Exploration and development company Chaarat Gold is planning to speed up the timeline at its Tulkubash mine in the Kyrgyz Republic following an improvement in the backdrop for miners in the country. “The improving climate in the country for mining companies has been demonstrated not only by the recent license agreement signed by the Kyrgyz…
The arbitrary court of the Altai region has dismissed the Zoloto Kuryi LLC insolvency proceedings, as the claimant – Trud LLC – has revoked its claim. In April the court granted Trud LLC the right to recover 80.5 million rubles of debts on loan from Zoloto Kuryi. In 2016 Zoloto Kuryi planned to resume gold…
The Zeyskaya Taiga LLC, which extracts alluvial gold in Amur region, has so far obtained 80 kg of gold, up from its target of 65 kg. According to the company statement, the season is expected to be completed in early October. In 2014 the company yielded 14.3 kg of gold, in 2015 – 32.2 kg,…
Ukhtageoservis LLC has suspended operations at alluvial gold sites in Komi, because it resulted in polluting water with suspensions. The company has been fined for 918 thousand rubles. Ukhtageoservis has the license to prospect for and extract alluvial gold at Dimteyelskoye, Srednekyvvozhskoye-1, Kyvvozhskoye and Srednekyvvozhskoye deposits. (Ukrainian metal)
Khakanjinskoye LLC intends to invest 500 million rubles into the Khakanjinskoye gold deposits. According to the company owner Peter Migalchan, the funds will be used to buy mining machinery and equipment and prospecting. At present the deposits yield some 9.5 thousand tons of ore per month. Additional investments will increase output to 13.5 thousand tons…
In January-August Russia increased raw and powder gold output by 8.7% YoY. According to Rosstat, in August output increased by 8.2% YoY and by 11.4% MoM. (Ukrainian metal)
Gold production on Russia’s Chukotka peninsula decreased by 12% YoY, to 17.178 tons in January-August, the regional government said in a statement. Alluvial gold output grew by 17%, to 1,822 kilograms. Silver production in the area fell by 20%, to 87.8 tons in the period. Chukotka Mining and Geological Company, a unit of Kinross Gold,…
The Yuzhural Group of Companies has sold the Darasun Mine LLC with a large discount – just for $1 million. At present the mine is not operating. UGK bought the mine in October 2007 from Highland Gold Mining Ltd for $15 million after a fire that in September 2006 claimed the lives of 25 miners.…
