In January-September Chukotka mined 22.45 tons of gold, down by 11.52% YoY, while silver output went up by 8.7% YoY, to 125.04 tons. According to the department of industrial policy, construction and housing of the Chukotka Autonomous District, mining companies yielded 20.42 tons of gold, down by 12.3% YoY, while gravel deposits mining dropped by…
All five BRICS countries – Brazil, Russia, India, China and South Africa – have signed a memorandum of understanding on joint development of the Klyuchevskoye gold ore field in Zabaikalsky region. The agreement was signed by SUN Gold (India), China National Gold Group, Russia’s Far East Development Fund, Trans AFRICA Capital, and Brazilian investor Antonio…
Lamesa Group Holding, affiliated with Russian tycoon Viktor Vekselberg and his multi-industry holding Renova Group through Polo Company, has raised its share in U.K.-registered Petropavlovsk Plc, which operates in Russia, to 2.7448% from 1.5237%, Petropavlovsk said in a statement. Other details of the deal were not disclosed. Other affiliates of Renova Group control 14.764% in…
In January-September Magadan region mined 22.21 tons of gold and 680.08 tons of silver, up by 9.3% and down by 22.18% YoY respectively. In 2015 Kolyma companies mined 24.5 tons of gold and 1127.5 tons of silver, up by 1.5% and 17.3% YoY respectively. This year the local administration expects gold mining to reach 27…
Deputy Prime Minister Yury Trutnev has suggested the government study offering infrastructure support to the development of copper and gold fields of the Baimskaya area in Russia’s Chukotka Autonomous District, the local government said in a statement. Tycoon Roman Abramovich’s Millhouse won an auction for a 25-year license for the Baimskaya area in 2008 for…