Russian billionaire, Oleg Deripaska’s, mining unit Basic Element rescinded their bid from an auction for the Siberian located copper deposit Udokan. Strikeforce Mining and Resources Ltd. (SMR) did not see the economic sense of bidding independently. Russia’s Natural Resources Ministry is scheduled to award the Udokan field, which contains over 13 million tonnes of copper, in [...]
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Tuesday, September 9, 2008