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Reuters reported that Russia’s steelmaker, Evraz, announced its acquisition of a controlling stake in the Timir iron ore project for $160 million.
Reuters reported that Russia’s steelmaker, Evraz, announced its acquisition of a controlling stake in the Timir iron ore project for $160 million.
As quoted in the market news:
The company, controlled partly by Chelsea soccer club owner Roman Abramovich, said it would own 51 percent of the Timir project with state-run diamond miner Alrosa owning 49 percent.