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22 APRIL 2004  

IG ALROSA delivers shares in its new projects to Celtic Resources

As it has been reported by PRIME-TASS, JSC ALROSA Investment Group can deliver its shares in the new projects to the Irish Celtic Resources Company. The deputy CEO of the Group Alexei Mikhailovskiy informed that IG ALROSA was holding negotiations with the Irish company about barter - 50% in Nezhdaninskoe gold projects for a shareholding in Celtic.

In 2003 Celtic Resources mined about 100 thou ounces of gold, in 2005 the company intends to mine about 300 thou ounces.



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