This year the gold-extracting company Pavlik intends to obtain some 7 tons of gold, up by 7.7% YoY. “In the first year of operation we mined around 1 ton of gold. In 2016 we produced 4 times as much, and last year we reached 6.5 tons”, the company CEO Vasiliy Makarov said. “This allowed us…
In March Sibirsky Mining and Metallurgical Alliance (SiGma) will put into operation the first stage of Ozernovsky Mining and Metallurgical Works in Kamchatka. The first line will have the capacity of 100 thousand tons of ore (2 tons of gold) per year. The first year of operation will see some 1-1.5 tons of gold. The…
Gold output of GV Gold rose by 37% YoY, to 224,500 ounces in 2017, or 5% above the plan due to the launch of the Drazhnoye and Ugakhan deposits and a new dredging unit at the Bolshoi Kuranakh mine, the company said in a statement on February 5. The capacity of company’s processing facilities increased…
The residents of Talas region have no claims against development of Jerooy, the Government’s Authorized Representative in the region, Marat Murataliev, declared at a press conference on February 5. According to him, the people agree that the field should work. “170 million soms have been transferred to the regional and district funds. A mini football…
In 2017 Buryatia obtained 5677.9 kg of gold, down by 4%, or by 231.1 kg YoY. According to the republican ministry of natural resources, ore gold output totaled 3610 kg, and alluvial – 2067.9 kg. Gold output in 2016 was 5891 kg, including 4021 kg of ore gold and 1870 kg of alluvial gold. (Ukrainian…
The Finance Ministry will decide within a month whether to abolish value-added tax (VAT) on investment gold, Deputy Minister Alexei Moiseyev declared. “The main problem here is that to distinguish between gold intended for investment and for jewelry production is very hard. This is the main bone of contention. But I expect the decision to…
Residents of Kadamdzhay district hold a rally against the development of Shambesai gold field, regional administration reported. According to its data, residents demand to close the mine, because they believe that mining of gold harms the environment. Gold reserves of Shambesai field are estimated at 8 tons. Exploration work at the deposit began in 2007,…
By the end of the year KrysoResourcesLImited (China) intends to have mined 207 kg of gold at the Pakrut deposits. Gold output is expected to increase to 1-1.5 tons per year. The company started developing Pakrut in 2012. Since then investments have totaled $180 million, and $76 million more are needed. At present the project…