DOCSLIB.ORG

Download PDF (187.84

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Download PDF (187.84 METALLOINVEST ANNOUNCES FINANCIAL RESULTS FOR THE FULL YEAR 2015 Moscow, Russia – 16 March 2016 – Metalloinvest (“the Company”), a leading global iron ore and HBI producer, and a regional high quality steel producer, today publishes its audited IFRS financial results for the full year ended 31 December 2015. FINANCIAL HIGHLIGHTS o Revenue USD 4,393 mn (-31.0% y-o-y1) o EBITDA2 USD 1,432 mn (-27.0%) o EBITDA margin 32.6% vs. 30.8% in 2014 o Net Income USD 218 mn vs. USD 66 mn in 2014 o Net Debt USD 3,563 mn (-14.9% compared to 31 December 2014) o Net Debt / EBITDA 2.49x vs. 2.13x as of 31 December 2014 o Capital Expenditure USD 417 mn (-29.9%) o Total Assets USD 6,619 mn (-8.9% compared to 31 December 2014) PRODUCTION HIGHLIGHTS o Iron ore3 39.5 mn tonnes (+1.9%) o Pellets 23.8 mn tonnes (+5.0%) o HBI/DRI 5.4 mn tonnes (+3.1%) o Hot metal 2.5 mn tonnes (+7.6%) o Crude steel 4.5 mn tonnes (-0.1%) KEY CORPORATE HIGHLIGHTS Operating activities and capital expenditures o Signing of a new long-term iron ore products supply contract with ArcelorMittal o Increase in shipments to major domestic customers, including MMK, NLMK, Severstal and Evraz o Completion of a construction and the launch of Pellet Plant #3 at MGOK o Active phase of construction of HBI-3 at LGOK Financing o Net Debt reduction of USD 622 mn o Exercise of put option for series 01, 05 and 06 bonds in RUB 25 bn issue o ECA4 facility agreement for up to EUR 267 mn to finance HBI-3 construction at LGOK o Pre-export finance facility (PXF) agreement with a club of international banks for USD 750 mn o Issue of BO-01 series bonds for a total amount of RUB 10 bn o Confirmation of long-term credit ratings at BB/Ba2 levels by Standard & Poor’s, Fitch and Moody’s o Assignment of a long-term issuer credit rating of BBB+ by Dagong Corporate governance and information disclosure o Reelection of the Board of Directors and the Board Committees o Presentation of Metalloinvest’s renewed strategy (Strategy 2023) o Completion of Udokan spin-off Social responsibility o Execution of social partnership programmes with the administrations of the Kursk, Belgorod and Orenburg regions and Zheleznogorsk, Stary Oskol, Gubkin and Novotroitsk 1 Hereinafter comparison with 2014 unless indicated otherwise 2 Hereinafter EBITDA stands for EBITDA adjusted according to IFRS requirements. For more details please refer to IFRS statements 3 Iron ore refers to iron ore concentrate and sintering ore 4 ECA – export credit agency 1 Pavel Mitrofanov, Deputy CEO – Chief Financial Officer of Management Company Metalloinvest, commented: “Substantial declines in iron ore and steel prices had a negative impact on Metalloinvest’s revenue and EBITDA. However, our vertically integrated business model with a focus on high value-added products and strict cost control allowed us to keep our EBITDA margin above 30%. In 2015, we worked to optimise our debt structure and sustain our liquidity position. We successfully raised funds in the local and international markets and extended our maturities. This year, we are continuing to further improve our debt portfolio. To this end, we have signed a new PXF facility agreement and issued rouble bonds in 1Q 2016. We are progressing with our capacity development programme. Following the launch of Pellet Plant #3 at Mikhailovsky GOK last year, we plan to complete HBI-3 construction at Lebedinsky GOK in the end of 2016 – early 2017. These projects will enable us to support top-line growth going forward.” INCOME STATEMENT USD mn 2015 2014 Change Revenue 4,393 6,367 -31.0% EBITDA 1,432 1,961 -27.0% EBITDA margin 32.6% 30.8% +1.8 ppt Net Income 218 66 3.3x Revenue In 2015, the Company’s revenue decreased by 31.0% y-o-y from USD 6,367 mn in 2014 to USD 4,393 mn, mostly on the back of a 42% y-o-y drop in global iron ore prices and a 32% y-o-y decrease in steel prices5. The Mining Segment accounted for 47.6% of the Company’s consolidated revenue, compared to 48.7% in 2014. A decrease in revenue from mining operations by 32.7% y-o-y was due to lower global iron ore product prices and the rouble depreciation. The Steel Segment accounted for 48.3% of the Company’s consolidated revenue, compared to 48.1% in 2014. Revenue from the Steel Segment declined by 30.6% y-o-y to USD 2,123 mn, mainly as a result of decreased pig iron and steel prices and the rouble