Russia: Rosgeologia to evaluate gold reserves of Okino-Iyskaya territory

Irkutskgeofizika, a part of the state geological holding Rosgeologia, has started the summer field season with the prospecting works at the Okino-Iyskaya territory in Irkutsk region.

The goal of the project is to locate and evaluate R1 and R2 gold resources.

The project will be completed in Q4 2020. (Ukrainian metal)

Russia: new gold projects foreseen for Irkutsk region

Several gold-extracting projects will be carried out in Irkutsk region. Polyus intends to commission the Sukhoi Log deposits by 2026. The capacity of the gold-extracting factory is expected at 30 million tons of ore with the average gold output at 1.6 million ounces per year. Investments will total $2-2.5 billion. Meanwhile Polyus Verninskoye has received…

Russia: Krasnoye gold deposits up

Kopy Goldfields (Sweden) has published an adjusted estimate of the JORC mineral resources of the Krasnoye deposits. The licensed territory in the Irkutsk region contains two sites – Krasniy and Vostochniy. The evaluation was carried out by Micon International Co Limited on the basis of prospecting works in February. The deposit resources have increased by…

Russia: Rosgeologia to look for gold on Sakhalin

Dalnevostochnoye Manufacturing and Geological Enterprise, a part of the state geological holding Rosgeologia, intends to start prospecting for gold at the Koshkinskoye field on the island of Shumshu in the Sakhalin region. The geologists will be prospecting the site with the size of 82 square km for 3 years. The enterprise will start working in…

Tajikistan: gold output to increase annually

Tajikistan plans to annually increase gold production by 6%. The authorities intend to put new capacities into operation in order to achieve this result. “An annual increase in gold production at 6% due to the commissioning of new industrial capacities and enterprises is envisaged for the period until 2030,” said the Strategy for the Development…

Kyrgyzstan: new factory to be built at Makmal

The project of a gold processing plant in Toguz-Toro district will be drawn up after consultation with the public and carrying out explanatory work with the local residents. This was announced during a meeting of representatives of GL Makmal Developing with the head of the State Agency for Environment Protection and Forestry, Abdykalyk Rustamov. According…

Russia: UEM confirms Ural gold quality

Uralelectromed has demonstrated the highest quality of refined gold, having confirmed its international status of Good delivery.

The status has to be confirmed by LBMA members every three years.

Uralelectromed has been a member of LBMA since 2006.

For three years UEM has been producing 10.5 tons of gold per year. (Ukrainian metal)

Tajikistan: TALCO to start mining gold

TALCO Gold plans to construct a precious metals extracting and processing works in the north of Tajikistan. Construction is expected to have been completed by the end of 2019. Around 1 thousand jobs will be created. TALCOo Gold is a part of Talco. The latter received the gold deposits on the territory of Aynin district…

Russia: gold output up in January-April 2018

In January-April Russia increased raw and semi-raw gold, or in powder form output by 2% YoY.

According to Rosstat, in April gold output grew by 14.1% YoY.

At the same time, gold manufacture dropped by 8.3% MoM. (Ukrainian metal)