Russia: Renova Group seeks control over Petropavlovsk

Multi-industry holding Renova Group of businessman Viktor Vekselberg will endeavor to obtain control over Petropavlovsk Plc, which operates gold deposits in Russia and in which Renova holds a 22.34% share stake and a 6.88% convertible bond stake. Renova and friendly funds Sothic Capital Management and M&G Debt Opportunities, part of Prudential, jointly holding about 40%…

Belarus to help Sudan and Egypt extract gold

Belarus is ready to help Sudan and Egypt with extracting gold and other mineral resources, Belarusian Natural Resources and Environmental Protection Minister Andrei Kovkhuto declared. The relevant matters were discussed as a delegation of the Belarusian Natural Resources and Environmental Protection Ministry visited Sudan and Egypt. Among other things the sides discussed the possibility of…

Kyrgyzstan: gold bars of Kara-Balta refinery meet international standards

Gold bars of Kara-Balta refinery meet international standards. This is confirmed by a special LBMA certificate issued to the enterprise. As the press service of Kyrgyzaltyn OJSC reported, the refining plant has successfully passed certification according to LBMA standards (London Bullion Market Association). The document confirms that, since 2016, the production at the refinery has…

Russia: Buryatzoloto earnings down in Q1 2017

In January-March Buryatzoloto, a part of Nordgold, sold 1.1 billion rubles worth of gold, down from 2.4 billion rubles in Q1 2016. The company received 734 million rubles of net losses against 147 million rubles of net income last year. According to the company statement, the decrease is connected with the fall in key output.…

Kazakhstan: gold output up in January-April 2017

In January-April Kazakhstan produced 26772 kg of raw gold, up by 24.5% YoY.

According to the Statistics Committee of the Ministry of national economy, raw silver output decreased by 10.1% YoY, to 357310 kg. (Ukrainian metal)

Russia: gold output up in January-April 2017

In January-April Russia increased output of raw gold and gold powder by 4.3% YoY.

According to the statistics, in April gold output increased by 2.3% YoY, but dropped by 25.3% MoM. (Ukrainian metal)

Russia: GV Gold to consider IPO in 2018

Russian gold producer GV Gold aims to be ready to hold an initial public offering (IPO) by spring 2018 but would not necessarily go ahead with a listing at that time, CEO German Pikhoya declared. GV Gold, a privately held firm whose shareholders include U.S. fund BlackRock, has repeatedly delayed plans for the IPO that…

Azerbaijan: gold and silver output down in January-April 2017

In January-April Azerbaijan produced 372.1 kg of gold, down by 37.7% YoY.

According to the State Statistics Committee, as of May 1 gold stocks reached 3.4 kg.

Azerbaijan also produced 109.7 kg of silver, down by 5.7% YoY. As of May 1 silver stocks were 15.9 kg. (Ukrainian metal)

Russia: Amur region yields 6 tons of gold

Gold mining companies of Amur region obtained 6.182 tons of gold in January-April. Ore gold constituted the main share. Only Priisk Solovievsky has started obtaining alluvial gold. “We see a positive dynamics this year. Gold output has increased by 1.2 tons YoY. The growth has been provided by Petropavlovsk state enterprise mines Pokrovsky, Pioneer, Malomyr…

Russia: Polyarnaya to get 270 kg of gold

The Polyarnaya artel plans to obtain 250-270 kg of alluvial gold in Chukotka this season. “We haven’t started operations yet, as the snow covers the sites, and there is no water. Sand washing will start in June. We expect the growth of output at the level of 30-50 kg”, the company chief geologist Ananiy Solomchuk…

Russia: Kolyma gold mining up in 2017

So far the gold washers of Kolyma have yielded 1.7 tons more gold then last year.

The plan for the year is 30.5 tons.

In 2016 Kolyma miners produced 27.9 tons of gold and 889.2 tons of silver, with 15.9 tons of alluvial metal, an absolute record for Russia.

Susumanzoloto yielded 4.5 tons. (Ukrainian metal)