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By John Helmer in Moscow Russia’s Evraz steel group makes bid for Cape Lambert iron-ore. Speculation that the Evraz group (EVR:RU), Russia’s largest steelmaker, is preparing a takeover bid for Cape Lambert Iron Ore Ltd (CFE:AU), the West Australian junior miner, drove the latter’s share price up by 9% in the first day of trading, […]

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By John Helmer in Moscow Russian steel and mining group faces government investigation after announcement of spinoff and IPO plan for coal-mining and ferroalloy units The Mechel group (MTL:US, NYSE; MTLR:RU, RTS) — Russia’s leading specialty steelmaker and one of the leading producers of coking coal in the world — has lost 5% off its […]