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30 MARCH 2004  

Conflict about OJJSC Aldanzoloto

AKNews informs that OJSC Aldanzoloto, which exploiting one of the largest gold deposit in Yakutia – Kurakhanskoe deposit, is again in the centre of a large scandal.

Investment Group Russian Funds that possesses a-shares of the company has sent a complaint to the president of Yakutia Vyacheslav Shtyrov, in which it has accused the subsidiary of Aldanzoloto in assets withdrawal.

The largest shareholders of OJSC Aldanzoloto created in 1995 are the Committee of precious metals and gemstones of the Sakha Republic – 31%, IG Russian Funds – 25%, Kuranakhanskoe Zoloto Company – 12,7% and the administration of Aldanskiy Ulus – 10%. Aldanzoloto exploits ten gold deposits.

IG Russian Funds has provided information that OJSC Aldanzoloto is going to sell its principal assets, in particular, a mining factory and some equipment.

Indeed, all the accusations are directed towards IG ALROSA. This subsidiary of ALROSA Company in fact controls Aldanzoloto.



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