Russia mineral extraction

Gold-producing “Sovrudnik” took 10 BelAZ trucks on lease

The gold-producing “Sovrudnik” in the Krasnoyarsk region took 10 BelAZ on lease for 663 million roubles. The press-service of the Krasnoyarsk department of Sberbank stated.

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In January-July, coal production in Russia grew by 6% to 217.3 mln tons

In January - July 2016, the coal production in Russia increased by 6% compared to the same period in 2015 and amounted to 217.3 million tons, the Central Dispatch Department of the Fuel and Energy

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Gold of Kamchatka increased gold mining by 3 times to 92.1 thousand ounces in H1 2016

In H1 2016 Gold of Kamchatka increased gold mining by 3 times to 92.1 thousand Troy ounces against H1 2015.
Silver production in H1 2016 rose by 9 times to 129 thousand ounces.

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AngloGold Ashanti sold its assets in Asachinsky project in Kamchatka

The South-African AngloGold sold its share (31.2% shares) in the Asachinsky project in Kamchatka to British Trans-Siberian Gold. The deal is valued at $16.5 million. Interfax reports.

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Drilling operation is over at the Baranyevskoye gold deposit

JSC “North-east production geological association” (part of “Rosgeo”) has completed drilling operation at the Baranyevskoye deposit in Kamchatka.

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Yakutia. Gold production made up 7.5 tons in Jan-June 2016

There have been produced 7 649.5 kg of gold in Yakutia in the first half of 2016 (-7.5% y-o-y), they say in the Ministry of Industry of the republic of Sakha (Yakutia).

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Polymetal to start mining of gold from Komarovskoye in Q4

Polymetal Int has completed the deal on acquisition of Orion Minerals, which owns the license for the Komarovskoye deposit with resources of about 43.5 tons of gold in Kazakhstan, from Kazzinc - a

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Nordgold produced 13 tons of gold in H1, 2016

The international gold-producing company Nordgold produced 422.6 thousand ounces (13.14 tons) of gold in January-June 2016 (-17% y-o-y), runs the company’s statement.

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Polyus and Rostec create joint venture for auction for Sukhoi Log

As the Kommersant has got to know, the gold mining company Polyus of Suleiman Kerimov’s son Said and Rostec have created a joint venture SL Gold for participation in the auction on the larges

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Akron starts rare earth metals production

The production of rare earth metals has been launched at Akron (Velikiy Novgorod, in the structure of the Akron group). Its capacity is 200 tons of oxides of rare earth metals a year.

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