Societe Generale has issued a $100-million prepayment to the Russian gold producer GV Gold for gold supplies, the company said in a statement on December 6. Under the deal, GV Gold receives the full sum, and will supply about 3,000 ounces, or 93.3 kilograms of gold per month in the next three years. Payment for…
Employees of Eti Bakir Tereksai left their working places and do not go to work because of the provocation of individuals, Company CEO Mahir Tezdzhan reported. According to him, earlier law enforcement agencies detained 14 residents of Terek-Sai village for beating up company employees. On December 2 local residents held a rally demanding the release…
A meeting between representatives of Azerbaijan State University of Oil and Industry, the Azerbaijani Ministry of Ecology and Natural Resources, scientists of the Azerbaijan’s National Academy of Sciences (ANAS) and a group of geologists was held in the administrative building of AzerGold CJSC on December 3. Chairman of the Board of AzerGold, Zakir Ibrahimov spoke…
As of December 3 Druza LLC has extracted 975.4 kg of gold in Irkutsk region, up by 5.6% YoY. Nevskoye gold ore deposits yielded 872.4 kg, with 103 kg obtained from alluvial sites. The company is developing alluvial gold sites in 3 districts of the region. This year Druza intends to extract 1030 kg of…
Vysochaishiy has received a license to use the Svetlovodskoye ore filed. The company has paid 697.44 million rubles to use the field ahead of schedule. R1 reserves are estimated at 61 tons, and R2 – at 59 tons. The average gold content is 2 g per ton. The size of the site is 40 square…
In January-October the Republic of Buryatia extracted 4756.3 kg of gold. Ore gold accounted for 2806.9 kg. Alluvial gold output totaled 1949.4 kg. Last year the region extracted 5678 kg of gold, including 3610 kg of ore gold. (Ukrainian metal)
Anglo Asian Mining PLC expects gold production to be around 78,000-84,000 ounces in 2018 in Azerbaijan, President & CEO of the company Reza Vaziri declared. He said that it was expected 2018 production to be at top of the range. Vaziri said that the production was growing strongly, adding that the company commissioned a second…
The company Ametistovoye has won an auction to use the Ivolga ore gold and silver deposits. The deposit is situated in Kamchatka close to the Ametistovoe Mining and Processing Works. The size of the Ivolga site is 206.38 square km. According to the auction documentation, the R2 resources are estimated at 9 tons of gold…
