Russia: Kundumi development approved

The State Expertise Office of Russia has approved design documentation of the first stage of the Kundumi deposit development in Khabarovsk region. The deposit will be developed by Okhta Mining and Geological Company. During the first stage, around 200 thousand tons of ore will be extracted each year. In Q1, the company extracted 103.8 thousand…

Russia: Retkon extracts 93 kg of gold

Since the start of the alluvial gold season, Retkon has extracted 92.6 kg of gold in Irkutsk region, down by 35% YoY. In May-June 2020, the company yielded 142.5 kg of alluvial gold. The reason of the decrease has not been revealed. This year, the company intends to extract up to 600 kg of gold.…

Russia: Lena extracts 71.4 kg of gold

Since the start of the alluvial gold season, the Lena miners team LLC has extracted 71.4 kg of gold in Irkutsk region, down by 9% YoY. Work started in May. This year, the company intends to extract 200 kg of alluvial gold. While last year the target was 355 kg, Lena extracted 350.3 kg. Sand…

Ukraine: Onur buys 37.5% in gold extractor

Turkish Onur Taahhut Tasimacilik Insaat Ticaret Ve Sanayi Anonim Sirketi bought a 37.5% share in Spys Ukraina LLC, which in December 2020 won a tender to develop the Zheltye Vody gold-bearing field in Dniepropetrovsk region. Now all the owners of the company are either registered in Turkey or are Turkish citizens. (Ukrainian metal) Spys Ukraina…