Russia and CIS
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RANKED: World’s top 10 gold projects
With gold prices hitting record highs over the past year, the question becomes whether the world can produce enough of the precious metal to keep pace with its rising demand. To give a better picture of the size and potential…
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Nearly a tonne of CO2 emitted per oz of gold produced in 2019 – report
Gold mines emitted on average 0.8 tonnes of CO2 equivalent for every ounce of gold that was produced in 2019, according to a report from S&P Global. Strong price performance has led to a large number of new gold mines…
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AUTOMATION: RCT commissions tele-remote mining fleet in Kazakhstan
KAZAKHSTAN – RCT, a company specializing in autonomous solutions, has completed a customized tele-remote project at the Ridder underground Tishinsky copper mine in Kazakhstan. RCT’s ControlMaster Teleremote solution can be tailored to a mine’s site-specific requirements. RCT worked with the…
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GOLD: Centerra exceeds production guidance, expects up to 820,000 oz. this year
TORONTO – Centerra Gold produced 783,308 oz. of gold last year, beating its prior guidance for 730,000 oz. to 765,000 oz. with both the Kumtor and Mount Milligan mines exceeding targets. All-in sustaining costs, to be released at the end…
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GOLD: Centerra receives permits to re-start mining at Kumtor
KYRGYZ REPUBLIC – Centerra Gold has announced that it received approvals and permits to re-start open pit mining at its Kumtor operation. The Kyrgyz state agency has approved Centerra’s mine development plan for this year which includes a revised waste…
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DIAMONDS: Alrosa starts drilling at flooded Mir pipe
RUSSIA – The world’s top diamond producer by output, Alrosa, announced that it has started test drilling at the Mir kimberlite pipe with the goal of figuring out how feasible it is to reopen this diamond deposit. Located in the…
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CONFERENCE: CERBA Eurasia Mining Conference set for March 2020
TORONTO – The Canada-Eurasia-Russia Business Association (CERBA) Eurasia Mining Conference 2020 will be held in Toronto this March. This conference is the largest annual Canada-Eurasia industry event with a focus on the mining industry. It provides coverage of mining trends…
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ROYALTIES: Maverix Metals boosts its portfolio with Kinross deal
Kinross Gold is selling its royalty portfolio to Maverix Metals for US$74 million in cash and shares. The deal includes a US$25-million cash component and 11.2 million shares in Maverix, which will give Kinross a 9.4% interest in the growing…
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Norilsk Nickel growth strategy risks dividend cut
Norilsk Nickel (US-OTC: NILSY) plans to boost spending on new projects over the next decade to increase production and capitalize on the growing electric car trend, but investors may need to brace for lower dividends down the road. The Russian metals…
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DIAMOND: Alrosa unearths matryoshka diamond in Yakutia
YAKUTIA, CIS – Russian miner Alrosa has unearthed a one-of-a-kind diamond at its Yyruba division. It is named after the traditional Russian matryoshka dolls because it contains a diamond within a diamond. More astounding is that the inner stone freely…
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COAL: Technology boosts productivity at RusCoal’s Khakassia mine
RUSSIA – Russian Coal saw a 5% increase in productivity at its Stepnoy pit just two months after the company installed, in the mine’s BelAZ dump trucks, a technological solution called Karier Mine Fleet Management System, which is produced by Vist…
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GOLD: Kinross makes US$283M acquisition in Russia
Toronto-based Kinross Gold is expanding its portfolio in Russia with the acquisition of a large, open pit development project in the country’s Far East region. The company is paying US$283 million for the Chulbatkan project to N-Mining, $113 million in…