depreciation. In 2015, the share of domestic sales in the Company’s consolidated revenue grew to 42.7% from 41.1% in 2014. Europe and the Middle East represented 22.0% and 16.4% of 2015 revenue, respectively. Asia accounted for 5.8%. Cost of sales, distribution, general and administrative expenses In 2015, the cost of sales amounted to USD 2,275 mn, representing 51.8% of total revenue for the period vs. 53.1% in the previous year. The decline in the cost of sales by 32.7% compared to the previous period was related to the weakening rouble and the results of the operational improvement programme, which includes natural gas, energy and other cost cutting measures. In 2015, distribution expenses amounted to USD 690 mn, a decrease of 28.5% y-o-y. This was mainly due to the rouble depreciation and partial reorientation of shipments to the domestic market under existing long-term contracts. Distribution expenses represented 15.7% of revenue, versus 15.2% in the previous year. 5 Source: Platts Fe62% CFR China for iron ore, square billet FOB Black Sea for steel 2 In 2015, general and administrative expenses declined by 35.9% y-o-y to USD 289 mn. These costs accounted for 6.6% of revenue, slightly lower than the 7.1% figure in 2014. Profitability In 2015, the Company’s EBITDA decreased by 27.0% to USD 1,432 mn from USD 1,961 mn in 2014. The decline in EBITDA was largely the result of a USD 494 mn decrease in Mining Segment EBITDA 2015. At the same time, the EBITDA margin increased by 1.8 ppt compared to 2014 and amounted to 32.6%. Mining Segment EBITDA amounted to USD 872 mn, a decrease of 36.2% y-o-y. The share of the Mining Segment in consolidated EBITDA declined to 60.9% compared to 69.7% in 2014. This drop was largely the result of the fall in the global iron ore price. Steel Segment EBITDA declined by 6.9% y-o-y to USD 392 mn and accounted for 27.4% of consolidated EBITDA. A slightly lower decrease in Steel Segment EBITDA in comparison to Mining Segment EBITDA was due to lower raw material prices, higher volumes of pig iron sales and a change in the structure of steel product shipments. In 2015, net income amounted to USD 218 mn vs. USD 66 mn in 2014. Despite a considerable decline in operating profit, the Company achieved an increase in net income mostly due to a decrease in FX non-cash items related to the USD-denominated part of the Company’s debt and lower net interest payments. FINANCIAL POSITION As of 31 December 2015, the Company’s total assets amounted to USD 6,619 mn, a decrease of 8.9% compared to USD 7,266 mn as of 31 December 2014. The decline in the USD amount of the Company’s total assets was related to the rouble depreciation. As of 31 December 2015, the proportion of long-term debt slightly declined to 83.9% compared to 86.4% the year before. At the end of the reporting period, cash and cash equivalents amounted to USD 424 mn vs. USD 550 mn as of 31 December 2014. The Company’s total liquidity amounted to USD 824 mn, including short-term bank deposits of USD 400 mn. At the end of the reporting period, the Company’s Net Debt decreased to USD 3,563 mn vs. USD 4,185 mn in 2014. The Net Debt / EBITDA ratio amounted to 2.49x6 compared to 2.13x as of 31 December 2014. In February-May 2015, international rating agencies Standard & Poor’s, Fitch and Moody’s confirmed the Company’s long-term corporate credit ratings at BB/Ba2 level. In November 2015, Metalloinvest received a long-term issuer credit rating in domestic and foreign currencies of BBB+ with a Stable outlook from Dagong Global Credit Rating Co. Ltd, a Chinese credit rating agency. LIQUIDITY AND CAPITAL RESOURCES In 2015, Metalloinvest’s net cash generated from operations amounted to USD 952 mn, a decrease of 29.4% y-o-y compared to USD 1,348 mn in 2014. Net cash used in investing activities amounted to USD 987 mn vs. USD 427 mn in 2014. The difference was related to the proceeds from disposal of financial assets in 2014. 6 Short-term bank deposits amounted to USD 400 mn are taken into account at a Net Debt / EBITDA ratio calculation 3 Net cash used for financing activities amounted to USD 24 mn vs. USD 550 mn in 2014. The decrease was mostly the result of dividend payments in 2014. In 2015, Metalloinvest worked on improving its debt maturity schedule and portfolio optimisation. In March 2015, the Company exercised the put option on series 01, 05, and 06 RUB-denominated bonds at 100% of nominal price in the amount of RUB 25 bn.
