Financial results

Bashneft to pay dividends for 2016 to its shareholders only at the end of 2017. There are serious reasons.

Following the meeting of the Board of Directors of Bashneft, it was decided to postpone the payment of dividends to its shareholders for 2016, the press service of the company announced on May 26,

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Evraz gives up positions in the Ukraine

Evraz of Roman Abramovich and partners have agreed on the sale of the iron ore mining and processing complex Evraz Sukha Balka to the DCH Group of Alexander Yaroslavsky, which also claims the

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Buryatzoloto made a net loss of 734 mln roubles in Q1 2017

Among the reasons of the fall of financial results Buryatzoloto names the expenditure for the repair of the gold mining plant at the Irokina mine.

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Alrosa made 84.8 bln roubles of revenue in Q1

The profit fell by 17% against Q1 2016 but grew compared with Q4 2016.

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Rusal persuades the creditors.

The company has achieved the mitigation of covenants.

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Capital expenditure of Gazprom Neft fell by 21.7% to 65.7 bln roubles in Q1

The capital expenditure of Gazprom Neft fell by 21.7% to 65.665 bln roubles in Q1 2017 compared with Q1 2016, is said in the company’s IAS report.

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In Q1 Nordgold increases gold production by 14%.

Nordgold of the businessman Aleksey Mordashov increased the total gold production in Russia and abroad by 14% to 239.4 thousand ounces (7.4 tons) in Q1 2017, the company informs.

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Gazprom Neft reduced net debt by 4.8% to 611 bln roubles in Q1 2017

The net debt of Gazprom Neft as of the end of Q1 2017 made up 611.042 bln roubles, which is by 4.8% lower than at the beginning of Q1 2017.

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Net profit of Neftisa under IAS made up 24.4 bln roubles in 2016 against a loss in 2015

The Net profit of Neftisa under IAS made up 24.4 bln roubles in 2016 against a net loss of 20 bln roubles in 2015.

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Net profit of Gazprom Neft under IAS grew by 49% in Q1 to 61.953 bln roubles

The net profit of Gazprom Neft under IAS grew by 49% in Q1 to 61.953 bln roubles, is said in the company’s report.

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