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By John Helmer in Moscow Novlipetsk Metallurgical Company (NLMK), the third ranked Russian steelmaker owned by Vladimir Lisin, is considering whether to cancel two recently announced US acquisitions — John Macneely Corporation (JMC) and Beta Steel. JMC was purchased for $3.54 billion in August; Beta Steel for $400 million in September. The deals are not […]

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Delay and new cost conditions may persuade De Beers to abandon the Grib pipe By John Helmer in Moscow Unclear conditions set for De Beers’ s new Archangelsk region diamond project, and unexplained delays by the Russian government in communicating them, are likely to trigger the cancellation of the $172 million fund-raising, held last June […]