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Development Forecast Report for Mining and Mineral Extraction Machinery in Russia 2008-2011

August 25th, 2008
Development Forecast Report for Mining and Mineral Extraction Machinery in Russia 2008-2011

Research and Markets has announced the addition of the “Mining and Mineral Extraction Machinery in Russia 2008. Development Forecasts for 2008-2011″ report to their offering.
This Mining and mineral extraction machinery in Russia 2008 describes and analyses the Russian market for machinery used in the mining, extraction, processing of and exploration for minerals, metals, coal, oil, [...]

Severstal Extends Tender Offer for Shares of Esmark Incorporated

July 20th, 2008
Severstal Extends Tender Offer for Shares of Esmark Incorporated

OAO Severstal, one of the world’s leading metals and mining companies, announced that it has extended the expiration date for its tender offer to purchase all outstanding shares of Esmark Incorporated (Nasdaq: ESMK; “Esmark”), at an offer price of $19.25 per share, to 10:00 a.m., Eastern Daylight Time, on Monday, August 4, 2008.
The tender offer [...]

Khan Resources Extends Bid for Western Prospector; Advised That Shareholder Rights Plan Has Been Waived

July 11th, 2008
Khan Resources Extends Bid for Western Prospector; Advised That Shareholder Rights Plan Has Been Waived

Khan Resources Inc. announced that Western Prospector Group Ltd. has advised that it has irrevocably waived the application of its shareholder rights plan to Khan’s offer to acquire the outstanding shares of Western Prospector (the “Offer”), as it may be amended or varied, in order to allow Khan to take up shares of Western Prospector [...]

Russian Oil Official ‘Not Worried’ About Production

July 10th, 2008
Russian Oil Official ‘Not Worried’ About Production

A top government official shrugged off concerns about Russia’s stagnating oil output, saying several new fields are expected to come on stream by the end of the year.
Deputy Prime Minister Igor Sechin — chairman of state-owned oil major Rosneft — told a briefing that he was “not worried” about the decline in Russia’s oil output [...]

Russians Won’t Sell TNK-BP Stake

June 17th, 2008
Russians Won’t Sell TNK-BP Stake

Russian shareholders involved in a bitter public dispute with BP PLC over its TNK-BP joint venture have no intention of selling their stake.
Billionaire tycoon Mikhail Fridman says he and the other Russian partners in TNK-BP will press their demands for the ouster of its American chief executive and other changes in the oil company, which [...]

Norilsk Nickel foresees lower IFRS-based annual net profit

June 10th, 2008
Norilsk Nickel foresees lower IFRS-based annual net profit

Norilsk Nickel expects its net profit under IFRS to slide to $5.3bn in 2007 from $5.96bn posted for the previous year, the Russian precious metals producer said in a memo prepared for the company’s annual general shareholders’ meeting scheduled for June 30. Meanwhile, the document states that, net of damage to business reputation, Norilsk Nickel’s [...]

Russian billionaire Prokhorov says eyes uranium

June 9th, 2008
Russian billionaire Prokhorov says eyes uranium

State-controlled uranium miner Atomredmedzoloto will be in charge of developing Elkon and other deposits. The company plans to produce 10,000 tonnes a year of uranium by 2015, more than three times what it produced last year. (Reporting by Polina Devitt, writing by Robin Paxton; Editing by David Cowell) - ST PETERSBURG, Russia, June 8 - [...]

CEO of Russia’s TNK-BP Questioned in Tax Case

June 6th, 2008
CEO of Russia’s TNK-BP Questioned in Tax Case

The American chief executive of Russian oil producer TNK-BP was called in for questioning as part of a criminal investigation into possible large-scale tax evasion, according to the company.
The pressure on Robert Dudley comes as the company’s Russian shareholders battle British oil major BP PLC for control of the joint venture, Russia’s third-largest oil producer.
TNK-BP [...]

Norilsk Nickel now sees LSE listing early July

May 31st, 2008
Norilsk Nickel now sees LSE listing early July

Norilsk Nickel is targeting a supplementary listing on the London Stock Exchange for the beginning of July, said the Russian metals giant’s chief executive, Denis Morozov.
“The listing will broaden the base for investors, give us more liquidity and, in time, a higher capitalization,” Interfax quoted Morozov as saying.
Norilsk initially had intended to list in London [...]

Norilsk Nickel shareholder urges talks with UC RUSAL

May 31st, 2008
Norilsk Nickel shareholder urges talks with UC RUSAL

Head of Interros and one of the main shareholders of Norilsk Nickel Vladimir Potanin has recommended the managers of the Russian mining and metallurgical company to launch a new round of talks with UC RUSAL on the divestment of energy assets into an independent company, the Russian businessman told journalists today. Potanin noted that he [...]


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