Articles by Polina Devitt



RusAl Lands Deal With Norinco

  • 03 November 09
  • Reuters
United Company RusAl has struck a contract to sell 1.68 million tons of aluminum to Chinese state conglomerate Norinco over seven years.

State Plans Major Gold Sell-Off to Cut Deficit

  • 26 October 09
  • Reuters
The sales from the State Precious Metals and Gems Repository, also known as Gokhran, could account for 0.5 percent to 1.25 percent of global consumption of the metal, which soared in price to a record of $1,070.40 per ounce Oct. 14.

TMK in Talks to Solve Short-Term Debt Woes

  • 10 August 09
  • Reuters
Refinancing talks are under way at steel pipe maker TMK with several major Russian banks, allowing the firm to solve its short-term debt woes, its board member for strategy said.

Mechel Sees 'Substantial' Doubt as Going Concern

  • 25 June 09
  • Reuters
Debt-saddled steel and coking coal producer Mechel on Wednesday raised major doubts about its future as a going concern.

Norilsk Buyback in Doubt Amid Freeze

  • 30 October 08
  • Reuters
Norilsk Nickel shareholders who signed up for a $1.8 billion share buyback will be able to sell only 7.2 percent of shares tendered, as the offer, which remains subject to a Siberian court case, was 14 times oversubscribed.

Severstal Expands in U.S. in $1.3Bln Deal

  • 25 August 08
  • Reuters
Severstal will pay $1.3 billion to acquire North American coal miner PBS Coals in an all-cash deal giving it access to raw materials for its expanding network of U.S. steel mills.

Mechel Punished With Coal Price Cuts

  • 15 August 08
  • Reuters
Mechel must slash domestic coking coal prices and pay a ""below average"" fine for abusing its market position, anti-monopoly authorities said Thursday, as fears of a state attack on the company subsided

Kamgold to Expand Production Sixfold

  • 31 July 08
  • Reuters
Kamchatka Gold, a miner controlled by billionaire Viktor Vekselberg, plans to invest $250 million to $270 million to increase output sixfold and is considering a share float next year, its chief executive said Wednesday.

Miners To Invest $5Bln in Far East

  • 02 July 08
  • Reuters
The founders of British-Russian miners Peter Hambro Mining and Aricom will invest about $5 billion over the next six years developing mining, banking and infrastructure assets in the Far East.

Potanin for Spinoff of Norilsk Power Assets

  • 02 June 08
  • Reuters
Vladimir Potanin, the largest shareholder in Norilsk Nickel, is in favor of spinning off $7 billion of noncore power assets from the metals giant, supporting another large stakeholder.