Highland Gold Mining to acquire the Russian assets of Kinross Gold for $680m.

Highland Gold Mining, a mining company, agreed to acquire the Russian assets of Kinross Gold, a Canadian-based senior gold mining company, for $680m. The deferred payments are secured by an extensive security package that includes share pledges, financial guarantees and an escrow account. The transaction is subject to the approval of the Russian government and the finalization of certain ancillary agreements.