FIRST AIRED: April 13, 2017

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Transcript

00:00:01
>> It gets so cold here that during the winter some people keep their engines running 24/7 to keep from freezing. -40 celsius, that's routine, but here in Russia's region, a weak grubal and the depletion of Soviet era gold deposits are driving a new rush for the precious metal.
00:00:21
Reuters industry correspondent Diana Asonova says it presents some extreme challenges for miners.>> You have to stop all open door activities for, for around three months in the winter because metal snaps. There are myriads of blood sucking insects in summer, mountains for hundreds of kilometers any way you go Russia's miners are no strangers to these conditions, the region is historically known for having unusually high amounts of gold ore just beneath the surface, enough that prisoners in Gulag labor camps used to be forced to pan for the stuff with their bare hands.
00:00:58
But less is found these days and the industry is switching to expensive factories and digging deep mines to keep production going. It may be years before they turn a profit.>> All mining requires more investments to be made several other years before you start production and start earning some money.
00:01:18
The old infrastructure, there is cars in the region. You also need to build a base camp where you will lodge your people, the people who will be working there, and it's all very costly.>> Russia is the third largest gold producer in the world, behind China and Australia, now trying to keep its spot in this harsh environment.