EBRD PLOTS INVESTMENT IN RUSSIA COBALT-COPPER DEPOSIT
January 1st, 2011
BY KEITH NUTHALL
PREPARATORY work for mining a major cobalt-copper deposit in Russia, could be funded by the European Bank for Reconstruction & Development (EBRD). The bank has released plans for an equity investment of US$21 million in Isle of Man-registered Imperial Mining Holding Limited, whose subsidiaries explore base and precious metal resources in Russia and Mongolia. The EBRD said its investment wouldkickstart the preparatory work at Karakul, where its licence would be owned and managed by Imperial subsidiary, AltaiRudalMetal. The deposit is in the ...
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