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    Russia approves Canadian purchase of Chukotka gold deposits

    © RIA Novosti . Boris Babanov
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    The Russian government's commission for foreign investment has approved a $365 million purchase of the Dvoinoye and Vodorazdelnoye gold and silver deposits in Russia's easternmost Chukotka region by Canada's Kinross Gold Corp.

    The Russian government's commission for foreign investment has approved a $365 million purchase of the Dvoinoye and Vodorazdelnoye gold and silver deposits in Russia's easternmost Chukotka region by Canada's Kinross Gold Corp., the head of the Federal Antimonopoly Service said on Wednesday.

    "A high-profile deal has been approved. Canada's Kinross gold mining company will buy 100 percent of Aurelius Holdings, which controls the Severnoye Zoloto and Regionruda companies, the operators of the Dvoinoye and Vodorazdelnoye gold and silver deposits," Igor Artemyev said.

    The Dvoinoye and Vodorazdelnoye deposits are located 90 km (56 miles) north of the giant Kupol gold and silver deposit being developed by Kinross.

    NOVO-OGARYOVO (Moscow Region), August 5 (RIA Novosti)

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