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EastRussia Bulletin: Gold production in Yakutia in the 1st quarter of 2018g increased by 27% - EastRussia | Far East

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Bulletin EastRussia: Gold mining in Yakutia in the I quarter 2018g increased by 27%

Bulletin EastRussia: Gold mining in Yakutia in the I quarter 2018g increased by 27%
Photo: EastRussia
In Yakutia, gold production is increasing, new projects are being discussed in the industry, the latest issue of the EastRussia bulletin says. In the first quarter of this year, the volume of gold production in the republic increased by 27%, compared to the same period of the previous year, amounting to 2,4 tons.

Gold mining in the region was carried out by enterprises of PJSC "Seligdar", PJSC "Polyus", Zapadnaya Gold Mining Ltd, OJSC "GeoProMining" and Nordgold.

Reportedly, JSC Seligdar Gold, which is part of the Seligdar Group, won an auction for the Yakutian gold mine Yasnaya Polyana (Aldan district). The site is planned to be used as a resource base for the Podgolichny GRC, which is owned by the company, which is located nearby (at 45 km southeast of Aldan). The reserve of the site is 1,5 t gold, but in the coming years it is planned to conduct additional exploration. The company expects an increase in the reserves of the field to 5 t. In addition, the company with the Chinese capital of LLC "Jinhitown-Zolotoservis" (90% owned by Jinhataun Far East LLC, which is part of Shiyan Intellectual Scientific and Technical Company Jinhataun) intends to become a resident ТОР "South Yakutia" with the project on creation of production of mining equipment for the extraction of alluvial gold. The volume of investments in the project has not yet been disclosed.

Also in the period under review, the volume of silver mining in the republic increased by almost 88% (to 43,8 t). The increase in silver production was ensured by the beginning of the pilot-industrial development of the Verkhne-Menkeche (Tomponsky) deposit, carried out by OOO GeoProMining Verkhne-Menkeche (owned by S. Povarenkin, owns the gold-antimony JSC "Sarylakh-Antimony" and OJSC "Zvezda" in Yakutia , as well as assets in Armenia).

A detailed analysis of this and other relevant topics can be found in the weekly bulletin EastRussia (https://www.eastrussia.ru/subscribe/).