Alferon Management: Difference between revisions
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'''Alferon Management''' Limited of [[London]] is a management company responsible for running the [[International Mineral Resources]] (IMR) in [[Kazakhstan]]. International Mineral Resources (IMR) is |
'''Alferon Management''' Limited of [[London]] is a management company responsible for running the [[International Mineral Resources]] (IMR) in [[Kazakhstan]]. International Mineral Resources (IMR) is based in Zurich, and owned by Kazakh businessmen [[Alexander Mashkevich]], [[Patokh Chodiev]] (or Shodiev) and [[Alijan Ibragimov]] (or Alidzhon Ibragimov). |
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[[Alexander Mashkevich]], [[Patokh Chodiev]] and [[Alijan Ibragimov]], better known as the Troika or Trio<ref>[http://postmanpatel.blogspot.com/2007/01/alexsandr-mashkevic-is-kazakh.html "Tangled Webs"], [http://postmanpatel.blogspot.com/ ''UK TOP SECRET Postman Patel'' blog] (January 31, 2007)</ref>, are the owners of [[Eurasian Natural Resources Corporation|Eurasian Natural Resources Corporation (ENRC)]], International Mineral Resources (IMR) and Alferon Management. The Trio hired well known [[metallurgist|metallurgic]] [[expert]], [[Johannes Sittard|Dr. Johannes Sittard]] to head Alferon Management, International Mineral Resources, Eurasian Natural Resources Corporation (known as Eurasian Group), [[Arduina Holdings]] and preside over J&W Investments, a [[Switzerland|Swiss]] mining company owned by Alferon. Before joining Alferon, Sittard was world steel magnate Lakshmi Mittal’s right hand man.<ref>[http://www.forbes.com/billionaires/global/2006/0327/034.html "Emerging market gold"], Tatiana Serafin, ''Forbes.com'' (27 March 2006) | accessed on May 31, 2006</ref> |
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[[Alexander Mashkevich]], [[Patokh Chodiev]] and [[Alijan Ibragimov]], better known as the Troika or Trio<ref>[http://postmanpatel.blogspot.com/2007/01/alexsandr-mashkevic-is-kazakh.html "Tangled Webs"], [http://postmanpatel.blogspot.com/ ''UK TOP SECRET Postman Patel'' blog] (January 31, 2007)</ref>, are major shareholders in Eurasian National Resources Corporation (ENRC), one of the world's leading natural resources groups. ENRC, based in London, operates a number of metals assets in Kazakhstan and Africa, having acquired numerous mining operations in Eastern Europe and Africa. In 2009, ENRC generated a $1,462 million profit on sales of $3.8 billion. |
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After working for [[Mittal Steel Company|Mittal]] for several years, Sittard confessed that Mittal had paid the Trio US $100 million in order to facilitate business in Kazakhstan.<ref>[http://news.bbc.co.uk/2/hi/business/2146757.stm "The steel maharajah"], ''BBC News world edition'', (24 July 2002) | accessed on May 31, 2006</ref> |
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Alferon Management controversially acquired [[Ferronikeli Complex]], LLC, a [[nickel]] plant based in Kosovo in 2006.<ref>[http://www.eciks.org/english/lajme.php?action=total_news&main_id=383 "Kosovo: Sale and Handover of Ferronikeli Completed"], ''Economic Initiative for Kosovo (ECiKS)'' (3 May 2006) | accessed on May 31, 2006</ref> |
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The controversy behind the acquisition stemmed from Alferon receiving the approval on the acquisition from the [[Kosovo Trust Agency]] (KTA) despite the fact that they were not the highest bidder; [[United States|US]]- [[Albania]]n company, Adi Nickel was the highest bidder offering 49.5 million [[Euro]]s.<ref>[http://siteresources.worldbank.org/INTKOSOVO/Country%20Home/20524244/Kosovo%20Economic%20Briefing%2031May05.pdf "Ferronikeli deal struck"], The Word Bank Office in Kosovo, ''Kosovo Monthly Economic Briefing'' (31 May 2005) | accessed on May 31, 2006</ref> |
The controversy behind the acquisition stemmed from Alferon receiving the approval on the acquisition from the [[Kosovo Trust Agency]] (KTA) despite the fact that they were not the highest bidder; [[United States|US]]- [[Albania]]n company, Adi Nickel was the highest bidder offering 49.5 million [[Euro]]s.<ref>[http://siteresources.worldbank.org/INTKOSOVO/Country%20Home/20524244/Kosovo%20Economic%20Briefing%2031May05.pdf "Ferronikeli deal struck"], The Word Bank Office in Kosovo, ''Kosovo Monthly Economic Briefing'' (31 May 2005) | accessed on May 31, 2006</ref> |
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Ferki Karaxha, the head of Ferronikeli trade union, also stated that since Adi-Nickel won the first [[Call for bids|tender]], it was |
