Please click Display Images or Download Pictures to properly view this newswire
Tuesday, June 28, 2016
Rostec Said to Agree $500m Sale of Copper, Gold JVs to Mongolia
By Andrey Lemeshko
June 28 (Bloomberg) -- Rostec agreed to sell its 49% stakes in copper mining co. Erdenet and in gold, iron ore producer Mongolrostsvetment to unit of Trade & Development Bank of
Mongolia, 2 people familiar w/ situation say, asking not to be identified before official announcement.
* Rostec may get total $500m from sales; Russian govt approved deals
* Rostec’s press service declined to comment; representative of Trade & Development Bank of Mongolia didn’t comment immediately
* NOTE: Metals cos. are JVs between Russia and Mongolia; Erdenet produces up to 530k tons of copper concentrate/yr
Suite 303, Level 3, Elite Complex
14 Chinggis Avenue, Sukhbaatar District 1
Ulaanbaatar 14251, Mongolia
P Please consider the environment before printing this e-mail.