RE: Delayed interview / RNS30 Oct 2019 11:09
VOX: Alexei, could you please introduce yourself?
AC: Currently, I am a strategic advisor to the board of Eurasia and my main experience is coming from Goldman Sachs and Morgan Stanley, where I have been involved in a number of M&A deals selling Russian mining companies to investors from all over the world.
VOX: Why have you chosen CITIC and VTB to work with Eurasia?
AC: CITIC and VTB Capital are the largest investment banks in China and Russia, respectively, and they have the biggest investor reach, not only in China and Russia, but also in the rest of the world, when it comes to marketing Russian mining companies.
VOX: Who are Eurasia’s contacts with CITIC and VTB?
AC: In CITIC, we are sponsored on the very top level by the Chairman of CITIC Merchant, the investment and merchant banking arm of CITIC, as well as by his advisor, who used to be the CEO of Gazprombank, Asia Pacific. In VTB, we are supported by the top people as well, whom we worked on multiple transactions previously. Both banks are the best you can possibly get to market and sell Russian mining companies.
VOX: I know you cannot mention the names, but are you in talks with just one or several strategic investors now?
AC: It has been always my habit to talk to multiple strategic investors to make sure a good deal can be negotiated. This is one of the key lessons I learnt very well working for bulge bracket investment banks selling Russian companies.
VOX: At MT/Kola project you have upgraded your potential resources from 2moz to 15moz of palladium including the flanks. What does it mean for Eurasia?
AC: It means that our value potential has been upgraded to a completely different league of major palladium companies. And we believe that 15 million ounces of palladium is just the beginning. We are looking at several other licenses at Kola with over 40 million ounces of palladium in total. Having said that, already with up to 15 million ounces of palladium we are an extremely attractive to large strategic investors.