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By Sarah Hurst
Mining News Contributing Writer 

Russia's gold mining opportunities now attractive to international corporations

Most mines are in the Russian Far East, where in some regions gold producers are a primary source of employment and taxes; foreign companies include Kinross Gold, Bema Gold, Peter Hambro Mining and Highland Gold

 

Last updated 10/31/2004 at Noon



Russia's gold mining industry, once ruled by Stalin's most vicious henchmen, has transformed itself into an attractive prospect for international corporations. Much of the gold mining takes place in the Russian Far East, in Magadan and Chukotka, thousands of miles and several time zones away from Moscow. The industry grew up on the backs of slave laborers, sent here as punishment for imaginary...



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