Mining Service has purchased a Hitachi excavator to comply with the output program of the Vasilyevsky mine. The new excavator is expected to dig some 200 thousand cubic meters of rock each month, with the possible increase to 250 thousand cubic meters. Vasilyevsky mine is the gold-extracting company in Krasnoyarsk region. Its current output is…
In January-September Ksenievsky Priisk received 372.3 million rubles of net profit, down by 3% YoY. Revenue increased by 14% YoY, to 1.729 billion rubles. Sales profit reached 493.4 million rubles, up by 9%. In 9 months the company mined 800 kg of gold. (Ukrainian metal)
Russian company NGK Resurs plans to invest 2.2 billion rubles in creation of a gold production facility at the Polyanka site, which was on November 19 included in the Nikolayevsk advanced development territory in the Khabarovsk region. According to the regional government statement on November 20, NGK Resurs plans to launch the facility in 2018,…
In January-September Kyrgyzaltyn transferred over 459.51 million soms to the budget in the form of taxes and deductions, press service of the company reported. It is noted that 84.34 million soms were paid to the Social Fund and 375.17 million soms – in the form of taxes and dividends. In 2017 the company has also…
In January-October the quantity of unwrought gold extracted in Kazakhstan equaled to 70.248 kg, up by 15.5% YoY. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the reporting period the output of unwrought silver amounted to 870,911 kg, down by 12.8% YoY. (Kazinform/Ukrainian metal)
In January-October Azerbaijan produced 5107.5 kg of gold, up 3.2-fold YoY. According to the State Statistics Committee, in October gold output totaled 672.9 kg. In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15%. (Ukrainian metal)
“The Kyrgyz government has no means to clear Kumtor’s open pit, so it is necessary to develop glaciers,” Deputy Prime Minister Duishenbek Zilaliev said at a parliament meeting. According to him, if Kumtor does not work, then the glaciers will collapse into the pit. The government will have to clear it at its own expense,…
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in 9 months of 2017. KGC produced 404,584 ounces or 12,583.98 kg of gold, Public Relations Department of Kumtor Gold Company reported. During the third quarter of 2017, Kumtor produced 138,561 ounces of gold compared to 166,030 ounces of gold…