Polyus Gold International Ltd (PGIL) of tycoon Said Kerimov is in talks to sell 25% plus one share in the Russian largest gold producer to China’s Fosun Group for $2 billion. A source reported that the negotiations were at an advanced stage, and the deal might take place in late 2016 or in early 2017.…
Kurilgeo, the sole gold miner in Sakhalin region, plans to mine 1.6 tons of gold at its Urup island deposits. “In January-September we mined 1.2 tons of gold and 3.5 tons of silver, receiving 1.18 tons of gold and 3.42 tons of silver. Our plan is to receive 1.6 tons of gold this year”, a…
Since Polymetal Int bought Kapan mining and processing factory in April, it mined 181 thousand tons of ore. According to the company statement, in Q3 it mined 112 thousand tons. Average metal content in ore from May till September totaled 2.3 thousand ounces of gold, 46 million ounces of silver, 0.3% of copper, and 1.6%…
Anglo Asian Mining PLC reported decrease in its gold, silver and copper mining. In Q3 it mined 16.497 thousand ounces of gold at its Gedabek mine (with the forecast of 18.500 thousand ounces) as opposed to 19.375 thousand ounces in Q2 and 18.200 in Q3 2015. This year the company plans to produce 69-71 thousand…
In January-September Chukotka mined 22.45 tons of gold, down by 11.52% YoY, while silver output went up by 8.7% YoY, to 125.04 tons. According to the department of industrial policy, construction and housing of the Chukotka Autonomous District, mining companies yielded 20.42 tons of gold, down by 12.3% YoY, while gravel deposits mining dropped by…
All five BRICS countries – Brazil, Russia, India, China and South Africa – have signed a memorandum of understanding on joint development of the Klyuchevskoye gold ore field in Zabaikalsky region. The agreement was signed by SUN Gold (India), China National Gold Group, Russia’s Far East Development Fund, Trans AFRICA Capital, and Brazilian investor Antonio…
Lamesa Group Holding, affiliated with Russian tycoon Viktor Vekselberg and his multi-industry holding Renova Group through Polo Company, has raised its share in U.K.-registered Petropavlovsk Plc, which operates in Russia, to 2.7448% from 1.5237%, Petropavlovsk said in a statement. Other details of the deal were not disclosed. Other affiliates of Renova Group control 14.764% in…
In January-September Magadan region mined 22.21 tons of gold and 680.08 tons of silver, up by 9.3% and down by 22.18% YoY respectively. In 2015 Kolyma companies mined 24.5 tons of gold and 1127.5 tons of silver, up by 1.5% and 17.3% YoY respectively. This year the local administration expects gold mining to reach 27…