The Federal Antimonopoly Service rejected VSMPO AVISMA’s request, denying the latter the right to buy 18% of Ural Gold’s shares. This ore mining enterprise’s major asset at the moment is the license allowing it to develop Yuzhno-Shameyskoye molybdenum ore deposit in Sverdlovsk Region.

The Service explains that, among other things, VSMPO AVISMA failed to provide the antimonopoly watchdog with accurate data on the company’s stockholders.