"Metalloinvest" and the Chinese Hopu suspend talks on Udokan.

There are several reasons why the parties failed to agree: lower prices for copper, the completion of the industrial cycle in China and the fact that the parties did not agree on the price of 10% in Udokan.

"Metalloinvest" of Alisher Usmanov and a Chinese investment fund Hopu Investment suspended talks on the sale of the last 10% of the largest copper deposit in Russia - Udokan, "the Vedomosti" wrote on Tuesday with reference to sources close to the negotiations.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer