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By John Helmer in Moscow The Sakha government has agreed to a reorganization of the Alrosa shareholding, legalizing open-market trading of Alrosa shares for the first time, and promising a privatization of state-owned shares soon. The Yakuts will not agree, however, to privatizing more than 20% to 25% of Alrosa shares; the federal government and […]

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By John Helmer in Moscow Sovcomflot, the Russian state-owned tanker group, reports that, despite rising revenues of $678.6 million in the first six months of this year — up 11% over the same period of 2009 — earnings have fallen 4% to $292.6 million; and net income has dropped 5% to $111.2 million. Revenues rose […]

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By John Helmer in Moscow Sacre-Coeur Minerals (SCM) is a small Toronto-listed goldminer prospecting the malarial swamps of Guyana (South America), so far without striking El Dorado. The company is so small, its website doesn’t publish financial reports. But the required filings with the stock exchange indicate that it is producing no gold; its operating […]