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Norilsk sets gold sights on 3Moz a year

RUSSIAN mining giant Norilsk has set its sights on becoming that country's biggest gold producer with talks underway to buy Maiskoye, a company with approval to develop a new gold mine in Russia's far east.

Tim Treadgold

The Vedomosti newspaper in Moscow reported that the Maiskoye resource contained 277 tonnes of gold at an average grade of 12 grams a tonne. The move on Maiskoye follows last month's acquisition by Norilsk...

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