Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
MOSCOW – Russia's biggest iron-ore producer Metalloinvest swung to a net profit of $177-million in the first quarter of 2015, the company reported on Thursday. Metalloinvest, owned by Russia's third richest man Alisher Usmanov, reported a net loss of $542 million dollars for the last three months of 2014 owing to a revaluation of its dollar-denominated debt following the depreciation of the rouble.
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