Market news
23 september 2009
Highland Gold has increased net profit by 70% in the first half of the yearBritish Highland Gold mining gold in Russia has increased net profit by 70% in the first half of the year compared to the first half of last year – to $38.1 million, reports the company.
23 september 2009
Polymetal conducts negotiations with EBRD and UniCredit to attract $150 millionAs reported in the presentation made by Vitaly Nesis at Denver forum of gold miners, “Polymetal” OJSC (RTS: PMTL) conducts negotiations with EBRD and UniCredit for a credit of at least $150 million.
23 september 2009
Shareholders of Polymetal approved restructuring Varvarinskoye debt.At the special general meeting of September 16, the shareholders of “Polymetal” OJSC (RTS: PMTL) approved the transactions aimed at restructuring the debt of Varvarinskoye JSC, which the company intends to purchase from Orsu Metals, informs the company.
23 september 2009
“Polyus” will pay 6.55 rubles per share for half a year.The shareholders of “Ployus Zoloto” OJSC (RTS: PLZL) decided at the special meeting of September 14 to pay dividends for the first half of 2009 in the amount of 6.55 rubles per share, informs the company.
23 september 2009
"Polyus" intends to complete integration of KazakhGold by the end of the year“Polyus Zoloto” OJSC (RTS: PLZL) purchased in August 50.1% of shares of KazakhGold and plans to complete integration of the acquired asset into the company by the end of the year, as reported in the presentation prepared by Polyus for Denver Gold Forum.
23 september 2009
ARMZ intends to announce a competitive bid for selection of the general designer of Elkon MMV before the end of the year.Atomredmedzoloto OJSC intends to announce a competitive bid for selection of the general designer of the plant for development of uranium deposit in Yakutia before the end of the year, informed journalists the head of ARMZ Vadim Zhivov in the sidelines of the symposium of the World Nuclear Association.
23 september 2009
Peter Hambro offers to buy back the remaining bonds in the gold equivalent for $53 millionBritish Peter Hambro Mining, which conducts gold mining operations in Russia, offers to buy back the 7% bonds in the gold equivalent remaining in circulation with the maturity date of 2012 for $53 million, informs the company. The company wants to settle this part of its debt in order to strengthen its financial standing.
