Economy

xchrom

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38. RUSSIAN SHIP WITH 700 TONS OF GOLD ORE MISSING

Mon Oct 29, 2012, 08:09 AM

Oct 2012

http://hosted.ap.org/dynamic/stories/E/EU_RUSSIA_MISSING_SHIP?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-10-29-08-04-08

MOSCOW (AP) -- A vessel with a nine-person crew and 700 tons of gold ore onboard has gone missing in stormy seas off Russia's Pacific Coast.

The ship sent a distress call on Sunday as it was sailing from the coastal town of Neran to Feklistov Island in the Sea of Okhotsk.

The vessel, hired by mining company Polymetal, was carrying 700 tons of gold ore from one deposit to another where it was to be processed. Gold ore is the material from which gold is extracted and contains only a small percentage of the precious metal.

Polymetal's spokesman on Monday would not estimate the value of the cargo.

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STOCK MARKET WATCH -- Monday, 29 October 2012 [View all] Tansy_Gold Oct 2012 OP

Looks like the NY markets will be closed Monday Tansy_Gold Oct 2012 #1

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How unfortunate--unless, how convenient Demeter Oct 2012 #39

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Because it could. Fuddnik Oct 2012 #54