The gold concentrate, from which China can refine 2.75 tons of gold, will be delivered from Polymetal's Mayskoye gold mine in Russia's easternmost Chukotka region.
MOSCOW(BullionStreet): Continuing its gold purchase from abroad, China will buy around 50,000 tons of gold concentrate from Russia's Polymetal.
Polymetal International in a statement said it had signed two export contracts to supply up to 50,000 tons of refractory gold concentrate to China in 2013.
The gold concentrate, from which China can refine 2.75 tons of gold, will be delivered from Polymetal’s Mayskoye gold mine in Russia’s easternmost Chukotka region.
The average gold content in the concentrate is expected to be around 55 grams per ton. ...