Kyrgyzstan should not bear losses from gold processing enterprise Altyn-Ken, the member of the Association of Mining Industry Duishenbek Kamchybekov said at a round table. According to him, the share of Kyrgyzstan from gold processing at this enterprise is 40%, and 60% is the share of the Chinese company. The enterprise was built to process…
The management of the Vysochaishiy public joint-stock company has decided to distribute 6.378 billion rubles of net profit for 2016. 2.308 billion rubles will be sent to the development fund, of them 1.63 billion – for construction, 108.333 million rubles – for prospecting, and 1.793 billion – to cover losses of the previous years. 46.8…
This year Stangold LLC is working under one license only and washes for the alluvial gold at the Sirik creek valley. So far the company has obtained only 22 kg of gold, down by 2 kg YoY. The target for this year is 50 kg of gold. But the company expects to get up to…
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, targets to produce up to 72,000 gold equivalent ounces in 2017, said the company’s CEO Reza Vaziri at an annual meeting. These excellent financial and production results reflect the ongoing success of the AAM’s long-term plan of sustainability and cost reduction,…
After the strike of workers, the processing plant Ak-Tyuz has been launched, Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev reported. The plant works, but the employees have not been paid yet. Workers are ready to wait until July 10. If they don’t get their money, manufacture…
Prime Minister Sooronbai Jeenbekov got acquainted with the possibility of developing a gold deposit in the section “Kyldoo” in Toguz-Torou district of Jalal-Abad region near the State Natural Park “Saimaluu-Tash”, the information department of the government reported. According to it, the need for gold mining in the mine arose in connection with the depletion of…
The gold-mining company HERGU has so far obtained 114 kg of alluvial gold. This year the company intends to yield 700 kg, down by 40 kg YoY. In 2015 HERGU obtained 675 kg of gold. (Ukrainian metal)
Ak-Tyuz processing plant will resume its work on condition of payment of salaries to its employees, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev declared. According to him, the day before, negotiations with the management of Georezerv TK CJSC lasted till night. They promised to pay…
