Market news /October 2009/
POLYUS and ALROSA are interested in developing Dzheruy deposit site in Kirgizia
Eight companies interested in developing Dzheruy lode gold deposit in Kirgizia applied to the government of the country and the State Agency for Geology and Mineral Resources of the republic, informed the liaison office of the Agency. read more »
Petropavlovsk increased gold output in January –September by 29% to 346 thousand ounces
Petropavlovsk Group increased gold output in January –September by 29% to 346 thousand ounces.
According to the information provided by Petropavlovsk, the company remains confident of achieving the target of increasing gold output to 500 thousand ounces in 2009. read more »
Gold output in Russia increased in January – September by 8.9%
According to the information of Rosstat, gold output in Russia increased in January – September by 8.9% compared to a similar period of the previous year. read more »
Petropavlovsk reached an agreement with the Chinese Xuan Yuan about a joint project at Far East
Petropavlovsk PLC (former Peter Hambro Mining) signed an agreement on cooperation with the Chinese Xuan Yuan Industrial Development Co. Ltd. (XY-Group) providing for joint development of Kimkano-Sutarskoye iron ore deposit at Far East. As stated by Petropavlovsk, XY-Group is to provide at least 70% of the funds needed for implementation of the first phase of the project ($375 million). read more »
Polyus submitted to the State Committee for Subsoil Usage (GKZ) an application to increase the reserves of Nezdaninskoye deposit by 32%
“Polyus Zoloto” OJSC (RTS: PLZL) submitted to the State Committee for Subsoil Usage an application to increase the reserves of Nezdaninskoye deposit in Yakutia by 151.6 tons, as the company informed Interfax. read more »
The Russian Union of gold miners expects gold production in Russia in 2009 to reach 205 tons
The Russian Union of gold miners expects gold production in Russia in 2009 to reach 205 tons, which is 11% more than in 2008, informs the Union. read more »
KazakhGold delays publication of the financial reports for the first half of the year due to management change
KazakhGold delays publication of the financial reports for the first half of the year due, as stated in the memo of the company. read more »
