Since the start of the gold-harvesting season the Alexandrovskaya-1 LLC has obtained 94 kg of gold at its sites in Amur region. This year the company operates at the Jalon and Juvaskit deposits. Sand washing is underway. This year the company plans to obtain 100 kg of gold. Last year Alexandrovskaya-1 operated at the Juvaskit,…
The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan announced the holding of auctions. Issyk-Ata field with a starting price of $26,160 is put up for auction. A large part of the area (up to 60%) is covered with glacial deposits of considerable thickness. The increased gold content is caused by the presence…
Akim of North-Kazakhstan region Kumar Aksakalov paid a working visit to the Yesil district. During the visit, Kumar Aksakalov familiarized himself with the work of Aulie Gold Mining LLP. The Russian company has been mining gold-bearing ore since 2015. And it plans to increase production from 130 thousand to 600 thousand tons by 2018. The…
Russian gold output increased by 5.93% YoY, to 122.3 tons in January-June, the Finance Ministry said in a statement on October 4 citing data on supplies to gold refineries. Mined gold output rose by 5.48%, to 96.3 tons in the period, while by-product gold output increased by 15.07%, to 8.4 tons, and gold scrap production…
Personnel reshuffle took place at Kumtor. The Vice Presidents for finance, procurement, risk management, as well as the manager of the supply department left their offices. Thanks to the recently achieved agreements, significant steps have been taken between the Kyrgyz government and Kumtor Gold Company to achieve transparency and openness of the Kumtor project. The…
Berezitovy Mine LLC, a part of Nordgold, is celebrating 10 years since it has started developing the Berezitovoye deposits in Amur region. So far the company has mined 19.8 million tons of ore, producing over 28.5 tons of gold and 33.2 tons of silver. Gold reserves at the site are estimated at 33 tons with…
The State Subsoil Service has sold 3 licenses to prospect and develop alluvial gold sites in Khabarovsk Krai. Granitny, Poni Bolshiye-Tudur and Ayan sites have been auctioned. All the licenses have been purchased by local companies. The license to develop the Granitny site with the gold reserves of 87.3 kg for 3.575 million rubles has…
Russian gold producer GV Gold is negotiating acquisition of Zoloto Kamchatki from multi-industry holding Renova Group of businessman Viktor Vekselberg. Some sources say that the deal may be announced soon. Another source said that GV Gold was exploring various M&A options and Zoloto Kamchatki was among six gold companies under consideration, including Lenzoloto, a part…
