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ConsMin dismisses OM takeover speculation

OLEG Sheiko, right-hand man to Ukrainian billionaire Gennadiy Bogolyubov, has reportedly dismissed talk of a move by Consolidated Minerals to take control of fellow manganese miner OM Holdings and has also warned that Australia's mining and carbon taxes will cause a flight of capital offshore.

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ConsMin dismisses OM takeover speculation

Bogolyubov paid $A1.3 billion in 2008 for ConsMin, OM’s biggest shareholder since 2009 with a 11% stake. Recently ConsMin has moved to oust two OM directors and replace them with independent nominees....

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