Prime Minister Nikol Pashinyan said the operation of the Amulsar gold mine might start in Q4 2020 at the earliest, but that the most likely time frame was the first quarter of 2021. Pashinyan in a live Facebook address urged the residents of nearby settlements to unblock the roads leading to the mine. The Prime…
The territory of advanced development Zabaikalye has welcomed a new resident – Mangasea Zoloto, a daughter company of Daltsvetmet. It will construct a mining and processing enterprise and a gold-extracting factory with the capacity of up to 1 million tons of ore per year on the basis of the Nasedkino deposit. When the enterprise reaches…
Magadan region, Gazprombank and RusHydro will help Pavlik construct the second stage of Pavlik Mining and Processing Works, which will increase ore processing to 10 million tons per year. At present the company capacity is around 4 million tons of ore (8 tons of gold) per year. When the second stage of the plant is…
In January-August Irkutsk region extracted 16,118 kg of gold, up by 1% YoY. Ore gold companies accounted for the most output – 9,437 kg, up by 1.7% YoY. In particular, Polyus Verninskoye produced 5,341 kg, while Vysochaishiy and its daughter company Ugakhan – 3,346 kg. Druze LLC extracted the least gold – 750 kg. Alluvial…
Information of the government on Kumtor was included in September work schedule of the Parliament of Kyrgyzstan. The Cabinet of Ministers should report on the fulfillment of resolutions of the Parliament dated February 26, 2015 and June 29, 2015. At the same time, the Committee on Fuel, Energy Complex and Subsoil Use will first consider…
Russian gold producer Polyus has finished drilling at the Sukhoi Log gold field and plans to finish the project’s feasibility study before 2021, CEO Pavel Grachyov announced. “We finished the drilling program we started in 2017. It was an important and capital-intensive stage. We are now analyzing drilling samples, which would take several months. We…
“No new land was allocated to Kumtor for geological exploration. At least 16,000 hectares were allocated back in 1994 and 1997,” Karybek Ibraev, Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, announced. According to him, the territory of Sarychat-Ertash nature reserve is clearly set by a government decree. The…
Altyn Plc reports the restoration of gold output volumes in July after the drop in H1 due to the machinery breakage and delays in drilling programs. Losses before interest in H1 totaled $603 thousand as opposed to profit of $603 thousand in January-June 2018. The company is negotiating a loan of $17 million to spend…