Russian Aircraft Corporation MiG in turn replaced by Alexey Fedorov in September 2004. In 2006, the Russian government merged 100% of Mikoyan shares with Ilyushin, Irkut, Sukhoi, Tupolev, and Yakovlev as a new company named United Aircraft Corporation. Specifically, Mikoyan and Sukhoi were placed within the same operating unit. MiG failed to win any major aircraft tender in the post-Soviet era, falling behind its Russian rival Sukhoi. According to press reports, the company was shedding hundreds of employees in late 2017 due to a shortage of orders. As of 2015 the company's business offering consists mostly of modernized MiG-29 aircraft. MiG is developing a
Sukhoi Log mine Sukhoi Log mine The Sukhoi Log is one of the largest gold reserves in Russia and in the world The reserve is located in Irkutsk Oblast and has estimated reserves of 64 million oz of gold, but has a low grade. During the 1990s a proposal was made to mine Sukhoi Log by the semi-private Russian company Lenzoloto with the British Virgin Islands company Star Technology Systems (previously known as Green Applied Systems Limited). Funds toward the venture were raised from the Australian Stock Exchange company Star Mining (previously known as Central Mining Corporation, now Argonaut Resources). Various legal, bureaucratic