(Corrects title to chief operating officer in first paragraph.)
Oct. 5 (Bloomberg) -- Polyus Gold International Ltd., Russia’s largest gold miner, plans to spend $8.7 billion by 2020 on increasing production, Chief Operating Officer James Nieuwenhuys said.
Polyus Gold targets spending of $4.7 billion to double output to 2.8 million ounces by 2015, and the rest of the investment to reach 4.4 million ounces of production by 2020, Nieuwenhuys said at the Minex Russia conference in Moscow today.
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