Omega LLC has finished the gold washing season of 2018. The result was 320 kg of alluvial gold, with the target at 304 kg. The output grew by 14% YoY. The company is developing gold deposits in the Republic of Sakha (Yakutia). It has 4 licenses for Lazo, Bilir, Bolshoy Delegenyakh and the Bilir Brook…
The government of Sverdlovsk region has approved the removal of over 300 hectares of forests on the territory of Bilimbayevskoye and Nizhne-Tagilskoye forestries. The former will lose the largest part (254 ha). The sites thus retrieved will be used to extract ore gold and platinum at Kostarevskiy gold-bearing site and Rublevikskaya platinum alluvial site. (Ukrainian…
Kinross Gold intends to commission the project to develop Moroshka gold deposits in Chukotka Autonomous District by the end of the year. At present the construction works are nearing their end at the site. Ore mining will start in Q4. The deposits will be in development in 2019-2020. After the mine is commissioned the annual…
The department on subsoil use in Central-Siberian district has declared Zoloto Ynykchana LLC the winner of the auction to prospect and develop an alluvial gold site in Irkutsk region. With the initial price of 79 thousand rubles the company has offered 114.968 million rubles, or 1.46 times more. Another license – for alluvial gold site…
In January-August Electrum plus LLC, a part of Susumanzoloto, developing the Vetrenskoye deposits, extracted 250 kg of gold, having processed 108 thousand tons of ore. The output has slightly decreased compared with January-August 2017 mostly due to the drop of average gold contents in ore. By the end of the year the company intends to…
A firm, owned by the wife of the former bodyguard of ex-Kyrgyz President of Kyrgyzstan Almazbek Atambayev Erkin Mambetaliev, Aichurok Adieva, is behind illegal gold mining at Naiza field in Chatkal district. According to the Ministry of Justice, the founders of Muraz Sintez firm, which intends to extract gold in the territory of Besh-Aral nature…
The Russian Finance Ministry is considering canceling value-added tax (VAT) to help repatriate dozens of billion rubles in a move the market has been waiting for dozens of years, Deputy Minister Alexei Moiseyev declared on September 7. “The issue is only discussed, and an additional stimulus for its solution has appeared. You can already see…
Kopy Goldfields AB has started operating at two prospecting project in Irkutsk and Amur regions. In June the company started prospecting at an alluvial deposit in Amur region. The work is expected to be complete in 2020-2021. So far prospecting for gold at the site has not been carried out. Under the second project Kopy…
