Gran LLC, the gold-extracting company from Magadan region, intends to have increased alluvial gold extraction to 500 kg by 2020. In the 2018 season the company obtained 300 kg of gold. Last year the output was 281.1 kg. This year the company has commissioned a processing complex with the daily capacity of 1.5-2 thousand cubic…
Kyrgyzstan’s annual demand for gold is 5 tons, the head of the Fiscal Policy Department of the Ministry of Economy Kuban Aidaraliev announced. According to him, the National Bank buys 2.5 tons annually, while jewelers import other 2.5 tons. “Having own gold reserves, Kyrgyzstan is forced to import pure gold. Our jewelers have to pay…
Kyrgyzstan increases tax rates on the export of gold ore and concentrates, the head of the Fiscal Policy Department of the Ministry of Economy Kuban Aidaraliev declared. According to him, Article 221 of the Tax Code is amended. Now the price of gold ore and concentrate is determined separately from gold alloy and fine gold.…
Operation of Kumtor mine may be extended. This was announced at a meeting of the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev with the President and CEO of Centerra Gold Inc. Scott Perry. According to the Information Support Department of the Government’s Executive Office, the parties discussed issues of the company’s work. In particular, at the…
Member of the Parliament, Bakyt Torobaev, asked the government to provide information on the activities of Kumtor gold mine at a meeting of Parliament. According to him, the Prime Minister spoke about new agreement with the Canadian company Centerra Gold Inc. Members of the Parliament know nothing about it. “How many funds are received, what…
Russia’s gold refining rose by 1.65% YoY, to 231.65 tons in January-September, the Finance Ministry said, citing gold supplies to refining plants data. Mined gold output rose by 3.44%, to 194.86 tons, while by-product gold output decreased by 12.83%, to 11.69 tons, and gold scrap production fell by 3.79%, to 25.10 tons. Russia’s silver output…
The borders of the Kamchatka priority development area have been extended. 12 new land plots have been added to its territory. There investors intend to construct mining and processing works to develop gold and silver deposits. The company Ametistovoye will construct a mine and modernize its gold-extracting factory. Kamchatskoye Zoloto will develop the Zolotoye, Kungurtsevskoye…
In January-August Russia produced 194.23 tons of gold, up from 193.58 tons last year. According to the Ministry of Finances, mined gold output totaled 162.28 tons, up by 2.6% YoY. Co-product and secondary gold manufacture dropped by 13%, to 10.3 tons, and by 8.3%, to 21.65 tons respectively. Silver output grew by 1.8%, to 701.26…