Russia: MMK IFRS net profit down in H1 2019

The net profit of Russia’s Magnitogorsk Iron and Steel Works (MMK) fell by 25.9% YoY, to $497 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 1. Revenue went down by 7.8%, to $3.835 billion in the period. Earnings before interest, taxes, depreciation, and amortization…

Kyrgyzstan: PM meets with Centerra Gold Inc. CEO

Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev has met with Scott Perry, President and CEO of Centerra Gold Inc., and some members of the Board of Directors of the Canadian company. During the meeting, issues of the company’s activities and prospects for deepening cooperation in the interest of further improving the efficiency of the Kumtor mine…