The national assembly on Jerooy gold deposit, scheduled for October 1, was canceled. According to the organizers, they received information about threat of disruption of the event and its use for political purposes. “We can’t voice names, but apparently, there were people among us, who pursued their goals. There is information about possible provocations, we…
In January-May Russia increased gold manufacture by 9.59% YoY, to 101.44 tons. In particular, gold extraction totals 80.99 tons, up by 11.74%, secondary gold – 13.1 tons, down by 4.59%, and auxiliary gold – 7.35 tons, up by 15.93%. Silver output dropped by 9.32%, to 383.654 tons, including 175.39 tons of extracted silver, down by…
Gold mining company Centerra Gold Inc. announced that Michael S. Parrett would succeed Stephen A. Lang as independent Chair of the Board of Directors effective October 1. Stephen Lang, who joined Centerra’s Board of Directors in 2008 and had held the Chair position since 2012, would remain as a board member and support an orderly…
In January-June the net profit indicators of Kyrgyzaltyn OJSC turned out to be 14 times higher than in 2018, press service of the company reported. The net profit of Kyrgyzaltyn amounted to 119.2 million soms. In 2018 the OJSC earned only 8.5 million soms over the same period. “Such high rates became possible thanks to…
Kyrgyzstan and Centerra Gold came to a new agreement on Kumtor project after long negotiations. It has entered into force. It has been repeatedly written about additional payments that the republic would get under the new agreement. But it is important not only because of them. Aza Migranyan, Doctor of Economics, Professor, Head of the…
As of September 24, Voctoc-2 miners team, developing alluvial gold sites in Sakhalin region, has extracted 26 kg of the precious metal. The annual output plan is 67 kg of gold. Gold content in the sand at the license site at the Kuzkin Brook has not been confirmed. Moreover, the company was not able to…
Investors of Makmal have transferred 5 million soms to Toguz-Toro District Development Fund, Kyrgyzaltyn reported. The final version of the agreement between Makmal Gold Company LLC and the population of Toguz-Toro district was signed in early August. According to its conditions, the investor had to transfer 5 million soms to the Development Fund. In addition,…
In 2019 Zoloto Kerbi LLC intends to extract some 350 kg of gold. This year the company is developing two alluvial gold deposits in the Salauli and Kerbi River valleys in Khabarovsk region. The washing season traditionally started in May. So far the company has extracted 280 kg of gold. Thus, the output plan has…
