Finance

Polymetal increases its share in Veduga gold ore deposit

Polymetal International plc has entered into an agreement to increase its share in the Veduga gold deposit to 74.3% by acquiring 31.7% share in Amikan, which owns a license for the Veduga deposit.

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In Q3 2018, Polyus increased production of refined gold by 16% quarter-on-quarter

In the third quarter of 2018, Polyus increased production of refined gold by 16% compared to the previous quarter to 623.800 Troy ounces, the largest gold mining company of the Russian Federation r

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Current losses of Russian oil refineries are 6-7 thousand rubles per ton of petroleum products

Russian oil refineries currently operate in the conditions of negative margins. Their losses amount to 6-7 thousand rubles per ton of petroleum products.

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Polymetal increases its share in the Veduga gold deposit to 74.3%.

Polymetal International plc increases its stake in the Veduga gold deposit to 74.3%, the company informs.

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ChTPZ attracts syndicated loan for $24 mln and 10 mln euro

A syndicate of six international banks, which includes Rosbank, has increased a loan of ChTPZ under the syndicated loan agreement signed in December 2017, Rosbank reports.

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Sales of Alrosa’s diamond products grew by 9% since the beginning of the year

In the first three quarters of 2018, Alrosa sold diamond products to the total amount of $3.662 billion. The sales increased by 9% compared to the same period of the previous year.

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Gazprom is investing 6.8 billion roubles into Astrakhan GPP in 2018.

Gazprom plans to direct 6.8 billion roubles to Gazprom Dobycha Astrakhan to modernize its gas processing plant (GPP) in the Astrakhan Region, which is 2 times more than in 2017, the administr

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SOCAR Polymer hopes for $350 mln of annual income from sale of polypropylene and low-pressure polyethylene

SOCAR Polymer has expected to get an annual income of $350 million from the sale of polypropylene and low-pressure polyethylene, produced at plants in Azerbaijan, says director of the company Farid

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Nordgold redeems 0.86% of its capital within bayback

Nordgold of Alexei Mordashov has repaid more than 2.9 million global depositary receipts (GDR), purchased in accordance with the proposal under the buyback program, the company reports.

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Transneft discusses possible buyback of preferred shares

At the suggestion the Russian Direct Investment Fund, Transneft has begun to discuss possible buyback of it's preferred shares.

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