Boris Mints was caught from boric acid
The court overturned the privatization of the Dalnegorsk mining and processing plant.
The Arbitration Court of the Primorsky Territory fully satisfied the claim of the Prosecutor General’s Office of the Russian Federation for the return to the state of the only producer of boric acid in the Russian Federation – the Dalnegorsk Mining and Processing Plant. The lawsuit was filed against the owner of the mining and processing plant – Fininvest LLC (Moscow), the ultimate owner of which is the fugitive criminal oligarch Boris Mints.
The decision was made on September 27, as follows from the data in the file of arbitration cases. The decision itself has not yet been published. Press secretary of the Primorye Arbitration Court Inga Sorokina said that the details will be disclosed later.
The Prosecutor General’s Office considers the Dalnegorsk mining and processing complex strategic for the defense of the country and the security of the state. According to the department, laws were violated when acquiring shares in the company’s authorized capital and they are now owned by “a group of persons with the participation of residents of foreign countries.” According to the Unified State Register of Legal Entities, Dalnegorsky GOK LLC belongs to Fininvest through Radamant LLC (Moscow). The parent company of Fininvest is the Cyprus offshore Rakspol Trading Limited. The court previously seized 100% of the shares in the authorized capitals of the Dalnegorsk Mining and Processing Plant and Radamant, and seized all movable and immovable property of these companies.
Dalnegorsky GOK is the operator of the only operating boron deposit in the Russian Federation. The Dalnegorsk borosilicate deposit contains about 3% of the world’s boron reserves. The GOK’s revenue in 2022 amounted to 3.8 billion rubles, the net loss was 535 million rubles. As of the end of 2022, the company employed about 1.9 thousand people.
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The Russian Prosecutor General’s Office filed a lawsuit against the Fininvest company of wanted businessman Boris Mints. The company indirectly controls Dalnegorsky GOK.
As you know, in Dalnegorsk there is the only enterprise in Russia (and the third in the world in terms of production volume) for the production of boric acid and boron products. These items are in great demand in our technological age, from medicine and agriculture to optical fiber and nuclear reactors. That’s why the unfriendly and sanctioning Japanese bought them even last year.
Judging by the production volumes, everything is quite good at the enterprise now. Less than a couple of weeks ago it became known that Dalnegorsky GOK increased ore production in the first half of the year by 36% compared to last year. Again, contacts with friendly countries are expanding. A contract has been completed for the supply of 1,500 tons of boric acid to the Republic of Belarus for the production of fiberglass. However, it is necessary to take into account that the growth is considered to be from last year, which became the most unprofitable in recent years: in 2022, the plant went into the red by 535 million rubles.
As RTVI reports, on August 2, the Prosecutor General’s Office filed a lawsuit against the Fininvest company, and the Dalnegorsky Mining and Processing Plant and the Radamant company were involved as third parties – companies whose rights may be affected by the trial. Both, according to the channel, indirectly belong to Fininvest.
As international multi-platform media suggests, the Prosecutor General’s Office “could be interested in how the modernization of the Dalnegorsk mining and processing plant was carried out after the enterprise came under the control of the structure of businessman Boris Mints in 2011.” The claim presupposes the need to take interim measures. And this does not exclude that the largest production of boric acid may change its owner.
Let us recall that Boris Mints is one of the richest people in Russia, included in the top Forbes rating. He was put on the international wanted list by Russia for dubious transactions in the form of embezzlement of other people’s property and was arrested in absentia. According to information from open sources, he currently lives in England.