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MOSCOW, July 30 (RIA Novosti) - Zoloto Kamchatki...

MOSCOW, July 30 (RIA Novosti) - Zoloto Kamchatki, the gold mining arm of the Renova asset management group controlled by billionaire Viktor Vekselberg, said on Wednesday it intended to hold an initial public offering in 2009. Zoloto Kamchatki, with a current market capitalization of around $1 billion, intends to offer a blocking interest of 25% to investors to raise $250-270 million for further development, the company"s CEO, Andrei Shutov said. The company currently invests in its development using its own funds and loans. The company"s liabilities stand at $50 million. Zoloto Kamchatki expects to increase annual gold output to 12 metric tons by 2012, Shutov said, adding that the company"s gold reserves would suffice for 20 years of stable operations. Zoloto Kamchatki reported an 80% increase in revenues in 2007 to 1.15 billion rubles ($48 million), with net profit amounting to 93.1 million rubles ($4 million). The company produced around 2 metric tons of gold in 2007 or 64% more than in 2006.


MOSCOW, May 23 (RIA Novosti) - A Russian...

MOSCOW, May 23 (RIA Novosti) - A Russian Rokot carrier rocket with three military satellites and one civilian satellite has been successfully launched from the Plesetsk space center in northwest Russia, the Russian Space Forces said on Friday.


MOSCOW, June 1 (RIA Novosti) - Russia"s...

MOSCOW, June 1 (RIA Novosti) - Russia"s Reserve Fund dropped by 11.9% to 3.127 trillion rubles ($100.95 billion), and the National Prosperity Fund declined 3% to 2.784 trillion rubles ($89.86 billion) in May, the Finance Ministry said on Monday.

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Poland on Sunday said goodbye to President...

They were interred in Krakow"s historic Wawel Cathedral, the main burial site for Polish monarchs for several centuries, in the crypt that holds Jozef_Pilsudski, a driving force behind Poland"s reemergence as an independent state after World War I.

About 150,000 people thronged the streets of the city to pay their last respects, and Polish and foreign leaders including Russian President Dmitry Medvedev attended the state funeral service in St. Mary"s Basilica.

The Russian leader and Poland"s acting president, Bronislaw Komorowski, said the common mourning of their two countries" people would drive the future development of Russian-Polish relations.

FAREWELL

At least 45,000 people pressed into the square outside the church where the leaders gathered for the funeral Mass. Another 100,000 flocked to other areas of the city and lined the route of the funeral procession from St. Mary"s to Wawel Cathedral.

As well as Medvedev, the presidents of Ukraine,

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