Load more

Recommended publications
  • Download Article (PDF)
    Advances in Economics, Business and Management Research, volume 181 Proceedings of the 3rd International Conference Spatial Development of Territories (SDT 2020) The Role of Citi-forming Industrial Enterprises in the Development of Innovative and Investment Attractiveness of Russian Regions (on the Example of Stary Oskol, Belgorod Region and the «OEMKINVEST ltd») Elena Chizhova Irina Rozdolskaya Department of the Theory and Science Methodology, Economics Department of Marketing and Management and Management Institute Belgorod University of Cooperation, Belgorod State Technological University Economics & Law named after V.G. Shukhov Belgorod, Russia Belgorod, Russia [email protected] [email protected] Sergey Chizhov VeraTuaeva Department of Economics and Production Organization, Department of Construction Management and Real Estate, Economics and Management Institute Belgorod State Construction Engineering Institute Technological University Belgorod State Technological University named after V.G. Shukhov named after V.G. Shukhov Belgorod, Russia Belgorod, Russia [email protected] [email protected] Abstract—The article considers the role of single-industry towns and city-forming enterprises in the formation of the I. INTRODUCTION investment attractiveness of the region. It is shown that from an In Russia, as in other countries of the world, there is a epoch of industrialisation we’ve got a problem of settlements of problem of single-industry town (monotown). Single- the various size having monoindustrial structure. But monocities of the Belgorod region which basic manufacture is industry town is characterized by the systemic unity of its the extraction of iron ore, have kept the specialisation and socio-economic organization and the functioning of the city- investment appeal. The city of Stary Oskol having single- forming enterprise [1].
    [Show full text]
  • Russia to Vietnam No Name Approval No Address Species Products
    The list of registered establishments eligible to export meat and meat product from Russia to Vietnam Update on 28/09/2020 No Name Approval No Address Species Products registered for export to Vietnam 425226, Russian Federation, Mari El Republic, Frozen poultry meat and poultry meat products/ 1 LLC “Ptitsefabrika Akashevskaya” RU-012/YP23903 Medvedevsky district, Yubileynyy settlement, Chicken homemade chicken:”parts of boneless frozen Proizvodstvennaya street, 22 carcasses; Frozen hearts, liver and fats Limited Liability Company Belgorodskie Granulirovannye Korma Poultry Russian Federation Belgorod region, Rakit-yansky Broiler chicken meat and chicken meat products; 2 RU-031/KN03601 Chicken slaughterhouse and deep processing distric, Rakit-noye village, Vasi-lievskoe shosse, 1 chicken by-products plan (Belgrankorm LLC) Pork meat and pork by-products: pork meat, pork Closed Joint Stock Company Russian Federation, 309220, Belgorod region, fat, pork rind, melted pork fat, pork semi-finished 3 “Svinokomplex Korocha”. Short name: RU-031/UR01668 Korochansky district, the territory of CJSC SK Swine products, frozen meat semi-finished in dough, CJSC “SK Korocha Korocha assorted meat semi-finished; offal salted (casing): dried or in brine, bones Limited Liability Company "Bryanskiy Russian Federation, Bryansk region, Vygonichi Fresh, frozen, Poultry and Poultry product, 4 broiler". RU-032/DL03369 district, Vygonichi settlement, 39 km. highway M- Poultry Poultry offals. Short name: LLC "Bryanskiy broiler" 13, building 1 Limited Liability Company "Bryansk Russian Federation, Bryansk region, Vygonichi Meat Company". 5 RU-032/FQ03256 district, Vygonichi settlement, 39 km. highway M- Bovine Fresh, frozen, Beef and beef product; Beef offals Short name: LLC "Bryansk Meat 13, building 2 Company" 4 Festivalnaya street, Liski Area, Voronezh Region, Chilled/frozen chicken meat; chilled/frozen 6 Lisco Broiler LLC RU-036/MD03866 Chicken Russian Federation, 397903 chicken by-products; chicken fats 396024, Oktyabrskaya St., Vlg.
    [Show full text]
  • Industrial Framework of Russia. the 250 Largest Industrial Centers Of
    INDUSTRIAL FRAMEWORK OF RUSSIA 250 LARGEST INDUSTRIAL CENTERS OF RUSSIA Metodology of the Ranking. Data collection INDUSTRIAL FRAMEWORK OF RUSSIA The ranking is based on the municipal statistics published by the Federal State Statistics Service on the official website1. Basic indicator is Shipment of The 250 Largest Industrial Centers of own production goods, works performed and services rendered related to mining and manufacturing in 2010. The revenue in electricity, gas and water Russia production and supply was taken into account only regarding major power plants which belong to major generation companies of the wholesale electricity market. Therefore, the financial results of urban utilities and other About the Ranking public services are not taken into account in the industrial ranking. The aim of the ranking is to observe the most significant industrial centers in Spatial analysis regarding the allocation of business (productive) assets of the Russia which play the major role in the national economy and create the leading Russian and multinational companies2 was performed. Integrated basis for national welfare. Spatial allocation, sectorial and corporate rankings and company reports was analyzed. That is why with the help of the structure of the 250 Largest Industrial Centers determine “growing points” ranking one could follow relationship between welfare of a city and activities and “depression areas” on the map of Russia. The ranking allows evaluation of large enterprises. Regarding financial results of basic enterprises some of the role of primary production sector at the local level, comparison of the statistical data was adjusted, for example in case an enterprise is related to a importance of large enterprises and medium business in the structure of city but it is located outside of the city border.
