Oct 29. VSMPO-Avisma has acquired 30% of Urals Gold

Finamrus com 29.10.2007 14:30
http://www.finamrus.com/newtopics/news03BE1/default.asp

VSMPO-Avisma has acquired 30% of Urals Gold which is licensed to tap the Yuzhno-Shameyskoye field of molybdenum ores in the Sverdlovsk region. As the corporation's spokesman told Interfax, the deal was transacted in September and the corporation is looking to raise its interest in the company to 50%. For the record, Urals Gold, a subsidiary of UGMK, placed a winning bid to acquire a 25-license to develop the Yuzhno-Shameyskoye field this September.