Said Kerimov's Polyus, which recently received a license to develop Russia's largest gold deposit of Sukhoi Log, warned investors about the risk of losing it. This can happen in the case of the new Western sanctions against its partner in the project, Rostec.
The largest Russia's gold deposit was given without struggle to a recently created company SL Zoloto, a joint venture of Said Kerimov's Polyus and Rostec, for 9.4 billion rubles. After the auction, Rostec will get $141 million for 23.9% of the joint venture from its partner.
For this money, the Baikal Mining company intends to build a power transmission line, road and processing plant.
The company regularly dumps its wastes into the Daldykan river and poisons its inhabitants, as evidenced by satellite images of the American NASA.
A new tender for the massive gold deposit will be held in Russia.