Glencore

En+ increases its stake in UC Rusal to 56.9%

En+ Group has increased its stake in UC Rusal to 56.88% after completing a securities exchange with Swiss trading company Glencore, En+ reported in its statement.

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HGM increases resources by 14% due to geologic exploration activities and new assets

As of December 31, 2018, British gold mining company Highland Gold Mining (HGM, manages assets of Russdragmet) increased total mineral resources under JORC to 19.6 million ounces of gold.

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Glencore may resume purchases of aluminum from UC Rusal

The Swiss commodity trader Glencore is going to resume purchases of aluminum from the Russian company UC Rusal, which previously fell under the sanctions of the US Treasury.

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Transaction on the sale of 14% of Rosneft is postponed due to lack of financing.

The completion of the transaction for the sale of 14.16% of Rosneft to the Chinese CEFC was postponed from the end of 2017 to H1 2018.

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The deal of ONEXIM is valued at $700 mln

ONEXIM will sell 12% of the current 17% of shares in UC RusAl for $700 million, Vedomosti writes. A deal might be clinched by the end of November

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Chinese Shandong Gold can buy the Vasilkovskoe gold deposit.

The Chinese Shandong Gold Mining Co was the main contender for the purchase of gold deposit Vasilkovskoe from Glencore in Kazakhstan, Bloomberg reports, citing sources.

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Glencore may sell gold mine in Kazakhstan to Chinese

Shandong Gold Mining Co or Zhongjin Gold Corp might be potential buyers of the Vasilkovskoye deposit for $2 billion.
The sources, close to the deal, say on possible sale of gold mine Vasilkovskoye, which currently belongs to Glencore Plc. Bloomberg reports.

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FAS defers the consideration of the case on violation of antimonopoly legislation by UC Rusal.

Commission of the Federal Antimonopoly Service (FAS) deferred consideration of the case against UC Rusal for a more detailed study of materials until December 24.
The case on the grounds of violation of the Federal Law "On Protection of Competition" was opened on October 9 on the basis of the statement of the "Magnitogorsk Iron and Steel Works" (MMK).

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In H1 "UC Rusal" increases EBITDA under IFRS by more than three times.

The performance of the company was better than the consensus forecast composed by RIA Novosti according to a survey of analysts, who had expected EBITDA at $ 1.19 billion.
In H1 2015 "UC Rusal" increased EBITDA under IFRS by 3.3 times to $ 1.289 billion compared with the same period last year, the message of the company informs.
The result was better than the consensus forecast compiled by RIA Novosti according to the survey of analysts who had expected EBITDA at $1.19 billion. The revenue increased by 8.3% to $ 4.75 billion, also better than analysts' expectations, who predicted the figure of $ 4.714 billion.
The net profit of "UC Rusal" in the reporting period amounted to $879 million against losses of $ 209 million dollars a year earlier, the adjusted net profit - $ 415 million against a loss of $ 395 million, the normalized net profit - $ 830 million compared to a loss of $ 40 million a year earlier. The net debt for the period decreased by 9.4% as of June 30th amounted to $8.005 billion.

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