Russian silver and gold producer Polymetal has raised ore reserves of its Kutyn field more than 2-fold, to 812,000 ounces of gold under the JORC code, the company said in a statement on February 12. “The updated JORC-compliant open-pit ore reserves estimate as of October 1, 2019 comprises 8.4 million tons of ore with an…
In January Priisk Solovievskiy produced 96.98 kg of gold, up by 46.3% YoY. At present gold is extracted only at the Solovievskoye deposit in Amur region. In the first month the company intended to yield 73 kg of gold. Thus, output exceeded the target by 32.8%. Alluvial metal is not extracted yet. Washing will start…
Svetloye, developing a deposit of the same name in Khabarovsk region, in Q4 2019 increased gold output by 14% YoY, to 824 kg. In the entire year the company yielded 4.15 tons of gold. The growth in the output is due to the system of winter watering of ore piles. The company starts watering ore…
In 2019 Khabarovsk region set a new historical record of gold output. Thus, last year the region yielded 25.2 tons of gold, up by 1.7% YoY. Last year the mining industry of the region paid 6.8 billion rubles of taxes, up by 13%. (Ukrainian metal)
Development of placer gold deposits causes great environmental damage, Gamal Soronkulov, field mobilizer of Muras Kyimyly NGO, said at the presentation of the Institute of Environmental Solutions Public Foundation. According to him, at least 158 licenses for development of mineral resources have been issued in Chatkal district alone, and most of them – for gold…
Zhambyl region governor Askar Myrzakhmetov has met with Aurum Deutschland AG representatives. The company is constructing a large mining and processing works in the region. The idea goes back to 2012, when the then-president Nursultan Nazarbayev invited German investors to develop projects in Kazakhstan. In 2016 an agreement was signed with Aurum Deutschland AG. The…
The Arbitrary Court of Moscow has declared ineffective the decree of the Federal Agency on Subsoil Use on the revocation of license to prospect and mine gold ore at the Zegengolskoye deposit in the Republic of Buryatia issued to the Mining Company Olimp LLC. The 9th Arbitrary Court of Appeals declared the decree ineffective in…
In 2019 Polyus Verninskoye produced 7.9 tons of Dore gold, up by 12% YoY. Mining grew by 49%, to 4448 thousand tons of ore. Processing exceeded 3 million tons. Gold contents increased by 10%, to 2.9 g per ton. (Ukrainian metal)