Polymetal International plc has concluded an agreement on the increase of the share in the gold ore deposits of Veduga to 74.3% by acquiring a 31.7% share in Amikan LLC, which has the license to develop the deposits. The price is $19.7 million to be paid in Polymetal shares. The two sellers – Sibproekt LLC…
Gold output of Magadan region increased by 14.98% YoY, to 29.722 tons in January-September, a representative of the regional government’s natural resources department reported. Ore gold output rose by 34.96%, to 14.235 tons, and alluvial gold production increased by 1.2%, to 15.488 tons. Silver output fell by 7.04%, to 538.313 tons in the period. Magadan…
The subsidiary of the state concern Rosgeologia has completed its prospecting works for Q3 at the Karymshinskoe field. There the enterprise is looking for ore gold according to the state contract signed in 2017. The field is situated in the southeastern part of the Kamchatka peninsula. The completion of the contract is scheduled for late…
Russia’s Voronezh-based “Rudgormash” company will have supplied gold mining equipment worth 1 billion rubles ($ 15.1 million) to Uzbekistan by the end of this year. “This year we are fulfilling a fairly large order for the supplies to the gold mining industry of Uzbekistan, in price terms this order costs more than 1 billion rubles.…
Police officers detained a local council member in Jalal-Abad on the fact of a rally and arson of a gold extraction plant in Toguz-Toro district, Interior Ministry Department for the region reported. He was detained on suspicion of organizing riots. “Investigation is underway. The suspect was placed in a pretrial detention center. The court chose…
The Northeastern manufacturing and geological enterprise, a part of the state holding Rosgeologia, has finished designing the project of operations at the Deryas-Yuryaginskaya prospective field. There the company is looking for ore gold under the state contract concluded with the Department on subsoil use of the Far Eastern District. The size of the field is…
Alliance Altyn Company is going to put a license for development of Jerooy gold deposit in pledge in a bank to get a loan of $180 million, Daniyar Zhanykulov, head of the company’s public relations department, reported. According to him, the wording of the law on mineral resources, adopted in May, allows companies to carry…
Berezitovy Rudnik LLC, which is developing a gold ore deposit in Amur region, has increased its machinery fleet for 638 million rubles. According to the company statement, it has purchased 17 units of special machinery for the operation at its quarry. In particular, that’s 5 Caterpillar CAT-773 dump trucks with the lifting capacity of 55…