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By John Helmer, Moscow Magnitogorsk Metallurgical Combine (MMK), owned by Victor Rashnikov (left image), released its second-quarter operational report today, several days behind schedule. The report confirms the Russia-wide trend, already reported here, of cutbacks by the steelmaker for most types of its domestic production. The news may be awkward for Rashnikov, because a fortnight […]

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By John Helmer, Moscow Alrosa, Russia’s near-monopoly diamond miner, is for the third year running the world’s largest diamond miner. The good news appears in a brief summary report issued by the company this week. Production by Alrosa in the six months to June 30, this year, comes to 19 million carats. That compares with […]