Venus Garden Holdings is planning investment in the West Kytlim gold and platinum mine in Russia

MINEX Forum | November 20, 2017
img0 Eurasia Mining plc (LON:EUA) said Venus Garden Holdings Limited (VGH) is planning a direct equity investment in the West Kytlim gold and platinum mine in Russia. VGH – owned by Alexei Churakov, who has held positions at Goldman Sachs and Morgan Stanley – has subscribed £76,336 for 27,262,814 new ordinary shares of 0.1p each in the share capital of the ...

Central-Bank Demand for Gold Bars ‘Set to Grow’ in 2018

MINEX FORUM | November 3, 2017
img0 GOLD BARS held in reserves by central banks worldwide will keep growing in 2018 according to leading analysts, with the rate of purchases recovering from the slowest pace since 2010. “Net official sector purchases are projected to drop 5% to a 7-year low of 370 tonnes this year,” says the latest Precious Metals Weekly from specialist analysts Metals ...

Nornickel begins hot commissioning at Bystrinsky GOK, Russia SHARE

MINEX FORUM | November 3, 2017
img0 Russia-based Norilsk Nickel has commenced hot commissioning operations at Bystrinsky GOK, located in the Gazimuro-Zavodsky District of Trans-Baikal Territory, 350km from Chita. The Bystrinsky GOK comprises the Bystrinsky mining and processing plant, and will mine gold-iron-copper ores to produce copper, gold, and magnetite concentrates. The company noted that the area hosts the Bystrinsky gold-iron-copper deposit ...

Centerra Gold entered into a strategic agreement with Kyrgyz government

MINEX FORUM | September 12, 2017
img0 Centerra Gold Inc. (TSX: CG) announces that the Company and its Kyrgyz subsidiaries (Kumtor Gold Company (“KGC”) and Kumtor Operating Company (“KOC”)) have entered into a comprehensive settlement agreement (the “Strategic Agreement”) with the Government of the Kyrgyz Republic (the “Government”) on behalf of the Kyrgyz Republic. Highlights of the Strategic Agreement Full and final reciprocal releases ...