Mining

Russia’s Metalloinvest to Invest $156 Million in UAE

Metalloinvest, the Russian steel and iron ore company controlled by billionaire Alisher Usmanov, plans to invest AED 572 million (about $156 million) building a steel rolling plant in the United Arab Emirates, the company said on Wednesday.

Popularity: 5% [?]

December 7, 2006

Peter Hambro Shares Drop for Second Day

Shares of Peter Hambro Mining Plc, Russia’s third-biggest gold miner, plunged for a second day after the government said the company may lose Siberian licenses and have its reserves reviewed.

Popularity: 2% [?]

November 30, 2006

UK Gold Mining Company May Lose Five Licenses in Russia

Russia’s environmental watchdog has asked the Natural Resources Ministry to terminate five licensing agreements with a UK gold mining company, Peter Hambro Mining, the service said Wednesday.

Popularity: 1% [?]

November 29, 2006