News Trading Centre Members Organizations

 Main page
 About us
 Site map
 




NEWS GROUPS  

 Current news
 Informational bulletin
 Prices on precious metals
 Russian shows
 International shows
 Jewellery auctions
 Àrchive



 

  N e w s

JULY 2, 2001  


Stockholm Declines Almazny Bereg Company Suit

Price on platinum and palladium fell after the announcement of possible obtaining of qoutas by Norilsky Nickel for a term of 5 years. On June 28 prices on these metals were stable within the whole day. Traders say this is an absolutely normal reaction of the market to such news. According to Yuri Kotlyar, Chairman of the Director's Board the decree signed by the President on June 21 changes dramatically current situation.
Blischenko and Partners Consulting Company told Kommersant that Stockholm Arbitrary Court declined lawsuit of ADC on the ground that the case is beyond its competence. ADG lawers were sure of this decision.
Diamond reserves of Verkhotina are estimated at $5.5 bn. Owners of Almazny Bereg company are AGD (ArkhangelskGeolDobycha) - 50%, FAD Company - 10% and ADC (Archangel Diamond Corporation, of Canada) owned by Oppenheimer family - 40%. Biggest shareholders of AGD are LUKoil (74,09%) and Rosneft (25,5).

Source: Finmarket
Back


  Up
©1998-2001 Russian Jewellery Network
info@jewellernet.ru