Five players from BRICS nations today inked agreement to develop the Kluchevskoye gold deposits located in the Chita region of Russia at pre-production investment of $400-500 million.
The five players are SUN Gold Ltd, China National Gold Group Corp (China National Gold or CG), the Russian Sovereign Investment Fund, Far East and Baikal Region Development Fund (FEDF), and partners from Brazil and South Africa
The agreement was signed on the sidelines of the BRICS Summit in Goa to develop the Kluchevskoye gold deposit located in the Chita region of Russia in Eastern Siberia, the statement said.
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