Three gold deposits were put up for auction, the State Committee of Industry, Energy and Subsoil Use reported. Kumbel gold deposit was discovered in 1936. Its reserves estimate has never been approved. The starting price is $9,120. The auction will be held on January 24, 2018. In addition, Issyk-Ata area with a starting price of…
The State committee on geology and mineral resources has this year attracted 4 foreign investors to prospect 10 gold deposits. The agreements have been signed with B2Gold (Canada), NordGold (UK), TUMAD (Turkey) and Shindong Resources (South Korea). Gold reserves on these deposits are not revealed, but investments in prospecting could total $8 million. The agreements…
The authorities of the Zabaikalye region want to allow individual gold extraction to increase alluvial gold output from 10 to 20 kg. The relevant amendments to the various bills have already been prepared and sent to the State Duma. Individual gold extraction has been prohibited in Russia since 1954. In 1990s the authorities of the…
Kazakhaltyn Technology LLC has commissioned the gold-extracting factory at the Aksu mine. At first it is planned to obtain up to 4 tons of gold and 2 tons of silver a year. Investments totaled 30.585 billion tenge. By the end of the year Kazakhaltyn intends to have commissioned two more factories at the Zholymbet and…
Norilsk Nickel intends to have received the first gold-containing concentrate at its Bystrinsky Mining and Processing Works in late 2017. The operation of the second grinding line began on November 16 and would be finished not later than on December 10. “The construction of the processing factory has been completed in the record-short time. Now…
Susumanzoloto Mining and Processing Works has acquired 2 companies – Sever LLC in the Republic of Sakha (Yakutia) and Novy Put LLC in Magadan region. The deals were finalized in late November. Both companies specialize in alluvial gold extracting. Sever LLC licensed sites reserves are estimated at 4.5 tons of gold. This year the company…
In January-October Yakutia obtained 21.5 tons of gold, including 11.8 tons of ore gold and 9.7 tons of alluvial gold. Alluvial gold target has been outperformed by 7%. Ore gold output is slightly lagging behind, but should increase. The target for this year is 24 tons of both ore and alluvial gold. In 2011 the…
Natalka Mining and Processing Works, the main new project of Polyus, has received the first batch of Dore gold. The company is testing the new machinery. Polyus expects the project to reach full capacity by late 2018. Natalka gold-extracting factory with the capacity of 10 million tons of ore is the largest in Russia. It…
