Grib Project
Country Russia 
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Last updated on 6/15/2010 - Terms of Use
Risk and valuation analysis of the Grib Project
Status Risk : Mine development
Country Risk : Important
Title(s) of the Grib Project
Archangel Diamond Corporation
Owner: 100%
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Location of the Grib Project
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.
History of the Grib Project
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.
Data last updated on : 12/31/2007
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