• Orsu sweats on finalising Karchiga sale

    ORSU Metals Corporation is dependent upon completing the sale of its Karchiga Copper Project in Kazakhstan before it can satisfy a share purchase agreement (SPA) to acquire the Sergeevskoe Gold Project in eastern Russia. With the Karchiga sale to Karasat Trading FZE not closing as expected on February 15, Orsu has negotiated an amendment to the SPA.

  • White Cliff expects new Aucu estimate

    WHITE Cliff Minerals has engaged consultants to complete a new resource estimate for the Aucu Gold Project in the Kyrgyz Republic. The new estimate is expected to add to the existing resource of 1.2 million tonnes @ 4.2 g/t for 156,000 ounces of gold.

  • Kumtor tailings project approved

    CENTERRA Gold will begin a three year construction program to raise the tailings dam at the Kumtor Gold Project in the Kyrgyz Republic to the 3674 metre elevation after receiving the relevant permits from Kyrgyz authorities. The project will provide adequate tailings storage capacity for mill tailings deposition from 2021 until the end of 2024.

  • Chaarat raises funds for Tulkubash

    CHAARAT Gold Holdings will use US$15 million raised by issuing short term senior secured convertible loan notes to advance its Tulkubash Heap Leach Project in the Kyrgyz Republic. The company is moving in to the first phase of development at Tulkubash, which forms part of the larger Chaarat Gold Project in the country’s west.

  • CAM to acquire Shuak property

    CENTRAL Asia Metals (CAM) is acquiring an 80% interest in the subsoil use contract for the Shuak copper exploration property in northern Kazakhstan from local company GRK-Aksu. CAM intends to invest US$2 million in exploration activities.

  • Aktogay sulphide commissioning begins

    PRODUCTION of the first saleable copper concentrate from sulphide ore at KAZ Minerals’ Aktogay project in Kazakhstan is expected by the end of the March quarter of 2017. The AIM-listed company is also ramping up production at Bozshakol after commissioning of the clay plant.

  • Visible gold at Aucu outcrop

    A VISIT by White Cliff Minerals managing director Todd Hibberd to Aucu Gold Project in the Kyrgyz Republic has resulted in visible gold being identified in a quartz outcrop. The company has planned an additional drilling program to target the quartz veins.

  • Inkai uranium JV to be restructured

    A NEW agreement between Cameco Corporation, Joint Stock Company National Atomic Company Kazatomprom and Joint Venture Inkai LLP will result in a restructure of JV Inkai, which operates a uranium mine in south Kazakhstan. It will result in a doubling of annual uranium production to 4000 tonnes, or 10.4 million pounds of U3O8 as well as possible construction of a uranium refinery.

  • Bulldozer reveals new Aucu gold zones

    THREE new mineralised zones have been identified while bulldozing roads at White Cliff Minerals’ Aucu Gold Project in the Kyrgyz Republic. The new gold zones are approximately four, seven, and seventeen metres wide and visible gold was panned from a 1kg sample taken from the widest zone.

  • Tengri study does not stack up

    AFTER completing a scoping study for the Taldybulak Gold-Copper Project in the Kyrgyz Republic Tengri Resources has decided not to proceed with development of the project. The decision also encompasses the nearby Andash project.

  • Study shows low Chaarat production cost

    THE draft results of a feasibility study for Chaarat Gold’s project in the Kyrgyz Republic shows the Chaarat project has a very low cost of production of US$635.20 per ounce and values it at US$351 million based on a US$1250 gold price. The study is based on an estimated 53 million tonne reserve, grading 2.79 grams/tonne for a total of 4.7 million contained ounces of gold.

  • Kumtor continues strong performance

    CENTERRA Gold’s Kumtor project in the Kyrgyz Republic continues to perform well with 103,701 ounces of gold produced in the quarter ending September 30, compared to 95,262 ounces in the corresponding period of 2014. The company also revised its 2015 production guidance with the lower end of the range increased by 20,000 ounces to reflect better production estimates for Kumtor and for Boroo in Mongolia.

  • White Cliff intersects high grade gold

    ASSAY results from the 2015 reverse circulation (RC) drilling program at White Cliff Minerals Aucu Gold Project in the Kyrgyz Republic continue to deliver exceptional high grade gold mineralization. The best recent result was 8 metres @ 55.2 grams/tonne (g/t) gold with this hole extending the Upper Gold Zone (UGZ) by a further 300 metres along strike.

  • Pakrut processing plant commissioned

    China Nonferrous Gold (CNG), formerly Kryso Resources, has successfully commissioned the processing plant at the Pakrut Gold Project in Tajikistan. This task was completed in early October with the company then proceeding to commission the smelting plant.

  • Approval for Kounrad expansion

    CENTRAL Asia Metals has been given the green light by authorities in Kazakhstan to begin an expansion project at its Kounrad copper recovery project. The approval allows the company to exploit the copper contained in the Western dumps.

  • Kumtor on track for 2015 guidance

    CENTERRA Gold is on track to meet production guidance of between 470,000 and 520,000 ounces for 2015 at the Kumtor project in the Kyrgyz Republic following a good June quarter. Higher grades, recoveries and mill throughput enabled Centerra to produce 122,111 ounces compared to 77,860 ounces in the corresponding period of 2014.

  • Pakrut gold production set to start

    CHINA Nonferrous Gold is on track for first production at the Pakrut Gold Project in Tajikistan during the current quarter. The company, formerly known as Kryso Resources, is targeting completion of the processing plant in September and the smelter in October. This follows delays caused by adverse weather and problems with the company’s plans to import a Chinese labour force.

  • Kounrad incident impacts guidance

    AN incident at the solvent extraction (SX) section of Central Asia Metals (CAM) Kounrad copper cathode producing facility in Kazakhstan in June has led to the company reducing its production target for 2015. The target has been revised down from 13,000 tonnes of cathode copper to 12,000 tonnes.

  • Dalabai project sold to Kazakh company

    CENTRAL Asia Resources (CVR) has received first funds from the sale of its 90% interest in the Dalabai Gold Project in southern Kazakhstan. The purchaser of the operating project is private Kazakh entity Uroven OMP LLP.

  • Sekisovskoye moves underground

    MINING focus at the Sekisovskoye Gold Project in Kazakhstan is shifting from open pit to underground mine as operator GoldBridges Global Resources seeks to boost output by 1000% by 2018. By the end of the year the company formerly known as Hambledon Mining will have closed the pit and be mining completely from underground.

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