Against the backdrop of a summit held to promote Asia-Pacific-region economic cooperation, a new joint venture Russian-Chinese fund has been started to fund over USD 200 mln towards a Russian forestry company. The investment fund will subsequently be among the stakeholders in Russia Forest Products, the country’s second largest company in this segment. Russia Forest [...]

Metinvest, one of Ukraine’s largest steel producers, has announced the acquisition of American coal producer United Coal Company. The purchase of the West Virginia based coking coal producer should help reduce Metinvest’s use of natural gas in steel production. Financial details have not been made public, but estimates, including one made by Dragon Capital put [...]

RP Capital acquired 66% of CE Wood, one of the largest Czech wood logging firms. RP Capital plans to invest more than Kč 1 billion in business activities in forestry as well as wood extraction and processing. Petr Kellner participated in RP Capital’s establishment. CE Wood a.s. (www.cewood.cz) CE WOOD is the largest Czech holding [...]

RPG Industries SE (“RPG Industries”) acquired a 20.79% stake in Ferrexpo, one of the leading producers of iron ore in Europe, for £101 million, or 83 pence per share. After completing the acquisition, RPG transferred the shares to New World Resources (www.newworldresources.eu), a Czech coal producer, of which it is a majority shareholder. RPG itself [...]

PPF Investments sold its stake of 19.5% in Oriel Resource, the UK AIM listed company which owns Russian smelter and Kazakh chrome and nickel mines, to Meche OAO at the end of April 2008. The integrated mining and metal group Mechel OAO publicly announced the intention to acquire the entire issued share capital of Oriel [...]