Zoloto Kamchatki, a part of Russian multi-industry holding Renova Group, plans to invest 22.3 billion rubles in the development of the Kumroch gold deposit in the Kamchatka region and construction of a mining and processing plant. At present, the first stage of the plant is being designed. The gold mill is to have an annual…
On August 25 Darkhan LLC will put into operation a factory at the Kirchenovskoye gold-silver deposits. The full capacity of 340 tons of ore per year will be reached in Q3. From 2018 the annual output will total 400 kg of gold and 25 tons of silver. The first stage of the deposits will be…
In 2016 Ukraine imported $13.07 million worth of gold, down almost 2-fold YoY. According to the State Fiscal Service, the Netherlands supplied the most gold last year – $8.4 million, Switzerland – $3.8 million. Silver imports dropped as well – by 7.1%, to $3.6 million. (Ukrainian metal)
In January-July Russia increased raw and powder gold manufacture by 11.7% YoY. According to the Federal Service of State Statistics, in July gold output increased by 12.1% YoY, but dropped by 0.1% MoM. (Ukrainian metal)
This year the gold-extracting company Priisk Karakkansky LLC has to get some 70 kg of alluvial gold at its sites. In 2016 the company obtained 382 kg of gold. The considerable drop in the output is the result of the dwindling reserves at the sites. The company has not purchased new licenses yet, and keeps…
In June the gold-extracting company Susumanzoloto acquired 100% of the Nedra LLC shares, which owns the license to develop the Shturmovskoye deposits. The project presupposes the construction of a factory with the capacity of the first stage at 200 thousand tons of ore per year. The mine design has already been prepared and it is…
In January-June Chukotka autonomous district obtained 14.6 tons of gold, down by 13% YoY. Silver output totaled 76 tons, down by 20%. The decrease is explained for the most part with the drop in reserves and its content at Kupol and Dvoynoye deposits. Chukotka Mining-Geological Company mined the most at Kupol: 5.6 tons of gold…
In January-July Magadan region fulfilled the gold-mining plan by 51%, having obtained 15.9 tons of gold, up by 2.9 tons YoY. This year the region intends to get 30.9 tons of gold. The growth has been provided by the ore companies, which have mined 2.5 tons more than in 2016. The most gold has been…