The Siberian Gold Mine is the first mega project for the BRICS Member States



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JOHANNESBURG – BRICS member states negotiated the first public-private industrial gold investment project with a pre-production investment of up to R6.6 billion.
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The project will transform the gold deposit Kluchevskoye in a large open pit mine with a production of & # 39; gold more than 6.5 tonnes per year.

Consent

China National Gold is the largest shareholder and technological partner, after the final consent of the Russian Duma (lower house of parliament).

All parties agree that the first and only multilateral, A public-private partnership project is shaping a new model of BRICS cooperation between governments and the private sector, bringing together the best in financing, technology, access to the market, trade and investment to improve the economic growth of different countries. global BRICS community. The partners expect that the BRICS project in Kluchevskoye will become one of the leading gold producers in this part of the world.

South African BRICS investors in the consortium include Dr. Iqbal Survé, who is the executive chairman of the Sekunjalo Group and head of the BRICS Business Council; Ivor Ichikowitz, President of TransAfrica Capital; KZN Growth Coalition Co-Chair Moses Tembe; and among other South African business leaders include Rob Hersov, leader of Africa

Among Brazil's leading investors are Veronica Serra and A de Moraes

Survé: "This innovative model of public and private BRICS partners countries that come together to work on projects in BRICS countries can benefit local and national economies and serve as a model for tackling important projects in non-developed countries. BRICS, creating a sustainable model of investment-driven cooperation, collaboration and economic development. "

China National Gold, one of the largest gold companies in the world, will bring its expertise in management and of development, while SUN Group has 60 years of work experience in Russia, having built several important enterprises there.

Support

The participat The FEDF will provide regional investments and political support for the project, as well as growth opportunities in the gold and copper mining sector in the Russian Far East.

South African and Brazilian investors seek to add a dimension to create a common investment and industrial platform for growth in Africa and Latin America.

Shiv Khemka, Vice President of the SUN Indian Group, said, "We are delighted to see our gold project come to fruition in this innovative way."

Ichikowitz said, "This project marks a critical step in BRICS evolution, it is one of the first megaprojects to be developed under the auspices of the BRICS collective. "

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