Polyus Aldan, a unit of the Russian gold producer Polyus, has won a 15-year license to develop the Somnitelnoye gold field in the republic of Yakutia with a 12.76-million ruble bid, according to the results of the auction. The deposit is located 25 kilometers off the city of Aldan and has C1 reserves of 1.254…
Until the end of the year Seligdar will sell 24.3 kg of refined gold manufactured by Samolazovskoye LLC. The corresponding contract was concluded on December 16. Seligdar will receive a remuneration in the amount of 1% from the sales, without VAT. The expected volume of the deal exceeds 50% of Samolazovskoye LLC assets value (95…
In 2019 the Republic of Yakutia intends to extract 34.7 tons of gold, which would exceed the historical maximum of the Soviet Union. The republic is one of the three largest gold extractors in Russia. In September a new mining and processing works was commissioned at the Vertikalnoye silver deposit. The enterprise already employs over…
The Russian government has not agreed with a bill liberalizing access of private investors to large gold fields, prepared by the Natural Resources and Environment Ministry. The ministry suggested raising the threshold of reserves to qualify a field as strategic to 200 tons from 50 tons to draw private investment, because under the current law,…
Polyus Verninskoye has fulfilled its annual output plan 3 weeks in advance. One of the reasons of such results is the increase of the gold-processing factory average capacity. Delays in its operation decreased by 200 hours. In 2018 Polyus Verninskoye mined 7024 kg of gold. (Ukrainian metal)
This year the Krivbass miners team LLC, developing alluvial sites in the Magadan region, extracted 770 kg of gold. The amount was achieved jointly with the daughter company – Miners team named after Berzin LLC, owner of the license to prospect at the Tumaninskaya field. Last year the output totaled 602 kg of alluvial gold.…
In January-November Khabarovsk region extracted 23,678.3 kg of gold, up by 2.4% YoY. Ore gold accounted for 19,452.6 kg, up by 2.4%. The increase is due to the output growth at Amur Zoloto LLC (+23.5%), Mnogovershinnoye (+14%) and Okhotskaya Mining and Geological Company LLC (+6.4%). The washing season has been finished with the yield of…
Centerra Gold Inc. does not own any Mongolian operations or properties and has not conducted any business in Mongolia since October 2018, Kumtor Gold Company reports. Recently media have announced that Mongolian Court of Appeal has revoked four Centerra Gold licenses in favor of an NGO. In this regard, Kumtor Gold Company would like to…
