Stock market news

NOVATEK

Novatek plans to make an investment decision on Murmansk LNG in 2024 and on Obsky LNG in the first half of next year, said head of Novatek Leonid Mikhelson. Earlier he said that the company plans to start construction of Murmansk LNG from August 2024, when the Center for construction of large-capacity offshore facilities in the Murmansk region will complete...

NOVATEK

Novatek this week will start commissioning work on the first line of the Arctic LNG 2 plant, and it will reach its design capacity in the first quarter of 2024, said the head of the company Leonid Mikhelson. Second line of Arctic LNG 2 may start producing liquefied natural gas in December 2024.

Polyus

Polyus will invest ₽30 billion in the project for gold mining at the deposits of the Southern group of deposits of the Kuranakh ore field, which includes 11 deposits in the Aldan district of Yakutia. Project involves the construction of a heap leaching site with the capacity to process 12 million tons of ore per year. In 2022, Polyus' Kuranakh mill produced...

NOVATEK

Novatek plans by the end of 2023 to maintain the volume of gas production at the level of 2022 - approximately 82 billion cubic meters or slightly more. Production of liquid hydrocarbons will increase by 2-2.5% due to gas condensate.

NOVATEK

Novatek in 2023 intends to increase net profit and revenue by 25% to the level of 2021, said Leonid Mikhelson, the head of Novatek. As a result, the volume of dividend payments will also increase, which will amount to 50% of profits. Comparison with 2021 is more correct because 2022 was an anomalous year for the industry - gas companies made record profits t...

SPB Exchange

SPX Exchange's settlement depository, SPB Bank, has started using only friendly countries' international accounting institutions to hold and settle all securities listed on the Hong Kong Exchange, including shares and ETFs, from September 12, 2023. All new Hong Kong securities proposed to be admitted to trading on SPX Exchange will also be accounted for with...

INARCTICA (Russian Aquaculture)

Shareholders of INARCTICA approved dividends for 6 months 2023 in the amount of ₽16 per ordinary share. The last day of purchase of securities to receive dividends is September 21, 2023. Dividend yield may amount to 1.6%.

Seligdar

Seligdar and the Far East and Arctic Development Corporation signed agreements on the construction of a metallurgical plant in Khabarovsk Krai, as well as investment projects for the development of the Pyrkakayskiye Stockworks deposit in Chukotka Autonomous Okrug and the Oktyabrskoye, Perevalnoye and Solnechnoye deposits in Khabarovsk Krai. Total company inv...

Magnit

Retailer Magnit has started producing cheese in one of the Magnit Extra superstores in Tula. At the initial stage, the cheese factory will produce 12 positions of soft varieties: mozzarella, cacciotta, ricotta, buratta, strachatella. Production volume will be up to 1 ton per month. Retailer will buy milk for cheeses from farmers in the Tula region. Launch of...

Astra

Developer of the Astra Linux operating system Astra Group plans to hold an IPO on the Moscow Exchange in the fourth quarter of 2023, during which it wants to sell up to 10% of shares, sources told RBC. Subsequently, the size of the free float may be increased. Company is targeting both institutional and retail investors. A source close to one of the organize...