Ukrainian billionaire Gennadiy Bogolyubov has trumped the rival bidders for Consolidated Minerals Ltd, including Brian Gilbertson's Pallinghurst Resources, by launching a $902 million all-cash takeover bid.

Ukrainian billionaire Gennadiy Bogolyubov has trumped the rival bidders for Consolidated Minerals Ltd, including Brian Gilbertson's Pallinghurst Resources, by launching a $902 million all-cash takeover bid.