Source – www.mining.com
Andrey Melnichenko, the youngest of Russia billionaire’s boys club, he made his first billion at the tender age of 32 and now sits on a cash pile of some $12 billion.
The 42-year old co-founded MDM Bank with Sergei Popov in 1993 and the pair then moved into coal, fertilizer and pipes.
After a split of assets Melnichenko kept 80% of Russia’s no.1 coal firm SUEK (Siberian Coal Energy Company) and fertilizer-maker Eurochem.
Already the phosphate and nitrogen leader, Eurochem, is spending $5bn on two potash mines in Russia that could …