Stock market news

Solidcore Resources

Polymetal intends to do its best to pay dividends by the end of the year, the company's head Vitaly Nesis said at a teleconference with investors. Exact time and size will depend on full recovery of gold sales from Russian assets, he specified. Last time Polymetal paid dividends at the end of first half of 2021 in the amount of $0.45 per share for a total am...

Solidcore Resources

Polymetal after the completion of re-registration from the island of Jersey to Kazakhstan plans to sell Russian assets, said the head of the company Vitaly Nesis during a teleconference with investors. Part of the funds from the sale of assets will go to the construction of enterprises in Kazakhstan, and part - to pay dividends.

Solidcore Resources

Polymetal will invest about $778 million in a gold deposit in Kazakhstan. Company expects to process 300 thousand tons of gold-containing concentrate to produce 15 tons of gold. Kazakhstan is home to the company's flagship project Kyzyl, which was acquired in 2014 for $618.5 mln. It combines the Bakyrchik refractory ore deposit and a concentrator.

Cherkizovo Group

Cherkizovo Group's export revenue in the first half of the year increased by 10%. In physical terms, shipments remained at the same level as last year - over 50,000 tons. Poultry products make up the bulk of the company's export portfolio, accounting for 82% of total foreign shipments, including 76% of chicken and 6% of turkey. Pork and sausages account for...

MD Medical Group Investments

Board of Directors of MD Medical convened a meeting of shareholders to consider the issue of redomiciliation from Cyprus to the special administrative district of Oktyabrsky Island. It is planned to complete the redomiciliation not earlier than in 4 months, but not later than in 9 months from the date of the decision of the shareholders' meeting, which will...

Solidcore Resources

Polymetal's gold production for 6 months of 2023 amounted to 13,981 tons, up 15% year-on-year. Silver production decreased by 8% to 252.1 tons. Main growth in gold production was achieved at Albazino and Nezhdaninskoye deposits due to new production at the heap leach plant and launch of the intensive cyanidation section at AGMK-2, where rich gravity concentr...

Novolipetsk Iron and Steel Works

NLMK returned licenses for the development of the Zhernovsky coal deposit in the Kemerovo Region. Company acquired in 2005 and in 2011 two sites in Kuzbass - Zhernovsky-1 and Zhernovsky Gluboky with reserves of 163.3 and 72.6 million tons of coal, respectively. Development plan for the field envisaged production of 3 million tons of coal per year. However, N...

LUKOIL

Lukoil sent low-sulfur oil from its Caspian fields to the Emirati ADNOC refinery in Ruwais for the first time this year. This is Lukoil's second delivery of oil to an Emirati refinery: last year the company delivered Varandey oil to the UAE. Largest consumers of Russian oil are still refineries in China and India. According to experts, the question remains w...

Sistema

Russian Government and JSFC Sistema signed an agreement on the development of hydrogen energy, which implies deepening cooperation in this area. Corporation is already actively cooperating with the Russian Ministry of Energy within the framework of the interdepartmental working group for the development of hydrogen energy. Innovative projects include the cre...

Sberbank

Sberbank's RAS net profit for 7 months of 2023 amounted to ₽858.2 billion. Net interest income increased by 38.6% to ₽1.258 trillion. Fee and commission income increased by 20.5% to ₽385.6 billion.