Alferon Management
Encyclopedia
Alferon Management Limited of London
is a management company responsible for running the International Mineral Resources (IMR) in Kazakhstan
. IMR is based in Zurich, and owned by Kazakh businessmen Alexander Mashkevich, Patokh Chodiev
(or Shodiev) and Alijan Ibragimov
(or Alidzhon Ibragimov).
Alferon Management 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, 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.
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
- Albania
n company, Adi Nickel was the highest bidder offering 49.5 million Euro
s.
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.. 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".
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.
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.”
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
is a management company responsible for running the International Mineral Resources (IMR) in Kazakhstan
Kazakhstan
Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...
. IMR is based in Zurich, and owned by Kazakh businessmen Alexander Mashkevich, Patokh Chodiev
Patokh Chodiev
Patokh Chodiev , born 15 April 1953, in Jizzakh , is a London-based Uzbek oligarch with Belgian citizenship who, with Alexander Mashkevich and Alijan Ibragimov, is part of the "Trio," a group of Central Asian businessmen who made their fortune through deals in minerals, oil, gas, and banking in...
(or Shodiev) and Alijan Ibragimov
Alijan Ibragimov
Alijan Ibragimov is a Kyrgyzstan-born Uigur oligarch who is a member of a well-known circle of oligarchs in Kazakhstan known as the “Trio.” The “Trio” comprises Ibragimov and his business partners, Alexander Mashkevich and Patokh Chodiev, active in the mining, oil & gas, and banking sectors in...
(or Alidzhon Ibragimov).
Alferon Management has acquired many mining operations in different countries such as Zambia
Zambia
Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
, the Democratic Republic of Congo, Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
, Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
, and Kosovo
Kosovo
Kosovo is a region in southeastern Europe. Part of the Ottoman Empire for more than five centuries, later the Autonomous Province of Kosovo and Metohija within Serbia...
.
Alexander Mashkevich, Patokh Chodiev
Patokh Chodiev
Patokh Chodiev , born 15 April 1953, in Jizzakh , is a London-based Uzbek oligarch with Belgian citizenship who, with Alexander Mashkevich and Alijan Ibragimov, is part of the "Trio," a group of Central Asian businessmen who made their fortune through deals in minerals, oil, gas, and banking in...
and Alijan Ibragimov
Alijan Ibragimov
Alijan Ibragimov is a Kyrgyzstan-born Uigur oligarch who is a member of a well-known circle of oligarchs in Kazakhstan known as the “Trio.” The “Trio” comprises Ibragimov and his business partners, Alexander Mashkevich and Patokh Chodiev, active in the mining, oil & gas, and banking sectors in...
, better known as the Troika or Trio, 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
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...
plant based in Kosovo in 2006.
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
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
- Albania
Albania
Albania , officially known as the Republic of Albania , is a country in Southeastern Europe, in the Balkans region. It is bordered by Montenegro to the northwest, Kosovo to the northeast, the Republic of Macedonia to the east and Greece to the south and southeast. It has a coast on the Adriatic Sea...
n company, Adi Nickel was the highest bidder offering 49.5 million Euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
s.
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.. 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".
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.
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.”