Celtic to sell Russian mining company

Mining company Celtic Resources Holdings has agreed to sell 20% of The South Verkhoyansk Mining Company ("SVMC") for $80m (€66.3m) cash.

Celtic to sell Russian mining company
Fri, 03 Feb, 2006 - 12:10

Mining company Celtic Resources Holdings has agreed to sell 20% of The South Verkhoyansk Mining Company ("SVMC") for $80m (€66.3m) cash.

SVMC is the holder of the license for the Nezhdaninskoye gold mine in Yakutia, Russia.

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CourtsBusinessHeathrowPlace: Nezhdaninskoye gold minePlace: Yakutia, RussiaPlace: RussiaPlace: NezhdaninskoyeOrganisation: CelticOrganisation: Celtic Resources HoldingsOrganisation: South Verkhoyansk Mining CompanyOrganisation: SVMCOrganisation: The South Verkhoyansk Mining Company
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