Vostoc-2 miners team, the only alluvial gold extractor in Sakhalin region, in the first two months of the washing season has obtained 10 kg of the precious metal, down 2-fold YoY. The decrease in the output is due to the lack of bulldozer engineers at the start of the season. In July the team plans…
VTB has provided Rise LLC (Magadan region) with a loan of 850 million rubles to finance the company operation during the current gold-extracting season. The loan has been provided for 1 year. This year VTB intends to purchase 850 kg of gold from Rise. The company, founded in 2003, since 2005 has been extracting alluvial…
Since 2016 Svetloye LLC, a part of Polymetal, has produced 10 tons of gold at the Svetloye deposit in Khabarovsk region. Gold is obtained by ways of heap leaching. Last year output increased by 28% YoY, to 4.2 tons. In Q1 2019 the company extracted 286 kg of gold, up by 10%. The deposit was…
The Ministry of Industry and New Technologies of Tajikistan has reported a significant increase in the production of precious metals in the country since the beginning of 2019. According to the source, the gold production in January-May increased by 60.8% YoY. At the same time, silver production increased by 37.6%. However, the ministry and other…
Bishkek hosted a forum of suppliers of goods and services for mining industry. Instead of standard speeches and statements, it was held in an exhibition format so that suppliers and customers can find a common language. “We are often approached by suppliers of goods and services in various sectors of the economy, especially in subsoil…
In January-May the Republic of Buryatia mined 1192.34 kg of ore gold, down by 16.7% YoY. 3 companies mine ore gold in the republic – Buryatzoloto, a part of Nordgold, Zapadnaya and Sininda 1 LLC (a part of Seligdar). There is no information on alluvial gold output, as the washing season starts in April-June depending…
Mining company Darkhan LLC has completed the stage of the pilot operation of the Kirchen deposit in Zabaikalye district. Soon the company will reach design capacity. The Kirchen factory will annually process at least 340 thousand tons of ore and produce some 600-650 kg of gold. 350 jobs will be created. This year 30 million…
Government of Kyrgyzstan asks members of the Parliament to hold hearings on Kumtor without participation of the media. Chairman of the Committee on Fuel, Energy Complex and Subsoil Use of the Parliament Kozhobek Ryspaev announced at its meeting. MPs supported the proposal of the Cabinet. The Prime Minister Mukhammedkaly Abylgaziev will personally inform MPs on…