A lucrative business
Olympus is Russia’s biggest gold-mining company. Olympia is near Krasnoyarsk, Siberia’s third largest city. Olympus has an estimated 47.37 million resources and 30.01 million ounces of gold reserves. In 2014, Olympian produced 727,000 ounces of gold. To treat its sulphide ores, Olympiada USES BIONORD, its proprietary biooxidation technology. Gold mining is estimated to be the world’s eighth largest gold producer. There are believed to be 90m ounces of exploitable gold in Five mining operations in Siberia and the Russian Far East. Gold mining is the largest gold mining company listed on the London Stock Exchange. According to Forbes, the mining owner, Suleiman Kerimov, is a mysterious Russian investor who has not given an interview in the past 20 years. Mr. Kerimov made his fortune in The Russian oil industry, but he began to delve into gold and silver when he acquired JCS polymetals in 2005. Gold Mining’s current chief executive is Pikhoya of Germany, based in Moscow.