The investment company Arlan intends to start producing gold at the Rodionovskoye deposits in 2020. According to the company statement, in the first year of operation it is planned to mine 1 ton of gold. In 2021 output is expected to increase to 3 tons of gold, and in 2022 – to 5 tons per…
Russia’s Chukotka Autonomous District has submitted a request to the Far Eastern Development Ministry to establish a territory of accelerated development Baimskaya to raise about 336 billion rubles in three gold projects, according to a statement released on April 2. The projects Kekura, Klyon and Peschanka can attract almost 120 billion rubles in three years,…
As a result of prospecting and evaluation works new ore objects were discovered in Kazakhstan. Chairman of the Committee of Geology and Subsoil Use of the Ministry for Investment and Development Akbatyr Nadyrbaev and Chairman of the Board of Kazgeology JSC Galym Nurzhanov told about the work carried out in 2017 on geological study of…
Gold production is set to commence in the third quarter of 2018 at the Amulsar gold mine in south-central Armenia, said Lydian International Ltd, the Canadian mining group. Lydian’s management expects mining within the Amulsar project to produce 225,000 gold ounces annually over ten years and reports that it is currently completing construction of the…
This year OrionGroup+ LLC, which extracts alluvial gold in the Republic of Sakha (Yakutia), intends to get 90 kg of the precious metal. Last year the yield totaled 66 kg. The gold season will start in June. At present the company is carrying out preparation works at the site. According to the estimates, the resources…
The gold-extracting company Kamensky Quarry LLC in 2017 obtained 295 kg of gold, up by 18% from the manufacturing plan. The initial quota for this year is 200 kg. The company has licenses for 4 deposits. The alluvial gold reserves of the Unda site, the license to which was purchased in 2015, amount to 2190…
The gold-extracting company Petropavlovsk has concluded an agreement with Gazprombank for the delivery of 96 thousand ounces of gold. The deliveries will be prepaid. “This forward contract with Gazprombank provides us with much flexibility in working capital management”, Petropavlovsk finances director Andrei Maruta noted. As of late 2017 Petropavlovsk had forward contracts for the delivery…
Belarusian specialists are examining a promising gold-bearing site in Sudan, Vasily Kolb, Deputy Head of the Central Office for Natural Resources, Head of the Geology Office of the Belarusian Natural Resources and Environmental Protection Ministry, declared on March 28. The agreement to allow Belarusian specialists to search for and extract gold in Sudan was reached…