• Most Popular
  • Most Shared

Russia 2008 gold output up 13.3 pct on yr-lobby

Stocks

   

MOSCOW | Fri Jan 30, 2009 5:53pm IST

MOSCOW Jan 30 (Reuters) - Russian gold output rose by 13.3 percent to 184.49 tonnes in last year from 162.84 tonnes a year ago mainly on the back of increased mine output, the country's main industry lobby said on Friday.

This is above the Russian Gold Industrialists Union earlier forecast of an 8 percent overall rise after five years of decline.

Output from mines rose by 13.1 percent to 163.89 tonnes in 2008 from 144.85 tonnes in 2007, a union statement said.

Output achieved by refining gold from scrap rose by 22.9 percent to 8.14 tonnes from 5.87 tonnes. Production of gold as a by-product of other metals rose 2.8 percent to 12.46 tonnes from 12.12 tonnes, it said.

Most Russian gold is mined in the country's east.

Krasnoyarsk in eastern Siberia -- home to top miner Polyus Gold's (PLZL.MM) PLZLq.L main mines -- was the country's largest gold-producing region in 2008.

It was followed by the Siberian Republic of Sakha (Yakutia) and the far eastern Amur region, union data showed. (Reporting by Aleksandras Budrys)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.