Russia’s Nordgold not in talks to bid for Sukhoi Log deposit

MOSCOW, Jan 26 (PRIME) -- Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, is not holding talks on participation in a tender for development of the Sukhoi Log gold deposit, CEO Nikolai Zelensky said in a conference call Tuesday.

“The short answer is no,” he said.

Located in the Irkutsk Region, Sukhoi Log is one of the largest non-developed gold fields with its reserves and resources estimated at around 130 million ounces. The starting price for the field may amount to around 5 billion rubles.

(77.7965 rubles – U.S. $1)

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