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By John Helmer, Moscow The Ukrainian civil war, and its aftermath, economic warfare between the US, the European Union, and Russia, are transforming the global flows of the minerals from which steel is made. Starting with iron-ore, the future for steelmaking will start at the minehead, not in Australia, nor Brazil, but in West Africa. […]
Filed under: DwB, Mining, Steel, Ukraine by Editor - Tuesday, October 7th, 2014
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By John Helmer, Moscow A combination of American and British commodity traders, aided by George Soros (lead image, left), is planning to oust United Company Rusal, the Russian aluminium monopoly, from its Friguia bauxite and alumina concession in the west African Republic of Guinea. The plan, according to sources in London and Conakry, the Guinean […]
Filed under: Africa-Russia, Aluminium by John Helmer - Monday, July 28th, 2014
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By John Helmer, Moscow United Company Rusal, the state aluminium monopoly controlled by Oleg Deripaska (right), has failed in a bid to ward off billion-dollar sanctions from Alpha Conde (centre), the President of Guinea, with an offer to start a cheap, new bauxite mine three years from now. Sources in Conakry, the capital of the […]
Filed under: Africa-Russia, Aluminium by John Helmer - Friday, July 18th, 2014
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By John Helmer, Moscow Victor Boyarkin, the former lieutenant-colonel of Russian military intelligence and special operations chief for United Company Rusal, returned to the company on Monday after an absence of fifteen months. In Conakry, the capital of Guinea, his arrival is anticipated shortly for a fresh attempt by Oleg Deripaska, Rusal’s chief executive, to […]
Filed under: Africa-Russia, Aluminium by John Helmer - Tuesday, June 17th, 2014
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By John Helmer, Moscow This week it’s hot and humid in Conakry, capital of the west African Republic of Guinea. It will hit 30 degrees in the day; the humidity will be 100%. Until Saturday, when the much-postponed, much-rigged parliamentary elections will be held, there will be occasional thunderstorms, sunny spells, and an inch of […]
Filed under: Africa-Russia, Aluminium, Oligarchs by John Helmer - Tuesday, September 24th, 2013
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By John Helmer, Moscow The share price of OM Holdings (OMH:U), one of the few pure manganese miners in the world to be listed on an international stock exchange, fell 9% the day after the Australian and US governments signed a new military pact, inviting 2,500 US Marines to a base in Darwin, and threatening […]
Filed under: Australia-Russia by John Helmer - Sunday, November 20th, 2011
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By John Helmer, Moscow As Canadian stock market regulators open their first-ever investigation into listing practices by Russian companies trading on the Toronto Stock Exchange, the chief executive of High River Gold (HRG) has warned shareholders against reading reports appearing on this website. A Canadian shareholder of HRG has received an email letter from Konstantin […]
Filed under: Gold, Mining, Oligarchs by John Helmer - Monday, July 11th, 2011
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By John Helmer, Moscow Now it’s official – the French, British, Americans, Chinese and Indians are all behind Guinean President Alpa Conde’s decision to revoke the Russian concession for the world’s largest unmined bauxite mining deposit, Dian-Dian, and hit the current concession holder, United Company Rusal, with back-tax and fraud claims, plus interest and penalties, […]
Filed under: Africa-Russia, Aluminium by John Helmer - Wednesday, June 29th, 2011
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By John Helmer, Moscow In a series of preemptory dismissals, the head of global alumina operations for United Company Rusal, Yakov Itskov (left image), and his chief executive Oleg Deripaska (right image), have been ordered out of the rooms of Guinea’s two mining ministers, Mahmoud Thiam, and his successor, Mohammed Lamine Fofana, after the ministers […]
Filed under: Africa-Russia, Aluminium by John Helmer - Monday, May 9th, 2011
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By John Helmer in Moscow The west African republic of Guinea has never before been so important to Russian mining companies – and to the even bigger internationals. So when Guinean voters go to the polls for the runoff round of their presidential election, much is at stake – and not only for our Russian […]
Filed under: Africa-Russia, Gold, Oligarchs by John Helmer - Friday, September 17th, 2010
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