Kyrgyzstan: Kumtor produces 12.5 tons of gold

Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in 9 months of 2017. KGC produced 404,584 ounces or 12,583.98 kg of gold, Public Relations Department of Kumtor Gold Company reported. During the third quarter of 2017, Kumtor produced 138,561 ounces of gold compared to 166,030 ounces of gold…

Kyrgyzstan: Kumtor workers call MPs terrorists

The members of the Parliament did not like being called terrorists because of Kumtor, Saidulla Nyshanov said at a session of the Parliament on November 16. The deputies discussed scandalous amendments to the Water Code permitting work on Davydov and Lysyi glaciers. Deputies also visited Kumtor, as well as representatives of the government and the…

Kazakhstan: Japanese corporations eye mining sector

Japanese corporations are interested in joint projects with Kazakhstan on geological exploration of gold and copper, Kazakh Kazgeologiya said in a message. During the Japan-Kazakhstan business forum entitled “Investment opportunities in the regions of Kazakhstan” in Tokyo, the sides discussed investment projects in the mining and metallurgy, energy, chemical, and agrarian industries. Vice-Minister for Investments…

Ukraine: Lugansk terrorists to mine gold

In 2018 the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, intends to start developing gold deposits. According to the head of the LPR Igor Plotnitsky, this will be an important step to improve the republic’s economy. “We’ll try mining our own gold. The enterprise will not be too profitable, but…

Russia: Dagestan finds 100-ton gold deposits

A gold-bearing deposit with the reserves of some 100 tons has been found on the territory of Dagestan. The auction for the deposit will be held in 2018. The prospects of the Kurush ore node were confirmed in 2007-2010. In 2014 the Federal budget gave 150 million rubles for prospecting work in the Dagestani Mountains.…

Ukraine: Avellana Gold gets back earlier withdrawn license for polymetal mining

The Prosecutor General’s Office of Ukraine has returned to the U.S.-based Avellana Gold international mining company the previously withdrawn special permit for the development of Muzhievo polymetallic ore deposit in Zakarpattia, the west of Ukraine, as well as confidential geological information about the field, according to the company’s press service. “The General Prosecutor Office has…

Kazakhstan: gold output up in January-September 2017

In January-September Kazakhstan produced 62697 kg of raw gold, up by 16.3% YoY.

According to the Statistics Committee of the Ministry of the national economy, raw silver output totaled 792535 kg, down by 12.5% YoY. (Ukrainian metal)

Kyrgyzstan: 2 gold deposits put up for auction

Two gold deposits are put up for auction in Kyrgyzstan, the State Committee of Industry, Energy and Subsoil Use reported. Forecast resources of Kyzyl-Tash deposit in Jalal-Abad region of Ala-Buka district of P1 category are 3.2 tons with a gold content of 5.04 grams per ton. The starting price is $62,200. Ishakulidinskoye field in Jalal-Abad…

Russia: gold output up in September 2017

Russian gold bar production rose by 5.4% YoY but fell by 6.1% MoM in September, the Federal State Statistics Service said. In January-September, gold bar production increased by 8.1% YoY. In 2016, Russia’s gold bar output fell by 7.8%. Previously, absolute figures on the production of non-ferrous metals were a state secret. The figures are…