Alrud has advised China Gold, a state-owned Chinese enterprise, on its entrance into a development agreement related to the Klyuchevskoye gold deposit in Russia's Mogochinsky district. Deheng advised China Gold on matters of China and Hong Kong law.
China Gold was one of the companies that entered into the agreement with the Far East Development Fund, along with companies from Brazil, Russia, India, and South Africa. Over 12 million tons of ore are expected to be extracted each year, increasing gold production in the Trans-Baikal region by at least 40%.
Alrud's team included Partner Andrey Zharskiy, Counsel Oleg Ezhov, Senior Associate Timur Akhundov, and Senior Attorneys Kristina Akalovich and Darya Degtyareva.