Companies controlled by tycoon Viktor Vekselberg have sold a combined stake of 22.3% in U.K.-registered Petropavlovsk Plc, which mines gold in Russia. Bahamas-based Renova Assets sold its entire 14.7496% stake in the gold mining company, while Metkombank, controlled by Vekselberg, sold its stake of 4.4211%, and Lamesa group, a subsidiary of Vekselberg’s multi-industry holding Renova…
The Magadan region enterprises intend to obtain 37 tons of gold in 2018. “That’s an ambitious goal. This year the miners set a goal of 31 tons, but have already mined 32 tons. In March next year we will meet to set the goals for the year and see if they are realistic”, the regional…
An expert, Doctor of Technical Sciences Duyshenbek Kamchybekov, said why Kyrgyzstan should not agree to 100% share in Kumtor Gold Company CJSC. According to him, the reserves at the mine will be depleted in the near future. “Mining works will be completed by 2023. While Kumtor has been working since 1997, thanks to its money,…
Ukraine has retained the zero quota on gold, silver, precious metals wastes and scrap exports for 2018. The corresponding norm is contained in the Cabinet of Ministers decree dated December 20 and published in the state newspaper Uryadovy Courier on December 23. (Ukrainian metal)
The Russian company, RosGeoPerspectiva, will carry out geological exploration work to find copper and gold in the promising areas of Kazakhtau and Kazakhtau 1 in Navoi region of Uzbekistan. The Russian side and the State Committee of Uzbekistan for Geology and Mineral Resources have already prepared a draft agreement on geological exploration and pilot production…
Urov-Zoloto LLC, extracting gold in Zabaykalye region, has obtained 122 kg of alluvial gold this year. The output plan for the next year is 100 kg. Next year the company will not take part in new auctions. The work will be performed under the current 4 licenses. At present all the operation is stopped. The…
The head quarters of Highland Gold Mining will be moved to the business center on 4, Smolensky Boulevard. The company has already signed an agreement with KR Properties. The size of the premises near the “Park Kultury” subway station is 1.7 thousand square meters. The price of the deal is not disclosed. The move will…
In January-November gold output in Russia increased by 8.5% YoY. At the same time, according to Rosstat, silver output decreased by 0.1%. In November gold output went up by 9.7% YoY, but dropped by 17.4% MoM, while that of silver decreased by 23.7% YoY and by 18.1% MoM. Gold-containing ore mining in 11 months increased…
