Major Russian gold mining companies are planning to almost double production. The increase could make Russia the world's second largest producer of the precious metal.
The country is currently third in the global rating of gold miners after Australia and China. However, that could change in less than a decade, according to Mikhail Leskov, deputy CEO at the Moscow-based Institute of Geotechnology, as quoted by Vedomosti.
The newly discovered gold deposits will reportedly allow miners to increase extraction by half in seven years. By 2030 extraction is expected to grow by nearly eight million ounces. ...
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