A Russian ship carrying 700 tons of gold is missing off Russia’s eastern coast.
A Russian ship carrying 700 tons of gold is missing off Russia’s eastern coast.
The dry-cargo freighter Amurskaya, operated by a company based in Nikolayevsk-on-Amur, went missing in the Okhotsk sea on Sunday. It had a nine-member crew on board, local prosecutors who are checking the case said in a statement.
The ore came from Polymetal’s Avlayakan mine and was supposed to be delivered to its Hakanja processing plant, the company said in an emailed comment. It declined to give further details. At current gold prices , the 700 tonnes of gold ore may cost around $230,000, analyst Sergey Donskoy at Societe Generale said. Each tonne of ore out of the Avlayakan mine contains about 6 grammes of gold.
If this was a movie, the ship is right now hidden in an underground lair somewhere, being offloaded as engineers work to disguise it.
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A Russian ship carrying 700 tons of gold is missing off Russia’s eastern coast.
The dry-cargo freighter Amurskaya, operated by a company based in Nikolayevsk-on-Amur, went missing in the Okhotsk sea on Sunday. It had a nine-member crew on board, local prosecutors who are checking the case said in a statement.
The ore came from Polymetal’s Avlayakan mine and was supposed to be delivered to its Hakanja processing plant, the company said in an emailed comment. It declined to give further details. At current gold prices , the 700 tonnes of gold ore may cost around $230,000, analyst Sergey Donskoy at Societe Generale said. Each tonne of ore out of the Avlayakan mine contains about 6 grammes of gold.
If this was a movie, the ship is right now hidden in an underground lair somewhere, being offloaded as engineers work to disguise it.
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
There’s a pretty big difference between 700 tons of gold and 700 tons of gold ore.
The $230,000 figure cited is the approximate value of the refined gold at current prices (~$55,000/kg). I’m not familiar with gold ore smelting, but unless the pirates already have an operation going, or are going to fence the ore to someone who does, it hardly seems worth the trouble.
True, but it does sound like the beginning of a typical Clive Cussler novel.