Kyrgyzstan: Jerui development postponed

Russian Platinum has postponed the start of the Jerui deposits development for 2 years. According to the license, this year a gold-extracting factory should have started operation at the site. But Russian Platinum just starts preparation works. For the delay the company will be fined $100 thousand each month. Jerui was supposed to yield some…

Kyrgyzstan: 2 gold deposits put up for auction

The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan announced the holding of auctions. Issyk-Ata field with a starting price of $26,160 is put up for auction. A large part of the area (up to 60%) is covered with glacial deposits of considerable thickness. The increased gold content is caused by the presence…

Kazakhstan: NKR to ramp up gold production

Akim of North-Kazakhstan region Kumar Aksakalov paid a working visit to the Yesil district. During the visit, Kumar Aksakalov familiarized himself with the work of Aulie Gold Mining LLP. The Russian company has been mining gold-bearing ore since 2015. And it plans to increase production from 130 thousand to 600 thousand tons by 2018. The…

Russia: gold output up in H1 2017

Russian gold output increased by 5.93% YoY, to 122.3 tons in January-June, the Finance Ministry said in a statement on October 4 citing data on supplies to gold refineries. Mined gold output rose by 5.48%, to 96.3 tons in the period, while by-product gold output increased by 15.07%, to 8.4 tons, and gold scrap production…

Kyrgyzstan: three vice presidents leave Kumtor

Personnel reshuffle took place at Kumtor. The Vice Presidents for finance, procurement, risk management, as well as the manager of the supply department left their offices. Thanks to the recently achieved agreements, significant steps have been taken between the Kyrgyz government and Kumtor Gold Company to achieve transparency and openness of the Kumtor project. The…

Russia: Zoloto Kuryi stays solvent

The arbitrary court of the Altai region has dismissed the Zoloto Kuryi LLC insolvency proceedings, as the claimant – Trud LLC – has revoked its claim. In April the court granted Trud LLC the right to recover 80.5 million rubles of debts on loan from Zoloto Kuryi. In 2016 Zoloto Kuryi planned to resume gold…

Russia: Ukhtageoservis suspends gold harvesting in Komi

Ukhtageoservis LLC has suspended operations at alluvial gold sites in Komi, because it resulted in polluting water with suspensions.

The company has been fined for 918 thousand rubles.

Ukhtageoservis has the license to prospect for and extract alluvial gold at Dimteyelskoye, Srednekyvvozhskoye-1, Kyvvozhskoye and Srednekyvvozhskoye deposits. (Ukrainian metal)

Russia: gold output up in January-August 2017

In January-August Russia increased raw and powder gold output by 8.7% YoY.

According to Rosstat, in August output increased by 8.2% YoY and by 11.4% MoM. (Ukrainian metal)

Russia: Magadan region yields 21 tons of precious metals

As of today Magadan region has obtained over 21 tons of precious metals (gold as well as silver, calculated into gold), up by 3 tons YoY.

Alluvial share is 12 tons, and ore share – 9 tons.

This year the region has to provide 31 tons of precious metals. (Ukrainian metal)