The Russian Finance Ministry is considering canceling value-added tax (VAT) to help repatriate dozens of billion rubles in a move the market has been waiting for dozens of years, Deputy Minister Alexei Moiseyev declared on September 7. “The issue is only discussed, and an additional stimulus for its solution has appeared. You can already see…
Kopy Goldfields AB has started operating at two prospecting project in Irkutsk and Amur regions. In June the company started prospecting at an alluvial deposit in Amur region. The work is expected to be complete in 2020-2021. So far prospecting for gold at the site has not been carried out. Under the second project Kopy…
In January-July the Republic of Sakha (Yakutia) extracted 12483.9 kg of gold and 57460 kg of silver. Gold output increased by 12.5% YoY. This year Yakutia intends to extract 24.5 tons of gold. (Ukrainian metal)
In January-June Mangazeya Mining Ltd, developing Zabaikalye region deposits, produced 6.972 thousand ounces of gold. Savkinskoye deposits accounted for 6.76 thousand ounces, and the rest (0.21 thousand ounces) for Kochkovskoye deposits. According to the unaudited financial statement, gold output decreased by 17% YoY. The decrease is due to the drop in ore mining – in…
As of September 3, the Novaya miners team has yielded 134 kg of gold. This season the team has started washing at a new site – Nizhnyaya Amunakta, having so far obtained 60 kg of gold. The enterprise is also prospecting at Tangrak. The development of the site is scheduled for spring 2019. The team…
As of August 28 Irkutsk region has extracted 15280.9 kg of gold, up by 8% YoY. Ore gold accounted for 8977.9 kg, up by 20%, while alluvial gold output dropped by 5%, to 6303 kg. Last year the region yielded 22903 kg of gold, including 12115 kg of ore gold and 10788 kg of alluvial…
Yekaterinburg Non-Ferrous Metals Processing Works intends to start refining gold from Magadan region. In July the company delegation visited a miners’ team, where it got acquainted with the technological chain of gold mining. “We presented our plans to increase gold purchases with further buy out of refined metal and voiced our interest to work with…
In January-June Seligdar received 759.9 million rubles of net losses, up from 283.3 million rubles in H1 2017. At the same time the company revenue grew 1.6-fold, to 3.808 billion rubles. Gold sales accounted for 2.9 billion rubles, while tin and tungsten – for 270.8 million rubles. Other services (ore mining) accounted for 552.7 million…