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Rostec will receive a stake in a gold mining project in the Irkutsk region
Rostec will receive 35% in a gold mining project in the Irkutsk region. This project will be the second in gold mining at the state corporation, which has recently expanded its presence in the mining and metallurgical business.
As the Kommersant, in November, a subsidiary of the state corporation RT — Business Development acquired 9,9% of the shares in the registered capital of Techservice. In addition, the FAS approved an application for the acquisition of another 25,1% of the shares. In aggregate, RT — Business Development will receive a share of more than 1/3 of the authorized capital. According to Rosgeolfond, the company already has a license for exploration in the Black-Biryusinsky block in the Irkutsk region.
Analysts find it difficult to assess the cost of the project, because it is at the stage of exploration. However, they find it attractive enough, given the high metal content in the ore.