Russia, Kyrgyzstan Metals and Mining
In 2016, Highland Gold produced 261 thousand troy ounces (8.12 tons) of gold and gold equivalent against 262.4 thousand troy ounces (8.16 tons) in 2015.
In 2017-2018, three concentrating plants are planned to be built in the Kemerovo region and the share of coal processing should increase from the current 72% to 90% by 2020.
Highland Gold, the largest shareholder of which is Roman Abramovich, wants to attract Chinese investors to the development of the Unkurtash deposit in Kyrgyzstan.
In these challenging times, when geologists are trying to "stretch" shrinking budgets in every way, some Australian states and territories are finding new ways to attract investment into exploration, including measures to stimulate co-financing of drilling and finding new innovative ways in geological prospecting.
At the same time, a variety of Australian and New Zealand jurisdictions are actively revising their regulatory regimes that govern (but often hinder) the legal framework for exploration. While many jurisdictions have announced their intention to "remove unnecessary red tape and streamline the negotiation process", the actual transition to a regulatory regime is often time-consuming and erroneous.
Vostok-geoldobycha, which won the license for Jerui deposit in Kyrgyzstan, has made a change of shareholder in June: The Cypriot Liontaine Holdings Ltd, 40% of which are owned by the Kyrgyz entrepreneur Alijan Ibragimov, became one of founders (99.9%).
Prior to July 18, 100% of Vostok-geoldobycha belonged to Amur Zoloto (a part of Russian platinum). In early June, the Ministry of Justice of Kyrgyzstan registered Alliance Altyn (owned by Denis and Musa Bazhaev on parity basis), which owns 60% of Liontaine Holdings Ltd.
Previously admitted contender Aldanzoloto GRK (a subsidiary of Polyus Gold Int) has refused to participate in the second stage of the competition for the right to use natural resources for the development of the Jeruy gold deposit and geological study of the Jeruy area.
The second stage of the competition takes place in Bishkek today, on April 28. Secretary opened the documents of the two remaining contenders: East-geoldobycha (a part of Russian platinum) offered $100 million, including bonuses and benefits package; Kyrgyzaltyn together with Unity Gold Mining also proposed $100 million under the condition of the continuation of the competition for 2 months.
OJSC “Magnitogorsk Iron-and-Steel works” (MMK) opened a representative office in Shanghai, is said in a statement of the company. The office in China is aimed to establish connections with partners, attract suppliers and monitor the Chinese market. S.Kolesnichenko, ex-chief financial officer of MMK Metalurji (Turkey), is the general representative of MMK in Shanghai.
The Japanese PM Shinzo Abe met the Kyrgyz President, Almazbek Atambayev in Tokyo. During the negotiations the agreement about development of bilateral economic relations was signed and importance of cooperation in the sphere of rare-earth metals mining was specified. “We’ll provide the financial support to the Kyrgyz government for the development and improvement of economic situation stimulating promotion of Japanese companies at the Kyrgyz market”, Shinzo Abe said.