http://en.rian.ru/business/20080624/111882500.html
Russia set to become global leader in mining and metals sector
MOSCOW, June 24 (RIA Novosti) - Metalloinvest and Interros financial holding
are proposing that billionaire Viktor Vekselberg's Renova join forces to create
a major mining and metals company, Metalloinvest's owner Alisher Usmanov said
on Tuesday.
Usmanov who owns Metalloinvest, a leading Russian mining and ferrous metals
company, and Vladimir Potanin, the owner of Interros, signed a memorandum late
in May on joint investment in the mining and metals industry in Russia and
abroad with the prospect of creating a global leader in the sector.
"We declared that we would like to attempt to create the largest independent
mining and metals holding and have invited BasEl [Basic Element, a leading
Russian industrial holding] and Vekselberg," Usmanov told reporters.
Renova is a stakeholder and strategic investor in leading Russian stand-alone
and holding companies in the metallurgical, oil, machine engineering, mining,
chemical, construction, housing, utilities and financial sectors.
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