Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

Business News

Prokhorov's Polyus Gold looks set to win gold field contract in Kyrgyzstan

Polyus Gold, a precious metals empire owned by Russian billionaire Mikhail Prokhorov, is set to expand into Kyrgyzstan. The group is the favourite to win a gold field development contract in Jerooy.

The Kyrgyzstan development fund has announced a tender for a partner for the mine, which should be operational within a year. Polyus took a controlling stake last year in the London-listed miner KazakhGold, which employs 3,200 people in Kazakhstan.