Friday, 27th July 2007 (1074 views)

Russian billionaire Roman Abramovich is considering buying a second mine in Chukotka, it has emerged.

Millhouse Capital, the holding company owned by Mr Abramovich, intends to bid for the Vodorazdelnaya Ploshchad gold field in the far eastern province, spokesperson John Mann told AFX.

The move follows the company's purchase of the Dvoinoe mine in the region's north earlier this month.

At the time, Millhouse spokesperson John Mann told an Agence France-Presse reporter: "Obviously Millhouse is interested in being involved in the long-term development of Chukotka's economy," according to AFX.

Also the owner of Chelsea Football Club, Mr Abramovich has been governor of Chukotka since 2000.

The report cites claims in RBK business daily that 65 tonnes of gold are to be found in the mine, according to the federal subsoil agency.

Reportedly, the region holds around ten per cent of Russia's gold reserves.

Listed by Forbes as one of the world's 50 wealthiest figures, Mr Abramovich won the position as governor of Chukotka with 92 per cent of the vote.

 

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