Severstal acquires Ireland's Celtic Resources
Published: 15 February, 2008, 07:49
Russian steelmaker Severstal has completed the acquisition of Ireland-based Celtic Resources. Severstal paid 162 million Pounds – that's about $US 319 million – for 100% Celtic, which owns gold and molybdenum mines in Kazakhstan.
Severstal's owner Aleksey Mordashov said he is considering building up a gold business to rank among Russia's top four miners of the precious metal.
He then plans to spin it off as a separate company.
Severstal has been buying undeveloped gold fields in Siberia in the last few months.
14.02.2008, 22:54
Interview with German GrefThis week's Russia-India trade forum has seen Sberbank flag its plans to open up the booming South Asian economy. Sberbank CEO German Gref spoke to RT about its plans. |
15.02.2008, 07:51
Lukoil free to buy Moscow networkThe Federal Antimonopoly Service has cleared Lukoil to buy the Grand filling station network in Moscow. The Association Grand network, with its 95 stations in Moscow, has been a RussNeft franchise since 2005. |
