Gold Mining In Armenia

Gold mining and the mining industry in common is very important for the economy of Armenia, contributing Approximately one half of its total exports. The main mineral is molybdenum but Armenia is also to have significant gold reserves located in its territory. The country has Approximately 13 operational gold and gold polymetallic mines. There are also several other deposits still in development. This means that the country still has to be considered a great potential for gold investors. 

Armenia Gold mines
Armenia has a history of gold mining that goes back many centuries. Most of the early gold mining was done in the early years, to finance the construction of religious locks in early Asia. During the Soviet era, the country had a modest gold sector with the production in 1989 slightly more than two tons of gold. 

The gold production after the split from the Union in 1991. The country went to below 1000 kg in 1995. by a depression, but has recovered and now gold is one of the main exports. The growth of gold production in recent years has been adopted by the legal reforms in 2012 in collaboration with the International Finance Corp (IFC), reviewed the government of Armenia and adopted its new mining law in 2012 so that further opening Aided was its mining sector. This has seen an increase in domestic gold production in recent years. The new mining laws Permit a two-tier licensing structure that will Aid the industry attract investment.

Gold Mining In Armenia

The mining sector to invest, a 4% tax on gross income, 12.5% ​​royalties based on the result. All these royalties are important deductions that arrive before a 20% corporate tax and the interest will be charged.

The gold mining in Armenia has more foreign investment. The first Dynasty Mines, which is registered in Canada, was the first foreign company to invest in the country’s gold sector. In 1997, the First Dynasty Mines bought a stake in the Ararat Gold Mining Plant. The plant was later converted to the Ararat Gold Recovery Company, before it was sold to GeoProMining Gold in 2007. 

Geo ProMining Gold is the largest gold mining company in Armenia is operating both the Ararat gold recovery plant and Zod (Sotk) mines , The company reconstructs the gold processing plant at Zod mines in 2013 to use a new technology Albion. This technology was developed by the Australian company Xstrata Technology and has been applied for the first time in the Dominican Republic. Armenia is now in the world to apply the second country. The Albion technology enables the company to simultaneously process different types of ores. This is expected to contribute to Approximately 4.6 tonnes per year gold production from the mine to.

Another important player in the gold sector of the country is the Lydian international, another Canadian gold mining company. The company owns and operates the Amulsar gold mine open pit, which is located in southern Armenia. The company has its major discovery in 2006 and the development of the mine in 2012 with production in 2015.

The Amulser gold deposit is estimated that Approximately 2.3 million ounces of gold reserves at 0.8 g / t and approximately 9.98 million ounces of silver contained begun starting in a content of Approximately 3.4 g / t. It is estimated to produce the gold mine Approximately 6.25 tons of gold per year for 10 years. 

Another major player in the Armenian gold mining the Dundee Precious Metals Inc., through its subsidiary Deno Gold, which owns the Deno Gold Project in southern Armenia and operates. The project is expected to comprise around 400,000 tons of polymetallic gold and silver ore. The company is also working on the shahemyan deposits still in Deno Gold Project. 

Video Gold Mining In Armenia And Mining Industry Today

Precious Metal Refiners Purify Gold ( Video )

Throughout the world there are mines that are extracting precious metals out of the ground and sending them to gold refiners where they can be purified. Taking the lumps of rock and ore that are mixed together in veins the precious metal refiners are able to extract the gold from the rest of the rock by melting it down.

Once in a liquid form the gold can be poured and cast into ingots or molded to form chains and other jewelry. By superheating the raw minerals to their boiling point gold refiners are able separate the rock and purify the precious metal to its full glory.

As gold is not always as shiny and brilliant when it is unearthed as it is once it has been refined most people do not recognize the valuable mineral if they were to stumble upon it while hiking. Running in veins through the rock the precious ore is mixed with all kinds of material that has to be separated and sifted before the gold receives its luster.

In many instances only the dull yellow tint of a rock reveals the gold that is hidden beneath the earth. Through the process of refining the dirt and other minerals fall away until all that remains in pure gold. However, most of the minerals that are surrounding the vein of gold contain other precious metals refiners can use in their work. Platinum, palladium, rhodium and silver can be found alongside the gold 

Gold Mining In Eritrea Africa

Eritrea is one of the developing countries in the production of gold in Africa. Having gained its independence in 1992, the country is relatively young compared to other African countries. Eritrea has worked its natural resources for some time and now several projects to be developed. It is expected that approximately four major mines will be operational in 2018.

The country has only a commercial gold mine, mined with most of its gold from Little artisanal miners. Nearly all of the Large gold deposits remain intact.

Eritrea has a Far history of gold mining. Early gold mines in the country were artisanal miners, mined gold from gold deposits along the route of the Red Sea, especially around the Arabian Nubian Shield. As part of Empire of Ethiopia.This country never had the influence of white colonialists and so most of its resources have been discovered and mined by the locals.

The civil war with Ethiopia which led in 1992 for the independence of the country disrupted and also most of the mining activities in the country, and this could be pointed out as the main reason why the country, AEOS mining sector is the least developed.

The government in recent years has been hand in hand with foreign investors to set up and operate a strong gold mining in the country . Most of these companies are involved in exploration activities in several places are already working to develop various gold deposits. Some of the major international players in the country, AEOS gold sector include:

Junior Sub-Sahara Resources

This is an Australian company that owns Approximately 80% in three main exploration licenses in Eritrea. The company has rights to the Dabarwa block, Adi Nefas block and Medrizien block which covers Approximately 1,200km2. These are very promising grounds around the country, AEOS capital Asmara. The company is also working on developing and mining the Zara gold project, after 70% of the project of Dragon Mining NL 2003

The company recorded success in its gold projects to Asmara with significant gold mineralization having been discovered the ancient plant to the Woki Duba and Medrizien sites. Several other minerals such as zinc, have found lead sulphides and copper also in major exploration sites.

