Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Bloomberg reported that after its reverse takeover is complete, OAO Polyus Gold will be valued at $12.7 billion.
The market news is quoted as saying:
Billionaire Suleyman Kerimov’s Nafta Moskva will own 37.9 percent of Polyus Gold International, 8.2 percent will be held by Polyus’ unit Jenington, and the public float will account for 17.6 percent, KazakhGold said.
