Financial Times FT.com

Corruption casts a shadow on resourceful Russia

By Rebecca Bream and Neil Buckley

Published: December 1 2006 02:00 | Last updated: December 1 2006 02:00

Peter Hambro Mining is one of the London market's success stories and one of the few Aim-listed mining companies to have succeeded in Russia.

However, on Wednesday more than £100m was wiped from its market value after a Russian government official said he wanted to revoke five of its mining licences and accused it of breaching environmental regulations.

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