Gold was illegally mined on Kapchygay-1 site, the State Committee of Industry, Energy and Subsoil Use of the Kyrgyz Republic reported. The committee earlier announced an auction for the sale of placer gold deposit, namely, Kapchygay-1 and Kapchygay-2 section, located in Aksy district of Jalal-Abad region. However, it was canceled because of illegal mining of…
“Zoloto Kamchatki” has bored the first meters at the Kumroch deposits, one of the most promising sites in Kamchatka. This year the company intends to bore 80 thousand meters of rock and produce 20 tons of gold. The total volume of investments in the project amounts to 1 billion rubles. At the Kumroch deposits an…
The gold-mining company Vysochaishiy plans to produce 6.3-6.5 tons of gold this year (195-210 thousand ounces), up by 28% YoY. The increase will be achieved thanks to the putting in operation of the Ugakhan Mining and Processing Works in Irkutsk region and the first stage of Tarynsky GOK in Yakutia. As of 2016 the Vysochaishiy…
Kyrgyzstan should not bear losses from gold processing enterprise Altyn-Ken, the member of the Association of Mining Industry Duishenbek Kamchybekov said at a round table. According to him, the share of Kyrgyzstan from gold processing at this enterprise is 40%, and 60% is the share of the Chinese company. The enterprise was built to process…
The management of the Vysochaishiy public joint-stock company has decided to distribute 6.378 billion rubles of net profit for 2016. 2.308 billion rubles will be sent to the development fund, of them 1.63 billion – for construction, 108.333 million rubles – for prospecting, and 1.793 billion – to cover losses of the previous years. 46.8…
This year Stangold LLC is working under one license only and washes for the alluvial gold at the Sirik creek valley. So far the company has obtained only 22 kg of gold, down by 2 kg YoY. The target for this year is 50 kg of gold. But the company expects to get up to…
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, targets to produce up to 72,000 gold equivalent ounces in 2017, said the company’s CEO Reza Vaziri at an annual meeting. These excellent financial and production results reflect the ongoing success of the AAM’s long-term plan of sustainability and cost reduction,…
After the strike of workers, the processing plant Ak-Tyuz has been launched, Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev reported. The plant works, but the employees have not been paid yet. Workers are ready to wait until July 10. If they don’t get their money, manufacture…