An analysis by Fitch Solutions states that strong domestic demand for gold will underpin increasing gold production in Russia.

Gold reached a new all-time high of $2,069.21/oz Thursday, while gold ETF holdings continue to rise.

Water samples taken in Russia’s Arctic at the site of a wastewater dump by mining giant contained 50 times the permitted level of toxic substances, said the environmental group.

The project is a collaboration between Geothermal Engineering and Cornish Lithium.

The miner and commodities trader will focus on debt reduction.