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MARKET REPORT: Anglo American shares shine after Botswana diamond deal

De Beers, which recovers precious stones from four mines in Botswana, struck a ten-year sales deal for Debswana s rough diamond production.

COMPANY NEWS IN BRIEF - Republikein - Jou Land, Jou Taal, Jou Nuus

COMPANY NEWS IN BRIEF

Mondi cancels plans to sell its largest Russian plant due to approval delays

Mondi has announced the termination of a $1.17 billion deal to sell its largest plant in Russia. The plant, JSC Mondi Syktyvkar, located in the Komi Republic, was intended to be sold to an investment vehicle owned by Russian billionaire Viktor Kharitonin. The decision to scrap the deal was made due to a "lack of progress" in obtaining the necessary approvals from Russian authorities, according to Lesprom Network.   

Mondi terminates $1 17bn Russian plant sale

UK paper and packaging maker Mondi on Monday said it was terminating a $1.17bn sale of its largest Russian plant to an investment vehicle owned by a Russian billionaire due to a "lack of progress" in getting he required approvals.

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