Russian billionaire Roman Abramovich intends to build a $500 million cement plant in the Ural Mountains, a regional official has confirmed.

By Yuriy Humber Evraz Group, a steel maker partly owned by the billionaire Roman Abramovich, has agreed to buy Claymont Steel Holdings for $564.8 million, the Russian company's second all-cash acquisition in the United States within a year.

By ROBERT LEA ROMAN ABRAMOVICH flexed his muscles in the gold market today, taking 25% control of London-listed Russian miner Highland Gold.

By Robert Lea, Evening Standard, London Dec. 4--Roman Abramovich flexed his muscles in the gold market today, taking 25 percent control of London-listed Russian miner Highland Gold.

Russian businessman Roman Abramovich, the owner of Chelsea football club and the governor of Chukotka province, plans to buy a controlling stake in a private all-cargo Italian airline Ocean Airlines for approximately 300 million euro, according to a source close to the negotiation.