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26 JANUARY 2005  

Tax police want to get 300 mln roubles from Omolonskaya Gold Mining Company

According to IA Vostok-Media, tax police of Magadan region want to get 300 mln roubles from Omolonskaya Gold Mining Company that belongs to Canadian Kinross Gold. Kinross Gold board has decided to stop operations in Magadan region, all the mines will be stopped soon. This decision was made due to financial problems, sources say.

There are two variants of the situation development: the Omolonskaya Company will be either sold or liquidated.



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