Investments into the Sukhoi Log gold deposit are estimated at 100 billion rubles, with the precious metal yield at 60 tons per year. “Sukhoi Log has the largest deposits of gold in Russia. 56-60 tons of gold could be mined there. Now Irkutsk region yields 22 tons of gold, that is the 6th result across…
Mine named after Matrosov, a part of Polyus, has started assembly works at the new factory of the Natalka gold deposits in Magadan region. The test of the complex will begin in summer. The mine will start working in late 2017. That’s when the company will receive the first gold. This year the output will…
The State Committee for Industry, Energy and Subsoil Use has canceled a tender for the gold deposit because of the fact that it is located in a natural reserve, the press service of the committee reported. A violation of the law was revealed in preparation for the auction. The field is located on the territory…
In 2016 the four works of Petropavlovsk Plc in Amur region produced 416.3 thousand ounces of gold, down by 17.4% YoY. In particular, Pioneer works decreased output by 39%, to 141.9 thousands ounces. Pokrovsky mine yielded 37.8 thousand ounces of gold, down from 56 thousand ounces in 2015. Malomyr mine kept the gold output almost…
Kumtor company increased salaries of its workers by 10% from January 1, and it will be increased by another 5% from January 1, 2018, the chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the company’s management and personnel signed a collective agreement for the next two years during…
SL Zoloto, a joint venture of state industrial corporation Rostec and gold producer Polyus, has won an auction to develop the Sukhoi Log gold deposit in the Irkutsk region having paid 9.4 billion rubles, Natural Resources and Environment Minister Sergei Donskoi reported. “SL Zoloto has become a winner of the auction for the largest gold…
The gold-processing works of Kyrgyzaltyn received 132.5 million soms of net profit in 2016, up by 84.1 million soms YoY. In 2012-2015 the average profit of the works was around 80 million soms. Output at the works increased last year by 25.4% YoY. (Ukrainian metal)
In 2016 refined gold production at Nord Gold totaled 868.8 thousand gold equivalent ounces, in line with the full year production guidance range of 840-880 thousand ounces. Doré production was 870.4 thousand ounces, down by 6% YoY (924.1 thousand ounces), mainly due to the discontinuation of production at Aprelkovo, and limited access in H2 2016…
