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Wednesday, May 17, 2006 6:54:41 PM
http://www.lbma.org.uk/publications/alchemist/alch34_russiangoldrush.pdf
http://www.nrcan.gc.ca/ms/invest/rus/sovmen.pdf
http://www.lbma.org.uk/forums/3d.kolesnikov_LBMAMoscow2004.pdf
http://english.pravda.ru/russia/economics/23-11-2005/9276-gold-0
http://www.gfms.co.uk/Press%20Releases/Press%20Release%20-%20Gold%20Mining%20in%20Russia.pdf
http://www.resourceinvestor.com/pebble.asp?relid=19492
Russia has nevertheless kept a place in the top five world gold mining centres. But within the regions of the country, three leaders were noted.
The second year shows the best results in the Krasnoyarsk region with 30.3 tonnes (84% provided by Polus subsidiary of Norilsk Nickel [OTCPK:NILSY]. It was followed by the Magadan area with 23 tonnes (19% by Omolonsky which is owned by Canadian Kinross Gold [NYSE:KGC; TSX:K]). In third place was the Khabarovsk territory, where volume of extraction was 21 tonne (29% provided by Multitopmost, belonging to the British company Highland Gold Mining [AIM:HGM]).
Foreign companies extract up to 16% of Russian gold. In the Siberian region, some appreciable foreign players operate. So, Highland Gold Mining, with the participation of Canadian Barrick Gold [NYSE:ABX; TSX:ABX] develops Darasunsky, Novoshirokinsky and Taseevsky deposits in the Chita area. High River Gold Mines owns a controlling stake in Open Society Burjatzoloto, and in 2004, obtained the license for geological prospecting Novofirsovsky deposit in the Altay territory. And the British Trans-Siberian Gold [AIM:TSG] conducts geological-prospecting in the Krasnoyarsk region on the Veduga deposit.
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