Gold

Kazakhstan plans to increase gold production

Kazakhstan plans to increase gold production by 5.3% to 60 tons in 2016 compared to 2015, by 31.6% to 75 tons in 2018-2019. It goes from the statement of Vice Minister for Investments and Development of the republic A.Rau. According to him, gold production increased by 9.6% in 2015 compared to the previous year.

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Uzbek scientists have found a new way of gold bio-hydrometallurgy.

Employees of the State Enterprise "Navoi MMC" (NMSC) have invented a new method of extracting gold from refractory sulfide gold-ore, the press service of the Agency for Intellectual Property of Uzbekistan informs.
"The method is used in gold bio-hydrometallurgy. Its mission is to enhance the recovery of gold from refractory sulfide gold-ores, containing carbonaceous material", - the report informs.

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In 2015, Polymetal reduced gold production by 9%

In 2015, Polymetal Int (unites assets of Polymetal) decreased its gold production by 9% to 861 thousand ounces (26.78 tons), and increased the silver by 12% to 32.1 million ounces (998.42 tons) as compared to 2014, the company reports.
In addition, last year the company produced 827 tons of copper, which is by 49% less than the result in the previous year. The total production of metal based on the ratio of 1:60 in the gold equivalent decreased by 2% to 1.401 million ounces. In terms of a new ratio of 1:80, adopted by the company, the decrease made up 3% to 1.267 million ounces.

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Russian Platinum sums up results of 2015

By results of work of mining cooperative Amur at the Kondyor mine in 2015, the volume of stripping operations amounted to 14 783 thousand cubic meters, the volume of sand mining - 3 968.4 thousand cubic meters, placer platinum in the sand - 3709 kg. The platinum production decreased by 25%, from 3794 kg to 2836 kg.
In 2015, Amur Zoloto’s enterprises produced 642.2 kg of gold equivalent, including 453.8 kg of gold (chemically pure) and 13 790.8 kg of silver:

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Polyus Zoloto prepares share buyback of $2.5 billion

As the Kommersant has got to know, Polyus Zoloto of Suleiman Kerimov may conduct buyback of up to $ 2.5 billion by buying 30% of its shares. Only 4.7% of the company’s shares are in free float and the buyback will partially help the main shareholder to pay off the loans, obtained for the original purchase of shares of the parent company Polyus Gold and its consolidation in 2015. In fact, the transfer of $2.5 billion of the debt from the shareholder to Polyus Zoloto will seriously increase its debt load, but the company has made all of the major investments.
The Polyus Zoloto Group, controlled by structures of the family of the Dagestan senator Suleiman Kerimov, has attracted Sberbank loan for $2.5 billion, sources, familiar with the negotiations of the parties, reported to the Kommersant. According to them, the loan is granted for a period of more than five years, the recipient may be not only parent Polyus Zoloto, but also its subsidiaries. The Kommersant’s sources claim that these funds can be directed to the buyback of company’s shares and the buyback can take place in the first quarter.

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Magadan region is about to help KAZ

The government of Magadan region is about to help Kolyma Gold refinery (KAZ), which is in difficult situation now. According to the regional governor V.Pecheny the main objective is to keep KAZ as the operating plant, press-release of the regional government states.

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TALKO looks for partners for the development of Konchoch Group of gold and silver deposits

Tajik aluminium company (TALKO) is about to find a partner for join financing of the project on the development of the Konchoch Group of deposits. According to preliminary calculations, gold reserves at these deposits exceed 55 tons, silver – approximately 44 tons. Besides, there are resources of antimony, mercury and other minerals at the deposit.

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Yakutia increased gold production up to 24 tons in 2015

Yakutia increased gold production up to 24 tons in 2015, the head of the republic E.Borisov stated in an interview to RIA Novosti. “We can monitor a growth of gold production at the expense of launch of small placer gold deposits and increase of reserves. We anticipate an increase of production up to 24 tons in 2015. It made up 23 tons over the last few years,” Borisov asserted.

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Over 32 tons of gold was produced in Chukotka in 2015

The subsurface users of Chukotka produced 32.1 tons of gold in 2015. The production volume of silver reached 156 tons (+13% against 2014). They stated about it in the department of industrial policy, construction, housing and public utilities in the Chukotka Autonomous area.

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Russia to produce 300 tons of gold a year in the coming years

The subsoil users of Russia can reach 300 tons of gold production a year in 2016-2017, CEO of OJSC “Rosgeo”R.Panov stated in an interview to RIA Novosti. “There is good reason to believe that we will reach 300 tons of annual gold production due to active involvement of gold and complex deposits on the Far East and south of Siberia into the development and despite the crisis and sanctions,” he stated.

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