In 2017 Amur region gold-extracting companies obtained 25.77 tons of gold, up by 15.56% YoY. Ore gold accounted for the most part of the yield – 17.53 tons, with alluvial gold at 8.24 tons. Petropavlovsk provided the most to the ore gold output last year, while the largest producer of alluvial gold was Priisk Solovievsky.…
The Trade Union and the management of Full Gold Mining came to an agreement. The procedure for drawing up a collective agreement has begun, the State Committee for Industry, Energy and Subsoil Use reported. All parties of the conflict met with the head of the State Committee for Industry, Energy and Subsoil Use, Ulanbek Ryskulov.…
Vice President of Full Gold Mining, which is developing Ishtamberdy gold deposit in Ala-Buka district of Jalal-Abad region of the Kyrgyz Republic, explained why the company fired 400 employees. He told this at a meeting with the head of the State Committee for Industry, Energy and Subsoil Use Ulanbek Ryskulov. According to him, it is…
The State Committee of Industry, Energy and Subsoil Use put a deposit of placer gold Baymak on auction, official website of the committee reported. The deposit is located in Ala-Buka district of Jalal-Abad region. The deposit was discovered in 1956 following the ancient mining of placer gold. Kyzyl-Tokoy, Orto-Tokoy, Baymak, Ala-Buka, which now constitute Nizhnekassanskoye…
The Priamurye region-based mining company Odolgo increased alluvial gold output in 2017 to 38.9 kg. Last year the company obtained 37.6 kg of gold. At the same time, the output plan for 2017 has been only 50% fulfilled. The target for the next year has not been officially set yet, but according to the company…
Companies controlled by tycoon Viktor Vekselberg have sold a combined stake of 22.3% in U.K.-registered Petropavlovsk Plc, which mines gold in Russia. Bahamas-based Renova Assets sold its entire 14.7496% stake in the gold mining company, while Metkombank, controlled by Vekselberg, sold its stake of 4.4211%, and Lamesa group, a subsidiary of Vekselberg’s multi-industry holding Renova…
The Magadan region enterprises intend to obtain 37 tons of gold in 2018. “That’s an ambitious goal. This year the miners set a goal of 31 tons, but have already mined 32 tons. In March next year we will meet to set the goals for the year and see if they are realistic”, the regional…
An expert, Doctor of Technical Sciences Duyshenbek Kamchybekov, said why Kyrgyzstan should not agree to 100% share in Kumtor Gold Company CJSC. According to him, the reserves at the mine will be depleted in the near future. “Mining works will be completed by 2023. While Kumtor has been working since 1997, thanks to its money,…