Ukrainian Billionaire Sees Limited Future in Australia

The Australian reported on billionaire Gennadiy Bogolyubov’s manganese investments in Australia.

The market news is quoted as saying:

Asked whether he plans further investments in the Australian resources sector to add to his ownership of ConsMin and stakes in OMH and iron ore miner BC Iron, Bogolyubov says he would like to do more business in Australia “but to do business in Australia you have to start from the end”. You cannot find natural resources and think you have a business — you must first have a port allocation.”

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