President of Tajikistan Emomali Rakhmon has given start to the construction of the large gold-processing factory Talco Gold, 50% of shares of which are owned by China. The constriction will last for some 18 months. The enterprise will produce 1.5 tons of gold and 16 tons of antimony per year from 2020. With the commissioning…
The first stage of the Ozernovsky GMK mining and metallurgic plant was launched on the Kamchatka Peninsula’s gold deposit on June 25, the regional government said in a statement. “This is the largest unit developed on Kamchatka and one of the most difficult from the point of view of logistics, weather conditions, characteristics arising from…
Centerra Gold Inc. agreed with the Government of the Kyrgyz Republic to further extend the first longstop date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017, Kumtor Gold Company website says. The First Longstop Date is the date by…
Rosgeologia will carry out prospecting works within the Spokoyninsky ore node in Aldan district of the Republic of Sakha (Yakutia). According to the tender documents, the enterprise will have to investigate the site with the size of 178.7 square km. Their main task is to estimate the forecast resources of R2 ore gold in the…
Russian state geological exploration company Rosgeo has won a contract to explore ore gold on the Spokoininskoye deposit in the republic of Yakutia with a bid of 160 million rubles. The works must be completed before 2021. The resource estimate is 40 tons of ore gold under the P2 category under the Russian industrial standards.…
Pavlik Gold estimates the cost of scaling up production of an ore enrichment plant at the Pavlik deposit at 15.5 billion rubles. “A significant increase of the reserves will allow us to raise capacity of the ore enrichment plant to more than 10 million tons of ore and more than 12 tons of gold per…
The proposal by Chaarat Gold to acquire Kumtor does not provide sufficient benefits to Centerra, CIBC analytics said. As the organization notes, analysis suggests that the proposal does not provide sufficient benefits to Centerra, given its future funding obligations, despite improving the geopolitical risk profile. According to the analytics, the sale of Kumtor will significantly…
In January-May Kazakhstan produced 36621 kg of raw and semi-raw gold (powder), up by 7.2% YoY. According to the Statistics Committee of the Ministry of national economy, silver output, on the other hand, dropped by 7.7%, to 410532 kg. (Ukrainian metal)
