View source for Alferon Management

'''Alferon Management''' Limited of [[London]] is a management company responsible for running the [[International Mineral Resources]] (IMR) in [[Kazakhstan]]. International Mineral Resources (IMR) is a Zurich-based holding subsidiary of the [[Eurasian Natural Resources Corporation|Eurasian Natural Resources Corporation (ENRC)]], one of the world’s largest private [[mining]] and [[metal]]s group owned by three 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]], in [[Kosovo]], and other countries that lack corporate governance.

[[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>[https://web.archive.org/web/20110604000513/http://www.forbes.com/global/2006/0327/034.html "Emerging market gold"], Tatiana Serafin, ''Forbes.com'' (27 March 2006) | accessed on May 31, 2006</ref>

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>

After much controversy, Alferon Management recently acquired [[Ferronikeli Complex]], LLC, a [[nickel]] plant based in Kosovo.<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>
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 World Bank Office in Kosovo, ''Kosovo Monthly Economic Briefing'' (31 May 2005) | accessed on May 31, 2006</ref>
Ferki Karaxha, the head of Ferronikeli trade union, also stated that since Adi-Nickel won the first [[Call for bids|tender]], it was no 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>

The sale agreement also includes 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}}

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>

==Notes==
{{reflist}}

==External links==
* [http://www.enrc.com Eurasian Natural Resources Corporation (ENRC) website]
* [http://www.cunicoresources.com Cunico Resources website]

[[Category:Mining companies of Kazakhstan]]
[[Category:Mining companies of the United Kingdom]]
[[Category:Companies based in London]]
[[Category:Eurasian Natural Resources Corporation]]