The project of Baimsk ore zone development (Baimskaya Mining Company LLC is a part of Millhouse of Roman Abramovich), including energy infrastructure development, claims for state funding, Roman Kopin, Governor of Chukotka AO, said.
In the fourth quarter of 2016, Seligdar PJSC is planning to put into operation the main body of the ore-dressing plant, tailings facility, tailings dam of Ryabinovy Gold Recovery Plant, Sergey Tatarinov, Director General, said. Earlier Seligdar expected to run Ryabinovy Gold Recovery Plant in the beginning of 2016.
Russia's central bank continues to increase gold reserves. Last year, it bought a record amount of precious metal for reserves – 206.4 tons. As a result, the share of gold in reserves exceeded 13 percent.
According to the results of 2016, the government of Kamchatskiy Krai expects a production of 6.5 tons of gold, 5 tons of silver, 400 kg of platinum, as Regional Ministry of Natural Resources informs PRIME Agency.
Polyus PJSC will complete the construction and bring to the design capacity a mining and processing enterprise at Natalka gold deposit in Magadan region by May 2019, management of information policy of the region informs.
The Ministry of the mining industry of Mongolia reported that in the first four months of 2016 Mongolia produced 7.4 million tons of coal, 2.7 tons of gold and 404.1 thousand tons of crude oil.
The auction for exploration and production of gold from deposits in the area of the Lagerny riverlet in the Republic of Tyva declared invalid, the Department of Geology and Licensing of Tsentrsibnedra for the republic reports to Prime Agency.
Rosnedra is planning to hold 36 auctions on placer gold areas in Magadan Region during the second-fourth quarters of 2016, as published by the office of list of sites for licensing in 2016.