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The Times: Russian checks hit Peter Hambro: ‘Oleg Mitvol… also led the campaign against Shell’s Sakhalin-2 energy project’

Bryce Elder
Wednesday 13 December 2006
 
Could Peter Hambro Mining become the next victim of the Kremlin’s enthusiasm for wresting mineral resources away from foreign ownership? Shares in the goldminer dropped 154p to 822p as Russia’s environmental regulator said that it had begun checks on all 54 of Hambro’s licence areas.

Last month, Oleg Mitvol, the outspoken deputy head of the Russian agency, threatened to revoke five Hambro licences, claiming that the company was violating environmental rules or was doing nothing to develop the sites. He also led the campaign against Shell’s Sakhalin-2 energy project. 
 
http://www.timesonline.co.uk/article/0,,748-2501490.html

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