The London Bullion Market Association (LBMA) has removed Kyrgyzaltyn OJSC from the LBMA Good Delivery List. The Kyrgyz company is not included in the list of reliable suppliers that could negatively affect the activities of the refinery, the cost of gold and the investment attractiveness of Kyrgyzstan. Executive Director of the International Business Council (IBC)…
In January-August, Magadan region yielded 33.41 tons of gold, up by 4% YoY. Ore gold accounted for 20.94 tons (+6%) and alluvial gold for 12.47 tons (+2%). Silver output amounted to 407 tons. This year, the region intends to produce 48 tons of gold and 580 tons of silver. Last year, the results were 49.14…
Export of gold has decreased 2.7-fold YoY since the beginning of 2021, the National Statistical Committee of Kyrgyzstan reports. According to the report of the committee’s specialists, the volume of export deliveries in January-July amounted to $973.5 million, down by 16.5%. Export of ores and concentrates of precious metals decreased by 22.7%. (24.kg/Ukrainian metal)
A company called Hun-Banyaszat Kutatasi, Fejlesztesi es Innovacios Kft. made some calculations and plans regarding opening a mine and sent them to the Hungarian Mining and Geological Service at the end of last October. This would be a new business venture, as the Hungarian company was registered in 2018, and originally had iron ore mining…
In January-June, Russia produced 141.422 tons of gold (extracted, mined and received from scrap and waste processing as well as in concentrate), down by 3.5% YoY. Overall primary gold output (from mineral materials) dropped by 5.34%, to 125.942 tons. In particular, extracted gold output decreased by 3.2%, to 112.612 tons, by-products manufacture – by 10.36%,…
Gold production in Russia may increase by 0.7% YoY, to 366 tons in 2021, and silver production may amount to 1,450 tons, Sergei Kashuba, chairman of the Union of Gold Producers of Russia, has announced. “Production of primary gold will increase by about 1%, to 338 tons, plus secondary production, according to our expert estimate,…
In January-August, Amur region yielded 13.191 tons of gold, down by 16% YoY. Ore gold accounted for 8.81 tons and alluvial gold – for 4.37 tons. The decrease is due to a drop in output at three Petropavlovsk mines. In particular, Pokrovskiy mine produced 2,068 kg of gold, down by 17%, Malomyrskiy Mine LLC –…
Russia’s gold exports decreased by 60.6% YoY, to 120.405 tons, in January-June, the Assay Chamber at the Finance Ministry, responsible for state control over exports and imports of precious metals and stones, said in a report. Silver exports decreased by 42.5%, to 364.027 tons. (Prime/Ukrainian metal)