Illegal business activity during development of alluvial gold deposits was revealed in Toktogul district of Jalal-Abad region of Kyrgyzstan, the State Service for Combating Economic Crimes reported. According to it, the State Committee for Industry, Energy and Subsoil Use banned alluvial gold mining operations before submitting a temporary certificate for the right to use the…
The Krasnoyarsk region subsidiary of the State Expertise Service of Russia has approved the project to construct a site to process gravitation gold-bearing concentrate in Zabaikalye. It is expected to process 3 tons of gold-containing raw materials per day. The complex is expected to be operating for 14 years. (Ukrainian metal)
Gold production at Kumtor mine in 2018 was 534,563 ounces or 16,626.78 kg, Public Relations Department at Kumtor Gold Company reports. Gold sales in 2018 were 530,448 ounces or 16,498.79 kg with a revenue totaling $660.1 million. Contribution to the national budget in taxes and mandatory payments in 2018 is more than 9.6 billion soms.…
In January-February Uzbekistan exported $3 billion worth of products, up by 20.4% YoY. $1.2 billion accounted for gold. During the whole 2018 Uzbekistan exported $2.9 billion worth of gold. (Ukrainian metal)
Rudnik Taborniy, a Nordgold enterprise, intends to invest over 2 billion rubles in the development of its licensed site in the Republic of Sakha (Yakutia). In particular, 320 million rubles will be spent on prospecting works at the Tabornoye deposit. Repair of machinery will cost 200 million rubles, and the purchase of 5 quarry dump…
Production of unwrought gold and semi-processed gold or in powder form reached 14,315 kg in January-February, up by 5% YoY, Statistics Committee of the National Economy Ministry of Kazakhstan reports. In the accounting period output of unwrought and semi-processed silver or in the powder form made 128,576 kg, down by 5.1%. (Kazinform/Ukrainian metal)
In January-February Magadan region extracted 4569 kg of gold and 99.7 tons of silver. Gold output increased 1.8-fold YoY, while silver extraction did not change. In the first two months of 2017 the region yielded 2516.4 kg of gold. The considerable increase in gold output has to do with Natalkinskiy GOK reaching its design capacity.…
In January-February Druza LLC produced 137.4 kg of gold in Irkutsk region, up by 3.4% YoY. At present the company is developing the Nevskoye gold ore deposit. Alluvial sites operation will start in May. Until the end of the year Druza intends to produce at least 1 ton of gold. Last year the company extracted…
