Russia: Fosun Group to buy 25% in Polyus

Polyus Gold International Ltd (PGIL) of tycoon Said Kerimov is in talks to sell 25% plus one share in the Russian largest gold producer to China’s Fosun Group for $2 billion. A source reported that the negotiations were at an advanced stage, and the deal might take place in late 2016 or in early 2017.…

Ukraine: SAR coal arrives

The Yuzny trade seaport has received the vessel with 79 thousand tons of anthracite from the South African Republic. The delivery was timely. All the coal is intended for Pridneprovskaya thermal power plant. Unloading will take 3 days. (Ukrainian metal)

Ukraine: Lviv Coal Company to strike

On November 9, the employees of the Lviv Coal Company intend to stop supplying coal because of the salary debts. According to the Independent Miners Union chairman Mikhail Volynets, the employees of the coal processing company haven’t been paid salary for 3.5 months. The factory processes coal mined by Lvivugol and Volynugol. On November 10,…