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Polyus to buy another 25% of Sukhoi Log gold deposit

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Published : July 12th, 2017
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Category : GoldWire

MOSCOW -- Russia's largest gold producer, Polyus, is buying an additional 25.1 percent in Sukhoi Log, one of the world's largest untapped gold deposits, in an all-share deal worth $145.9 million, the company said today.

Polyus will pay state-owned Russian conglomerate Rostec in five tranches of its shares within the next five years. The first is expected to be in the form of existing Polyus treasury shares worth about $21.9 million within 30 business days from July 11, it said. ...

... For the remainder of the report:

http://www.reuters.com/article/us-russia-poly...d-idUSKBN19W2BW

Data and Statistics for these countries : Georgia | Russia | All
Gold and Silver Prices for these countries : Georgia | Russia | All
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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