Metals and mining, Georgia Metals and Mining

Noricum Gold promotes Tsitel Sopeli and Kvemo Bolnisi projects

Noricum Gold Ltd has announced that it will boost start of the production at low-cost gold and copper Georgian projects Tsitel Sopeli and Kvemo Bolnisi, what is aided by a small depth of ore occurrence.

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Georgia increased gold export by 29.4% in Jan-September

​Rich Metals Group (RMG) - the only gold producer in Georgia - on the results of Jan-September 2015 increased gold export by 29.4% against Jan-September 2014 – to 2.2 tons, export of copper ore and concentrate rose by 10.6% to 166.2 thousand tons, the National Service for Statistics reports.
In Jan-September the revenue of RMG Gold from gold export rose by 64.6% to $46.1 mln while the revenue of JSC RMG Copper from copper ore export and concentrate fell by 7.4% to $186.1 mln.
On the results of 2014 RMG reduced gold export by 46.5% to 2.3 tons, copper ore and concentrate export rose by 51.2% to 187.2 thousand tons.
Rich Metals Group from mid 2012 unites 2 enterprises in Georgia - RMG Gold and JSC RMG Copper- which develop the Madneuli deposit of polymetals in the south of Georgia.
GeoProMining, GPM Ltd in June 2012 sold its affiliate GPM Georgia BV for $120 mln which developed the Madneuli deposit.

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The first deputy general director of Norilsk Nickel Pavel Fedorov: Resourse base allows Norilsk Nickel to be one of world leaders in the sector

The first deputy general director and CEO of Norilsk Nickel Pavel Fedorov has noted in an interview with the Kommersant that working on the implementation of the tasks of the Development Strategy through until 2025 "we have rather deeply analyzed every step of the creation of value at our high-class production sites, identified key bottlenecks and consider, what investments they can be untied to discover the potential of the business".
According to Fedorov, the restructuring of the metallurgical treatment of the company is an important part of the strategy. The focus is made on the north of the Krasnoyarsk Territory, on the upgrade of Norilsk Nickel’s Zapolyarny subsidiary. After all, the main first-class assets of Norilsk Nickel are located on Taimyr.

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In the first 9 months, gold exports from Georgia grew by 7%

In January-September of 2013, Georgia exported 3.1 tons of gold that is by 6.9% more than in the same period of 2012, the National Statistics Service of Georgia reports.

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