Rift These Resources
is another major gold mining companies in Eritrea. The company has been active in the last few years in gold and some other base metal exploration in several places within the country. Its principal gold project is the Adi Nefas project is located north of Asmara. Today that is projected was Approximately 4.4 g / t grading and Approximately 165 g / t silver to have appreciated. Other major projects that the company owns include Nefasit mount Subab project Tekeze field gold project and the Kefina project. The company also owns Approximately 40% of the shares in Anglo American, AEOS Augaro Gold Project.

Nevsun Resources Ltd

This is an important Africa focused gold mining company . The company has four exploration licenses on a project that covers over 1,188km2 in Augaro area. The company also owns 60% in the Bisha Mining Company with the remaining shares by the Eritrean National Mining Corporation (ENAMCO) is owned. The company mines gold, copper and zinc from several mines within the country.

Sanu Resources Inc.
This is another major gold mining companies with an interest in Eritrea, AEOS gold sector. The company grew out of the British Virginia Island and has exploration and mining licenses for Kerkebet and Gieba regions in the northern parts of the country.

What Is Gold Bar ( Video )

Gold is something with which we all are familiar. It is a metal, which changes life with its value. It makes business with what it is worth of and opens a completely new line of opportunities in financial sector. It indicates power, strength, and wealth. A possessor of this metal is looked upon with respect.

Moulding a metal in shape of bars is a common practice. Sometimes, it is for convenience in storage and sometimes for ease in shipment. In case of gold, it is mainly to store the metal, as gold being a precious metal, is usually not shipped in that huge quantities that is difficult to move as such. Therefore, as the name implies, a gold bar is a bar shaped piece of the metal, gold.

The gold bars, which are available are of different types, have different weights and thus different values. The procedure by which the gold bars are prepared or manufactured is the distinguishing factor in its different types. Mainly   gold  bars are manufactured using two different type of  methods , casting method or the minted method.

Casting the gold involves, at the very first, the purification of the gold and then its liquefaction. It is then poured into a mould, which is a hollow tank with a desired shaped cavity inside it. After pouring the liquid metal, the setup is left for a particular time, and is allowed to cool. The final step is to eject or break the metal, which in this case is gold, out as per the requirement.

The second major method of its formation is minting. Though mainly used for making coins, this  method  is also used for  gold . It involves cutting a gold piece in required dimensions by a piece of gold used as a tool. The markings on the gold bar are made from mechanical presses. We usually see gold bars in movies in the form of 400-ounce London goods delivery. These are quite famous and this is the very type held by many central banks. Its standard weight is 12.44 kilograms.

There is a certain mystery related to gold bars. The mystery finds its origin in China. It is not merely a story, but it indicates and highlights the importance of gold, its bars in human lives, and in their dealings related to money even in the past. It is said that seven gold bars were issued to a General named Wang, of Shenghai back in 1933.

After that, the bars became common and were to act as bank certificates as a return to money deposits. There are markings and words written on these gold bars but in a script, which is not recognised yet, thus making the use of the bars quite mysterious. However, by this mystery it became clear that gold bars in that time were used as a money exchange certificate.

Gold tola bars are common these days. This means that bars are weighed in tolas and are kept by governments all over the world in their central banks, indicating their wealth and power of their currency. Even locally, the people like investing their money in gold and purchase the bars. They like to keep them and sell these money carriers when their value maximises. This has become a profitable business.

Melting Pure Gold Sponge and Pouring a Gold Bar

Metallurgy In Mining Video

What do we know about metallurgy? Metallurgy is branch of science that deals with the procedures used when extracting metals from ores, purifying and alloying them. This also involves the study of the procedures used when making objects out of metals. Yet, to be able to understand fully all about metallurgy, it would be better to have a short glimpse of the history of metallurgy.

One of the oldest processes of applied science is the process of metallurgy. Its history would give us a good view of how the process developed and its association with metals. The history of metallurgy occurred around 7,000 BC which what they call the age of copper. It is the period between the Stone Age and the Bronze Age which could also be considered the turning point between Stone to Metal. 

The first process was purely accidental when the copper enter into the fireplace campfire hot. Obviously, the copper melted and when it cooled people noticed the change of its shape. The development of the process was also contributed by the magic of the fire. We could learn from the history of metallurgy that people in the old days relied on the fire for the metal processing 

In the 2800 BC comes the Bronze Age which is another development in metallurgy. People have become brilliant that they made an alloy of copper and tin since both was commonly found in the same ore. Which results bronze and bronze has become a commodity was used for the weapons of the armies as well as used as money for trade. 

In the 1500 BC, another breakthrough was found in metallurgy. It is the discovery of iron which was considered the most abundant metal in the earth but was difficult to extract.

By this then, in the 11th century, people pushed their luck and tried to heat the iron with charcoal in such a way that the carbon from the charcoal can be transferred to the iron.

With this, the metal would be hardened and the Age of Steel came. Yet, iron has become a continuous challenge to most metallurgists since it’s very hard which can only be hammered but can’t be melted. In the 513 BC, Chinese were able to think of a furnace strong enough to heat iron.

Metals nowadays are a commodity. From the buildings, the houses, to the littlest tools we use everyday; the magic of metals is involved. Without them, everything wouldn’t be that easy. One after another, metals have developed and evolved. Over the years, people never stopped adding bits to the history of metallurgy making way for the metals to be obviously useful and one of the most important things in our daily lives nowadays.

Video Metallurgy In Mining Old Kennecott Smelter Utah