Bingo on the bribe angle. GTEM couldn't compete. Nothing gets done in Russia with greasing the palms of the Russian politicians or the Russian Mafia. More than likely, they're pretty much co joined.
When the PR came out about the deal, I couldn't believe it and my skepticism was well placed. There were too many well entrenched Russians who would never allow an outside company to mine that gold field. GTEM simply didn't have the funds to compete. Had they actually landed the deal, much of the money would have been returned in the form of bribes.
Unfortunately, it's the way things work.....in the good ol USA, too.
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