Union of Gold Producers of Russia (UGPR)

Union of Gold Producers of Russia (UGPR) – is a non-commercial organization (association) which was founded in 1995.

Among the members of the Union - companies producing precious metals, refineries, commercial banks and engineering companies, regional gold associations. The membership is limited by legal entities. 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.

Active participation of the Union of Gold Producers of Russia in the preparation of legal base of the gold mining industry have a big influence on the daily activities of gold mining companies in Russia.

The Union of Gold Producers of Russia have a partnership with a variety of Russian and foreign organizations, and actively participates in international bullion market events. UGPR making effort to harmonize existing legislation in the field of subsoil use and regulation. UGPR is lobbing the interests of individual member-companies of UGPR and at the same time actively participates in creating of a favourable legislation environment for all gold mining companies of the country.

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 specialized statistical data of the production and consumption of gold, silver, platinum group metals and diamonds in Russia, which are 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.