N e w s

As reported on Wednesday by the deputy chairman of the Natural Resource Committee Alexander Kuzin, according to this year government quota gold miners are permitted to extract 500 kg of gold. In 1999 panned out were 195 kg of the precious metal. Of three mining teams only two - Fortuna and Zolotaya Sutara - were able to begin works. The third one, Jar (with 100 per cent of Israel investments), last year winner of the competition on the right to proceed mining works in the region, is not yet on site. A. Kuzin noted that Jar has the smallest quota of 50 kg, therefore the delay is not likely to tell on the general pace of the precious metal mining, reports news agency "Russia. Regions".

Source: Finmarket