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Petropavlovsk cuts exposure to IRC debt

Peter Hambro replaces son as iron ore miner's chairman

Alex Hamer
The K&S plant in Russia's far east

The K&S plant in Russia's far east

Petropavlovsk has lowered its guarantee under the new $240 million Gazprombank package from $204 million to $160 million. IRC had borrowed $340 million from ICBC to build the K&S iron ore project in...

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