This year Polyus Aldan intends to produce over 6 tons of gold. At present the company ore gold output accounts for 37% of the total output in Yakutia. In 2017 Kuranakhskaya gold-extracting factory processed over 4.6 million tons of ore and produced 171.5 thousand ounces of gold. In 2016 the output was 159.7 thousand ounces.…
Kopy Goldfields AB decided to sell rights to develop Kopylovsky project deposits. The deal estimated at $6 million is expected to be finalized in Q3. The Kopylovsky project comprises 4 deposits in Irkutsk region: Kopylovskoye, East field, as well as Pravovesenniy and Takhtykan sites. The licenses to develop the deposits are owned by Kopy Goldfields…
In 10 year Kazakhstan has invested 1.4 trillion tenge in the development of gold deposits. According to the Committee on geology and subsoil use, the state balance of natural resources has 343 gold deposits. The country occupies the 14th place in the world on confirmed and industrial reserves of gold. Last year Kazakhstan produced 85…
Rise LLC, which develops alluvial gold deposits in Magadan region, has already obtained 150 kg of precious metal since the start of the washing season. This year operations started in the first half of May. The company is operating at two sites on the Pravaya Vizualnaya brook and the Nelgyu River. This season it is…
Rotek has started assembling the transformation substation at the Kekura gold deposits in Chukotka Autonomous District ahead of schedule. The commissioning of the power machinery is scheduled for late 2018. The transformer substation will be providing the gold-extracting enterprise with electricity for 30 years. Kekura is developed by a Highland Gold subsidiary. (Ukrainian metal)
The miners team Aleksandrovskaya-1 LLC, which extracts alluvial gold in Amur region, has already obtained 60 kg of gold this year. The company is operating at two deposits – Djalon and Djuvaskit. This year the team plans to obtain 180 kg of alluvial gold, up by 75% YoY. (Ukrainian metal)
The Government of Kyrgyzstan draws up a new agreement on Kumtor, the Speaker of the Parliament Dastan Dzhumabekov told the press conference on the results of the 4th session of the Parliament. According to him, the government intends to revise the agreement with Centerra Gold, signed in autumn 2017 by the Cabinet of Ministers of…
Kyrgyzaltyn OJSC conducted preliminary public consultations on extending the life of Makmalzoloto mine and attracting of investors. The consultations took place in 13 villages of five rural areas of Jalal-Abad region within a week. “The main task is to extend the life of Makmalzoloto combine and to attract investors by an open competitive selection. We…
