Russia, Kazakhstan mineral extraction

Engineering development of gold ore project Kyzyl in Eastern Kazakhstan region to be over in Q1

Engineering development of the Kyzyl gold ore project in East Kazakhstan region will be completed in the first quarter of 2017, the press centre of Polymetal reports.

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Russian Copper Company to develop new deposit in Kazakhstan

The Eurasian Development Bank and the Russian Copper Company (RMK) have signed agreement of intent.

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Sberbank to provide "Kazakhaltyn" a loan of $ 14 million.

SB JSC "Sberbank" and the largest enterprise in gold sector in Kazakhstan JSC "MMC Kazakhaltyn" made a deal to raise financing for the amount of 4.7 billion tenge ($ 14 million)

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Kazakh “Raigorodok” to produce 1.5 tons of gold in 2018

Kazakhstani RG Gold (former “Raigorodok” LLP) plans to produce 1.5 tons of gold in 2018 from the ore of the deposit Raigorodok in the Akmolinsky district (Kazakhstan). It is by 50% more than in 2015, chief executive S.Syzdykov stated.
He asserted that “Raigorodok” produced 1.012 tons of gold in 2015 (+1.8 times y-o-y), local mass-media writes.

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Much ado on gold market

At the conference after the opening of a hot leaching shop at the Suzdal mine, general director of Nordgold Nikolai Zelensky has told about development of the company in Kazakhstan, as well as the plans for the near future, and about his vision of the dynamics of world prices for gold.
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On June 8, Nordgold launched the hot leaching shop to extract gold from technological waste of the Suzdal deposit in Kazakhstan, investment in the project amounted to $5.8 million.
The Outotec’s technology of alkali treatment at high temperature enables to increase the rate of extraction of gold from double refractory ores. Both historical and future Suzdal technological waste of the CIL-process (CIL - carbon-in-leach) - more than 130 thousand tons per year – can be processed. Approximately 195 tons of process waste from the current process will come every day to hot leaching, and the same volume - from tailings, said rotational technologist of the metallurgical plant Zhangazin Kurmangazy.

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Polymetal International agrees with Sberbank on financing Kyzyl gold project worth $ 350 million.

Polymetal International had agreed with the RF Sberbank on financing Kyzyl deposits worth nearly $ 350 million, Vitaly Nesis, CEO Polymetal International, stated at a press conference in the framework of the VII International Mining and Metallurgical Congress Astana Mining & Metallurgy.

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Polymetal to increase production in Kazakhstan up to 13 tons

Polymetal Int plans to produce up to 13 tons of gold in Kazakhstan by 2020, managing director of JSC “Polymetal Managing Company” in Kazakhstan C.Dosmukametov.
“Polymetal Managing Company” is one of seven largest gold producers in Kazakhstan. The share of our company makes up 6.2%. There realized JSC “Varvarinskoye” in Kostanay region. We plan to be the second largest gold producer in Kazakhstan with the realization of “Kyzyl” project,” he said at the mining forum, held in Astana.

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Kazakhstan: construction of “Kyzyl” to start in Q2, 2016

The Board of Directors of “Polymetal” took a decision to start the project “Kyzyl”, including the deposits Bakyrchik and Bolshevik (Zharminsky district, East Kazakhstan region) after receiving positive feasibility study.

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Russia Minerals:Review and forecast of market development: Q3

In the first nine months of 2015, the Russian index of mineral resources mining grew by 0.3%, and the index of mining of metal ores increased by 1.6%. The index of metallurgical production and output of finished metal products fell by 5.7%.
In the non-ferrous metallurgy production the index decreased by 8.1% due to the reduced putput of products of increased technological readiness, delivered to the domestic market. The index of mining and enrichment of non-ferrous metals grew by 3.1%. The domestic demand for non-ferrous metals decreased by 20%, while the export grew by 1.7%.
According to the Russian Statistics Committee, in January-September 2015, the ore mining and production of gold concentrates decreased by 4.1%, the production of gold bullions - by 2.1%. According to the Ministry of Finance, the total gold production decreased by 0.6% to 215.868 tons, including primary production decreased by 0.7% to 173.82 tons, byproduct production - by 26.5% to 9.69 tons, and scrap production grew by 11.9% to 30.95 tons.

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Polymetal to bring Kyzyl at 10 tons of gold in 2019, the project cost - 538 million dollars.

Polymetal Int (which combines the assets of JSC "Polymetal") plans to begin the full-scale construction of the Kyzyl gold project in Kazakhstan in Q2 2016, ore processing will begin in H2 2018, the first year of production at full capacity will be 2019, according to the company.
Gold production at the flotation factory with the capacity of 1.8 million tons per year will be an average of 325 thousand ounces (10.1 tons) of paid gold per year in the concentrate for a period of quarrying and averages 270 thousand ounces (8.4 tons) of gold in the concentrate during the service life of an underground mine.
Metallurgical recovery in the concentrate was 91% at a concentrate output ratio of 6.5%. The average content of gold in concentrate production was 10.8 g/t.

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