Business Watch
Gold and Diamonds
The EBRD has agreed to acquire for 1.53 billion roubles a 5.26 per cent stake in GV Gold, a privately owned mining company that is one of Russia’s top 10 gold producers. The company is based in Irkutsk and is controlled by Sergei Dokuchayev.
The investment in the company is part of an ongoing EBRD strategy to support the fragmented Russian gold mining industry’s competitive position by encouraging consolidation and backing players committed to developing their business in an environmentally and socially responsible way.
Posted by Editor
on 05.09.2011 14:35.
Published in Gold and Diamonds
Russia’s biggest gold producer Polyus Gold may merge with one of its international competitor to become the ‘Top 3’ producer of the world, Mikhail Prokhorov – the billionaire owner said on Monday.
Posted by sayan
on 09.12.2010 16:02.
Published in Gold and Diamonds
In September this year Seattle-based Spectral Capital Corporation announced that a definitive agreement has been executed between the Company and Gamma Investment Holdings Ltd for a 47% interest in mineral properties located in the Chita Region of the Russian Federation. The mineral properties are primarily intended for the extraction of gold and other valuable metals.
Posted by Editor
on 10.10.2010 09:41.
Published in Gold and Diamonds