HEADLINE: "Ship with 700 Tons of Gold Ore Disappears off Russia"

[AnnieF]

Posted: Oct 30, 2012 8:57 AM EDT
Updated: Oct 30, 2012 8:57 AM EDT
By Associated Press

MOSCOW – A vessel with a nine-person crew and 700 tons of gold ore onboard has disappeared 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.

The company said it has shipped ore via that route before, and there was nothing unusual in shipping it by the sea.

Ship with 700 tons of gold ore disappears off Russia - FOX 35 News Orlando

 

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[ou8acracker2]

It wouldnt be close to worth it to look for it and salvage..a big mine like that has very little gold per ton in their ore..they acid leach it and what not....so not only if you recover it would you have to get permits to leach it, but you have to find a mill and such..the whole process in the states takes about three years.

Ive looked into some old tailings piles from the 60s with pretty good gold numbers but it just isnt worth the process, even if its gravity concentrate.

 

[Smithbrown]

Update on the missing freighter: Russian ship carrying 700 tonnes of Polymetal gold ore spotted on seabed | Business | The Guardian