News
Read news stories and features about the activities of the ONEXIM Group and the interests of our partners.
Rusal Says Aluminum Smelters Can Run Profitably at $1,900 a Ton
16 January 2012
Bloomberg
United Co. Rusal, the world’s largest aluminum producer, said its smelters can turn a profit should prices fall to $1,900 a metric ton
Polyus ready to list in the UK
6 December 2011
City A.M.
RUSSIAN firm Polyus Gold is ready for a premium listing on the London Stock Exchange if market conditions remain as they are, according to the boss of a company with a blocking stake in the miner.
Optogan opens Europe’s second-largest LED chip-production site
3 November 2011
LEDs Magazine
Optogan has opened an LED chip-production facility in Landshut, Germany to complement its manufacturing plant in St. Petersburg, Russia.
Polyus Gold H1 2011 net profit nearly doubles
20 September 2011
Reuters
Polyus Gold, Russia's top gold producer, reported a first half net profit of $206.8 million in the first half of 2011
Polyus Gold International Increases Stake in Russian Unit
23 August 2011
Bloomberg
Polyus Gold International Ltd. said it gained an additional 2.35 percent stake in its Russian unit after completing the second stage of a share-exchange offer.
Polyus Gold Plans to Almost Triple Output to 115 Tons by 2016
19 Jule 2011
Bloomberg
OAO Polyus Gold, Russia’s largest gold producer, said it plans to increase output to 115 metric tons by 2016.
UC RUSAL makes debt repayments totaling USD119 million
1 Jule 2011
SteelGuru
RUSAL makes debt repayments ahead of schedule and actively uses new tools to raise capital which helps the Company to reduce debt service costs and to improve the debt structure.
Polyus Gold 2010 net profit up 90% to $356.5 mln
4 May 2011
RIA Novosti
Net profits for Russia's largest gold miner Polyus Gold skyrocketed 90% in 2010 to $356.5 million to IFRS
The release of Yo-auto is near at hand
15 April 2011
Russia-IC
The Yo-auto company and the authorities of St. Petersburg signed an agreement to construct a car factory. The release of the new Russian cars will is awaited at the end of the summer, 2012.
Putin test drives Yo-mobile hybrid car
1 April 2011
UPI
Russian Prime Minister Vladimir Putin took a new Yo-mobile hybrid car for a test drive from his residence to President Dmitry Medvedev's home outside of Moscow.
Russia's UC RUSAL repays $835 million debt
11 March 2011
Reuters
The world's top aluminium producer UC RUSAL said on Friday it had repaid $835 million of debt to its international and Russian lenders, including shareholder Onexim.
New Chairman Appointed at Prokhorov’s MFK Bank
20 February 2011
Bloomberg
Board of directors of billionaire Mikhail Prokhorov’s MFK Bank appointed its top manager, Oxana Lifar, to head the bank’s management board.
Polyus to Build $1Bln Plant
22 December 2010
The Moscow Times
Polyus Gold said Tuesday that its board decided to begin building a $1 billion processing plant at its far-eastern Natalka deposit to be completed by the end of 2013.
Yo! Russian Magnate Starts Hybrid Car Company
14 December 2010
NPR
The yo-mobile brand will apply to a microvan, cross coupe and minitruck touted as "socially important products" created in Russia "from scratch."
Prokhorov Seeks to Create `Top 3' Gold Producer in 2011 Merger
8 December 2010
Bloomberg
OAO Polyus Gold, Russia’s largest producer of the metal, plans to merge with a global rival as early as 2011 to become one of the world’s three-biggest miners of the commodity, billionaire owner Mikhail Prokhorov said.
Optogan opens largest LED Production in Eastern Europe
30 November 2010
Nanotechnology Now
The factory, which will employ up to 800 people, covers 15,000 m2 of floor space 5,000 m2 of which is taken up by a clean room environment. The first production line has an annual production capacity of 360 million LEDs and further capacity extensions are scheduled.
