Norilsk Nickel

Credit crunch hits shipping

THE credit crunch is starting to bite into commodity markets as the demand for coal and iron ore falls and shipping firms lose business. Hong Kong's largest dry bulk carrier Pacific Basin and Thailand's second largest shipping...

Decision of the Board of Directors of OGK-3

The Board of Directors of OGK-3 adopted a strategy to expand its asset base and create a diversified holding to include assets in gas and alternative energy, including hydrogen and peat energy. In pursuit of this strategy, the...

Russia rich list set for reshuffle

Some of Russia's richest lose paper fortunes through plunging stock prices Others are poised to take advantage buying back shares at low prices Forbes' list of the world's rich this year includes 87 Russians Russia badly hit by...

Russian markets close with sharply higher gains

Russia's leading stock indexes surged upwards Tuesday, regaining some of the heavy losses suffered in the past ten days despite a one-hour suspension of trading. The MICEX stock exchange was up 13.3 percent to close at 755.2,...

Russia's RTS closes trading with robust growth

MOSCOW, October 14 (RIA Novosti) - Russia's leading stock exchange finished trading on Tuesday with its index showing large gains on positive news from U.S. and European stock markets. The benchmark RTS index closed at 869.51...

Premier League: Roman Abramovich and Alisher Usmanov remain bullish as billions wiped from value...

The Russian billionaire Alisher Usmanov last night said that he had no intention of selling his stake in Arsenal despite the global economic crisis, and compared his love for the club under Arsène Wenger to that of a "man for a...

Prokhorov Warns Against Buyback

14 October 2008By Anatoly Medetsky / Staff WriterBillionaire investor and Norilsk Nickel board member Mikhail Prokhorov warned on Monday that a planned $2 billion share buyback could push the company to bankruptcy. The...

Oct 13. Rusal is looking to convene an EGM at NorNickel in order to elect a new...

Oct 13. Rusal is looking to convene an EGM at NorNickel in order to elect a new and enlarged board of directors. According to the aluminum producer, a respective notice was sent on Friday to NorNickel CEO Vladimir Potanin whose...

Russia's Potanin sells $600 mln assets to Norilsk unit (at Reuters)

MOSCOW, Oct 13 (Reuters) - Russian billionaire Vladimir Potanin has sold $600 million worth of assets to the power unit of mining giant Norilsk Nickel (GMKN.MM: ), the unit said on Monday in a move that may deepen a spat...

Rusal Pushes Norilsk Nickel Board

By JACOB GRONHOLT-PEDERSEN and ALEXANDER KOLYANDR Russian aluminum producer United Co. Rusal requested an extraordinary general meeting of shareholders in miner OAO Norilsk Nickel to elect a new expanded board of 13 members,...

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