Fortiana Holdings, an explorer of gold and zinc mining facilities, completed the acquisition of Highland Gold Mining, a gold miner, for $1.4bn. "This is a strategic investment for us, in line with our aim to build a broader asset portfolio in the natural resources sector in Russia. We believe that Highland Gold is an attractive asset that has sustainable cost advantages, attractive deposits as well as a strong and experienced management team. Highland Gold is fundamentally well positioned to further develop its asset and project portfolio, and to monetise its substantial resource base for the benefit of its shareholders," Vladislav Sviblov, Fortiana UBO.