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

Sunday 31 January 2010 01:00 GMT

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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.

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

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