THE TIMES (UK): Need to Know: “Royal Dutch Shell, the Anglo-Dutch group, is being pressed to revalue its assets by Gazprom, the Russian group with whom it has agreed an asset swap, after soaring costs at Shell’s Sakhalin-2 flagship project.”:
Monday 18 July 2005
Natural Resources
(down 3.2%)
Peter Hambro Mining, the Russia-focused gold producer, will update investors on Wednesday on recent trading. It had said that it would avoid returning to the market for fresh capital, having raised $100 million (£56 million) through convertible bonds.
Royal Dutch Shell, the Anglo-Dutch group, is being pressed to revalue its assets by Gazprom, the Russian group with whom it has agreed an asset swap, after soaring costs at Shell’s Sakhalin-2 flagship project. (The Sunday Telegraph)
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