Personnel reshuffle took place at Kumtor. The Vice Presidents for finance, procurement, risk management, as well as the manager of the supply department left their offices. Thanks to the recently achieved agreements, significant steps have been taken between the Kyrgyz government and Kumtor Gold Company to achieve transparency and openness of the Kumtor project. The…
Berezitovy Mine LLC, a part of Nordgold, is celebrating 10 years since it has started developing the Berezitovoye deposits in Amur region. So far the company has mined 19.8 million tons of ore, producing over 28.5 tons of gold and 33.2 tons of silver. Gold reserves at the site are estimated at 33 tons with…
The State Subsoil Service has sold 3 licenses to prospect and develop alluvial gold sites in Khabarovsk Krai. Granitny, Poni Bolshiye-Tudur and Ayan sites have been auctioned. All the licenses have been purchased by local companies. The license to develop the Granitny site with the gold reserves of 87.3 kg for 3.575 million rubles has…
Russian gold producer GV Gold is negotiating acquisition of Zoloto Kamchatki from multi-industry holding Renova Group of businessman Viktor Vekselberg. Some sources say that the deal may be announced soon. Another source said that GV Gold was exploring various M&A options and Zoloto Kamchatki was among six gold companies under consideration, including Lenzoloto, a part…
Exploration and development company Chaarat Gold is planning to speed up the timeline at its Tulkubash mine in the Kyrgyz Republic following an improvement in the backdrop for miners in the country. “The improving climate in the country for mining companies has been demonstrated not only by the recent license agreement signed by the Kyrgyz…
The arbitrary court of the Altai region has dismissed the Zoloto Kuryi LLC insolvency proceedings, as the claimant – Trud LLC – has revoked its claim. In April the court granted Trud LLC the right to recover 80.5 million rubles of debts on loan from Zoloto Kuryi. In 2016 Zoloto Kuryi planned to resume gold…
The Zeyskaya Taiga LLC, which extracts alluvial gold in Amur region, has so far obtained 80 kg of gold, up from its target of 65 kg. According to the company statement, the season is expected to be completed in early October. In 2014 the company yielded 14.3 kg of gold, in 2015 – 32.2 kg,…
Ukhtageoservis LLC has suspended operations at alluvial gold sites in Komi, because it resulted in polluting water with suspensions. The company has been fined for 918 thousand rubles. Ukhtageoservis has the license to prospect for and extract alluvial gold at Dimteyelskoye, Srednekyvvozhskoye-1, Kyvvozhskoye and Srednekyvvozhskoye deposits. (Ukrainian metal)