OREANDA-NEWS. On 30 July 2009 Veles Capital released daily review:

In 1H 2009 Polyus reduced gold output by 14%. Reduction of the production by Polyus is explained by decrease of average grade of metal in the processed sulphide from Olimpiadinskiy OMPE. The company preserves the annual plan on metal output for 2009 in the volume of 40 tons (1.3 mn ounces). Non-audited sales of Polyus from selling gold by IAS totaled, by provisional data, 440 mn USD, having dropped 13% versus 1H 2008.

GAZ negotiated with Alfa-Bank. Oleg Deripaski’s GAZ group negotiated debts restructuring with Alfa-Bank – the only creditor that was voting against up until now. The agreement on restructuring might be signed within the coming days.

Rosneft showed profit for 1H 2009 by RAS. RAS net profit of Rosneft reduced by more than twice in 1H 2009 versus the similar period of 2008 to 81.325 bn RUR.

Results of Akron, Dorogobuzh and Uralkaliy for 1H 2009 by RAS. RAS net profit of Akron in 1H 2009 formed 5.382 bn RUR, which is by 5.2 times lower than the similar estimate of the previous year. Net profit of Dorogobuzh, which is included in Akron holding, by RAS in 1H 2009 dropped by almost 3 times – to 2.389 bn RUR. Uralkaliy gained net profit in the amount of 1.23 bn RUR versus 12.523 bn RUR in 1H 2008.