EBRD PLOTS INVESTMENT IN RUSSIA COBALT-COPPER DEPOSIT
February 2nd, 2011
BY KEITH NUTHALL
A MAJOR cobalt-copper deposit in Russia being eyed by an Isle of Man based company, which could soon be part-owned by the European Bank for Reconstruction & Development (EBRD). The bank has released plans for an equity investment of US$21 million in the Isle of Man-registered Imperial Mining Holding Limited, which aims to explore base metal and precious metal resources in Russia and Mongolia. The EBRD said this investment was designed to kick-start preparatory work for extracting ores at Karakul, where its licence will be owned and managed ...
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