Polymetal to acquire first platinum project in Russia

MOSCOW Tue Dec 18, 2012 7:20am GMT



MOSCOW Dec 18 (Reuters) - Russian precious metals miner Polymetal said on Tuesday it agreed to acquire the Svetlobor platinum exploration project in Russia together with VTB Capital, a unit of Russia's No.2 lender by assets, VTB .

The total value of the deal is about $10 million, Polymetal said in a statement.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.