The auction to develop ore gold at Antrop-Upshinskoye deposits in Altai scheduled for June 8 has been declared not taken place, as no participants arrived. The forecast reserves of the deposits are 2 tons of gold. The license for a 25-year development of the site was put on sale at the initial price of 1.5…
In January-May Irkutsk region obtained 5431.42 kg of gold, with 1126.58 kg being alluvial gold, and the rest (4304.84 kg) ore gold. In January-April the region yielded 3704 kg of gold. This year the target is 21277 kg of gold, down by 2 tons YoY. (Ukrainian metal)
The Lenzoloto board of directors, a part of Polyus, suggests its shareholders to spend 11.884 million rubles to pay dividends for 2016. It is suggested to pay 34.18 rubles per premium share and pay nothing for ordinary shares. The registry of shareholders entitled to dividends will be closed on July 11. The final decision on…
The court has denied the request of the State Geology Service to cancel the Carpathian Ore Company license for the Muzhievskoye gold deposits in Zakarpatye region. The company received the license to mine gold in 2012. In 2014 the prosecutors found violations in the operation of the company and the service stopped the license and…
In January-April Russia produced 68.68 tons of gold, up from 67.75 in 2017. In particular, 52.05 tons of produced gold (50.68 tons), 5.87 tons of accompanying gold (4.81 tons) and 10.76 tons of secondary gold (12.26 tons). Silver output in January-April totaled 302.22 tons (313.32 tons), including 136.77 tons of produced silver (157.08 tons), 106.16…
Multi-industry holding Renova Group of businessman Viktor Vekselberg will endeavor to obtain control over Petropavlovsk Plc, which operates gold deposits in Russia and in which Renova holds a 22.34% share stake and a 6.88% convertible bond stake. Renova and friendly funds Sothic Capital Management and M&G Debt Opportunities, part of Prudential, jointly holding about 40%…
The governor of Magadan region Vladimir Pecheny suggests creating an exchange on nugget trade in the region. “We want to create a nugget exchange in Magadan, like the diamond exchange in Yakutia”, he said during the Petersburg Economic Forum. The region is the leader in alluvial gold extraction in Russia, having obtained 16 tons last…
Belarus is ready to help Sudan and Egypt with extracting gold and other mineral resources, Belarusian Natural Resources and Environmental Protection Minister Andrei Kovkhuto declared. The relevant matters were discussed as a delegation of the Belarusian Natural Resources and Environmental Protection Ministry visited Sudan and Egypt. Among other things the sides discussed the possibility of…
