Russia to develop Klyuchevsky gold deposit with China

CHITA, Jun 15 (PRIME) -- The Russian government has approved an agreement with the Chinese government on joint development of the Klyuchevsky gold ore deposit in the Zabaikalsky Region, according to the documents seen by PRIME on Friday.

The project will be fulfilled by Zapadnaya-Klyuchi, a subsidiary of Indian investment group CAH Gold, in two years.

The project will attract U.S. $500 million direct investment from China and can produce about 6 tonnes of gold per year.

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