Geologists discover $850m gold deposits in the Altai mountains

Geologists from Rosgeologiya’ s Gorny-Altai Expedition claim to have discovered  22.m tonnes of gold deposits in the Altai mountains worth up to $850m, it was revealed today. The announcement comes just weeks after Russia’s main gold producer  Polyus Gold and the China National Gold Group Corporation (CNG) agreed to cooperate in the exploration of  large deposits in the Far Eastern region of Magadan.