FEDF, China Gold to set up joint fund to invest in gold mining

SOCHI, Feb 19 (PRIME) -- The Far Eastern Development Fund (FEDF) and China Gold intend to sign documents to establish a joint fund for gold mining investment, including the Klyuchevskoye field near Lake Baikal, head of FEDF Alexei Chekunkov told PRIME on February 17.

“We with the Chinese partners have agreed that with a high degree of probability this deal will become the first deal if the fund,” he said.

“I count on signing the fund documents in March and the first deal to be signed in May or June. With a high degree of probability it will be the Klyuchevskoye deposit.”

End