BRICS investment project: members signs a MoU in the mining sector – Feedback

SUN Gold Limited (“SUN Gold”), China National Gold Group Corporation (“China National Gold” or “CG”), the Russian Sovereign Investment Fund, “Far East and Baikal Region Development Fund (FEDF), and partners from Brazil and South Africa Sunday announced that they have signed a Memorandum of Understanding (“BRICS Gold MOU”) on the sidelines of the BRICS Summit to develop the Kluchevskoyegold deposit located in the Chita region of Russia in Eastern Siberia.

The project, in the mining sector, is the first BRICS investment project. Representatives of all five BRICS countries are parties to this BRICS Gold MOU — Nand Khemka, Chairman of the Indian Khemka family owned SUN Group, Tong Junhu representing China National Gold, Alexey Chekunkov representing the Russian Far East and Baikal Region Development Fund (FEDF), Ivor Ichikowitz from South Africa’s Trans AFRICA Capital, and investor Antonio de Moraes from Brazil.

http://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/brics-investment-project-members-signs-a-mou-in-the-mining-sector/articleshow/54879774.cms

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