OREANDA-NEWS. On 12 August 2009 Veles Capital released daily review - August 11, 2009:

MTS: improvement due to seasonal factors. Sales of MTS, JSC in 2Q 2009 by US GAAP formed 2.02 bn USD versus 2.6 bn USD within the similar period a year before. The net profit dropped from 659 mn USD to 563 mn USD. Such information is provided in the message of the company.

Export duties for oil will be upped from September 1 by 7.4%. The oil export duty in Russia might be upped by 17 USD to 237-241 USD per ton from September 1, stated the deputy head of the department of custom duties of RF Ministry of Finance Alexandr Sakovich, imparted Interfax. We would like to remind that from August 1 the duty forms 222 USD per ton.

Severstal upped the share in High River Gold to 61.7% by the results of the shares buyback. Severstal-Resource, the commodity division of Severstal, completed the buyback of shares from the minorities of High River Gold, having built up its share in the company to 61.7%. Before the offer the share of Severstal in the capital of High River formed 57.3%. The buyback of shares has been conducted via the subsidiary of Severstal-Resource – Lybrica Holding. Though the number of holder that accepted the offer lower than required for the complete buyback of the company, Severstal is satisfied with having improved control in the company to 61.7%.