Russia Proudly Presents “¸”— the First Russian Hybrid Car Brand
10 November 2010
Popsop
ONEXIM group owned by Russia’s wealthiest man Mikhail Prokhorov, unveiled a new Russian car brand “¸”. The producer pledges to present the world’s cheapest hybrids that will be priced at $10,000, not to mention they will become the first hybrid cars to be manufactured in Russia.
RUSNANO and ONEXIM Group to Finance Nanofiber-Based High-Voltage Fiber Optic Metering Systems
2 November 2010
Nano Werk
RUSNANO and ONEXIM will invest in a project to produce fiber optic systems to measure electric current and voltage. The budget for the project is 1.1 billion rubles. During the initial stage, RUSNANO will invest 392 million rubles; it will reserve 212 million rubles for possible future investment. ONEXIM will be primary investor.
RBC Eyes Phone Service
28 October 2010
The Moscow Times
Mikhail Prokhorov’s RBC Information Systems said Thursday that it is seeking to create an inexpensive phone service based on Quiet Internet Pager technology that could take incoming calls.
Business Watch - Autos
13 October 2010
The Wall Street Journal
Onexim, the investment group of Russian billionaire Mikhail Prokhorov, wants to build a home-grown hybrid car starting in 2012.
Polyus Gold To Boost Output To 1.5 Mln Ounces In 2010
7 October 2010
Trading Markets.com
Polyus Gold (PLZL.RS) aims to boost gold production by 500,000 troy ounces to some 1.5 million ounces in 2010, Chief Executive Evgeny Ivanov said Wednesday.
Russian Snob Lands in New York
13 September 2010
The Wall Street Journal
Mr. Prokhorov this week is bringing Snob, a Russian-language, general-interest magazine that caters to that country's global elite, to the U.S. Currently distributed in Russia and Britain, it will hit New York Wednesday with an initial run of about 20,000 copies of its September issue.
Polyus To Pay 1H Dividend Of RUB8.52/Share
24 August 2010
Trading Markets
Russia's OAO Polyus Gold (PLZL.RS) said Tuesday its shareholders have approved a dividend payment of 8.52 rubles ($0.27) an ordinary share for the first half of 2010.
Onexim City Car : la future voiture du peuple russe
6 August 2010
Caradisiac.com
La société de Prokhorov, Onexim Group, spécialisée dans l'extraction de métaux précieux a investi 150 millions de $ dans la conception d'une citadine de segment B d'environ 3,89m de long, 1,61m de haut et dotée d'un empattement de 2,55m, soit à peu de choses près une Mercedes Classe A.
Kazakhgold agrees $9bn Polyus deal
2 Jule 2010
The Financial Times
Kazakhgold has agreed a $9bn reverse takeover with its parent company Polyus Gold in a deal that will create the largest gold producer in eastern Europe.
Ownership change for Russia’s RBC
8 June 2010
Broadband TV News
The Onexim Group, which is headed by Mikhail Prokhorov, has acquired a 51.1% stake in the Russian media company RBC.
Rusal's plan for an aluminium exchange traded fund is really good – for Rusal
19 April 2010
The Telegraph
Last week, Rusal, the aluminium giant run by Russian oligarch Oleg Deripaska, said it may launch an aluminium exchange-traded fund (ETF) later this year.
Prokhorov Venture Plans Russia’s First Hybrid Car
13 April 2010
Bloomberg
Billionaire Mikhail Prokhorov plans to unveil prototypes of Russia’s first hybrid electric car this year as the government tries to reduce the country’s reliance on natural resources.
Polyus’ Capital Spending
18 February 2010
The Moscow Times
Polyus Gold plans to almost double capital spending to a record $600 million this year
Rusal Raises $2.2 Billion
25 January 2010
Forbes
United Company Rusal raised $2.2 billion by pricing its public listing at the midpoint of its indicated range and then promptly made some corrections to its prospectus.
Coentreprise russo-francaise pour distribuer l'energie thermique en Russie
28 November 2009
RIA Novosti
La société énergétique russe TGK-4, contrôlé par le groupe Onexim, et la compagnie française Dalkia ont signé vendredi un accord de création d'une coentreprise destinée à produire, transporter et distribuer de l'énergie thermique en Russie.
