Gold rush in -24 C as $368 million in gold bars falls off plane in Siberia

Canadian miner Kinross say all the precious metal was recovered, but that hasn’t stopped treasure hunters from pouring into Russia’s coldest region 

Kinross is connected to Barrick Gold through several acquisitions and partnerships.

The Round Mountain Gold Mine is located in Nye County, Nevada and has operated since 2003. Round Mountain was a joint venture between Round Mountain Gold Corporation (a Kinross subsidiary) and Barrick Gold. Kinross' merger with Echo Bay Mines gave them a 50% share of Round Mountain, with Barrick retaining the remainder.[61

Barrick Gold Corporation evolved from a privately held North American oil and gas company,[7] Barrick Resources.[8] After suffering financial losses in oil and gas,[9] founder Peter Munk decided to refocus the company on gold.[10] He saw an opportunity to create a gold company based in North America, at a time when Apartheid-era sanctions prevented North American investors from owning shares in South African gold companies, who dominated the industry at that time [11]. Barrick Resources Corporation became a publicly traded company on May 2, 1983,[12] listing on the Toronto Stock Exchange.[13]

Peter Munk, CC (born November 8, 1927) is a Hungarian-born Canadian businessman and philanthropist. He founded and still chairs Barrick Gold, the world's largest gold-mining corporation.

Munk was born in Budapest, into a well-off Hungarian Jewish family, the son of Katharina (Adler) and Louis Munk.[3] Hungary was invaded by Nazi Germany in March 1944 when Munk was a teenager, but along with 14 members of his family, he escaped on the Kastner train. This train, which carried 1,684 Jews to safety in Switzerland, was arranged by Rudolf Kastner of the Zionist Aid and Rescue Committee as a result of secret negotiations with Adolf Eichmann. The high-ranking Nazi allowed some Jews to leave in exchange for money, gold, and diamonds, part of a series of so-called "blood for goods" deals.[4]

Munk arrived in Canada in 1948 via Switzerland, initially on a student visa, and graduated from the University of Toronto with a degree in electrical engineering in 1952.[5] Decades later, he praised the country: “I arrived in this place [Canada] not speaking the language, not knowing a dog… This is a country that does not ask about your origins, it only concerns itself with your destiny.”[6]

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