Email This Post - Print This Post Print This Post

By John Helmer, Moscow Magic is a type of confidence trickery, but not all confidence tricksters are magicians. The difference is whether, when the magician pulls, the hat has got a real rabbit in it. Minerals under the ground have something in common with rabbits; that’s to say, sometimes they are there – sometimes there’s [...]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow BC Iron is a small but promising iron-ore miner from Western Australia, which is China’s mineral supply province and rival of Russian suppliers to China. The company is now testing the share price at which it was the target of an abortive takeover attempt a year ago. The bidder at that [...]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow Now for those who think the appetite for due diligence and accountability deadens the taste for opportunity, the good news from the Russian goldmines comes today from Alfa Bank’s metals analyst Barry Ehrlich, in a set of three fine reports. The global supply and demand balance for gold is stable: the [...]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow Evraz, Russia’s largest steelmaking group, has announced this week the creation of a special internal committee on health, safety and environment, and will appoint a new vice president to supervise these issues. A company statement says it “is focused on increasing the level of industrial safety, labour protection and care of [...]

Email This Post - Print This Post Print This Post

By John Helmer in Moscow It hasn’t been a golden autumn for Peter Hambro (Petro) and Pavel Maslovsky (Pavlovsk) or their London Stock Exchange mining play, Petropavlovsk plc. First, there was a problem with falling production – and falling share price. Then there was the refusal by the Hong Kong Stock Exchange listing committee to [...]

Email This Post - Print This Post Print This Post

By John Helmer in Moscow The Evraz Group, Russia largest steelmaker, has started a $440 million project to reconstruct the Novokuznetsk Metallurgical Combine (NKMK) mill to produce 25-metre and 100-metre rails for high-speed railway lines being built in Russia. A company announcement says the new mill at Novokuznetsk city, in the Kemerovo region, will be [...]

Email This Post - Print This Post Print This Post

By John Helmer in Moscow The spokesman for Alrosa, the state-owned Russian diamond miner, Andrei Polyakov, has made a statement this week to reporters that Alrosa is considering spinning off three of its diamond mining units, and selling a minority shareholding in each at an initial public offering (IPO). According to a news agency, Polyakov [...]

Email This Post - Print This Post Print This Post

By John Helmer in Moscow Russia’s industrial and mining sectors are so thoroughly dominated by the handful of proprietors known as oligarchs, the only time that federal government regulators dare to interfere with their operations by attempting to enforce the law is when the regulators get their cue from a senior government official. And the [...]

Email This Post - Print This Post Print This Post

By John Helmer in Moscow In the world of mining, it can be much more profitable to leave the gold in the ground, and take out the cash from booming share or equity value. According to Oleg Mitvol, the mine regulator for the Russian Ministry of Natural Resources until last month, Russian goldminers are guilty [...]

Email This Post - Print This Post Print This Post

By John Helmer in Moscow Prime Minister Vladimir Putin has put his signature on one of the strangest mining prospector’s pay-sheets ever drafted in the history of mining. According to the prevailingRussian law, now one year old, if a miner does not qualify as Russian, and if what he discovers is big and valuable enough, [...]