Ferki Karaxha, the head of Ferronikeli trade union, also stated that since Adi-Nickel won the first [[Call for bids|tender]], it was not fair to declare IMR a provisional winner.{{Citation needed|date=August 2009}}. He also stated that he "has always been against the sale of the company and is convinced that the sale is a great crime against the national economy".<ref>[http://www.eciks.org/english/lajme.php?action=total_news&main_id=627 "Kosovo: ex-employees of Ferronikeli end their protest"] ECiKS (18 April 2007)</ref> |
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The sale agreement |
The sale agreement included an investment commitment from IMR-Alferon of €20 million, plus a guarantee to employ at least 1,000 people at Ferronikeli.{{Citation needed|date=August 2009}} |
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Deputy Special Representative of the United Nations Secretary General (DSRSG), [[Joachim Ruecker]], said the sale sent “a very strong signal to international investors”. Mr Ruecker added: “Kosovo is a stable and mature society, which welcomes international investment.”<ref>[http://www.unmikonline.org/pub/focuskos/jan06/focuskeco1.htm "Progress on privatization: Ferronikeli success"], Ronan Anderson, Pillar IV, ''Focus Kosovo'', 21st Edition (November-December 2006), UNMIK</ref> |
Deputy Special Representative of the United Nations Secretary General (DSRSG), [[Joachim Ruecker]], said the sale sent “a very strong signal to international investors”. Mr Ruecker added: “Kosovo is a stable and mature society, which welcomes international investment.”<ref>[http://www.unmikonline.org/pub/focuskos/jan06/focuskeco1.htm "Progress on privatization: Ferronikeli success"], Ronan Anderson, Pillar IV, ''Focus Kosovo'', 21st Edition (November-December 2006), UNMIK</ref> |
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Revision as of 08:47, 15 September 2010
Alferon Management Limited of London is a management company responsible for running the International Mineral Resources (IMR) in Kazakhstan. International Mineral Resources (IMR) is based in Zurich, and owned by Kazakh businessmen Alexander Mashkevich, Patokh Chodiev (or Shodiev) and Alijan Ibragimov (or Alidzhon Ibragimov).
Alferon Management Limited of London is a mining acquisition company that has acquired many mining operations in different countries such as Zambia, the Democratic Republic of Congo, Indonesia, Russia, and Kosovo.
Alexander Mashkevich, Patokh Chodiev and Alijan Ibragimov, better known as the Troika or Trio[1], are major shareholders in Eurasian National Resources Corporation (ENRC), one of the world's leading natural resources groups. ENRC, based in London, operates a number of metals assets in Kazakhstan and Africa, having acquired numerous mining operations in Eastern Europe and Africa. In 2009, ENRC generated a $1,462 million profit on sales of $3.8 billion.
Alferon Management controversially acquired Ferronikeli Complex, LLC, a nickel plant based in Kosovo in 2006.[2] The controversy behind the acquisition stemmed from Alferon receiving the approval on the acquisition from the Kosovo Trust Agency (KTA) despite the fact that they were not the highest bidder; US- Albanian company, Adi Nickel was the highest bidder offering 49.5 million Euros.[3] Ferki Karaxha, the head of Ferronikeli trade union, also stated that since Adi-Nickel won the first tender, it was not fair to declare IMR a provisional winner.[citation needed]. He also stated that he "has always been against the sale of the company and is convinced that the sale is a great crime against the national economy".[4]
The sale agreement included an investment commitment from IMR-Alferon of €20 million, plus a guarantee to employ at least 1,000 people at Ferronikeli.[citation needed]
Deputy Special Representative of the United Nations Secretary General (DSRSG), Joachim Ruecker, said the sale sent “a very strong signal to international investors”. Mr Ruecker added: “Kosovo is a stable and mature society, which welcomes international investment.”[5]
Notes
- ^ "Tangled Webs", UK TOP SECRET Postman Patel blog (January 31, 2007)
- ^ "Kosovo: Sale and Handover of Ferronikeli Completed", Economic Initiative for Kosovo (ECiKS) (3 May 2006) | accessed on May 31, 2006
- ^ "Ferronikeli deal struck", The Word Bank Office in Kosovo, Kosovo Monthly Economic Briefing (31 May 2005) | accessed on May 31, 2006
- ^ "Kosovo: ex-employees of Ferronikeli end their protest" ECiKS (18 April 2007)
- ^ "Progress on privatization: Ferronikeli success", Ronan Anderson, Pillar IV, Focus Kosovo, 21st Edition (November-December 2006), UNMIK