Union of Gold Producers of Russia

Union of Gold Producers of Russia (UGPR) – is a non-commercial organization which was founded in 1995. Among the members of the Union – companies producing precious metals and precious stones, refineries, commercial banks and engineering companies. Union of Gold Producers of Russia includes few biggest Russian gold mining companies, which annually produce about 70% of gold in Russia. The main purpose of UGPR is coordination of efforts of UGPR’s members to prepare and realize concrete actions for developing gold mining and precious metals industry in Russia, as well as lobbing interests of UGPR’s members in governmental institutions of Russian Federation. Union Initiatives on improving the legal framework of the market of precious metals and subsoil legislation are actively represented in the State Duma (parliament), the Ministry of Natural Resources and Ecology of the Russian Federation, Federal Agency for Subsoil Use (Rosnedra), Ministry of Finance, Ministry of Economic Development, the Chamber of Commerce of Russia and other state institutions. UGPR is actively defending the interests of members of the Union concerning subsoil use at the parliamentary hearings in the State Duma (parliament) and during the meetings with the Ministry of Natural Resources and Ecology of the Russian Federation. Many years, the Union of Gold Producers of Russia collects and analyzes inaccessible statistical data specialized in the production and consumption of gold, silver, platinum group metals and diamonds in Russia, which Is reflected in the annual reviews of the Union, and sending it to the relevant ministries and departments of the country. The Union also prepares and publishes quarterly reports on mining and production of gold in Russia, which include real-time data of refined gold by domestic gold mining enterprises and the Russian regions. One of the most important task of UGPR at the present stage is the attraction of long-term investments and reliable investors into Russian gold mining industry. UGPR is traditionally partnered with the Russian banking community and actively attracts new investors to the industry from investment banks, private equity funds and private investors. UGPR is working on attraction to the industry of new financial instruments (such as gold loans, etc.) and on the creation in Russia of a specialized stock exchange for small and mid-cap and so-called junior companies conducting advanced exploration works. The Union attracts to the Russian gold mining industry investors from China and other countries from South-east Asia, contributing to the dynamic growth of partnership relations between our countries. In light of the increased cooperation between China and Russia, the Union of Gold Producers has taken steps to establish relations with Chinese partners, including big commercial banks, investment companies, exchange platforms and gold mining companies.