Georgia, Russia Metals and Mining

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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