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By John Helmer, Moscow It was a specialty of the Chicago Irish at the turn of the 20th century. A Mickey Finn was a drug that was slipped into your cocktail without your knowing, in order to incapacitate you. When you came to, the only thing you knew was that you were missing your valuables. [...]

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By John Helmer, Moscow Evraz, the steelmaking group owned by Roman Abramovich and Alexander Abramov, has revealed that it cannot complete the sale of its South African steel subsidiary, Highveld Steel & Vanadium, on time, and that the South Africans are the reason for the fresh delay. At the same time, Russian Foreign Minister Sergei [...]

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By John Helmer, Moscow An attempt by Siberian Anthracite, a little known Russian coal producer, to list and sell its shares on the London Stock Exchange (LSE) collapsed today, just hours after Reuters reported the sale was going ahead. According to the report from the Reuters Moscow Bureau, the initial public offering “has been subscribed [...]

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By John Helmer, Moscow It isn’t known whether Dmitry Shatokhin (right), the chief executive, board chairman, and apparent control shareholder of Siberian Anthracite, reads the news. Not the commodity price reports showing that the demand and price for the coal he is selling are falling. Rather, the news that President Vladimir Putin, along with the [...]

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By John Helmer, Moscow Eurochem, a Russian fertilizer miner and manufacturer owned by Andrei Melnichenko, is suing the South African mine technology company Shaft Sinkers for $800 million on account of a mining technology which Eurochem says has failed in Volgograd (image right). Shaft Sinkers says the technology works perfectly well, in Yorkshire (left) for [...]

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By John Helmer, Moscow It’s not a good time to be a steelmaker — not if you are in Russia, not if you are in China, and certainly not if you are in the US or the European Union. But if mining manganese, the vital steel-hardening alloy, is what you do for a living, the [...]

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By John Helmer, Moscow Righteous indignation is to investigative journalism what Joseph Goebbels was to truth. So what was really going on in the last days of April when the London media celebrated the Russians who this year topped the UK Rich List, but discovered something going badly, maybe criminally wrong at Eurasian Natural Resources [...]

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By John Helmer, Moscow At a physicists’ teaparty, Albert Einstein once asked Niels Bohr whether the two of them should accept that “the moon does not exist if nobody is looking at it.” Bohr’s reply was that, hard as Einstein might try, so long as the moon was accompanied by noone, Einstein’s proof would be [...]

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By John Helmer, Moscow Igor Zyuzin (right) is almost entirely dependent on the Russian government for the solvency of his Mechel steelmaking and coalmining group. With between $9 billion and $10 billion in debt, Zyuzin, who owns 65.49% of Mechel’s shares and controls the company as chairman of its board, is now the steel and [...]

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By John Helmer, Moscow Igor Zyuzin’s desperately indebted steel and coal-mining group Mechel is negotiating the sale of a 25% shareholding stake in Mechel Mining, his coal division, for $1.25 billion. That’s a fraction – maybe half — of what it was worth two years ago. Would such a loss of capital value, and the [...]