Nov 13. VSMPO-Avisma Corporation, which is based in the Perm region and commands a third of the global titanium market, has acquired a 20% stake in Ka

Finamrus com 13.11.2007 14:32
http://www.finamrus.com/newtopics/news03C83/default.asp

VSMPO-Avisma Corporation, which is based in the Perm region and commands a third of the global titanium market, has acquired a 20% stake in Kamskaya Mining Company, a joint venture set up by Silvinit and Oboronimpex (an Oboronexport structure) that is engaged in extracting natural carnallite, a representative of the corporation's PR department told RIA Novosti. "Carnallite is the most important component for magnesium output. Thus, the purchase of a stake in Kamskaya Mining Company will enable VSMPO-Avisma to boost production of magnesium it needs to turn out titanium sponge" – the news agency reported. The corporation's spokesman declined to disclose the transaction price.