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By John Helmer in Moscow Poor performance and uncertain prospects dog Russian steel and mining magnate Mordashov and management reshuffle not seen as improving the situation. Severstal, Russia’s third ranked steelmaker, is far from the Titanic, but seat-changing at the steel and mining group has failed to convince steel industry observers and the Moscow stock […]

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By John Helmer in Moscow LUKoil ends raid against Archangel Diamond’s Russian project, opening up new mine possibility. Grib is Russian for mushroom, and this isn’t the season for harvesting them. Grib is also the name of a diamond pipe, first discovered in northwestern Russia in 1996 — and the target of a Russian raid […]