18
Mar
17:19
Petropavlovsk set to divest remaining IRC shares
Russian gold miner Petropavlovsk has agreed to sell the majority of its shares in the Hong Kong-based Russia-operated iron ore miner IRC ltd to a Liechtenstein-incorporated investment firm Stocken Board AG, the company says.
Petropavlovsk agreed to sell 29.9% shareholding in IRC for $10 million cash, thus reducing its IRC shareholding to just 1.2%, Kallanish calculates. The sale is subject to certain conditions being met, including the release of Petropavlovs…
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Anonymous
Very good overview of the weekly steel market.
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