HGM to look for purchaser for the Taseev field for $50 million
Edited by Rhod Mackenzie / 2013-07-12 05:39:54
The British Highland Gold Mining (HM, 32.6% belong to Millhouse of Roman Abramovich) looks for a purchaser for the Taseev field in the Zabaykalsky Krai; with the reducing gold price the company may earn $50 million and more, the Vedomosti writes.
One of the edition’s interlocutors says that Highland can’t find a purchaser. “The Taseev field is difficult, its development is unprofitable with the current prices,” – he assures. Another interlocutor confirms these words. The third one says that his company has started the procedure due diligence, “but hasn’t made a certain proposal”.
