Belarusian Potash Co., the trading arm of Belaruskali and Russia’s OAO Uralkali, will cut prices for Sinofert Holding Ltd. by $70 a metric ton after agreeing on contracts with the Chinese importer, an industry group said.
OAO GMK Norilsk Nickel, whose rally this month has sent shares to the most expensive level since 2010, is poised to rise further as a new dividend plan lures investors, OAO Sberbank and UFS-Finance Investment Co. say.
Russian billionaire Roman Abramovich agreed to buy 7.3 percent of OAO GMK Norilsk Nickel as the two biggest owners of the world’s top supplier of the metal seek to end a four-year feud over control of the company.
OAO GMK Norilsk Nickel was the biggest gainer on the Micex Index after Russian billionaire Roman Abramovich agreed to buy a 7.3 percent stake in the miner as its two biggest owners seek an end to a four-year feud over control of the company.
United Co. Rusal’s Oleg Deripaska is wedded to an investment that barely covers borrowing costs, has brought management into conflict and added to losses for stockholders such as billionaire Li Ka-shing and Paulson & Co.
Polyus Gold International Ltd., Russia’s largest producer of the metal, jumped to the highest in five weeks in U.S. trading after it said shareholders approved a plan for a primary listing of shares on the London Stock Exchange.
OAO Polyus Gold fell to a two-month low after Russia’s biggest gold-mine operator released lower- than-expected production figures and an erroneous report suggested the stock was removed from a key index.