The Russian number one on the Forbes list has been serving as Chukotka governor since 2001.
Photo: Valery Levitin
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Abramovich Buys Gold Mine in Chukotka
Millhouse Capital, an investment vehicle of Russian tycoon Roman Abramovich, has bought a gold mine in Chukotka in Russia’s Far East in its first precious metal acquisition, the Vedomosti business daily reported Friday.
Millhouse Capital bought the Dvoinoye gold mine in Chukotka in June, according to Vedomosti. Sources close to Millhouse confirmed the reports but declined to give further details. Vedomosti’s experts estimated the deal to be worth between $50 and 70 million.
The Dvoinoye deposit has become Mr. Abramovich’s first gold mine. A Vedomosti source in Millhouse said the investment company is set to buy a few more gold mines in Chukotka and neighboring regions of Magadan and Yakutia.
Millhouse Capital manages the greatest part of Roman Abramovich’s assests. The Russian number one on the Forbes list has been serving as Chukotka governor since 2001.
www.kommersant.com
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