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N e w s
FEBRUARY 4
JV "Serebro-Dukat" owns the license for the development of the third-sized in the world silver deposit Dukat. Canadians(70% of shares of "Serebro-Dukat" belong to Canadian Pan American Silver) are trying to defend the case of the property auction which was held in November 1999 concerning the property of Dukat GOK. They blame GOK and the winner of the Russian Company "Kaskol" for breaking the rules of the auction. Recently, "Kaskol" announced the cancellation of the contract for leasing the property of GOK. At the same time Canadians prepare Technical and Economic Basis for the building of the new factory. Apparently, after the fact that the Fund of Bill Gates increased its portion in Pan American up to 10% (its other shareholder is The World Bank), there should not be a problem to get $15 million for the factory construction.
/"Kommersant-Daily"/
Source: Finmarket
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