In January-March, Uzbekistan exported $3.06 billion worth of gold, up by 1.4% YoY. In the first quarter of 2022, foreign supplies reached $2.4 billion, down by 17.2%. Uzbekistan supplied $4.11 billion worth of gold abroad in 2022, compared to $4.1 billion in 2021. (Uzreport/Ukrainian metal)
A criminal case has been opened on the fact of illegal gold mining in Chatkal district of Kyrgyzstan, press service of the Prosecutor General’s Office reports. “It was found out that in 2021 the officials of Chatkal forestry entered into an agreement with a LLC on the lease of a land plot at Karatyube-Buzuk deposit…
During exploration work, a new gold mine was discovered in the mountains of Marjanbulak in Jizzakh region. It is estimated that the gold reserve of the new mine is more than 175 tons. Forecasts indicate that the volume of reserves at the mine could increase by 60-70 tons. (Uzreport/Ukrainian metal)
In 2022, Kazakhstan increased gold-bearing ore extraction by 19.5% YoY, to 39.4 million tons. Concentrate output dropped by 11.9%, to 455 thousand tons. Raw and semi-wrought gold manufacture grew by 13%, to 129.6 tons. In particular, refined gold production totaled 73.2 tons, up by 9.9%. In previous years the highest output was 69.8 tons. Tau-Ken…
In January-November 2022, Kazakhstan exported 4.2 tons of gold valued at $66.9 million. In tons, this is almost as much as in the whole 2021. Revenue grew by 88%. Compared with the result of 2018, in volume exports increased by 16.6% and in revenue almost 7-fold. Last year, the structure of exports changed. While in…
A large gold deposit has been discovered in Serbia. Gold content in concentrate could exceed 93%. Additional prospecting must be carried out to determine reserves. (Ukrainian metal)
The government of Azerbaijan forecasts gold output at the level of 3.104 tons in 2023. In 2024, the output is expected to grow to 3.1235 tons, in 2025 – to 3.1415 tons and in 2026 – to 3.1545 tons. Thus, in 2026 gold output will grow by 1.6% from the 2023 level. In January-November 2022,…
According to the World Gold Council, the world’s central banks increased their gold reserves by 50 tons in November 2022. The largest buyer of the month was the People’s Bank of China, which bought 32 tons of gold, followed by the Central Bank of Turkey with 19 tons. Kazakhstan and Uzbekistan became the main sellers…
In 2022, Tau-Ken Altyn refinery works situated in Astana exceeded its output target by 10%, having produced 55.6 tons of gold with the target being 50 tons. Since its launch the company has refined 249 tons of gold. The company produced gold with the purity of 99.99 in standard 12-kg ingots and granules. (Ukrainian metal)
Gold reserves in Kyrgyzstan are estimated at 856 tons and silver – 973.8 tons, the state draft concept for development of the geological and mining industry for 2023-2035 says. At least 99 alluvial gold deposits with total reserves of 7.364 tons and 59 primary deposits with total reserves of 848.636 tons are listed in the…
Following the large-scale aggression of Azerbaijan against Armenia on September 13, the operation of the Sotskiy gold mine was suspended. “The mine was out of operation for 3 days only. Now it operates at 40% of its capacity. That is, only 40% of the employees are working and their safety is ensured. But many still…
British company Anglo-Asian Mining Plc, involved in gold, silver and copper mining in Azerbaijan, has discovered a new gold deposit. A new sub-vertical gold vein, “Hasan”, was discovered to the south of the main Gosha gold mine. Work continues on the new sub-vertical deposit discovered by surface drilling. Preliminary results from the fieldwork indicate that…
In January, Chukotka Autonomous District produced 1.399 kg of gold and 6.48 tons of silver, down by 10% and by 19% YoY respectively. Only ore precious metals are being extracted now. 5 companies operate at the site. In 2021, Chukotka increased gold output by 4% YoY, to 25.32 tons. (Ukrainian metal)