• 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.

  • Chaarat Gold DFS almost complete

    A LONG awaited definitive feasibility study (DFS) for the Chaarat Gold Project in the Kyrgyz Republic is largely complete with Chaarat Gold Holdings reviewing a number of processes. The company has also taken part in a successful local public hearings process.

  • Taldybulak grades increase at depth

    SIGNIFICANT wide gold and copper intersections have been returned from each of the first five drill holes in a 2500 metre diamond drilling program at Tengri Resources’ Taldybulak Gold and Copper Project in the Kyrgyz Republic. Results have also confirmed that gold and copper grades increase with depth.

  • Iluka begins exploration in Kazakhstan

    AUSTRALIAN mineral sands miner Iluka Resources has started exploration in Kazakhstan and is initially focusing on three sites in the Kostanai, North Kazakhstan and Akmola regions. One of the first tasks was an airborne geophysical survey.

  • Extension to Kumtor mine permits

    CENTERRA Gold’s Kumtor project in the Kyrgyz Republic has received an extension to July 4 of permits for emissions into the atmosphere and waste disposal into the tailings management facility. The one-month extension was granted by the State Agency of Environmental Protection and Forestry (SAEPF), which continues to review Kumtor’s annual mine plan and has until early September to complete its review.

  • Extra capacity for Kounrad plant

    CENTRAL Asia Metals has increased production capacity of the solvent extraction and electro-winning (SX-EW) plant by 50% at Kounrad Copper Project in Kazakhstan. The additional capacity has been commissioned and the company is on track to achieve its 2015 production target of 13,000 tonnes.

  • Need for step change in alumina research

    LEADING minerals industry research organization AMIRA International has shared the outcomes of a new study showing that while collaborative research into the alumina industry is active and progressive, the nature of collaboration must be broadened.

  • Australia needs to be innovation hungry

    DESPITE all the technology available in the mining sector, the industry still operates in many ways the same way it did 10 years ago, particularly in Australia. In order to overcome the current downturn and grow into the future mining needs to be more innovation hungry and forward thinking, according to Schneider Electric director Pacific - Software, James Balzary.

  • Mining industry set for recovery

    FOLLOWING a dramatic drop in revenue and exports in 2014-15 Australia’s mining industry is set to recover in the next 12 months. The substantial year-to-year volatility has been driven by increased production of some of Australia’s key resources, which resulted in a global oversupply and a subsequent slump in commodity prices.

  • CENTRAL ASIA – EBRD fund for uranium legacy

    The European Bank for Reconstruction and Development (EBRD) is setting up a new fund to deal with the legacy of Soviet-era uranium mining and processing in the Kyrgyz Republic, Tajikistan and Uzbekistan.

  • Sierra Morena to spin off projects

    SIERRA Morena Exploration (SME) intends to spin off its tailings, clinker and slag retreatment projects in Kazakhstan into a new company called NEWCO. It believes the spin-off will enable each company to better target potential investors.

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