On May 26 the Minister of Natural Resources Yuriy Trutnev reported that the government has increased the starting price of the Sukhoi Log gold deposit and now it amounted to over $150 mln.

Vedomosti informs that MMC Norilsk Nickel plans to increase significantly its gold production. It intends to become on of the leaders in both Russian and the world’s gold markets. That’s why, experts state, the change of the price won’t influence the company’s decision to participate in the contest and to buy the deposit.

However, the heads of the company are not happy about the price increase. The chairman of MMC Norilsk Nickel subsidiary CJSC Polus Valeriy Rudakov mentions that this price would be reasonable if gold would remain at the level of $400 per ounce.