SIBERIAN GOLD.

Star (Christchurch), Issue 17528, 4 May 1925, Page 7

SIBERIAN GOLD.

EXPLOITATION SCHEME. NEW YORK MAGNATES INTERESTED. By Telegraph—Press Association—Copyright Reuter * Telegrams (Received May 4, 11 a.m.) MOSCOW. May 3. Representatives of the Soviet Company have signed a draft agreement for a. concessionary exploitation by a company to be called the lien a Gold Enterprises of 1,500,000 acres of gold, silver, copper and lead bearing areas in. the Lena, Altai and Sissersk j regions, Siberia. It is understood that important New York banking and mining interests have considerable participation in the operations of the company, which embraces interests, in a number of companies which before the war operated tho mines covered by the present concession. Six per cent of the total { production is payable to the Soviet. : j The company’s technical staff will bo I largely Anglo-Americans. WHY AREAS WERE EXCLUDED. By Telegraph—Press Association— Copyright Reuter’s Telegrams. (Received Mav 14. 10.30 a.m.) ' MOSCOW, May 3. The areas covered by the Lena Gold Concessnon are the mining districts of Altai, Zyrianovsk, Zmeinogorsk, Irtish, the copper and iron enterprises in the Sissersk and Revkinsk districts and the Ural and Lena goldfields districts. The Ridder has been excluded from the Altai concessions, because the Soviet. 1 has decided that it would be the principal centre of development for the national lead and zinc industry.