Yakut gold mining company Aldanzoloto has been deprived of almost all its assets. Vedomosti publishes that they were passed to its subsidiary – Mining Company Aldanzoloto Ltd., and then ALROSA Investment Group gained the control over the company. These deals may become the issue of an action brought up by Russian Fund Investment Group, the company’s minority. However, lawyers express an opinion that the minority has little chance for the victory.

OJSC Aldanzoloto is Yakut largest gold mining company. In 2003 the volume of the company’s gold mining amounted to 4.9 tons, the profit – $52.5 mln. The shares of the company belong to the Committee of precious metals and gemstones of Yakutia, Invetsment Group Russian Funds, Kuranakhanskoe Zoloto Ltd. and Aldan ulus.

Mining Company Aldanzoloto Ltd. was founded last year as a subsidiary of Aldanzoloto. The new company got the licences for gold mining that used to belong to mother structure. As it has been informed by the company’s representatives, in the nearest future Aldanzoloto will be deprived of all its gold mining assets.

There are two different opinions on the situation. Some experts say that these changes will influence the situation in the company positively and will allow it to overwhelm the crisis. However, Russian Funds Company doesn’t agree with it and intends to discuss the situation in the court.