In 2018 Neryungry-Metallik LLC will invest some 2 billion rubles in development and machinery modernization, up by 22% YoY. In particular, 990 million rubles will be spent to support and develop manufacture, including 570 million on capital repairs. Prospecting will receive 130 million rubles. Last year the company operated at three deposits: Gross, Tabornoye and…
Anzhu LLC has won the right to develop the alluvial gold site at the Nyamnyagindja Brook in Yakutia. ADK LLC and Poisk Zoloto also participated in the auction. The auction ended with the bid of 227.997 million rubles. The C1 reserves of the site are estimated at 1042 kg of gold. The size of the…
Dalnevostochnoye PGO, a part of the state geological holding Rosgeologia, in the new season will start prospecting works at three promising gold sites in Khabarovsk Territory. By the end of the year the prospectors will have to complete the research at the Poniysky site. The prospecting for the gold-quartz and gold-copper-porphyry ores on the site…
The investment company Arlan intends to start producing gold at the Rodionovskoye deposits in 2020. According to the company statement, in the first year of operation it is planned to mine 1 ton of gold. In 2021 output is expected to increase to 3 tons of gold, and in 2022 – to 5 tons per…
Russia’s Chukotka Autonomous District has submitted a request to the Far Eastern Development Ministry to establish a territory of accelerated development Baimskaya to raise about 336 billion rubles in three gold projects, according to a statement released on April 2. The projects Kekura, Klyon and Peschanka can attract almost 120 billion rubles in three years,…
As a result of prospecting and evaluation works new ore objects were discovered in Kazakhstan. Chairman of the Committee of Geology and Subsoil Use of the Ministry for Investment and Development Akbatyr Nadyrbaev and Chairman of the Board of Kazgeology JSC Galym Nurzhanov told about the work carried out in 2017 on geological study of…
Gold production is set to commence in the third quarter of 2018 at the Amulsar gold mine in south-central Armenia, said Lydian International Ltd, the Canadian mining group. Lydian’s management expects mining within the Amulsar project to produce 225,000 gold ounces annually over ten years and reports that it is currently completing construction of the…
This year OrionGroup+ LLC, which extracts alluvial gold in the Republic of Sakha (Yakutia), intends to get 90 kg of the precious metal. Last year the yield totaled 66 kg. The gold season will start in June. At present the company is carrying out preparation works at the site. According to the estimates, the resources…