| | www.mineweb.net | sections | base metals Brian Gilbertson's unexpected headache (Site not responding. Last check: ) |
 | | Once a major shareholder in the Volgograd Aluminium Plant, Shota Mikhelashvili told Mineweb that a recent Volgograd court ruling, invalidating a share emission for the plant that had favoured its takeover by Siberian Ural Aluminum (SUAL), is just the beginning of his campaign to recover a stake he values at a minimum of $20 million. |
 | | The court ruling against SUAL comes at an awkward time for Vekselberg and Blavatnik, two of the three former controlling shareholders of Tyumen Oil Company (TNK), who in 2003 sold their stake in the top-5 oil producer to British Petroleum for cash and BP shares worth a total of $6.75 billion. |
 | | Peter Charow, BP's Moscow representative, told Mineweb that the indemnity from Vekselberg, Blavatnik and Fridman is in place, but it is "too early to tell" if BP will be obliged to enforce it. |
| www.mineweb.net /sections/base_metals/391581.htm (1196 words) |