Russian geological exploration company Rosgeo, also known as Rusgeology, has offered to explore the Sukhoi Log gold deposit further to increase its reserves of inferred resources before selling. Anton Sergeyev, aide to Rosgeo’s CEO, reported that the company did not send any proposals on the Sukhoi Log to the government. Representatives of the Natural Resources…
U.K.-registered Petropavlovsk Plc, which operates in Russia, has suspended mining of the Andreyevskoye gold field in the Amur region due to an early severe frost, the company said in a statement. “Earlier flooding and now abnormally low temperatures, which fell from zero to 40 degrees Celsius led to extensive frosts”, the statement said. “A subsequent…
In 2016 Russia plans to produce 297 tons of gold, up by 1.2% YoY. Last year Russia produced 293.4 tons of gold, up by 2% YoY In January-September gold output went up by 0.4% YoY, to 219.25 tons. (Ukrainian metal)
The State committee of industry, energy and subsurface resources management plans to hold an auction on the goldfield Irisay on December 19. The starting price of the license for the object is 2.8 million soms ($40.12 thousand). The projected gold reserves are 13180 kg. (Ukrainian metal)
China’s Zhaojin Mining Industry and Zijin Mining Group are taking part in talks to buy up to 25% in Russia’s largest gold producer Polyus for $2 billion. Zhaojin is considering buying the stake jointly with China’s Fosun. A Qatari investor is also interested in buying into Polyus, sources said. Suleiman Kerimov, the majority shareholder of…
Susumanzoloto board of directors has elected the chief technician and acting general director Alexander Chugunov CEO of the company. Chugunov has been appointed for 5 years. Susumanzoloto is among top-10 gold producers in Russia. In 2015 the company and its subsidiaries mined 4234.4 kg of gold, up by 6.58% YOY. This year it plans to…
In January-October Yakutia mined 21 tons of gold, down by 8.7% YoY. The output drop is explained by the late start of the 2016-industrial season. Some companies could not even start operating. In 2015 Yakutia mined 25.08 tons of gold, up by 5.2% YoY. This year Yakutia is expected to produce 22 tons of gold.…
In January-October Seligdar mined 3.745 tons of gold, up by 31.5% YoY. In October gold output totaled 644 kg against the target of 573 kg. The 10-months result is the highest record in the company’s 41-year history. Seligdar occupies the 10th place among Russian gold-mining companies. (Ukrainian metal)
