Russian Tycoon Joins Udokan Copper Race
Billionaire Alisher Usmanov, half-owner of Russia’s Metalloinvest mine, is in the race to develop the Udokan copper field. Several companies have already submitted bids, including Norilsk Nickel (GMKN.MM: Quote, Profile, Research, Stock Buzz), Russia’s largest copper miner, and Strikeforce Mining and Resources Ltd (SMR), the mining arm of billionaire Oleg Deripaska’s Basic Element company. Read the complete article [...]
