The President of Uzbekistan has approved a feasibility study of the investment project entitled as “”Muruntau” open pit mining (Priority 5) Stage 1″. The project will ensure the replenishment of the retiring reserves of gold ore deposits within the boundaries of Priority 4 of the Muruntau open-pit mine and the loading of the production facilities…
Faroz has received a license to prospect and develop gold-ore and antimony deposits in Sogdiy region. The license for the Ukobkhon gold deposits and Pakhndar antimony deposits is valid until 2022. The company has been prospecting and developing Tajikistan subsoil for a number of years now. In particular, it has received the right to use…
In January-October Irkutsk region extracted 21635 kg of gold, up by 9.2% YoY. This year 30 enterprises are extracting gold in the region. Ore gold accounted for 11291 kg, and alluvial gold – for 10344 kg. Alluvial gold output remained unchanged YoY, while ore gold extraction grew by 19%. This year the region intends to…
Since the start of the washing season, the Baldzha team, developing alluvial gold sites in Zabaikalye region, has obtained 690 kg of the precious metal. According to the regional ministry of environment, the annual quota was set at 300 kg of gold. Thus, the plan has been exceeded 2.3 times. By the end of the…
Mangaseia Mining LLC, developing gold ore deposits in Zabaikalye region, in January-September obtained 19.15 thousand ounces of gold, up by 1.6% YoY. In 3 quarters the Kochkovskoye deposits yielded 4.79 thousand ounces of gold, including 3.67 thousand ounces of ore gold and 1.12 thousand ounces of alluvial gold. Savkinskoye deposits decreased output by 23.8%, to…
The Central Bank of Azerbaijan (CBA) has received for storage 400.2 kilograms (12,865.2 troy ounces) of gold from Switzerland, the Ministry of Finance of Azerbaijan reported. The gold mined at the Gadabay deposit, after being refined in Geneva, was handed to the CBA to be deposited by the State Service for Controlling Precious Metals and…
“As soon as we receive official notification about denial of permission to pledge a license, we will make an administrative complaint to the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, stating our position on this issue,” said Director of Alliance Altyn LLC Mikhail Shubin. According to him, a collateral is needed all…
The Russian central bank bought about 92 tons of gold in July-September, a quarterly record for the country, which is now selling dollar-denominated assets actively, the World Gold Council said in a report on November 2. Russia’s gold reserves exceeded 2,000 tons for the first time ever and now account for 17% of the global…