Petropavlovsk rescue package on the cards

Petropavlovsk, the Siberian-based Russian gold mining operation that has seen its market value drop from $3bn to $6om in recent years, says that it has received a number of proposals from third-party investors that would save it from going out of business. The Financial Times is reporting that a consortium of Russian, German and South African investors have put together a $250bn rescue package for the company that was founded by the Eton-educated Peter Hambro. The Siberian Times