Rusal Nears Debt Deal Key to IPO
14 November 2009
Wall Street Journal
UC Rusal is close to a deal to restructure $7.4 billion in debt to foreign banks, a key condition for an initial public offering of the Russian metal giant planned for December
Prokhorov Puts His Bets on Debt
12 October 2009
The Moscow Times
Billionaire Mikhail Prokhorov said the best place to invest during the crisis is in debt restructuring, a niche that has so far gone largely unfilled.
Russian billionaire says he's made offer to buy Nets
22 September 2009
Associated Press
Russian tycoon Mikhail Prokhorov says in his personal blog that he has made an offer to buy the New Jersey Nets.
Russia's Polyus CEO becomes KazakhGold chairman
17 August 2009
Reuters
The chief executive of Russia's top gold miner, Polyus Gold, has become the chairman and chief executive of KazakhGold Group.
Onexim says to buy control in RBC for $80 mln
22 Jule 2009
Forbes
Russian magnate Mikhail Prokhorov's Onexim Group said on Tuesday it had agreed to buy 51 percent of business news provider RBC , Russia's most public victim of the financial squeeze on media, for $80 million.
Russia's Prokhorov favours RUSAL, Norilsk merger
13 Jule 2009
Reuters
Russian billionaire Mikhail Prokhorov told a German magazine at the weekend that he was in favour of merging metals giants United Company RUSAL and Norilsk Nickel.
Prokhorov Betting On Power Industry
18 May 2009
The Moscow Times
Mikhail Prokhorov, Russia's richest man according to Forbes, said he would expand his presence in the country's privatized power sector as he opened a 52-megawatt power unit built by TGK-4.
Rusal appoints state representative to board
10 April 2009
Bloomberg
UC Rusal said on Friday it had appointed Anatoly Tikhonov, the first deputy head of VEB, the state-controlled bank that disbursed the bail-out loan, to the company’s board at the end of March.
Prokhorov Ups RUSAL Stake to 18.5%
24 March 2009
Moscow Times, Maria Antonova
Onexim, Morgan Stanley Settle TGK-4 Share Dispute
26 January 2009
Bloomberg
Onexim Group, Russian billionaire Mikhail Prokhorov's holding company, settled a dispute with Morgan Stanley over a mandatory offer for shares of power generator OAO TGK-4.
UC RUSAL completes sale of Kazakh coalfield stake
24 December 2008
Reuters
Russia's UC RUSAL, the world's largest aluminium producer had completed the sale of 50 percent of a coalfield to its Kazakh partner, state firm Samruk-Kazyna.
Chubais Offers Cheap Nanotech Loans
4 December 2008
The Moscow Times
In times of crisis, nanotechnology is a safe place to invest, State Nanotechnology Corporation chief Anatoly Chubais said Wednesday as he courted investors with offers of cheap state loans and other perks.
RUSAL to mine bauxite, produce aluminum in Venezuela - Sechin
6 November 2008
Interfax
United Company RUSAL (UC RUSAL) will mine bauxite and produce aluminum in Venezuela, Deputy Prime Minister Igor Sechin said at Thursday at a meeting of the inter-governmental commission in Caracas.
Russia's Onexim plans to close purchase of APR-Bank in early November
23 October 2008
Interfax
Mikhail Prokhorov's Onexim Group is planning in the next few weeks to close the purchase of APR-Bank, which
will become the core bank of the MFK group that is being set up.
Prokhorov to Build New MFK Bank
25 September 2008
The Moscow Times
Mikhail Prokhorov, who spent $500 million for 50 percent of Renaissance Capital this week, said that he would spend another $500 million to piece together a financial giant named after a bank he helped build in the 1990s.
Prokhorov buys half of RenCap
22 September 2008
The Financial Times
Renaissance Capital, one of Russia’s biggest investment banks, on Monday said it was selling a 50 per cent stake to a billionaire oligarch for $500m in a deal accelerated by the steepest declines on the Russian market in a decade last week.
