Following the company’s announcement of a cut in production targets due to troublesome weather, the Telegraph takes gold miner Petropavlovsk to task on its inability to manage shareholder expectations. As its prepares for its London IPO listing today, Russian internet group Mail.ru has acknowledged that it is facing multiple lawsuits over claims that its websites use pirated content to attract readers. Internet companies claim that holes in Russia’s legislation on piracy have exacerbated the problem. The company’s initial public offering price is set at $27.70 per global depositary receipt. Paul Betts in the Financial Times considers Oleg Deripaska’s double standards in his demands as majority shareholder in insurer Ingosstrakh and minority shareholder in Norlisk Nickel. BBC business reporter Konstantin Rozhnov delves into the $33 billion hole in the Russian government’s pocket. Bloomberg considers why Avtovaz holds such strategic importance for Renault.