Monday, June 18, 2007

Billionaire Potanin Joins Russian Hunt for Uranium as Global Prices Surges

(Bloomberg) -- OAO GMK Norilsk Nickel billionaire
Vladimir Potanin is joining the hunt for uranium in Russia and
overseas to benefit from a 20-fold increase in prices for the metal
over the last six years.

Potanin's Interros Holding Co. signed an agreement today with
Russia's nuclear energy agency to explore for uranium in Russia and
abroad, both sides said in an e-mailed statement. Potanin joins
fellow billionaire Viktor Vekselberg in setting up a venture with
the state to find and mine a fuel vital for atomic power
generation.


Read more at Bloomberg Energy News

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