The Gross mine has completed its large-scale mining transport program. Now the mine is fully equipped with over 100 units of large mining machinery. Last year $44 million were spent to buy 30 units of machinery, including 14 Caterpillar dump trucks with the lifting capacity of 135 tons each. Gross mine also operates 3 Caterpillar…
Hort-V LLC (Moscow), which owns a license to develop the Ukonikskoye deposit in Zabaikalye region, intends to start extracting gold in 2023. Annual ore output will reach 800 thousand tons. The company plans to construct a gold-extraction factory with the design capacity of 2 tons per year in the first phase. Later the capacity will…
Centerra Gold Inc. has agreed with the Government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government on September 11, 2017. The First Longstop Date is the date by which all conditions precedent to the completion of…
The gold-ore company Rudnik Karalveyem at the auctions on May 22-23 won the right to develop three alluvial gold sites in Chukotka region. The company offered 43.659 million rubles for the Nevidimiy site. The initial price increased 485.1-fold. The Zayachiy site was sold for 69.3 million rubles. And the price of the Poldnevoy Brook site…
Ferrum-P LLC has increased the initial price for the Baitsetuy Nizhniy alluvial gold deposit in Zabaikalye region 29.7-fold. The auction took place on May 14. The company final offer was 74.818 million rubles. 7 companies participated in the auction. (Ukrainian metal)
In January-April, Azerbaijan produced 1,075 kg of gold, up by 14% YoY, the State Statistical Committee reported. Silver production increased by 15.4%, to 1,007 kg. Copper mining grew by 27.8%, with 654.7 tons of copper ore and concentrates produced during the first 4 months of the current year. As of May 1, finished copper ore…
In January-March, the British Trans Siberian Gold Plc, developing the Asachinskoye gold ore deposit in Kamchatka District, produced 11,857 ounces of chemically pure gold and 30,874 ounces of silver, up by 4.5% and by 46.1% YoY respectively. Dore alloy gold output grew by 52.4%, to 12,345 ounces, and silver – 2-fold, to 32,158 ounces. Gold…
Azerbaijan earned as many as $32.5 million by exporting 775.35 kg of gold in January-March. In the same period last year, the export of gold from Azerbaijan made up 726.05 kg worth $30.9 million. Thus, the export of gold in quantitative terms increased by 6.8% and the revenue went up by 5.3%. Gold production in…
