Russian precious metals miner Polyus reported 50% growth in second-quarter adjusted net profit to $365 million, GuruFocus.com reported.
The company’s share climbed 1.23% to 6,929.00 rubles ($106.07) on Tuesday after the announcement. Higher refined gold sales volumes and prices led revenue to increase 19% to $897 million, the report said.
The...
Russia's Rusal, the world’s second-largest aluminum producer, expects that global demand for aluminum will grow by 2% to 67.5 million tons this year, the company said in its report released at the Hong Kong Stock Exchange on Friday.
"We expect global demand for primary aluminum to grow by 2% year-on-year...
Despite decreased flows relating to the oil contamination crisis and a recent dip in gas exports, Russian oil and gas production climbed further in the first seven months of 2019, bneIntellinews reported citing data published by the energy ministry’s CDU TEK department.
From January to July, crude oil and...
Cooperation with Kyrgyzstan on hydroelectric power plants could continue if Russian state company RusHydro receives compensations, First Deputy Chief of the Russian Government Staff Sergey Prikhodko said, according to Rambler.
Kyrgyzstan and Russia signed an agreement on joint construction of four hydroelectric power plants on the Naryn River in Kyrgyzstan...
The five largest sports betting operators in Russia nearly doubled their revenue last year on the back of the FIFA World Cup being played in their back yard, CalvinAyre.com reported.
The country’s five biggest bookmakers hit 110 billion rubles ($1.7billion) in total revenue last year, up more than 86% from...
Gazprom could hold a secondary public offering (SPO) of an additional 3.7% of its quasi-treasury shares this autumn, bne Intellinews wrote citing a Bloomberg report.
According to the report, the stake would be worth 200 billion rubles ($3 billion) at current valuations. The sources said foreign investors will buy the...
In a move seen as opening the door to Russian grain imports, Saudi Arabia's state supplier SAGO said it will relax its bug-damage specifications for wheat imports from its next tender, Reuters reported.
Governor Ahmad Al Fares told the news agency that SAGO is relaxing its limits for bug-damage in...
Russian mining and steel company Evraz has reached an agreement to sell its wholly-owned subsidiary Evraz Stratcor Inc., based in Arkansas, to a third party in July 2019, TASS reported citing the company’s 1H financial report released on Thursday.
"The group expects that the sale of this subsidiary will not...
The Russian economy is very likely to experience monthly deflation in August, but consumer prices will be up 4.4-4.5% in year-on-year terms, the economy ministry said on Wednesday, according to Reuters.
Deflation may come at 0.2-0.0% due to falling prices for vegetables and fruit, the ministry said.
Annual inflation in Russia...
Russian air carriers will need about 300 aircraft with a seating capacity of 30 to 110 passengers and nearly 500 planes that would seat less than 30 passengers within the next 20 years, Russia’s state tech corporation Rostec told Izvestia.
"Although regional aviation is not the largest segment in Russia...
