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MOSCOW. (RIA Novosti economic commentator Oleg Mityayev) - The Russian government is preparing to take control of gold mining, another "strategic sector" of the national economy where profits are expected to soar.
As a first move towards that goal, billionaire Mikhail Prokhorov will sell his 22% stake in Polyus Gold, the country's largest gold producer, to diamond monopoly Alrosa.
According to sources involved in the deal, Alrosa has offered Prokhorov much more for his stake than did his former partner, Vladimir Potanin, the co-owner of Interros, the managing company for Norilsk Nickel.
More at source.
Originally posted by maloy
God forbid that national natural resources are under control of *GASP* - the nation. Why should petroleum and other resources be owned by individuals, especially when there prices and availability is paramount for the national economy. Some things should never be privitized, or you will have corporations who have the resources running the country - like in the US with ConocoPhilips, Exxon, etc.