Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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The authorities of the Magadan region intend to accelerate the procedure of KAZ bankruptcy

The Kolyma Refinery (KAZ), which has been refining precious metals since 1998, owes more than 4 billion rubles to gold miners - there is no such money on the balance sheet of the plant. Artels of Kolyma and Yakutia suffered; neither precious metal, nor money for it, gold miners never received. An investigation is underway now.

According to EastRussia, the bankruptcy procedure began at the plant itself. This means that all the property of the enterprise will be sold and the money received will primarily go to pay off debts on wages to employees. Financial assistance is promised by the regional authorities, which intend to speed up the procedure for KAZ bankruptcy.

The washing season on Kolyma starts in early May. The regional government expects that the company will resume work this summer. According to the authorities, now the main thing is not to lose the team, specialists, whose replacement in the territory will not be easy to find.

Read more - in the section Regions.

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