomerate Chinalco wants to buy UC RUSAL’s stake in an alumina refinery in Australia, but is less interested in buying into the indebted Russian company’s Hong Kong share issue, two sources familiar with the situation said on Tuesday. However, state-owned Chinalco, may be obliged to subscribe to the share issue and take a [...]

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