Email This Post - Print This Post Print This Post

By John Helmer, Moscow There has long been a fear on the Russian side that South Africa will sell as much platinum and palladium as it can mine, threatening the market price of both metals, and leaving Russia holding very large, very secret stocks of dwindling value. From the Russian point of view, that’s not [...]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow If 85% of something was worth $320 million on March 27, then full value would be about $377 million. And if that something is identified as Highveld Steel & Vanadium Ltd. — a major South African producer of flat steel products and vanadium with which to harden steel — then how [...]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow When precious metal geologists kiss their wives good night, and go to sleep, they dream of pushing upstream from river-borne, alluvial or placer deposits of platinum, to strike the mother lode. In geological theory, this is the El Dorado of the platinum business – a bedrock of high-grade platinum ore, not [...]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow In The Long Good-Bye, private detective Philip Marlowe says of the snob column in the newspapers, “I don’t read them often, only when I run out of things I dislike.” Some people feel that way about the weekly report from Emerging Portfolio Fund Research(EPFR). That is the Boston outfit which tracks [...]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow Oleg Deripaska (right), the chief executive of United Company Rusal, not only persuaded Muammar Qaddafi and his son, Saif al-Qaddafi (left), to invest in Rusal shares to support the company’s listing in Hong Kong last year. It now appears the Libyans also bought a stake in Norilsk Nickel to assist Deripaska [...]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow Indirectly but without ambiguity, Alisher Usmanov acknowledged for the first time on Tuesday, in a Moscow newspaper he owns, that he has failed to sell shares in his principal asset, the Metalloinvest iron-ore mining and steelmaking group, to anyone. His recourse, he also made clear, is to hold hands with Oleg [...]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow It is now one week since Rusal obliged Norilsk Nickel to call an extraordinary meeting of shareholders for a fresh round of voting on the Norilsk Nickel board . This is the third such vote; the first was at the regular annual shareholders meeting of Norilsk Nickel on June 28, last [...]

Email This Post - Print This Post Print This Post

Reuters 2/3/11 CONAKRY – Guinea’s President Alpha Conde on Tuesday enlisted the help of billionaire investor George Soros to review the resource-rich West African nation’s mining code and fight corruption in the sector.

Email This Post - Print This Post Print This Post

By John Helmer, Moscow Oleg Deripaska will fail to swing Norilsk Nickel’s international shareholders into voting for his slate of candidates for the new board of directors at Norilsk, according to a report and proxy vote recommendation by Institutional Shareholder Services/Risk Metrics, a Washington, D.C.-based advisory specialist.

Email This Post - Print This Post Print This Post

By John Helmer, Moscow The Jackal’s Wedding is an old Bedouin expression. It means that the beasts will love each other so long as their fallen prey is ample enough to feed the pack. And if there’s no meat, they will attack each other.