Polymetal International Plc, the gold and silver producer part-owned by Russian billionaire Alexander Nesis, agreed to buy the Kyzyl project in northeast Kazakhstan for $618.5 million to add 50 percent to its reserves.
Billionaire Alexander Nesis sold shares in OAO Uralkali, the world’s largest potash producer, two weeks after the company bought out fellow shareholder Zelimkhan Mutsoev for $1.3 billion, according to three people with knowledge of the matter.
Russian billionaire Alexander Nesis , an investor in OAO Polymetal and OAO Uralkali , plans to spend $1 billion on a railcar-factory project to meet domestic demand for transporting raw materials from mines and smelters.
Polymetal International Plc, the Russian gold and silver miner part-owned by billionaire Alexander Nesis, expects to write down the value of assets by as much as $340 million after a slump in the price of bullion.
Sergey Chemezov, the associate of President Vladimir Putin nominated to OAO Uralkali’s board, said his prime objective in joining the Russian potash producer isn’t to help it restore a marketing venture with Belarus.
Suleiman Kerimov amassed a net worth of $18 billion betting mainly on shares of companies controlled by Vladimir Putin only to gamble away the bulk of that on Morgan Stanley and other banks during the global financial crisis.