Foreigners Allowed To Bid For Russian Gold Treasures

Highland Gold, British gold miner, said is not at a disadvantage to compete for assets in Russia because of its foreignness.

Saying that, Highland?s managing director Dmitry Korobov added that the recent Russian government?s decree for national ownership of key resources was aimed more at the oil and gas sector than gold deposits.

Highland Gold plans to bid for the world?s biggest undeveloped gold field Sukhoi Log jointly with Barrick Gold, which holds a minority stake in the company and has just appointed Alex Davidson to its board.