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.…
Sininda-1 LLC, a daughter company of Seligdar, has finished restoration of the factory at the Nerundinskoye deposits in the republic of Buryatia. The first 600 g of gold have been produced at the factory as of September 18. The factory will reach its full capacity of 8 thousand tons of ore per month (100 thousand…
As of today Magadan region has obtained over 21 tons of precious metals (gold as well as silver, calculated into gold), up by 3 tons YoY. Alluvial share is 12 tons, and ore share – 9 tons. This year the region has to provide 31 tons of precious metals. (Ukrainian metal)
In January-August Azerbaijan produced 3934.5 kg of gold, up 3-fold YoY. According to the State Statistics Committee, in August gold output totaled 329.5 kg. In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15% YoY. At present Azerbaijan mines gold and silver at two deposits – Kedabek and Gosha – within the production sharing…
In January-August Zabaikalye region obtained 8013 kg of gold, including 5682 of alluvial gold and 2331 kg of ore gold. Silver output totaled 35 tons. Gold output increased by 2.2% YoY. In January-August 2016 the region yielded 7835 kg of gold. This year the region intends to mine some 12250 kg of gold against 12069…