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News // Metal market

Russia Gold Mining Output To Decrease»

26 October 2004 , 11:47408
The Russia?s precious metals mining output are likely to decrease by 25 percent by 2007 due to gold and platinum resources are in exhausted condition, according to an announcement of the Minister of Natural Resources of Russia.

It?s necessary to invest about $600 mln annually in order to improve the situation with precious metals resources. However, large investors are afraid of high risks and instability.

Therefore the local authorities came to conclusion that one must develop the program of the regional mining industry aimed at investments attraction.

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