Polyus buying Chulbatkan project from HGM for $140 mln

MOSCOW. June 17 (Interfax) - Polyus is buying the Chulbatkan gold deposit in the Khabarovsk territory from Vladisalav Sviblov's Highland Gold Mining (HGM), the company said.

Consideration for the transaction is $140 million payable upon closing of the deal, subject to further certain post-completion adjustments.

Highland Gold bought Chulbatkan and other assets from Kinross Gold for $340 million.