RusAl is urging City institutions to back it in its attempts to replace and increase Norilsk Nickel’s board. Russian shareholder group AAR is expected to press for a secondary listing of shares in TNK-BP, allowing TNK-BP to raise fresh capital and diluting the current shareholders’ control of the business. Three miners have died in an accident at a Siberian coal mine owned by Evraz Group. Egypt has agreed to supply Lebanon with electricity and natural gas. Gazprom has launched syndication of a $500 million, five-year loan.
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