| Grib Project |
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Grib |
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Country |
Russia
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Status |
MINE DEVELOPMENT
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Legends
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| Risk and valuation analysis of the Grib Project |
| Status Risk : Mine development |
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| Location of the Grib Project |
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Located in Arkhangelsk region, one thousand kilometres northwest of Moscow, Grib was discovered in 1996; it is the largest kimberlite pipe newly found in Russia.
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| History of the Grib Project |
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Developed initially by Archangel Diamond Corporation (ADC), a De Beers-controlled company, it was the target of a 10-year hostile takeover by Vagit Alekperov and Alisher Usmanov, who between them control substantial Russian oil, iron-ore and steel assets. De Beers sued for recovery in Sweden and damages in the US.
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Data last updated on : 12/31/2007
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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