VTB Capital buys stake in Siberian gold miner Zapadnaya

Reuters 21 May 2012 VTB Capital, an investment arm of VTB (VTBR.MM), Russia’s No.2 lender, has acquired a minority stake in Siberian gold miner Zapadnaya Gold Mining, which tried unsuccessfully to list in London last year. VTB Capital did not disclose the size...

Barrick Gold Sells Stake in Russia’s Highland Gold

Reuters 27 April 2012 Canada’s Barrick Gold, the world’s largest gold producer, sold its 20.37 percent stake in Russia’s Highland Gold to institutional investors for £79.5 million ($128 million), Highland said Thursday. Barrick sold 66,235,264...

Nordgold Planning Acquisitions

Moscow Times 13 Mar 2012 Nordgold, the gold-mining company spun off from Severstal this year, plans to double reserves in the next four years and is looking for emerging market acquisitions as it raises output worldwide. The gold producer, listed in London, will...