Ship Loaded With 700 Tons Of Gold Ore Is Missing

MOSCOW (October 29, 2012)--A vessel with a nine-person crew and 700 tons of gold ore onboard is missing in stormy seas off Russia's Pacific Coast.

The ship’s crew sent a distress call on Sunday as the vessel 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 would not provide an estimate of 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.

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