Insider dealer out
Jo Malins, the mining entrepreneur fined £25,000 last month for insider dealing, stepped down from Cambrian Mining, where he was finance director — the fifth board he has quit. Cambrian also parted company with its nominated adviser Williams de Broë, replacing it with Teather & Greenwood.
Rio Tinto deal
Rio Tinto has become the first of the world’s leading mining companies to cement a position in Russia after signing a far-reaching exploration and development deal with Norilsk Nickel. Rio Tinto will own 49 per cent of the venture company, which will explore predominantly for copper and molybdenum.