Hints and tips:
...Berkshire as Buffett leans on a new generation Charlie Munger’s fingerprints are all over Berkshire Hathaway, from some of its most consequential deals — including the purchases of See’s Candies and Israeli metals...
...Freepoint, based in Connecticut, is involved in energy, metals and agricultural markets....
...The enterprise chief chuckles as he notes that decoy radar reflectors are made from cut-up barrels from Russia’s second-biggest company, Lukoil....
...The recent oil price increase is as much about geopolitics as firm global demand, gold’s rally is baffling analysts and industrial metals are being supported by recovering Chinese demand....
...Apollo’s private equity business said it found bargains, taking private chemicals company, Univar for $8bn and Arconic, the metal products company for $5bn....
...Trafigura, one of the world’s largest energy and metals traders, also said that while nervousness could seep across markets in the short term, the company did not see a significant risk of further contagion...
...In September, AQR and four other companies filed a court application in London against the LME that was intended to get the 145-year-old exchange to hand over notes and transcripts from telephone calls and...
...Sanjeev Gupta, the metals magnate whose GFG Alliance borrowed from Greensill, said in a letter to the FT published last month that it did so under “prospective receivables” programmes....
...Despite a hilariously furious online rampage against the London Metal Exchange earlier this year, Cliff seems to be having a pretty great 2022, that encapsulates a regime shift in markets that will be welcome...
...Despite the crisis, Ryzhenkov said he was confident the company would be able to recover....
...The proposal is due to be discussed at a board meeting of Oyu Tolgoi LLC....
...The $200mn debt is owed to a subsidiary of Ural Mining Metallurgical Company, a Russian producer of gold and industrial metals....
...The billionaire deputy prime minister of the UAE controls the club via Newton Investment Development LLC, a company registered in Abu Dhabi....
...News round-up Telecom Italia: company break-up brings KKR back in play (Lex) Chinese metals group wins respite from banks on nickel bet (FT) Law firm DLA Piper to exit Russia as industry split deepens...
...USM said it would now focus on other companies in its group, including in the metals and mining and telecoms sectors....
...Rio has funded Oyu Tolgoi LLC, the joint venture company developing the project, through shareholder loans....
...Hambro, the chief investment officer of Sanjeev Gupta’s GFG Alliance and one of the industrialist’s most loyal lieutenants, is set to leave the group, dealing a blow to Gupta as he battles to save his metals...
...BMW, Volvo and Google will not buy any metals produced from deep sea mining before the environmental risks are “comprehensively understood”, in a setback to companies that plan to mine the deep ocean this...
...Once the underground expansion is complete it will be among the biggest copper mines in the world, capable of producing almost 500,000 tonnes of the metal per year....
...Gupta is the highly acquisitive industrialist who has been dubbed Britain’s “saviour of steel” for his acquisitions of unloved metals plants....
...They added that Greensill had about $5bn of exposure to metals magnate Sanjeev Gupta’s GFG Alliance group of companies, which is “currently experiencing financial difficulties” and has “started to default...
...Gupta’s sprawling metals conglomerate, which includes Britain’s third-largest steel producer and numerous plants in Europe and Australia, has been rocked by the collapse of Greensill....
..., given their need for the metal?...
...Some government officials want Rio to pay more than $300m of withholding taxes on income it has received from Oyu Tolgoi LLC, the Mongolian holding company that owns the mine....
...And it appears to have missed or dismissed the importance of potential red flags, such as the fact that $70m of Greensill's $102m net revenue in 2017 was derived from companies linked to the metals magnate...
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