Russia Ranked Third in the World with 5,000 Tonnes (t) or 9% of Global Reserves of Gold

Date: 2015-09-02

“• Russia ranked third in the world with 5,000 tonnes (t) or 9% of global reserves of gold as at January 2015 with substantial gold reserves can be found in the states of Krasnoyarsk Krai, Zabaykalsky Krai, Khabarovsk Krai, Magadan Oblast, Sakha (Yakutia) Republic and Amur Oblast.

• The Russia precious metal industry is dominated by six major companies: Polyus Gold International Ltd, Petropavlovsk, Kinross Gold Corporation, Polymetal International Plc, MMC Norilsk Nickel and Alrosa – it being the only diamond producing company in the country. 

• Russia was globally the sixth largest silver mine producer in the world with Magadan Oblast was the largest silver producing region in 2014, with 26,801 ounces, followed by Chukotka Autonomous Okrug with 4,273 ounces of silver.

• Russia ranked fifth with 40 million carats of diamond reserves in January 2015, accounting for 5.5% of the global total.”

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