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11

Gold Reserves Run Low: Experts

Russian gold and platinum resources will be completely exhausted by 2015

Experts from Russia?s Ministry of Nature expressed an opinion that unless geological searching is invested, Russian gold and platinum resources will be completely exhausted by 2015 ? 2018. They say it?s necessary to invest 154 bln roubles in these 15 years into diamonds and precious metals searching.

However, gold miners do not share completely the opinion of the Ministry. Russian giant Norilsk Nickel has announced that PGM resources will be enough, for example, at Kola Peninsula for 30 years.