Bloomberg News

Russian Technologies, Metalloinvest to Study Platinum Mining

June 27, 2012

State-owned Russian Technologies Corp., Russian billionaire Alisher Usmanov’s Metalloinvest and Telconet Capital signed a partnership agreement to pursue international mining projects.

The partners will study the creation of a consortium to mine, process and sell platinum group metals, according to a statement sent by e-mail from Usmanov’s mining company today.

Russian Technologies may provide Zimbabwe with military helicopters in exchange for the possible participation in a platinum mining venture in the African nation, Kommersant newspaper reported today, citing a person in the Russian presidential administration whom they didn’t identify.

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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