PM Medvedev signs order to auction Sukhoi Log in 2017
The Sukhoi Log is one of the largest gold reserves in the world located in Irkutsk Oblast and has estimated reserves of 64 million oz of gold.
According to the government, Sukhoi Log’s inferred resources under B, C1 and C2 categories amount to 1,953 tonnes of gold and 1,541 tonnes of silver, while off-balance gold resources stand at 799 tonnes.
Gold producers Polyus, Polymetal, Nordgold, Kinross, GV Gold, and state industrial corporation Rostec showed interest in the field, whose area amounts to 7.94 square kilometers. ■