Polyus Gold's exploration assets sale on hold
10 September 2008
Reuters
Polyus Gold has put on hold its plan to spin-off its geological exploration assets because of a disagreement between its main shareholders, the chief executive of Russia's biggest gold producer said Wednesday.
Norilsk takes power spin-off from board agenda
10 September 2008
Reuters
Russian miner Norilsk Nickel removed a proposed spin-off of electricity assets from the agenda for Wednesday's board meeting at the request of shareholder United Company RUSAL, a Norilsk spokeswoman said.
Norilsk Nickel, BasEl won't bid for Udokan copper field
9 September 2008
PRIME-TASS
Russian billionaire Mikhail Prokhorov's Onexim Group, which has also dropped plans to participate in the tender, said Tuesday that it was ready cooperate as an operator with the tender winner.
ONEXIM to Invest $10Bln in Intergeo
25 Jule 2008
rusmet.com
Billionaire Mikhail Prokhorov's Onexim Group said Thursday that it would invest $10 billion over the next five years in a new company, Intergeo, to develop the mining assets he received from former partner Vladimir Potanin.
Prokhorov raises stake in Open Investments to 30%
22 Jule 2008
Interfax
Russian billionaire Mikhail Prokhorov has raised his stake in OJSC Open Investments (RTS: OIVS) to 30% from 24.45%
Five companies submit bids in first stage of Udokan copper field tender- Rosnedra
18 Jule 2008
Interfax
Russia's subsurface management agency Rosnedra has announcedtheresults of the bid campaign for the giant Udokan copper field in the Chita region.
Prokhorov Proposed as Norilsk Chief
11 Jule 2008
The Moscow Times
The main labor union at Norilsk Nickel has asked the company's board to reappoint billionaire Mikhail Prokhorov as its chief executive.
Potanin to Lead Norilsk Board
8 Jule 2008
The Moscow Times
Norilsk Nickel's recently elected nine-member board of directors chose Vladimir Potanin as chairman Monday at its first meeting and named the deputy general director of Potanin's Interros Holding, Sergei Batekhin, as CEO.
Oligarch's vision of a Russian giant: Prokhorov backs merger of nickel and aluminium miners to form a $100bn rival to a united BHP Billiton and Rio Tinto
6 Jule 2008
The Independent on Sunday
Russian billionaire Mikhail Prokhorov has called for the creation of a $100bn Russian mining champion, ahead of an intense boardroom battle with former friend and business partner Vladimir Potanin tomorrow.
RUSAL endorses de Selliers for chairmanship of Norilsk Nickel board
4 Jule 2008
Interfax
United Company RUSAL is supporting Guy de Selliers candidacy for chairman of the board of directors of MMC Norilsk Nickel.
RusAl Wants 2 Independent Directors Elected at Norilsk
23 June 2008
The Moscow Times
United Company RusAl urged Norilsk Nickel shareholders on Friday to elect two independent directors in a high-stakes June 30 vote for control of the board at the world's largest nickel miner.
Unexim Group to join effort to reconfigure Russian energy system
18 June 2008
Interfax
Mikhail Prokhorov's Onexim Group plans to join the efforts to reconfigure the Russian energy system, created through reorganizing Unified Energy Systems of Russia, RAO UES. The Russian energy system has been broken up into 14 regional (TGK) and 6 wholesale (OGK) generating companies in different regions. Both have acquired private strategic investors.
Russian tycoon Prokhorov joins copper field race
16 June 2008
Reuters
Russian billionaire Mikhail Prokhorov has launched a bid for the right to develop the huge Udokan copper field in Siberia, his Onexim Group investment vehicle said on Monday.
Prokhorov's Onexim eyes uranium deposits in Russia, including Elkon (Part 2)
9 June 2008
Interfax
Onexim Group is interested in uranium deposits in Russia, group head Mikhail Prokhorov said at the St. Petersburg International Economic Forum.
