In 2016 Magadan region mined 27.9 tons of gold instead of 27.5 tons of the project target. “We have around 28 tons of gold, and this greatly increases our target indices. This will allow us to improve economic situation in the region and make our social support and sports construction programs more real”, the region…
In 2017 Vysochaishy (GV Gold) intends to sell 5 tons of gold to Lanta-Bank. According to the company statement, it has concluded 2 agreements with the bank to sell 4.32 tons and 680 kg of gold ingots (99.99). The gold has to be delivered by December 31. The deal is evaluated at 11.4 billion rubles.…
Kyrgyz Ministry of Economy offers to introduce export duties on gold ore and concentrate. The interdepartmental commission hasn’t voiced the size of rates yet, the ministry reported. A number of experts and heads of state structures offer to prohibit mining companies exporting ore and concentrate, allowing its processing only in the country. Enterprises export abroad…
In 2016 Krasnoyarsk Krai companies are expected to increase gold output by 18% YoY. According to the regional ministry of industry, energy and trade, in 2015 the Krai mined 49.3 tons of gold, thus this year the yield could total 58 tons. Polyus and Sovrudnik, the regional major companies, are expected to mine around 50…
In 2015 Kyrgyzstan exported 9.9 thousand tons of gold concentrate, with 10.1 thousand tons exported in 2016. Most of the concentrate this year was exported to China. 6 Kyrgyz companies are involved in ore exports: Kyrgyzaltyn, Altynken, Kaidy, Full Gold Mining, Kazakhmys Gold and Kurandy Development. (Ukrainian metal)
Altynken works, built at the Taldy-Bulak deposits and valued at $285 million is still not operating. When the assembly works started the constructors found out that the copper content in the gold ore was higher than expected. So, Dore alloy can be extracted from only one third of ore, with the rest being copper. At…
U.K.-registered Petropavlovsk Plc, which operates in Russia, has decreased its forecast for production of gold in 2016 to 415,000-430,000 ounces from 460,000-500,000 ounces with an average production cost of about $700 per ounce, the company said in a statement. The new forecast followed re-estimation of the impact from suspension of production at the Andreyevskaya deposit…
Chinese businessmen will invest $2 million into the project of copper-gold concentrate production in Kentau. The factory is expected to produce some 200 tons of products per day. Within the program a processing shop with the capacity of 65 thousand tons per year will be reconstructed in Kentau. Ore will be supplied from the Yubileynoye…
