The Agency of the Far East on investment attraction and export support has offered the Canadian Kinross Gold Corporation to take part in prospecting on the territory of Magadan region. The agency presented two gold-bearing sites to the company. Balance reserves of gold in the region are estimated at 376.7 tons. 32 companies own licenses…
Kinross Gold has finalized the deal to purchase a project to develop the Chulbatkan deposit in Khabarovsk region from N-Mining Limited fir $283 million. The ore will be processed by ways of heap leaching. This year Kinross will invest some $10 million in prospective drilling. Estimated reserves of the deposit are 3.9 million ounces of…
The Federal Antimonopoly Service has allowed Kupol Ventures Limited to buy the Third Mining and Geological Company. Via the former Kinross Gold owns the Kupol deposit in Chukotka and via the latter N-Mining Ltd is developing the Chulbatkan gold deposit in Khabarovsk region. Kupol was allowed purchasing 100% of the mining company shares. Kinross bought…
Kinross Gold Corp has announced the lack of interest in concluding new deals in Russia. In July the company bought the Chulbatkan gold ore project from N-Mining for $283 million with $170 million to be paid in shares. In the past few years Kinross has been offered several major assets in Russia, but the company…