Irkutsk-based Service TechnoProm LLC has built Russia's biggest centrifugal concentrator for the mining industry, the Irkutsk regional government's press service said. "This equipment is designed to extract gold, platinum and other valuable metals when ores from hardrock deposits are processed. The Irkutsk model's capacity is up to 1,000 tonnes per hour, and there are very few concentrators like it in the world today," the report says, quoting Nikita Kiselev, CEO of Service TechnoProm. The equipment ...

Russian President Vladimir Putin pointed out that gold prices are at an all-time high at a meeting with Yury Chikhanchin, the head of the Federal Financial Monitoring Service or Rosfinmonitoring. "Historic high [for the price of gold]," the Russian leader said in response to Chikhanchin’s assertion that gold prices remain elevated, creating an opportunity to make big profits from buying and selling the precious metal. The Head of state also pointed to the trend of the growing use of gold in ...

Russia’s gold and primary aluminium output rises in April 2025 However, compared to March 2025, the output declined by 3.8%. In total, for the January-April 2025 period, gold production increased by 6% year-on-year. The production of primary aluminum in April rose by 5.3% compared to April of the previous year, but decreased by 0.7% from March 2025. Over the January-April 2025 period, the output of primary aluminum increased by 2.6% year-on-year. Subscription to news

South Korean Samsung Display has stopped purchasing Russian gold, tungsten and tantalum, according to the company's reports. Previously, these metals were supplied by Krastsvetmet, Solikamsk Magnesium Plant (part of the mining division of State Corporation Rosatom) and other Russian enterprises. Experts do not rule out that the refusal may lead to an increase in the cost of electronics by 2-5%. Samsung Display, part of Samsung Semiconductor, makes screens for smartphones, including the Apple ...

Seligdar PJSC is one of Russia’s leading gold producers with over 50 years of experience in the mining sector. The Company’s primary mined metals include gold and tin. Seligdar has gold reserves of 285 tonnes and tin reserves of 412 thousand tonnes. The Holding Group's operations are located across seven Russian regions, including the Republic of Sakha (Yakutia), Republic of Buryatia, Altai, Orenburg, Irkutsk, Khabarovsk and Chukotka regions. Seligdar PJSC (MOEX: SELG, hereafter referred to ...

The price of gold futures for June 2025 delivery on Comex (a division of the New York Mercantile Exchange) has risen above $3,200 per troy ounce, according to exchange data. At 01:33 Moscow time, the precious metal was trading at $3,209.7 per troy ounce (+2.17%). By 01:48 Moscow time, gold accelerated its gains, reaching $3,212 per ounce (+2.24%). Gold futures previously hit a historic high on April 2, surpassing the $3,200 mark. At 23:29 Moscow time that day, the price rose 1.12% to $3,201.6 ...