Gold Industry News Headlines

Russia: CherMK starts the active phase of cutup machine No. 4 ...
Fri, 09 Nov 2018 00:00:00 GMT
Vysochaishiy has won an auction to prospect, develop and mine gold ore at the Svetlovskoye ore field site in Irkutsk region. The R1 resources of the site are estimated at 61 tons, and R2 59 tons. In 2017 Vysochaishiy produced 225 thousand ounces of gold, having become the 7th largest gold-processing enterprise in Russia.


Russia: Irkutsk region gold output up in January-October 2018
Wed, 07 Nov 2018 00:00:00 GMT
Faroz has received a license to prospect and develop gold-ore and antimony deposits in Sogdiy region. The license for the Ukobkhon gold deposits and Pakhndar antimony deposits is valid until 2022. The company has been prospecting and developing Tajikistan subsoil for a number of years now. In particular, it has received the right to use


Russia: MMK Trading House turns 10
Tue, 06 Nov 2018 00:00:00 GMT
Since the start of the washing season, the Baldzha team, developing alluvial gold sites in Zabaikalye region, has obtained 690 kg of the precious metal. According to the regional ministry of environment, the annual quota was set at 300 kg of gold. Thus, the plan has been exceeded 2.3 times. By the end of the


Russia: Mangaseia gold output up in January-September 2018
Mon, 05 Nov 2018 00:00:00 GMT
Mangaseia Mining LLC, developing gold ore deposits in Zabaikalye region, in January-September obtained 19.15 thousand ounces of gold, up by 1.6% YoY. In 3 quarters the Kochkovskoye deposits yielded 4.79 thousand ounces of gold, including 3.67 thousand ounces of ore gold and 1.12 thousand ounces of alluvial gold. Savkinskoye deposits decreased output by 23.8%, to


Georgia: work suspended at mines due to safety inspections
Mon, 05 Nov 2018 00:00:00 GMT
The Central Bank of Azerbaijan (CBA) has received for storage 400.2 kilograms (12,865.2 troy ounces) of gold from Switzerland, the Ministry of Finance of Azerbaijan reported. The gold mined at the Gadabay deposit, after being refined in Geneva, was handed to the CBA to be deposited by the State Service for Controlling Precious Metals and


Russia: record 92 tons of gold bought in Q3 2018
Fri, 02 Nov 2018 00:00:00 GMT
The Russian central bank bought about 92 tons of gold in July-September, a quarterly record for the country, which is now selling dollar-denominated assets actively, the World Gold Council said in a report on November 2. Russias gold reserves exceeded 2,000 tons for the first time ever and now account for 17% of the global


Kyrgyzstan: country representative in Centerra Golds Board dismissed
Fri, 02 Nov 2018 00:00:00 GMT
As of today, one seat in the Board of Directors of Canadian company Centerra Gold Inc. is vacant, press service of Kyrgyzaltyn OJSC reported. According to it, changes were made in the companys board. Powers of a board member, Deputy Chairman of the Board of Kyrgyzaltyn OJSC for Economy, Finance and Investments Bektur Sagynov were


Kyrgyzstan: Kyrgyzaltyn comments on speculations about sale of ...
Thu, 01 Nov 2018 00:00:00 GMT
Kyrgyzaltyn OJSC commented on speculations about possible sale of Centerra Golds shares and Kumtor project to a Chinese company Shadong Gold. Kyrgyzaltyn sent a request to the Canadian investors to clarify the information. They replied that since Centerra Gold was a public company, it could receive various offers from third parties, including Chinese investors, about


Kyrgyzstan: First Longstop Date under strategic agreement on ...
Thu, 01 Nov 2018 00:00:00 GMT
Centerra Gold Inc. has agreed with the government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date was extended until January 31, 2019, statement of


Kyrgyzstan: Centerra declines Chaarat Golds offer on purchase ...
Thu, 01 Nov 2018 00:00:00 GMT
Chaarat Gold Holdings Limited made a proposal for the all-cash acquisition of the whole of Centerra at a premium of not less than 35% above Centerras prevailing share price, statement of Chaarat Gold says. The proposed price amounted to 2 billion Canadian dollars (about $1.52 billion.) As the company said, the ultimate objective of this


Kyrgyzstan: Alliance Altyn fails to pledge license for Jerooy ...
Wed, 31 Oct 2018 00:00:00 GMT
The Subsoil Use Licensing Commission denied Alliance Altyns application for obtaining permission to pledge a license for development of Jerooy gold deposit in a bank for taking a loan, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reported. The commission denied the application due to litigation over the accrued fines under the


Russia: SiGMA produces 87 kg of gold
Mon, 29 Oct 2018 00:00:00 GMT
Since the start of the commissioning of the gold-extracting factory at the Ozernovsky Mining and Processing Works, Siberian Mining and Metallurgical Alliance (SiGMA) has yielded 87 kg of gold. The lesser line with the capacity of 60 thousand tons of ore per year was commissioned in June. In the first year of operation it is


Number of news reports: 12