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By John Helmer, Moscow Russian oil company LUKoil plans to launch commercial production of diamonds at its Grib diamond mine in September, the company confirms. It is the first diamond mine to be opened in Russia since Alrosa, the state diamond miner, commissioned the Nyurba mine in Sakha in 2003. Alrosa’s Lomonosov diamond mine, less […]

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By John Helmer, Moscow Noone at Davos this week owes as much money to as many banks, and has escaped as many default notices, as Oleg Deripaska, the Kremlin’s trustee for the state aluminium monopoly United Company Rusal. No surprise then that as he flew into Zurich enroute for this week’s World Economic Forum, the […]