Seligdar is banned from mining and selling Lunnoye’s gold

The law enforcement agencies of Yakutia have withdrawn 17 ingots from Lunnoye (a joint venture of Seligdar and ARMZ) - 102 kg of gold and banned it from selling precious metals, the republic’s Interior Ministry reports.

The police found that in 2012 to 2014 the company produced over 680 kg of gold for further sale without a license.

Criminal proceedings were initiated on these grounds.

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