The Kwato company won an auction for the development of the Khloal gold in Buryatia, offering 574 million dollars at a price of 29 million dollars. 9 participants fought for the plot with reserves of 302 kg of gold. A geological study of the area where the site is located was conducted from the 1940s to the 1980s, the Ministry of Natural Resources noted. A license for exploration and production will be issued for 20 years.