In 2017 Susumanzoloto received 1.816 billion rubles of net profits, down by 28.4% YoY. Revenue grew by 29.9%, to 12.925 billion rubles. Sales profit dropped by 15%, to 2.474 billion rubles. Last year the company sold 5415 kg of gold, up by 47.1% YoY. As of December 2017 Susumanzoloto had 49 licenses. Its estimated C1…
The board of directors of Asian-Pacific Bank has approved the sale of a 9.11% stake in U.K.-registered Petropavlovsk Plc, which mines gold in Russia. In December 2017 companies controlled by tycoon Viktor Vekselberg sold a combined stake of 22.3% in Petropavlovsk and 2020 bonds that might be converted into a 6.83% stake in the company…
If in the near future the gold extracting company in Toguz-Toro district does not suspend its activities, the residents will again hold a rally, the Chairman of the rural council in Atay village, Ulanbek Sheripov, declared at a press conference on March 5. According to him, all the locals oppose the work of the new…
The physical volume of deals with gold on the Moscow Exchange fell by 5.3% YoY, to 5.3 tons in January-February, the exchange said in a statement. The amount of deals with silver surged to 2,461 kilograms in the period from 140 kilograms in the same period of 2017. In monetary terms, gold and silver deals…
“The State Committee for Industry, Energy and Subsoil Use recommended GL Makmal Developing Company to conduct an environmental impact assessment of the project on construction of a gold recovery plant and hold public hearings,” deputy head of the committee Suyuntbek Alikeyev reported. According to him, the Chinese company Xinghai LTD developed the factory project on…
Residents of Toguz-Toro district of Jalal-Abad region again protest against the construction of a gold recovery plant. About a hundred locals reportedly broke into the territory of GL Makmal Developing company and broke the fence. This is the second protest of the local residents. After the first, construction of the gold recovery plant was suspended.…
There are no radioactive elements or heavy metals in the industrial wastes of the factory in Ak-Tyuz village, the concentrating factory Geo Reserve CJSC reported. According to its data, the factory processes gold and silver from Kuranjaylyau deposit. “There are no uranium-containing or other radioactive elements, nor heavy metals in the industrial waste of the…
In January the gold-ore company Pavlik mined 550 kg of gold at the Pavlik deposits in Magadan region. According to the prospecting director Victor Troitskiy, the gold-extracting factory capacity is 8 tons of gold per year. In 2017 it produced 6.5 tons of gold. As the factory is already operating at full capacity, this year…
