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Russia gold deal rich in symbolism

Ukrainian-born Russia billionaire Viktor Vekselberg, who is close to the Kremlin, wants to be part of a deal spearheaded by London-listed Petropavlovsk that would see the British-based company buy more gold assets in the Eurasia powerhouse.

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Viktor Vekselberg: Russian mover and shaker

If the ambitious and far-reaching transaction was successful, it would be a major step towards consolidation of the fragmented gold sector in Russia, analysts told Mining Journal.