Employees of Georezerv TK CJSC are on an indefinite strike, Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the workers completely stopped the work of Ak-Tyuz processing plant in connection with the non-fulfillment of the requirements for payment of wages, provision with overalls,…
The Armenian government has freed Lydian Armenia, operating at Amulsar deposits, from paying customs duties on the import of equipment and raw materials. According to the minister of economical development and investments Suren Karayan, the company has already invested some 44 billion drams ($90 million). 180 billion drams more will be invested. The cost of…
The only alluvial gold extractor in Sakhalin region – Vostok-2 – has as of June 23 obtained 13 kg of gold. The company started washing sand on May 17. The washing season will end in October. The target of this year is 75 kg of gold, up by 41% YoY, or by 22 kg. Vostok-2…
Peter Hambro has lost his bid to stop a major Russian investor from filleting the board of Petropavlovsk, the gold mining company he co-founded more than 20 years ago. Shareholders at the London-listed miner’s AGM voted 70% in favor of a resolution by Renova to oppose the reappointment of Hambro. They also voted down the…
The EBRD is deepening its efforts to promote economic inclusion in the energy sector and the extractive industries of Kazakhstan with a $ 140 million loan to Bakyrchik Mining Venture LLP for the development of the Kyzyl gold deposit. The investment will create hundreds of jobs in eastern Kazakhstan and bring the highest international standards…
In 2017-2018 Chukotka autonomous district expects a drop in gold output to 26 tons, by 11% YoY, while in 2019 it will increase by 10% to 2016, to 32 tons. Silver output is expected at 140-160 tons per year. Alluvial gold production will be on the level of 2 tons per year. In 2016 Chukotka…
In January-May Magadan region obtained 6.1 tons of ore gold and 1.4 tons of alluvial gold. Gold output in the region increased by 47% YoY, mostly due to the gold-mining company Pavlik, which in 5 months mined 1.5 tons of ore gold. This year the region intends to get 30.5 tons of gold (14.8 tons…
In January-May Azerbaijan obtained 1741.6 kg of gold, up 2.2-fold YoY. According to the State Statistics Committee, in May gold output totaled 1369.5 kg, up from 187.2 kg in May 2016. Last year Azerbaijan mined 1894.1 kg of gold, down by 15% YoY. (Ukrainian metal)
