Polyus Gold enters electricity production JV with Federal Grid

Polyus Gold: In order to increase ore production at its Blagodatnoye mine in Krasnoyarsk, Russia’s largest gold producer Polyus Gold has entered into an electricity production JV with the Federal Grid Company (FGC) and is to invest RUB2bn in the construction of transmission lines and substations across the region. The FGC will supervise the construction and subsequently buy back some of the equipment and infrastructure on “favourable terms” over the next ten years. Kommersant