Norilsk Nickel, Evraz

Roman Abramovich sells Evraz too

Roman Abramovich and Alexander Abramov reduce their share in their second major asset in over a week.

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Russian Ministry of industry and Trade doesn’t need super-profits of companies

The Kommersant has knows the unofficial position of the Ministry of Industry and Trade on the idea of assistant to the President Andrei Belousov on the withdrawal of "market" profits

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Strengthening of ruble: consequences for metallurgical industry

Our macroeconomic analysts now take a less pessimistic position on the Russian currency and forecast that at the end of 2017 the exchange rate will be 57-59 rubles / dollar, while earlier they expe

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Lukoil, Norilsk Nickel, Severstal are in rating of companies transparency

Five Russian companies have appeared in the rating of hundred companies with the most transparent reports among developing countries, made by the international organization Transparency International. The list of the hundred most transparent companies on the developing markets includes Evraz (the 34th place), Lukoil (the 58th place), Norilsk Nickel (the 67th place), Severstal (the 74th place) and UC Rusal (the 92th place).

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Steelmakers are paying off foreign debts.

Companies buy back their currency bonds.
Against the background of a sharp drop in the rouble "Severstal" followed by other steel companies offered investors an early redemption of the eurobonds for $ 600 million to reduce its dollar debt. Prior to this, programs or plans to reduce foreign currency borrowings were already announced by "Rusal", Evraz and MMC "Norilsk Nickel". Metallurgists have money: devaluation led to an increase in export earnings. But conservation of the currency debt is risky for "Severstal": after the sale of assets in the United States 65% of its revenues is denominated in roubles.

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Metallurgy-2014: under “star” of Mechel

The outgoing year in metallurgy will be remembered by everyone, first of all, due to events with Mechel. In 2014, the most indebted company in the industry lost most of its capitalization. It was threatened with bankruptcy, default, was asked to sell assets, restructure its debt and convert it into shares. It was threatened with the dismissing of its general director and principal owner of the company Igor Zyuzin from its management - but there are still no specifics on the future of Mechel.
The first problems of Mechel were found at the end of February, when its shares "went" down for unknown reasons, although some analysts suspected that this was due to its debts. The manipulation with the shares was attributed to speculators, and the Central Bank undertook to investigate. But no one then imagined that everything would go so far.
But the company also had positive aspects in the current year, in particular, the sale of assets, and the fall of the ruble allowed it to significantly reduce its debt.

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Vladimir Kirillov chairs a meeting on the topic: "The issue of hazardous waste class definitions for the large industrial enterprises".

On October 29, 2014 in the Moscow office of MMC "Norilsk Nickel" the Head of RPN Vladimir Kirillov had chaired a meeting of the extended Scientific and Technical Council of RPN on "Problems of the class definitions of the hazardous wastes for the large industrial enterprises", the press service of Norilsk Nickel reported.
The meeting was attended by the representatives of RPN, business, academic and civic organizations. At the meeting of the Scientific and Technical Council the RPN company was represented by the first Deputy General Director - Chief Operating Officer Sergey Dyachenko - and Deputy General Director - Head of the corporate, property and legal issues Elena Bezdenezhnykh.

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"Surgutneftegas" and NLMK benefit from the weak rouble.

"The revenue for the companies is in dollars, while the majority of their costs are in roubles, so the weak rouble makes the costs in dollar terms less", - the UBS analyst, Konstantin Cherepanov is happy for the raw materials and metallurgical companies. According to Bank of America Merrill Lynch estimates the revenue of the oil companies can grow by almost 5% with the 10% devaluation of the rouble. The effect of a weak rouble is more visible for the metallurgists - this year's change of course will give some of them an additional 12% rouble revenue.
Oil and Gas.
The underrun of the oil and gas industry is due to the fact that rapid devaluation only compensates for the drop in the oil prices. So raw materials of the Brent brand fell by 16.8% to $ 92.19 per barrel since the beginning of the year, the rouble over the same period depreciated against the American currency by 22.5%. In this case, since the beginning of Q3 the oil and the ruble are on a par – the currency fell within that period by 18.2%, and the oil - by 18%.

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Even more yuan hunters.

"Timir", "Intergeo" and the Silver Bear are waiting for the Chinese investors.
As "the Kommersant" informed the number of Russian companies willing to attract the Chinese partners for the implementation of the new mining projects included MMC "Timir", "Intergeo" and the Silver Bear. However, in all three cases the concrete negotiations with the investors have not yet been reached. A surge in interest in the investments from China began in spring, after the cooling of relations between Russia and the West, but few so far managed to negotiate with the Chinese.

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Timir, Intergeo and Silver Bear wait for Chinese investors

As the Kommersant has got to know, Timir, Intergeo and Silver Bear are among Russian companies that are looking to attract Chinese partners for the implementation of new mining projects. However, in all three cases matters didn't come to concrete negotiations with investors. The surge of interest in investment from China began in the spring, just after the cooling of relations between Russia and the West, but just few companies managed to negotiate with the Chinese.
Timir (a joint venture of Evraz of Roman Abramovich and its partners with Alrosa), Intergeo of Mikhail Prokhorov and Silver Bear,the shareholders of which are Alexei Mordashov and co-owner of TechnoNikol, Sergei Kolesnikov, are ready to attract Chinese investors in their resource projects in Yakutia and Tuva. These investment projects were included in the list of proposals for the development of Russian-Chinese cooperation, prepared by Business Russia at the request of the Ministry of the Economy.

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