Gold Producers Align to Form Financial Unit
Online, August 9, 2010 (Newswire.com) - The increased financial activities will boost the production of gold through the formation of new mines, purchase of new equipment, and the expansion of infrastructure and support activities.
Soyuz Gold is a 46 member gold mining consortium located in the Republic of Yakutia in Russia. Long recognized as a leader in the production of gold and other minerals the Republic ranks as a major supplier of gold, diamonds, and other minerals on a global scale. John Turner who is one of the principals stated that "RUE Ltd. is a British firm that will endeavor to attract increased financial opportunities through the use and conversion of warehouse warrant securities representing 99.5% gold bars." The gold bars are hallmarked and held in secure warehouses. " The fact that use of these gold backed securities has been approved for bank undertakings in both the United Kingdom and United States is a key issue and represents the future of secure financial dealing by the Republic on a global scale" added Domen Zavrl, another of RUE Ltd's principals. Zavrl went on to say "The approval by the UK and US should pique the interest of the financial community as a whole and bring investors and investment opportunities forward on multiple fronts."
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Tags: gold, mining, Precious Metals