Articles by Alexandra Terentyeva



Industry Ramping Up Retention Programs

A labor shortage is forcing companies to find creative ways to attract and keep blue-collar workers. Basic Element is ready to double salaries over the next two years, provide assistance for better housing and even dole out equity packages.

Potanin Increases His Stake in Norilsk

Vladimir Potanin has become the largest shareholder in Norilsk Nickel. At a shareholder's meeting on Friday, Interros could gain more seats than RusAl on the board of directors.

India Offered Role in Uranium Mining

Rosatom and state-owned Uranium Corporation of India Limited have been negotiating the joint development of a large uranium reserve in the republic of Sakha, said Sergei Kiriyenko, the head of the Russian state nuclear holding.

Lavrov Backed Efforts to Get Deripaska a U.S. Visa

Foreign Minister Sergei Lavrov has asked U.S. lobbying firm Endeavor Group to help billionaire Oleg Deripaska obtain an American visa.

Fertilizer Industry Resists Rising Gas Prices

Having accepted the inevitable liberalization of gas prices, manufacturers of nitrogen fertilizers are seeking their own formula for how to calculate what they will have to pay for their primary raw material.

Severstal Wins Battle for Crew Gold

Severstal has defeated Canadian investment fund Endeavour Financial Corporation in their battle for control of African gold producer Crew Gold.

Potanin, Prokhorov Conclude Property Split

Former partners Mikhail Prokhorov and Vladimir Potanin have eliminated the trust Folletina Trading and divided up their last joint business, developer Open Investments, ending their lengthy asset split and Russia's highest-profile corporate conflict in years.

Kerimov Eyeing the Creation of Potash Empire

Suleiman Kerimov, co-owner of potash producer Uralkali, recently met with Belarussian President Alexander Lukashenko and offered to buy a controlling stake in Belaruskali from the state, said a source close to one of Uralkali's shareholders.

RusAl Wants More State Money

United Company RusAl has requested 1.4 billion rubles ($45 million) from the government for the development of two innovation projects, and a commission has given preliminary approval to the projects, Vedomosti reported.

Kerimov Sought Approval to Buy 63% of Uralkali

Billionaire Suleiman Kerimov asked for government permission to purchase Dmitry Rybolovlev's entire 63.2 percent stake Uralkali. But a spokesman said it was an error and that Kerimov only wanted the 25 percent he had bought.

Deripaska Proposed for Norilsk Board

United Company RusAl's largest shareholder, Oleg Deripaska, could return to the board of Norilsk Nickel, perhaps to raise the question once again of a possible merger of the two Russian metals giants.

State to Resettle Some Single-Industry Towns

Concerned that the situation in 17 single-industry towns could collapse at any time, the government will help resettle residents in such cities that are depressed and diversify the industries of those classified as progressing.