The majority of Prokhorov's fortune was built through his close ties to the late Russian President Boris Yeltsin and the privatization of Russia's precious metals industry in the early 1990s. He sold his original metals investment, Norilsk Nickel, to Oleg Deripaska's Rusal in 2007. Now owns stakes in Polyus Gold and basketball's New Jersey Nets.
OAO Uralkali, the world’s largest potash producer, lowered its forecast for global deliveries of the crop nutrient because of bad weather in Canada and delivery issues in Europe this year, saying prices may gain.
Within 18 months of leaving his trading job to open a lunchtime eatery at the Dubai financial center in 2011, Nabil Al Rantisi was back: selling stocks and rebuilding one of the city’s largest brokerages.
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.