Re: What does CMM and Polyus Gold have in Common?
in response to
by
posted on
Feb 16, 2011 04:35PM
As Glorieux pointed out last night, our own Maxim V. Finskiy owns over 30% of our beloved Century Mining and is a director at Polyus. A little bit about his buddy Mikhail Prokhorov over at Polyus.
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The number of Russian billionaires has returned to beyond pre crisis levels according to the annual survey by Finans magazine.
The annual survey undertaken by the magazine shows that Russia currently has 114 billionaires, more than the 101 it had in 2007, but with the net worth of the richest 10 Russians still down at $182 billion, compared with $221 billion in 2007.
Mikhail Prokhorov, owner of the New Jersey Nets (and rumoured to be in the market for the New Jersey Devils hockey team), Chairman of Polyus Gold, and president of Onexim came in at second position with a net worth estimated at $22.7 billion, largely through having sold his stake in Norilsk Nickel at the height of the 2007-2008 boom, and purchased a half stake in Renaissance Capital, with the performance of gold also helping his Polyus Gold operations over the last 18 months.
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Russia's Polyus Gold plans London listing in summer:
Wed Feb 9, 2011
MOSCOW Feb 9 (Reuters) - Russia's largest gold miner Polyus Gold will list shares in London this summer, its main owner and chief executive Mikhail Prokhorov said late on Tuesday.
The London listing is a long-planned move to facilitate a merger with KazakhGold.
Prokhorov, who took over as chief executive last year, told reporters he would stay on until he had completed two tasks: the London float and the sale of a strategic stake in the company that would put the company in the global top 5 gold miners. (Reporting by Melissa Akin; editing by Maria Kiselyova)
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There was also this February 9, 2011:
"The TMX Group, operator of the Toronto Stock Exchange and the Toronto Venture Exchange, has agreed to merge with the London Stock Exchange Group.
"The merger will create a world-leading organization and is unanimously being recommended by the boards of both LSEG and TMX," the TMX Group said in a statement.
"This is great news," Xavier Rolet, the London Stock Exchange Group CEO, said. "Great news for Canada and all its provinces."
"