Vasilkovsk gold (Kazakhstan) increased mining by 1.0% in January- October 2004

/KASE, November 10, 04/ - Information below is translated abstract of REUTERS. One of the biggest gold mining enterprises of Kazakhstan - JV Vasilkovsk gold - increased production of cathode gold in January-October 2004 by 1.0% to 797.7 kg from 789.7 in company's message written. The company uses technology of heap leaching of gold at Vasilkovsk field on the north of Kazakhstan, where reserves by expert evaluation are 360 t. Cathode gold in acting prices for ten months amounted KZT1.312 bn (nearly USD10 m.), the message says. Below data about metal production in 2004 and 2003 is given: ---------------------------------------------- Jan.- Jan.- Jan.- Oct. Sept. Oct. 2004 2004 2003 ------------------- ------- ------- ------- Cathode gold (kg) 797.712 716.515 789.665 Cathode silver (kg) 49.863 45.363 39.587 ---------------------------------------------- Founders of JV Vasilkovsk gold are Committee of Government property (40% of shares) and Netherlands company Floodgate Holding B.V. (60%). Authorized capital of the enterprise is two billion tenge. In Kazakhstan nearly a hundred companies deal with gold mining. (USD1=KZT131,21) [2004-11-10]