Kinross studying investment opportunities in Russia - CEO
MOSCOW. June 15 (Interfax) - Canadian gold-miner Kinross Gold continues intensive geological exploration work near its existing mines in Chukotka - Kupol and Chukotka - and is studying opportunities for investment, CEO Paul Rollinson said at a meeting with Natural Resources and Environment Minister Sergei Donskoi.
At the meeting, Rollinson and Donskoi discussed the results of Kinross Gold's production and prospecting activity in Russia and opportunities for potential investment by the company in Chukotka as well as other Russian regions.
In an interview with the Russian newspaper Vedomosti in November, Rollinson said his company would have to look at the parameters and terms for developing Sukhoi Log in Irkutsk region, but in general wanted the opportunity to work at this deposit.
The Russian authorities have talked about auctioning rights to Sukhoi Log, one of the biggest gold ore deposits in the world, for many years. That process intensified last year.
Kinross is among the world's ten largest gold mining companies and has projects in Brazil, Canada, Chile, Ghana, Mauritania, Russia and the United States. Kinross has two deposits in Russia - Kupol and Dvoinoye - located in Chukotka about 100 kilometers from each other.
