Antimonopoly service allows Rio Tinto to deposit in Kamchatka
MOSCOW, January 31 - RAPSI. The Federal Antimonopoly Service has satisfied the Rio Tinto mining company's application to acquire 100 percent of Olkhovoye's charter capital.
Olkhovoye develops gold and silver deposits in Kamchatka, the service said.
Rio Tinto is one of the world's largest mining companies. It is located in the UK and produces aluminum, copper, diamonds, coal, uranium, gold and iron ore worldwide. In 2011, the company produced 379,000 ounces (11.8 tons) of gold and 3.2 million ounces (99.2 tons) of silver.
In December, Olkhovoye won a bid for the right to use subsoil for geological studies, and gold and silver exploration and production. The company paid $28,750 for the plot.