Diamonds, Mechel

The share market opens with an increase in RTS by 0.4% and a decrease in the MICEX by 0.01%.

On Monday the Russian stock market opened on a multi-polar blue chip price dynamics amid a decrease in global stock exchanges, the weakening of the rouble and oil on Friday; the MICEX and RTS index

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ALROSA, Mechel, Polyus Gold are among the partners

Institute of Mining Affairs of the North SB RAS (The Siberian Branch of the Russian Academy of Sciences) is the only academic mining institution on the northeast of Russia. Its basic and applied research of solid minerals deposits development in permafrost zone is applied at the mines of Yakutia and beyond it.

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Mechel can be saved by Far Eastern project

Mechel can pay off $7.5 billion of its debt via getting 20% in the new Far Eastern mining and metallurgical company. The basis of the consortium with attraction of the Russian and foreign partners can be several assets of Mechel, Evraz and VEB’s Amurmetal, Kommersant reports.
The source of the newspaper claims that they found the consortium with participation of the Russian and foreign partners that will buy out all Mechel’s assets with exception for Bluestone, ZSMK, Raspadskaya and Timir iron ore project, the joint venture of Evraz, Alrosa and VEB holding the golden stock, at the expense of the investors, the state banks and VEB. The consortium also gets VEB’s Amurmetal. They will also join the consortium the shareholders of the Vanino port that will bring the object to its authorized capital. The consortium will pay for the assets in cash, with own shares and bonds.

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Mechel might survive by the means of its new project in the Far East

Mechel might be able to settle $7.5 bln of its debt by obtaining 20% in a new mining and metallurgical company in the Far East. The basis of the consortium with the attraction of the Russian and foreign investors might become a number of the assets of Mechel, Evraz and “Amurmetal”,belonging to VEB Kommersant reports.
The interlocutor described the scheme in the following way: a consortium is formed with the participation of Russian and foreign investors. With their funds, plus the funds of the state banks and VEB, the consortium purchases all Mechel’s assets (besides the American Bluestone), the West-Siberian metallurgical plant (ZSMK), “Raspadskaya” and the iron ore project “Timir” (JV of Evraz, Alrosa and VEB in which it has the golden share) from Evraz as well as obtaining Amurmetal” (belonging to VEB).
The consortium will also comprise the shareholders of the Vanino port that will enter it into the registered capital. The consortium will pay for the assets in cash, using its own funds and bonds.

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New Enhancements to Rusmininfo,full story selector available in Russian

Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
Best Regards
Rhod Mackenzie
Managing Director

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