From Russia with cash
When a Russian oligarch made a takeover bid for Flinders Mines on Friday he provided a positive counter-balance to negativity about Europe.
When Russian oligarch Victor Rashnikov made a $554 million takeover bid for West Australian iron ore miner Flinders Mines on Friday, he provided a positive counter-balance to the avalanche of negative news coming out of Europe.
The sale process for Flinders Mines showed that the world’s 70th richest man, as measured by Forbes magazine, was one of many investors queuing up to buy into the Pilbara, which is the symbol of the Australian side of the China growth story.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Mining
Fetching latest articles