SAKHA ENTERPRISES CORPORATION
Toronto-based Sakha Enterprises Corporation was founded to seek out extraordinary opportunities that exist in the natural resources industries in selected world economies and advance such opportunities through partnerships in host countries. This will enable access to global public financial markets and major stock exchanges in order to cultivate corporate growth.
On this website, and through Sakha News Releases, shareholders and investors will be kept apprised of the Company’s progress and significant corporate and industry developments as Sakha’s exciting business plan unfolds in the months ahead.
One of the most significant untapped natural resources anywhere is Russia’s world-leading expanse of mature timberlands that have a value, at today’s prices, in the hundreds of billions of US dollars. To date, we have acquired one forestry company in Buryatia in the Russian Federation and we are actively pursuing one other. Both companies have an Annual Allowable Cut of 5 million cubic meters. Buryatia is close to China, which has seen a double-digit growth in its demand for timber products and has to import a significant portion of this.
The Russian Gold industry is the most international of the natural resources industries in Russia, with several Western companies being engaged in this industry with sizeable investments.
Sakha has acquired a company in Buryatia with estimated reserves of 3 million ounces.We therefore see an industry with a high and likely increasing gold price, significant western experience, a stabilizing legal climate and lower production cost than most other markets. We see tremendous opportunity with this venture.