Russia: Petropavlovsk gold reserves up in 2017

Petropavlovsk Plc, which extract gold from 4 mines, in 2017 increased JORC gold reserves by 8% YoY, or by 670 thousand ounces. The company resources grew by 6%, or by 1.17 million ounces. According to the company statement, the resources and reserves grew due to the successful prospecting at the Pioner and Albyn deposits. As…

Russia: Zarya to start gold extracting in May 2018

Zarya, extracting alluvial gold in Khabarovsk territory, has started preparations for the washing season. According to the company CEO Victor Shudrenko, the season begins in May. The employees have already started arriving at Ulch and Nikolayev sites. This year the company has purchased two new sites: the Bakan Bolshoy deposits and the Detysh deep alluvial…

Russia: gold output up in 2017

Russia’s gold production rose about by 6.8% YoY, to 317.660 tons in 2017, Sergei Kashuba, chairman of the Union of Gold Producers of Russia, said on March 6. Gold producers raised their output by 6.4%, to 254.216 tons in 2017, while by-product gold production gained 11.6%, to 16.459 tons, gold scrap production went up by…

Russia: Susumanzoloto profits down in 2017

In 2017 Susumanzoloto received 1.816 billion rubles of net profits, down by 28.4% YoY. Revenue grew by 29.9%, to 12.925 billion rubles. Sales profit dropped by 15%, to 2.474 billion rubles. Last year the company sold 5415 kg of gold, up by 47.1% YoY. As of December 2017 Susumanzoloto had 49 licenses. Its estimated C1…

Kyrgyzstan: Makmal investor needs to conduct environmental assessment of plant construction

“The State Committee for Industry, Energy and Subsoil Use recommended GL Makmal Developing Company to conduct an environmental impact assessment of the project on construction of a gold recovery plant and hold public hearings,” deputy head of the committee Suyuntbek Alikeyev reported. According to him, the Chinese company Xinghai LTD developed the factory project on…

Russia: gold-containing minerals found in Kamchatka

The researchers from the Institute of Geology and Mineralogy have found gold-containing minerals at the Maletoyvayam deposits in Kamchatka. The prospecting was carried out at the order of the research company Elekhim. In particular, the new type of mineral contained compounds of gold with tellurium, sulfur and selenium. Gold can be found with silver impurities,…

Kazakhstan: projects worth 95 billion launched in Akmola region

Within the framework of the Industrialization Map 7 projects to the amount of KZT 95 billion were launched in 2017, governor of Akmola region Malik Murzalin informed.

In particular, KazakhAltyn concern launched 3 gold recovery factories with total capacity up to 4 tons of gold a year. (Kazinform/Ukrainian metal)

Kazakhstan: gold output up in January 2018

In January Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 8.7% YoY and amounted to 5,978 kg. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the reporting period the production of raw silver and semi-processed silver, or in powder form, was equal to 59,644…

Russia: Atomredmetzoloto to mine gold in Yakutia

Atomredmetzoloto intends to start mining for gold at the Severnoye deposits in Yakutia. The Severnoye uranium deposits are a part of the Elkon uranium ore district. The designing of the uranium works was put on hold in 2011 after world prices fell drastically following the Fukushima accident. In 2019-2020 the company will carry out prospecting…