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Canadian company to mine nickel ore in Russia
26.02.2008 16:26
Canadian company to mine nickel ore in Russia

High River Gold, based in Toronto, Ontario, has acquired a license to develop the Chaya nickel deposit in Buryatia, South-Eastern Siberia. The cost of the license amounted to 260 million rubles (about 10.6 million dollars). The acquired nickel deposit located 70 km northward from Baikal Lake contains 626 thousand tons of nickel and 142 thousand tons of copper.
      High River Gold also owns another asset in this region Irokinda gold mine controlled by Buryatzoloto, a subsidiary of the Canadian company.


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