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Xinhua — Russia to become world’s second largest gold producer after China

Summary:
Russia will become world's second largest gold producer with the launch of a major mining and smelting facility in the Far East, said the press service of the Ministry for the Development of the Russian Far East Wednesday. After the facility was launched by Russia's gold producer Poluys to develop the Natalka gold deposit in the country's Magadan Region, the volume of ore processing will exceed 10 million tons per year, while the volume of gold production will be 13 tons per year, which increases the country's gold production by 5 percent, the ministry said. This will make Russia the second largest gold producer in the world after China, the press service quoted Polyus CEO Pavel Grachev as saying....  Ecns.cnRussia to become world's second largest gold producer Xinhua

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Russia will become world's second largest gold producer with the launch of a major mining and smelting facility in the Far East, said the press service of the Ministry for the Development of the Russian Far East Wednesday.
After the facility was launched by Russia's gold producer Poluys to develop the Natalka gold deposit in the country's Magadan Region, the volume of ore processing will exceed 10 million tons per year, while the volume of gold production will be 13 tons per year, which increases the country's gold production by 5 percent, the ministry said.
This will make Russia the second largest gold producer in the world after China, the press service quoted Polyus CEO Pavel Grachev as saying.... 
Ecns.cn
Russia to become world's second largest gold producer
Xinhua
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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