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By John Helmer in Moscow Ukrainian steel company rejects Usmanov merger proposal on respective value grounds. Alisher Usmanov’s Russian iron-ore group Gazmetall has failed to strike a deal to take over the Industrial Union of Donbass (IUD), a Ukrainian steelmaker, after the Ukrainians agreed to take Usmanov’s iron-ore for their furnaces, but refused to accept […]

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By John Helmer in Moscow The latest in Russian checks on penny gold stocks ABV Gold and Aurus fail to support gold resource and other claims made by the companies concerned. Following Mineweb’s previous reports on the companies, fresh announcements from ABV Gold and Aurus have had mixed impact on the US over-the-counter pinksheets market. […]