Russian lawmaker seeks Chinese investor for $1 Billion zinc mine

Russian lawmaker Mikhail Slipenchuk is seeking a Chinese investor for the $1 billion Siberian zinc deposit owned by his company IFC Metropol after Lundin Mining Corp. quit the project following the 2008 financial crisis.

"China will be the main consumer of our metal, that's why we prefer to get a Chinese partner," Slipenchuk said in an interview in Moscow. Talks are being held with Metallurgical Corp. of China and China Nonferrous Metal Industry's Foreign Engineering and Construction Co., he said in December.

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More details follows from Bloomberg