Support The Moscow Times!

Mordashov Buys Stake

Alexei Mordashov acquired a stake in Plains Creek Phosphate, which is developing a phosphate project in Guinea Bissau in West Africa, the Vancouver-based company said in a statement.

The investment was made via Mordashov's private fund Aterra Capital.

Aterra spent about $2.3 million for 10 percent of Plains Creek, Kommersant said Monday, citing fund manager Boris Granovsky. Mordashov's Severstal, Russia's second-largest steelmaker, said in September that it will focus on steel and steel-related mining and refrain from investing in uranium, nickel or other mining projects.

(Bloomberg)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more