Russian billionaire Prokhorov say eyes uranium
8 June 2008
Reuters
Russian billionaire Mikhail Prokhorov said on Sunday his investment company Onexim would consider investing in uranium deposits in the country's far east, including the giant Elkon deposit.
Investors Buying Up Polyus Zoloto Stock
3 June 2008
Kommersant
Gold-mining company Polyus Zoloto stock was yesterday’s growth leader on Russian markets, gaining more than 10 percent in price even as the market was falling. Experts expect affiliates of either Mikhail Prokhorov or Vladimir Potanin to raise their share in the company to 30 percent and make an offer to minority shareholders.
Britain’s Authorities Probe Into Surge in Polus Zoloto
27 May 2008
Kommersant
Britain’s Financial Services Authority (FSA) has set to probing into the surge in Polus Zoloto quotes. The stocks went up once the capital fund Kazimir Partners made an offer for the buyout of 2.5 percent in Polus from its subsidiary, Jenington, for $350 million, Vedomosti reported.
Polyus Gold Gains After Fund Makes Offer for Stake
19 May 2008
Bloomberg
OAO Polyus Gold, Russia's biggest producer of the metal, rose the most since it starting trading in Moscow two years ago after a U.K.-based investment fund Kazimir Partners Ltd. made an offer for a stake in the company.
Prokhorov's man joins UC RUSAL board
13 May 2008
Reuters
Dmitry Razumov, chief executive of Russian billionaire Mikhail Prokhorov's Onexim Group, has joined the board of the world's top aluminium producer, United Company RUSAL, UC RUSAL said on Tuesday.
Russia's Onexim Group to bid for Open Investments SPO
30 April 2008
Prime-TASS News Russia
Russia's Onexim Group, the investment vehicle of Russian billionaire businessman Mikhail Prokhorov, plans to bid for a secondary share issue of Russian real estate developer Open Investments (OPIN), the group said on its official blog Wednesday citing its General Director Dmitry Razumov.
Billionaire Prokhorov Gives $2 Million to Back Kabakov Art Show
30 April 2008
Bloomberg
Billionaire Mikhail Prokhorov is to give $2 million to finance Russia's first retrospective of artworks by its leading postwar artist Ilya Kabakov, the metal tycoon's foundation said today.
Prokhorov Sell 25% In Norilsk To RUSAL
25 April 2008
The Moscow Times
Months of negotiations and rumors came to an end Thursday as Oleg Deripaska's United Company RusAl closed a deal to buy a stake of 25 percent plus one share in Norilsk Nickel, the world's biggest producer of the metal.
Interros to buy 50% in ONEXIM's KM Invest
17 April 2008
RIA Novosti
Russian financial holding Interros said on Thursday it had agreed with Onexim Group to buy a 50% stake in Onexim's KM Invest.
Privatization of Russia's electricity company enters home stretch
8 April 2008
Herald Tribune
A plan to privatize the world's largest electricity company is entering the home stretch. Mikhail Prokhorov bought 32 percent of TGK-4, with plants near Moscow, for $500 million at auction.
Hydrogen fuel is the way ahead, says oligarch
23 March 2008
The Independent
Businessman Mikhail Prokhorov has claimed that the UK is "missing a trick" in its search for clean energy and vowed to "invest billions" in hydrogen fuel cells.
Fight over Norilsk Nickel hardens
11 March 2008
Barents Observer
Russian aluminium giant Rusal has got a 4,5 billion USD credit intended for the acquisition of a 25 percent stake in Norilsk Nickel. Meanwhile, Norilsk Nickel’s management continues talks with iron major Gazmetall over a possible company merger.
Regulator allows RusAl to buy 29 percent stake in Norilsk Nickel
31 January 2008
Novosti
Russia's anti-monopoly watchdog said on Thursday it had allowed aluminum giant UC RusAl to buy a stake of 29 percent plus 1 percent voting share in Norilsk Nickel.
ONEXIM Group unveils plans for innovation
22 January 2008
RosBusiness Consulting
ONEXIM Group revealed its first project in the area of nanotechnology, proposing to build a research and technology center in Moscow, which may cost more than $ 100 million to implement.