By John Helmer in Moscow The first major Russian corporation to attempt to issue shares on the London Stock Exchange since the 2008 crisis has now failed, after the UK Financial Services Authority (FSA) opened an investigation into Dmitry Mazepin’s fertilizer holding Uralchem. Undisclosed shareholders; a mysterious $200 million share transaction involving insiders; and inadequate […]
By John Helmer in Moscow Russia’s Prime Minister Vladimir Putin has announced through the Interfax wire service that as part of the improving relationship between his government and that of the newly elected Ukrainian President, Victor Yanukovich, the Russian government is prepared to accept a current import quota for Ukrainian large diameter pipes (LDP) of […]
By John Helmer in Moscow If you can peer through the volcanic dust, you can tell it’s spring again for the world’s farmers and global feed and food grain production. So naturally the Russian fertilizer companies, which have been one-man bands until now, are thinking of coming back to the stock markets. The first to […]
By John Helmer in Moscow The Evraz Group, Russia’s biggest steelmaker, has announced that it has started construction of a new railroad to serve the group’s iron-ore mine and combine, Sukha Balka at Dniepropetrovsk in the Ukraine. An official statement by Evraz spokesman Alexei Agureyev in Moscow explains that the new line may take six […]
Benchmark – LME aluminium, cash price
By John Helmer in Moscow A gas supply agreement signed yesterday by the presidents of Russia and Ukraine dramatically changes the prospects for both oil and gas shipment across and under the Black Sea; extends Russia’s Black Sea Fleet lease of the Sevastopol base by another 25 years; and costs Gazprom nothing.
By John Helmer in Moscow Uralchem is the latest of Russia’s fertilizer producers and exporters to ask the London stock market to subscribe funds on trust. Between $496 million and $642 million worth of trust, according to the document entitled “Preliminary Prospectus” issued for Uralchem on April 19. The offerors are Renaissance Capital, Morgan Stanley, […]