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Polymetal's Nesis Says Ukraine Next Target for Expansion: Video
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=adXn5C8Kycnw
Oct. 27 (Bloomberg) -- Vitaly Nesis, chief executive officer of OAO Polymetal, talks with Bloomberg's Ilya Khrennikov about the outlook for production at Russia's third-largest miner of gold and silver.
Nesis also discusses the company's expansion in the former Soviet Union countries. They spoke on Sept. 30 in Moscow, Russia. (Source: Bloomberg)
Running time 02:29
-0- Oct/27/2010 00:57 GMT
Last Updated: October 26, 2010 20:57 EDT
HAL, UAC & Rosoboronexport in JV to co-produce Multirole Transport Aircraft
http://machinist.in/index.php?option=com_content&task=view&id=2789&Itemid=2
Written by James Wednesday, 27 October 2010 Bangalore: Hindustan Aeronautics Limited has formed a Joint Venture with it's Russian Partners namely United Aircraft Corporation & Rosoboronexport to Co-develop and Co-produce Multirole Transport Aircraft (MTA).
The total development cost is around MUSD 600.70 (approx Rs.2900 crores) to be equally shared by both the sides. It is planned to manufacture 205 aircraft with 50:50 work share between HAL and the Russian partners.
A Joint Venture Company (JVC) is being established with its headquarters at Bangalore, India for executing the MTA project in which HAL and Russian Participants will have equal shareholding.
The agreement for JV Company were exchanged by Mr NC Agarwal, Director (Design & Development) of HAL , Mr S.K Kornev, Head of the Dept. (Air) of Rosoboronexport , and Mr S.V Velmozhkin, General Director of UAC-Transport Aircraft at New Delhi on Sep 09, 2010, in presence of HAL, UAC & Rosoboronexport dignitaries.
MTA is a 15-20 tonnes payload capacity Aircraft which would meet the requirement of the Indian Air Force and the Russian Air Force. The project has been approved by both the Government of India and the Government of Russian Federation.
The main features of MTA are: Maximum takeoff weight 65 tonnes, Payload Capacity 15-20 tonnes, Cruise Speed 800 kmph, Range 2500-2700 km, Service ceiling 12 km. The Aircraft will have two engines, state of the art features such as fly-by-wire, full authority digital engine control, modern avionics and glass cockpit.
Polyus Gold suspends reverse takeover by KazakhGold
http://www.businessneweurope.eu/dispatch_text13311
Troika Dialog
October 27, 2010
Polyus Gold yesterday announced that its agreement with KazakhGold to conduct a reverse takeover (RTO) will be terminated, as the company does not expect to reach an agreement with the Kazakh government until October 29, its most recent deadline. The deadline has been already pushed back twice, having been set initially at August 10.
Polyus Gold remains committed to the idea of an RTO and expects to complete it once an appropriate solution has been worked out. The announcement is in line with our expectations that there is no simple fix to the full•blown acrimonious conflict with the Kazakh regulator and the painful talks will take some time.
Importantly, the idea of an RTO has not been abandoned by Polyus Gold, which is somewhat disappointing - we still believe that an RTO would at best carry little benefit for minority shareholders, as the company risks losing its core captive EMEA shareholder base. The preferred resolution, in our view, would be the reversal of the acquisition of 50% of KazakhGold by Polyus Gold from mid•2009, but this would be a legally challenging task.
Mikhail Stiskin
TransContainer to begin road show
http://www.rbcnews.com/free/20101027113418.shtml
RBC, 27.10.2010, Moscow 11:34:18.TransContainer (Russian Railways' subsidiary) is planning to launch a road show for the upcoming IPO today.
The company officially announced its IPO plans on October 12, noting that it hoped to raise about $500m. TransContainer is expected to place no more than 35 percent minus two existing shares during the IPO to Russian and foreign investors. As things currently stand, the offering will consist of only existing shares, but if TransContainer manages to secure all the necessary approvals from the authorities, GDRs will be offered as well. The shares are expected to be listed on the London Stock Exchange.
CHERKIZOVO GROUP BEGINS CONSTRUCTION OF A GREENFIELD PORK FARM IN THE LIPETSK REGION
http://www.meattradenewsdaily.co.uk/news/271010/russia___cherkizovo_group_begins_construction_of_greenfield_porl_farm.aspx
Moscow, Russia – October 27 , 2010 - OJSC Cherkizovo Group (LSE: CHE), one of Russia's leading integrated and diversified meat producers, commences construction of a new greenfield pork farm in the Lipetsk region.
As part of Cherkizovo Group’s dynamic development strategy of its Pork segment, the Company has now started the construction of a new greenfield pork farm in the Lipetsk region of Central Russia.
The new best-in-class integrated multi-site complex will house 4,800 sows and will have an estimated full capacity of 12,500 tonnes of live-weight pork per year. The complex will include separate breeding, rearing and fattening facilities, equipped with state-of-the art technology. The farms will be populated with our own parent stock, using sows from the high yielding and efficient pork breed, DanBred.
The launch of breeding facilities at the new Lipetsk site is scheduled for August 2011, with the rearing and fattening facilities expected to be operational from October 2011. It is expected that the new complex will operate at full capacity in 2013.
The total consideration for the planned investments is expected to be approximately US$50 million, of which approximately 20% will be funded by Cherkizovo and the remaining approximately 80% by bank loans.
Taking into account the recently announced greenfield construction of pork complexes in the Tambov and Voronezh regions, the Group's overall pork production capacity will total an estimated 153,000 tonnes per year by 2013. Additionally, the new site will be closely located to Cherkizovo Group's existing pork production operations, and the Company’s high quality fodder production plant in the Lipetsk region. This proximity is expected to contribute to substantial cost and scale synergies within the high-margin Pork division.
Cherkizovo would like to thank the Lipetsk regional administration for their co-operation in undertaking infrastructure projects to support the facility, and their subsidy support on interest rates and tax benefits, which have facilitated the initiation of work on this site.
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