The World Bank International Centre for Settlement of Investment Disputes (ICSID) has informed Romania and Gabriel Resources that it expects to render its Award on the litigation related to the Rosia Montana gold mining project on March 8. Romania’s finance minister, Marcel Bolos, admitted that the ruling, if monetary, would certainly impact the budget deficit…
As of February 20, the Romanian authorities were not informed about the ruling expected from the World Bank’s ICSID arbitration court on the Rosia Montana gold mining project dispute with Gabriel Resources, according to a response issued by the executive. The updated value of the compensations claimed by the investor is $6.7 billion, the executive…
Kyrgyzstan exported 20.2 tons of gold in 2023, up 69-fold YoY. According to the State Statistical Committee of Kyrgyzstan, the export value amounted to $1.284 billion, up 14-fold. During this period, Kyrgyzstan exported gold to the following countries: Switzerland – 17.065 tons ($1.088 billion), China’s Hong Kong – 1.847 tons ($115 million), UAE – 1.294…
In 2023, Kyrgyzstan exported 20.2 tons of gold for $1,284.3 billion, data of the National Statistical Committee said. Only 290 kilograms of precious metal worth $1.3 million were exported in 2022. Thus, last year, the volume of gold exports increased 69-fold YoY. Switzerland accounted for the main volume of exports of the precious metal —…
The department of subsoil use of the Far Eastern District will auction two deposits of alluvial gold in Chukotka. The auctions are scheduled for April 1. The deposit at the Shumniy Brook will have the starting price of 6.041 million rubles. Its C1 reserves amount to 86 kg, but require additional prospecting. The starting price…
Uzbekistan sold gold worth $6.87 billion in the first 10 months of this year, making up 33.6% of total exports. Gold exports increased 2.3-fold YoY. In 2022, gold sales stood at $4.1 billion, $4.1 billion in 2021, $5.8 billion in 2020 and $4.9 billion in 2019. (Uzreport/Ukrainian metal)
In July, Uzbekistan sold 11 tons of gold, according to the World Gold Council. This brought the total gold sales for the country to 46 tons in the first seven months of this year. During this period, Uzbekistan also purchased 16 tons of gold. Additionally, Kazakhstan sold 4 tons of gold in July, and both…
According to the World Gold Council, in May, Uzbekistan ranked second globally in gold sales. Worldwide central bank gold and currency reserves dropped by 27 tons, with precious metal sales declining by over half compared to April. Uzbekistan sold 11 tons of gold internationally in May, surpassing Kazakhstan and Germany by 5.5 times. Turkey remained…
