Switzerland (3) -- Analyses-- January-March 2006

"Polyus Gold" granted export

17.03.2006

Polyus Gold Mining Company has been granted a license from the Russian Ministry of Trade and Economic Development for the direct gold export supplies in 2006. The supplies will be carried out under Polyus' direct export gold contract signed with Credit Suisse (Zurich, Switzerland). Polyus will export 10 tones (321.5 k oz) of gold bars to Switzerland via its transaction partner Credit Suisse in 2006. The agreement is based on the LBMA "Good Delivery" quality standard and on the London bullion market price.

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