Russia: Sibir-Polymetally CapEX down in 2016
In 2016 Sibir-Polymetally, a part of UMMC, decreased capital investments 3.6-fold YoY, to 1.08 billion rubles. According to the company statement, new equipment was purchased for 108.7 million rubles, and capital repairs saw the investments of 550.1 million rubles. Last year the company received 205.833 million rubles of net losses as opposed to 97.814 million…
