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Thursday, 28th April 2005 (4873 views)

Polyus has announced it has started exporting its first set of gold assets as part of an agreement with Credit Suisse.<br/><br/>Under the agreement Polyus will deliver 15 tonnes of gold to Switzerland, which will go directly to the buyer's vault in Zurich.<br/><br/>The first set of 500 kilograms of gold has now been set under direct export, according to Interfax.<br/><br/>Each payment or export is based on gold prices in London.<br/><br/>The gold exports are covered under a license received from the Russian Economic Development and Trade Ministry in March this year.<br/><br/>Polyus manages the gold production assets of Russian mining giant Norilsk Nickel.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8379299"/>

 

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