Investment by Russia's Nordgold in Tocco, Roman projects estimated at 83 bln rubles - Far East Development Ministry

MOSCOW. Nov 26 (Interfax) - Investment by gold producer Nordgold in the Tocco and Roman heap leaching projects in Yakutia is estimated at 83.1 billion rubles without VAT, the Far East Development Ministry said.

The ministry has prepared a draft government resolution proposing to make Taborny Mine LLC, part of Nordgold and which is developing the Tokko and Roman projects, a resident of the South Yakutia Advanced Development Territory.

The planned timeline for implementing the project is from 2025 to 2041, an explanatory note said.

Nordgold ranks among the top 10 gold producers in Russia. The group also has assets in Kazakhstan, Guinea, and Burkina Faso. According to the latest available data, the controlling shareholder is Marina Mordashova.