Russia: Petropavlovsk net profit up in 2017

In 2017 Petropavlovsk Plc received the net profit of $41.5 million, up by 30.9% YoY. According to the company statement, its revenue grew by 8.6%, to $587.4 million, while EBITDA dropped by 1.6%, to $196.8 million. Petropavlovsk is one of the 5 largest gold producers in Russia. Its main assets are in Amur region, where…

Latvia: winner of KVV Liepājas metalurgs rolling stock auction to be checked

Security Institutions should check the winner of the auction for the sale of KVV Liepājas metalurgs rolling stock equipment – Austrian Smart Stahl GmbH, said Economy Minister Arvils Ašeradens. The minister said the buyer picked for KVV Liepājas metalurgs rolling stock equipment would be checked as soon as they transferred the money, thereby demonstrating readiness…