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By John Helmer, Moscow Alexei Mordashov (lead image, top left), the mining and metals oligarch, promised President Vladimir Putin (centre) that in future he would stick to investing in Russia. “We did a great deal of work abroad,” he told  the President, “but came to the conclusion that our future lies primarily in Russia, in […]

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By John Helmer, Moscow If you can read this, you missed an attack on this website. It started, coincidentally, when the Moscow office day commenced. The general commanding our rocket forces forbids us to reveal  the method of attack and  how it was intercepted and zapped, restoring our coverage of stories like this one on […]

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By John Helmer, Moscow In the criminal fraternity it’s believed that light fingers are a juvenile condition it’s best for the practicioner to grow out of when more serious property transfers are in contemplation. Alexei Mordashov (lead image, right), the Russian steelmaker and goldminer, is a quick learner and a grown-up. With a net worth […]

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By John Helmer, Moscow Tiger is an unlucky brand-name for Russian investment. The record of Mikhail Prokhorov and Maxim Finsky in trying, and failing three times over to sell shares in White Tiger Gold on the Toronto Stock Exchange explains. So why is the Russian Direct Investment Fund, a state development bank, betting on a […]

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By John Helmer, Moscow Petropavlovsk Plc has almost run out of tricks. Advertisements placed at the start of this month in the London papers that the goldminer may be on the receiving end of a Russian-funded bailout lifted the London Stock Exchange share price for less than 24 hours. The market capitalization has since continued […]

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By John Helmer, Moscow It can be no surprise, not even to Russian dunces, that Suleiman Kerimov, the only Russian oligarch and senator of the Russian parliament who has never answered a question in public, has been trying to cash out of Polyus Gold, and can find no takers. Especially not at the current price […]

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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 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 Oligarch ownership hasn’t given Russian goldmines a good name, or at least not a stable one. So if you take the 5-year view and judge that the gold price has peaked, while the cost of developing new mines is going up, the grades going down, you don’t need to be an […]

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By John Helmer, Moscow Do snaps of businessmen playing cards, or dancing the lezginka together, prove they are in a concert-party relationship which is an unauthorized way of making money, according to Rule 9 of the Takeover Code for companies listed on the London Stock Exchange — if they keep it secret from other shareholders? […]