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17

Norilsk Gold Sub Bought 3 Gold Minres

The companies bought exploit three gold deposits in the Sakha Republic

Norilsk Nickel?s gold production unit Polyus Company bought 99.2% of Aldanzoloto, 50% of South-Verkhoyansk Mining Company and 100% of Yakut Mining Company from ALROSA Investment Group.

The companies bought exploit three gold deposits in the Sakha Republic (Yakutia): Kuranakhanskoe, Kyuchus and Nezhdaninskoe deposits, Polyus said.

The total resources of the deposits are estimated at over 28 mln ounces. The purchase is a part of Polyus strategic development plan aimed at becoming one of the world leading gold mining companies.