At a meeting on April 27 the Board of Directors of NLMK Group, an international steel company with operations in Russia, the US and the EU, approved the new composition of the Group’s Management Board as follows. The new Management Board is: Grigory Fedorishin – President (Chairman of the Management Board), Mikhail Arkhipov – Vice…
At a meeting held on April 27, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q1 2018 dividends of 5.73 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on June 8. NLMK Group’s Board of Directors recommended NLMK shareholders approve dividends of 5.73…
The Board of Directors of NLMK Group held a meeting on April 27 during which the agenda for the Annual General Shareholders’ Meeting (AGM), to be held on June 8, was approved. The list of persons entitled to participate at the AGM will be based on the NLMK Shareholder Register as of May 14. NLMK…
The net profit of the Russian metals producer Norilsk Nickel increased by 30% YoY, to 48.8 billion rubles in January-March, as calculated under Russian Accounting Standards (RAS), the company said in a statement. Revenue rose by 28%, to 120.99 billion rubles. Gross profit grew by 34%, to 75.6 billion rubles, sales profit by 36%, to…
The prices of gold and platinum increased, while the prices of silver and palladium decreased in Azerbaijan on April 30, according to the data published by the Central Bank. The cost of gold increased by 6.6215 manats, to 2246.8815 manats per troy ounce in Azerbaijan compared to the price on April 27. The cost of…
The interdepartmental commission will calculate the damage that was caused during the riots on the territory of the goldmine plant Makmalzoloto. Earlier it was reported that a license for the construction of a gold-processing plant was issued illegally and a criminal case was opened on the fact. The administration added that Chinese investors invited an…
Russian gold producer GV Gold has approved a new dividend policy to keep the high payouts and will calculate dividends on the basis of earnings before interest, taxes, depreciation, and amortization (EBITDA) starting from the dividends for 2017, the company said in a statement. GV Gold set the target level of dividends at 30% of…
Last week the price of one ounce of gold in Azerbaijan decreased by 28.067 manats or by 1.25%. Accordingly, the average price of one ounce of gold stood at 2,254.1558 manats. The price of one ounce of silver decreased by 0.9518 manats or 3.39%, to 28.4143 manats. The price of one ounce of platinum decreased…
