Partner Prokhorov
The general director "Intergeo Maxim Finnish himself was an investor in gold, lead and zinc. He is the owner of holding "Daltsvetmet", which in 2010 plans to hold IPO in China. In October, the businessman took control in the Canadian Maple Minerals, and soon will buy shares of Century Mining gold for $ 20 million

Julia Fedorinova
Cyril Khripunov
Bulletin

26/11/2009, 224 (2494)

All my investments - venture capital - told "Vedomosti" Finnish. - I have long been in this business, well it apart ". 43-year-old Finnish worked in "Norilsk Nickel" from 2001 to 2008, was in charge of mining projects. When it Nornikel created exploration joint venture with Rio Tinto and BHP Billiton and collected gold assets allocated later in Polyus Gold. And with the departure of Mikhail Prokhorov, "Norilsk Nickel" Finnish also left the company to be led by Prokhorov mining holding Intergeo. But the years spent in the "Norilsk Nickel", have not been in vain: a hired manager of the Finnish became independent businessman.

Now one of its main assets - gold ore "Daltsvetmet. According to Finland, he created it about three years ago and now includes seven holding companies (licenses purchased at auctions, stocks - about 27 tons, resources - 200 m). One of them - "Ildikanzoloto" - this year has opened the beneficiation plant. Its power in the future will be brought up to 3 tons of gold per year (already in 2010 will release 1.3 tons). In the nearest plans - start building the factory and field Nasedkin (Chita region, reserves and resources - 70 tons of gold). A strategic goal of "Daltsvetmeta", according to Finland - in 2013 to reach production levels of 7-8 tonnes of gold per year. This is a serious volume, notes the analyst Unicredit Securities Marat Gabitov: it is more than the current production of Highland Gold and slightly lower than that of "Polymetal".

At the launch of a factory on Nasedkin need about $ 60 million, said Finnish. To attract that money, in the second half of 2010 "Daltsvetmet" may hold an IPO in Shanghai or Hong Kong. "Proposals from Chinese investors to purchase shares are received continuously," - he says. In his view, a conservative estimate "Daltsvetmeta" - about $ 150 million

Is the Finnish assets outside Russia. In October, he became the owner of the Canadian Maple Minerals (mining of zinc and lead, total reserves - 6.8 million tons). The company was founded on the basis of the bankrupt in 2008, Blue Note Caribou Mines. In Finland it a controlling stake, the rest is divided between Canadian partners Fran Scola and Margaret Kent. According to the forecast of Finland, in 2010, the company should withdraw to pre-crisis level of production - about 100 tons of lead and 50 tonnes of zinc per year.

The other day it became known that Finnish increases to 40% of its stake in the Canadian Century Mining (gold reserves - 1.39 million ounces of production in Canada and Peru). Now, according to Prime-TASS, Finnish owns approximately 10% stake in Century. But the shareholders' meeting of the Canadian company has decided to deploy in favor of the Finnish new shares worth about $ 20 million

The money will go for gold mining Lamaque, told Finnish. Total project requires $ 60 million investment, the remaining company attract in the bank. In 2010, Century intends to release 70 000 ounces of gold. Century Mining General Director Margaret Kent (partner in Maple Minerals) said that apart from Finland to share in Century claimed five North American companies and one Chinese. But the board of directors chose Russians, considering his experience in the mining industry and long-term plans to make the company one of the largest in North America. Now, according to Kent, the company is preparing new acquisitions.

Until recently, Finland was another investment in Canada: 16.5% of the gold Etruscan Resources. But the shares he recently sold. "When we bought the package (March 2009), our goal was to produce a company that has been done, and we came out of the project", - he explains. Bid Finnish cost of $ 8 million, and sold it to fund Endeavour for $ 8.5 million (data Century).

Investments, according to Finland, he exercised at his own expense. What is the total he had invested, does not speak Finnish.

Revenues in Finland "Norilsk Nickel" were one and a half times higher than the market level - about $ 4 million a year, says partner headhunting agency TopContact Arthur Shamil. A great deal of money running the Finnish projects are not required, since being bought mainly depressed assets, for which institutional investors would not have taken, says Gabitov. But in the perspective of Finnish can get a good income, bringing the assets to the mind, analysts believe. With his experience and connections as possible, besides the price of gold is rising - have reached $ 1180 per ounce, summarizes Gabitov.