Rami Weisfisch

Rami Weisfisch (born November 4th, 1946) is an Israeli metal trader. He was President of the Minor Metals Inc., a US company which closed in 1999. His brother Amir was founder and Managing Director of Metal Resources Group Limited(MRG), an English company (Source Companies House and AXL Metals website) which closed in 2000.

Metals Resources Group cobalt trading success

Amir Weisfisch's MRG became a dominant force in the global cobalt market in 1999, when the company successfully accumulated an exceptionally large position whilst the market was trading at around $6 per pound. Subsequently, MRG was believed to have acquired 30% of the 30,000-tonne annual supply for the year, whilst prices trebled to $18 per pound.

Alleged Zambian cobalt scandal

The contract for the sale of 1900 tonnes of cobalt to MRG by the state-owned Zambia Consolidated Copper Mines for the period 1998-1999 was the subject of a parliamentary enquiry. Although it was alleged that the deal was "imprudent and irregular", costing the African nation $60m in lost sales, no evidence of any impropriety on MRG's part was ever disclosed.

English litigation

In 2006 Weisfisch was engaged in a court fight in England with his brother, Amir Weissfisch. ref>

Amir claims that Rami reneged on an agreement to dissolve MRG (a company which he was managing diretor of), and is suing for $88m. Amir lost in England and paid indemnity costs.

Emerald Bay

Weisfisch was reportedly bidding to buy the Emerald Bay resort on Exuma. Some local Bahamians feel he is an unsuitable foreign investor with no prior experience in running a resort.

Weisfisch was reportedly involved with his son, Ryan (President of Maxwelle Real Estate Group), in a real estate negotiation in 2002 between Jorge M. Perez and Nancy Graham, whose business dealings during her presidency of Center City Development Corp. were subsequently the subject of investigation over potential undisclosed conflicts-of-interest.

Personal life

Weisfisch was born in Israel in 1946. He owns a home in West Palm Beach, Florida which was mortgaged to a Swiss company. Weisfisch currently resides in The Bahamas. He is married with 4 children.

Amir lives in London where he has a mansion house in an exclusive street in St Johns Wood. He has 3 children and operates a trading office in Mayfair. He is still trading metals actively under the trading name AXL Metals (www.axlmetals.com)which is a division of AXL Resources and finances films (Founder Seranade Films who produced Game 6 in 2006.