Investor Breathes New Life Into Major Arctic Coal Project
Roman Trotsenko, one of Russia’s richest businessmen, plans to invest 33 billion rubles ($476 million) into a major Arctic coal extraction project, Forbes Russia reported. Trotsenko on June 18 formalized the acquisition of 75% of shares in the Arctic Mining Company and intends to forge ahead with big plans for coal production on the tundra. Troubled project The…