Mining NewsUncategorized

Russia's Largest Gold Mine to Be Auctioned on January 26 Starting at $130Mln

Prime Minister Dmitry Medvedev has signed a decree on the Sukhoi Log gold reserve auction in 2017 earlier in the day.

The auction will be “for the right to use the subsoil plot of federal importance, including the Sukhoi Log deposit, located on the territory of the Irkutsk Region, for the exploration and mining of gold,” the decree signed by Medvedev states.

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The Sukhoi Log is estimated to have reserves of about 64 million oz of gold.


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