In January-September the enterprises of Kyrgyzaltyn produced 205.8 kg of gold in the alloy and in the cathode deposit, the press service of the company reported. According to it, 157.1 kg of gold were produced at Makmal. The forecast indicator was fulfilled by 95.6%. But in this case, compared to the same period last year,…
“We are preparing in 2018 to create a joint venture at Makmal,” Almaz Alimbekov, Chairman of the Board of Kyrgyzaltyn OJSC, said at a meeting of the Committee on Fuel and Energy Complex and Subsoil Use of the Parliament. According to him, now the deposit is unprofitable because of old equipment, technologies and depletion of…
In 2018 the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, intends to start developing gold deposits. According to the head of the LPR Igor Plotnitsky, this will be an important step to improve the republic’s economy. “We’ll try mining our own gold. The enterprise will not be too profitable, but…
In January-September Kinross Gold produced 13.535 tons of precious metals (435.15 thousand troy ounces in gold equivalent), down by 21.5% YoY. In particular, in Q3 output decreased by 18%, to 4.534 tons (145.76 thousand ounces), which was explained by the scheduled drop of gold contents in ore. In January-September the company sold 13.545 tons of…
In January-October Magadan region produced 29.1 tons of gold, up by 16.5% YoY. In particular, 12.1 tons of ore gold and 17 tons of alluvial gold, up by 31% and by 8% YoY respectively. The main contributors in the region were Pavlik (5.2 tons of gold) and Susumanzoloto enterprises (5 tons). This year the region…
Gold production in Russia’s northern Chukotka Autonomous District decreased by 12% YoY, to almost 22 tons and silver output fell by 20%, to 110.3 tons in January-October because of contraction of gold production at the Kupol, Dvoinoye, and Valunistoye fields, the regional government said in a statement on November 10. Placer gold output grew by…
A gold-bearing deposit with the reserves of some 100 tons has been found on the territory of Dagestan. The auction for the deposit will be held in 2018. The prospects of the Kurush ore node were confirmed in 2007-2010. In 2014 the Federal budget gave 150 million rubles for prospecting work in the Dagestani Mountains.…
The deputies of the Parliament didn’t support the introduction of customs duties on the export of gold ore. The decision was made on November 9 at a meeting of the Parliament. It was suggested that the rates of export customs duties on ore and concentrates of precious metals should be approved by the government at…