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By John Helmer in Moscow After six months of negotiations have failed to resolve investment and spending conditions, Victor Vekselberg’s Renova group and United Manganese of Kalahari (UMK), its South African partner, have been unable to agree on whether the project is dead, on care and maintenance, or life-support. One result is that the Russian […]

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By John Helmer in Moscow Russian state development bank Vnesheconombank (VEB), chaired by Prime Minister Vladimir Putin, is reported to have approved a US$1.8 billion loan for steel and mining giant Evraz Group, whose major shareholders include Roman Abramovich, following a board session of the board last Friday. Evraz sources decline to confirm the loan, […]