Companies of the businessman Musa Bazhayev suggest correcting the agreement on selling Amur Zoloto to Petropavlovsk and receiving 20% in Petropavlovsk instead of 30.3%. In April Petropavlovsk signed an agreement to buy Amur Zoloto for $144 million from Alliance Mining Group and Lexor Group, controlled by Bazhayev. According to the agreement, his companies had to…
In November 4.8 kg of gold were mined at Solton-Sary. The mine has been efficiently operating since April. Gold output increases. At present the mine employs 164 people. (Ukrainian metal)
GoldBridges Global Resources intends to increase gold output in 3 years and pay dividends after it switches to mining at its Sekisovskoye gold and silver mine in Eastern Kazakhstan. In October the mine processed 20.19 thousand tons of ore and plans to reach 25 thousand tons in December, with 42 thousand tons in 2017. The…
Anglo Asian Mining has decreased its forecast for gold output in 2016 after the gold quality at Gadir mine dropped. This year the gold output target has been decreased to 67-69 thousand ounces from 69-71 thousand ounces. The company also reported that the Gedabek project had been connected to the National power system of Azerbaijan,…
Russian geological exploration company Rosgeo, also known as Rusgeology, has offered to explore the Sukhoi Log gold deposit further to increase its reserves of inferred resources before selling. Anton Sergeyev, aide to Rosgeo’s CEO, reported that the company did not send any proposals on the Sukhoi Log to the government. Representatives of the Natural Resources…
U.K.-registered Petropavlovsk Plc, which operates in Russia, has suspended mining of the Andreyevskoye gold field in the Amur region due to an early severe frost, the company said in a statement. “Earlier flooding and now abnormally low temperatures, which fell from zero to 40 degrees Celsius led to extensive frosts”, the statement said. “A subsequent…
In 2016 Russia plans to produce 297 tons of gold, up by 1.2% YoY. Last year Russia produced 293.4 tons of gold, up by 2% YoY In January-September gold output went up by 0.4% YoY, to 219.25 tons. (Ukrainian metal)
The State committee of industry, energy and subsurface resources management plans to hold an auction on the goldfield Irisay on December 19. The starting price of the license for the object is 2.8 million soms ($40.12 thousand). The projected gold reserves are 13180 kg. (Ukrainian metal)