Usmanov’s Metalloinvest Said to Hold China Talks on Copper Stake
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Metalloinvest Holding Co., Russian billionaire Alisher Usmanov’s mining company, is in talks with Chinese companies about selling a stake in a Siberian copper deposit, according to people familiar with the matter.
Hopu Investment Management Co. is among potential investors, two people said, asking not to be identified as the information is private. Metalloinvest has been in contact with the Chinese fund regarding a share in the Udokan project, the people said.