Gold production in Russia could peak in 2030. This estimate was published with reference to the report of the Central Scientific Research Geological Research Institute of Non-Ferrous and Precious Metals (TSNIGRI) of Rosnedra “vedomosti”
According to the publication, the document includes various scenario options. The first involves gold production in developed deposits. If implemented, Russia’s annual gold production volume will reach 600 tons by 2030. According to another scenario involving the inclusion of estimated resources in industrial development, production will exceed 700 tons.
November 23 in Russia introduced Quotas for scrap exports from the country. According to the press service of the Ministry of Economic Development of the Russian Federation, the quota size of 600 thousand tons and the in-quota tax of 5% have not changed, but will not be less than 15 euros per ton. As the Ministry of Economy noted, the extension of these measures will help maintain prices and provide strategic raw materials to Russian metallurgical plants.
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