Russia's Rostec may sell 25 pct in Sukhoi Log JV to Polyus
26/12/2016 21:00
MOSCOW, Dec 27 (Reuters) - Russian state conglomerate Rostec
would consider selling 25 percent in the joint venture created
to develop giant Sukhoi Log gold deposit with Russia's largest
gold producer Polyus PLZL.MM to the partner in the JV,
Rostec's head Sergei Chemezov said.
Sukhoi Log, one of the world's largest untapped gold
deposits, has remained undeveloped for half a century. Russia
has been promising to sell the license for more than 20 years.
Russia is expected to hold an auction to sell the deposit in
January. Rostec and Polyus had established the JV to take part
in the auction.
(Reporting by Gleb Stolyarov; writing by Vladimir Soldatkin;
Editing by Katya Golubkova)
((vladimir.soldatkin@reuters.com; +7 495 775 12 42; Reuters
Messaging: vladimir.soldatkin.thomsonreuters.com@reuters.net))
Keywords: RUSSIA ROSTEC/POLYUS