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George Jay Hambro served as the Chief Executive Officer of IRC Limited. His father is Peter Hambro (founder of Peter Hambro Mining, one of the United Kingdom's largest mining businesses) Sorry for my poor english translation. ---- Aricom merge with Peter Hambro Mining Negotiations on the merger with the British Peter Hambro Mining (PHM) is the Russian-British mining Aricom Plc. It is from PHM in his last time to recover from a separate company. Now the talks are at a preliminary stage and no one knows yet whether the operation. --- POG - Peter Hambro Mining - 5 Hours --- Rusal refinance a portion of its debt before entering the stock market Heavily indebted, Rusal, Russia's largest producer of aluminum, obtained a crucial refinancing is timely as it prepares to take his first steps on the stock exchanges in Paris and Hong Kong. German Gref, CEO of Sberbank, told reporters he had agreed to refinance a debt of $ 4.5 billion jointly with VEB. This debt matured October 29 and it aroused the suspicions of authorities Hong Kong stock market, which consequently had prevented last year's small shareholders to participate in this IPO. Controlled by industrialist Oleg Deripaska, Rusal is indebted to the tune of nearly $ 15 billion to be repaid in about 70 Russian and foreign banks. The records of the IPO will close at 1500 GMT and the banks that hold them should meet in the aftermath in New York to determine an introductory course for the 1.6 billion shares to be issued, slightly less than 11% of the group. Several sources told Reuters on Wednesday that the introduction would be made in the upper half of the original range, which ranged from 10.8 to 12 HK dollars. This would allow RUSAL to raise just under $ 2.5 billion in the first trading day, scheduled Jan. 27. The operation will be under the joint sponsorship of BNP Paribas and Credit Suisse. At first glance, the IPO of Rusal presented significant risks for investors, mainly due to the heavy indebtedness of the aluminum producer, its dependence on metal prices and a legal dispute between Oleg Deripaska and a former partner who must be decided by a court in London. Moreover, Rusal is very exposed to Guinea, a country particularly volatile recently. VEB has agreed to nearly a third of new shares, but VTB, partially controlled by the Kremlin, said it would not take public opinion before he could ensure the quality of this investment . "There is no question of political interference (in the case of a possible purchase by VTB shares Rusal). VTB Capital will decide whether to buy based on the quality of investment, "said the CEO of the bank Andrey Kostin. He said the entry of Rusal to the Stock Exchange of Hong Kong foreshadows many more IPOs of Russian companies in the financial center of Asia. "If this IPO is a success, it will open the door (to other groups), particularly in the metals sector (...)," Judge said. Peter Hambro, chairman of mining group Gold Petropavlovsk, moreover, told Reuters on Thursday that a listing in Hong Kong was one of the assumptions on which he worked, and Russian Railways could also do the same.
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