Russian Gold Producers’ Union predicts the activation of mergers and acquisitions in the industry.
Edited by Rhod Mackenzie / 2014-02-12 06:02:59
In 2014 Russian Gold Producers’ Union predicts the activation of integration processes in the industry amid falling gold prices. According to the information the branch union chairman, Sergei Kashuba gave to ITAR-TASS, during the year the gold production will fall by 5%, and Russian gold miners will join together in order to survive. According to him, in 2013, by contrast, the tendency to increase production at falling prices was observed. But the growth was due to the decrease in capital expenditures and investments into exploration.
