Russia says sells Sukhoi Log gold deposit to Polyus-Rostec JV
26/01/2017 08:14
MOSCOW, Jan 26 (Reuters) - Russia has sold the right to
develop Sukhoi Log, one of the world's largest untapped gold
deposits, to a joint venture of miner Polyus PLZL.MM and state
conglomerate Rostec, Russian Natural Resources Minister Sergei
Donskoi said on Thursday.
The joint venture, SL Zoloto, will buy the deposit for 9.4
billion roubles ($158 million), compared with the starting bid
price of 8.6 billion roubles.
($1 = 59.6560 roubles)
(Reporting by Polina Devitt; editing by Maria Kiselyova)
((Polina.Devitt@thomsonreuters.com; +7 495 775 12 42; Reuters
Messaging: polina.devitt.reuters.com@reuters.net))
Keywords: RUSSIA SUKHOILOG/