Russian Tech eyes $3 bln investment in Udokan copper

Russian Tech eyes $3 bln investment in Udokan copper. State-owned conglomerate Russian Technologies and its partners in the Udokan copper project plan to invest $3 billion in the next two to three years and are in talks with banks on funding, the firm's head said on Thursday. Sergei Chemezov said Russian Technologies and its partners, including iron and steel firm Metalloinvest, were in talks with Russian state-owned banks VEB and VTB over funding. Speaking to reporters in the Turkish capital Ankara, he also said the firm did not rule out a loan from foreign banks to develop Udokan, Russia's largest untapped copper deposit.