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More than 66% of Russian gold production comes from just six eastern regions (Amur, Irkutsk, Khabarovsk, Krasnoyarsk, Magadan, and SakhaYakutia). During the past 4 years, foreign companies have controlled 15% to 18% of Russian gold production, which was the largest share held for any commodity in the Russian mining industry.
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Placer mining is the technique by which gold that has accumulated in a placer deposit is extracted. Placer deposits are composed of relatively loose material that makes tunneling difficult, and so most means of extracting it involve the use of water or dredging.
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