Sukhoi Log mine
| Location | |
|---|---|
| Irkutsk Oblast | |
| Country | Russia |
| Production | |
| Products | Gold |
The Sukhoi Log is one of the largest gold reserves in Russia and in the world[1] The reserve is located in Irkutsk Oblast and has estimated reserves of 64 million oz of gold,[1] but has a low grade.[2]
Mining endeavours
During the 1990s a proposal was made to mine Sukhoi Log by the semi-private Russian company Lenzoloto with the British Virgin Islands company Star Technology Systems (previously known as Green Applied Systems Limited).[3] Funds toward the venture were raised from the Australian Stock Exchange company Star Mining (previously known as Central Mining Corporation, now Argonaut Resources).[3] Various legal, bureaucratic and political problems delayed progress.[4] Sukhoi Log was the subject of a special hearing held by the State Duma's Security Committee under the watchful gaze of hardline communist Viktor Ilyukhin to investigate threats to Russia's national security from this "shadowy" Australian company.[4] The Australian company wrote off $127 million on the failed venture after Russian courts overturned decisions by Russian politicians.[3]
References
- 1 2 Gold deposits in the CIS. 2007. Retrieved 2013-07-08 – via Google Books.
- ↑ "Sukhoi Log Resource" (PDF). Retrieved June 3, 2016.
- 1 2 3 "Panama Papers: Malcolm Turnbull's path to Siberia and back". Financial Review. Retrieved May 24, 2016.
- 1 2 "Foreign Money, Siberian Gold And the KGB". Moscow Times. Retrieved May 27, 2016.