MirBlagMet LLC has set its output target for this year on the level of 90 kg of alluvial gold. The company is developing deposits in Amur region. In particular, the gold is extracted at the Bom River and the Dugda River. Sand washing will begin in late May. In 2020, the company extracted 84.5 kg…
Goldregion LLC, developing alluvial gold deposits in Amur region, intends to extract 80 kg of gold this year. The company owns a license to develop the Malaya Gelenka deposit and is prospecting at the Asmakan site. Sand washing will start in late May – early June. Last year, the company extracted 77 kg of gold.…
In 2020, VTB provided 2.5 billion rubles to gold extractors of Yakutia, up by 2% YoY. The volume of precious metals bought in Yakutia grew by 9%, to over 4 tons, including 3.7 tons of gold (+4%) and 0.3 tons of silver (+125%). “In the corona-stricken year of 2020, the prices of gold and other…
Polevaya LLC, developing alluvial gold deposits in Magadan region, intends to extract 400 kg this year. The company will process 1.9 million cubic meters of sand. The alluvial season will start on May 15. Last year, the company extracted 380 kg of gold. (Ukrainian metal)
In January, Russia produced 18.92 tons of gold, down by 1 ton YoY. Ore gold output amounted to 15.56 tons, down from 16.12 tons. Amur region demonstrated the largest drop – by 45.9%. Krasnoyarsk region increased output by 6%, to 3.8 tons, and Chukotka by 13%, to 1.8 tons. Magadan region decreased output by 3.2%,…
Uzbekistan has discovered a new deposit with 133 tons of gold reserves, the State Committee for Geology and Mineral Resources reports. According to Asror Rustamov, head of department at the Committee, several new deposits were registered throughout the republic in 2020. Among them, the Chukurkuduk deposit with 133 tons of gold. Another deposit with estimated…
Uzbekistan has sold 687 tons of gold over the past decade, the Central Bank reports. Some 100 tons of gold were exported in 2020. The lowest amount of gold (10 tons) was sold in 2012, with the maximum amount in 2019 (110 tons). Gold prices have also changed during this period. While an ounce of…
This year, Zheltuginskaya Mining and Ore Company LLC, a part of Kurilgeo LLC, will invest 2.251 billion rubles in the development of the Klyuchevskoye gold deposit tailings in Zabaikalye region. Capital expenditures will amount to 2.111 billion rubles, with the rest to be spent on operational and financial activities. The company has started carrying out…
The Far Eastern District Department on Subsoil Use (Dalnedra) has announced three auctions to prospect for gold in the Republic of Buryatia, Primorye region and Chukotka Autonomous District. Work at each site must be carried in three stages until the end of 2023. The combined cost of the auctions is 853.05 million rubles. The first…
This year, Dikt LLC intends to extract around 100 kg of gold at the Bolshoy Orel site in Amur region. Preparation work began on March 10. Alluvial season will start until May 1. Some 30 employees will work at the site with 9 bulldozers and 3 excavators. Last year, the output was 100 kg of…
Official launch of a gold processing plant took place at Jerooy mine on March 17. The Presidents of Kyrgyzstan Sadyr Japarov and Russia Vladimir Putin, as well as the head of the Alliance Group Musa Bazhaev and the Chairman of the Board of VTB Bank Andrey Kostin participated in the ceremony. The leader of Russia…
In January-February, Magadan region extracted 4.7 tons of gold, up by 0.4 tons YoY. Silver output amounted to 92.2 tons. Alluvial season will begin in late April. Tenkinskiy city district yielded the most gold – 3.4 tons, while Omsukchansk district – 86.5 tons of silver. (Ukrainian metal)
In January, Russia, according to preliminary data of the Federal Customs Service, exported 13.7 tons of gold valued at $812 million, up by 48% YoY, but down by 38% MoM. The main customer was the United Kingdom – 13 tons at $772 million. Last year, gold exports amounted to 320.2 tons, up 2.6-fold YoY. (Ukrainian…
In 2020, Armenia exported 5670 kg of gold, down by 2.7% YoY. At the same time, according to the Customs Service, revenue grew by 14.3%, to $255.8 million. The main customers were Switzerland (50%), India (30.4%) and UAE (19.4%). Last year, Armenia imported 446.9 kg of gold, down by 82.2%, valued at $22.2 million, down…
The Department of Subsoil Use of the Republic of Sakha (Yakutia) has announced three competitions for gold prospecting. The combined cost of the three tenders is 866 million rubles. Prospecting work will be carried out in three districts. In particular, the expected reserves of the Olekminskiy district on the territory of 104.72 square kilometers are…
Muruntau, located in Navoi region, has been affirmed as the world’s biggest mine, according to a rating compiled by the Kitco analytical center. When compiling the list, experts used official data from companies and rough estimates of mines that kept their data confidential. “The Muruntau mining complex, located in Uzbekistan and consisting of open-pit mine…
In January, Amur region produced 1090.3 kg of gold, down by 23% YoY. Five companies operate in the region. Petropavlovsk decreased output by 27% and Priisk Solovievskiy – by 34%, while Berezitoviy Mine increased by 19%. Alluvial season will begin in May. Last year, 65 enterprises operated at alluvial sites. This year, the region intends…