PETROPAVLOVSK MINING TO PUMP 4 BILLION dollars INTO FAR EAST PROJECTS

摘要

Petropavlovsk Mining Company, the umbrella for the assets of gold producer Peter Hambro Mining and the Anglo-Russian Aricom plc, will invest something like 4 billion dollars in projects in Russia's Far East. The holding company will spend more than 1.5 billion rubles on exploration this year, Pavel Maslovsky, the company's board chairman, said in a presentation for the Far East International Economic Forum on September 30. The company plans to invest over 30 billion rubles in infrastructure like a bridge across the Amur River in the Jewish Autonomous District, railway reconstruction, and a port at Sovietskaya Gavan.