Benchmark – LME aluminium, cash price
Benchmark – LME aluminium, cash price
By John Helmer in Moscow Hong Kong Exchange executives and the Hong Kong stock market regulator appear to be cracking and splitting under the strain of a phantom share listing and sale for United Company Rusal, Russia’s aluminium monopoly and one of the world’s leading producers of bauxite, alumina and primary aluminium. Although anonymous sources […]
By John Helmer in Moscow To all junior miners, resource project developers, and investors in the risky wilds of Kazakhstan, be of good cheer — a Supreme Court judgement issued on December 11 in Sydney, Australia, has awarded the equivalent of US$11.4 million in compensation, penalties, and costs against a group of lawyers who have […]
Relayed by John Helmer in Moscow Question for Toby: has the Hong Kong Stock Exchange rejected the share listing application by United Company Rusal? Toby’s answer: Affirmative grunt. For at least two months the Hong Kong Stock Exchange and its listing division, and in parallel the state regulator, the Securities and Futures Commission (SFC) have […]
By John Helmer in Moscow In signals issued just ahead of today’s scheduled meeting of the Hong Kong Exchange Listing Committee, the committee announced a further postponement of its ruling on the Rusal application until December 7. The exchange has issued no public explanation. Media reports claim the reason is that the 28-member committee lacked […]
Put a little Hong Kong whitewash on your Rusal brush, and look at the difference it makes to your teeth… Before After By John Helmer in Moscow A left turn and quick walk out of the Hong Kong Stock Exchange (HKEx) building on the waterfront in Central Hong Kong will take you to the […]
By John Helmer in Moscow One celebration drink too many in Bar Vogue, in downtown Almaty, has turned out to leave a very bad taste for lawyers advising hard-rock mining and oil project start-ups in Kazakhstan. In a 216-page judgement issued this month, after three years of litigation across half the globe, a group of […]
By John Helmer in Moscow Three Japanese grain traders — Itochu, Sojitz, and Mitsui — are competing to establish the first major Russian grain export terminal at a Russian port on the Sea of Japan. Rapid growth of demand for wheat in the Asian markets, and the price and transport advantages of Russian grain, have […]
By John Helmer in Moscow MOSCOW – It is the clash of the titans of the global nickel, aluminum, copper, bauxite, cobalt and platinum markets – Vladimir Potanin’s Norilsk Nickel, Russia’s largest mining company, versus Oleg Deripaska’s United Company Rusal, the world’s biggest aluminum producer. Deripaska, Russia’s richest man, is seeking to take over Norilsk, […]