    [Show full text]
  • Cities and Black Earth Soils
    Studia Ekonomiczne. Zeszyty Naukowe Uniwersytetu Ekonomicznego w Katowicach ISSN 2083-8611 Nr 334 · 2017 Ekonomia 12 Liudmila Popkova Anna Popkova Kursk State University, Kursk, Russia Lomonosov Moscow State University, Moscow, Russia Economic and Social Geography Department Faculty of Foreign Languages and Area Studies [email protected] [email protected] URBANISATION OF AGRICULTURAL AREAS: CITIES AND BLACK EARTH SOILS Summary: The article is devoted to the impact of the black earth soils on the formation of urban settlement. The features of development and settlement of the Central Black Earth Region are examined. The main colonization flows and their impact on the modern structure of the population are stated, the migration attractiveness of the region is de- scribed. The territories with fertile black earth soils are analyzed in terms of their in- volvement in economic circulation processes. Cities are characterized as the central points of the settlement. Particular attention is paid to the role of regional centers. The influence of the most significant factors on the contemporary urban settlement structure is evaluated: the construction of railways, iron ore mining and production of ferrous metals. The role of soils in urban development and the processes of urbanization are analyzed. Keywords: city, urbanization, black earth soils. JEL Classification: P25, Q16, Q18. The dependence of the citizens’ lives on the soil conditions is no longer ev- ident. However, the cities that arose and developed on the black earth soils have geographical features, which indirectly effect the socio-economic development. The degree of involvement in agriculture, based on the fertility of black soils, is reflected, in particular, on the type of industrial production.
    [Show full text]
  • 26621-26634 Page 26621 Margarita Viktorovna Perkova*Et Al
    Margarita Viktorovna Perkova*et al. /International Journal of Pharmacy & Technology ISSN: 0975-766X CODEN: IJPTFI Available Online through Research Article www.ijptonline.com REGIONAL SETTLEMENT SYSTEM Margarita Viktorovna Perkova Belgorod State Technological University named after VG Shukhov Russia, 308012, Belgorod, Kostyukov str., 46. Received on 25-10-2016 Accepted on 02-11-2016 Abstract. The study examined a regional settlement system in respect of the aspect of the interaction between economics, sociology, geography, urban planning and development of regional management system. Regional settlement system is an open space system which variables can be described as a mixed way (quantitatively and qualitatively). Subsystems of a regional settlement system (natural and historical-cultural framework, transport, economy, population) are identified. The dynamics of the historical development of subsystems and their interaction are considered by the example of the Belgorod region which is a regional settlement system. A regional system is complex and interrelated by its elements and satisfies to the system concept of functional integrity. Changing the configuration properties of a territory leads to a change in its target function. Keywords: regional settlement system, sustainable development, transport infrastructure, economy, population, natural framework, historical-cultural framework, Belgorod region. Introduction. Successful territorial development of a country depends on rates and prospects for the development of regional settlement systems. Regional settlement system is considered in respect of the aspect of the interaction between economics, sociology, geography, urban planning and development of regional management system [1]. So far, a unified approach to determination of essence and content of a region as an object of study has not been developed yet.
    [Show full text]
  • Metalloinvest Announces H1 2018 Ifrs Financial Results
    METALLOINVEST ANNOUNCES H1 2018 IFRS FINANCIAL RESULTS Moscow, Russia – 22 August 2018 – Metalloinvest (“the Company”), a leading global iron ore and HBI producer, and one of the regional producers of high-quality steel, today publishes its IFRS financial results for the half year ended 30 June 2018. FINANCIAL HIGHLIGHTS o Revenue USD 3,779 mn (+24.6% y-o-y1) o EBITDA2 USD 1,491 mn (+40.5%) o EBITDA Margin 39.5% vs. 35.0% in H1 2017 o Net Income USD 870 mn (+48.7%) o Net Debt USD 3,810 mn (-6.1% compared to 31 December 2017) o Net Debt / EBITDA LTM3 1.5x vs.1.9x as of 31 December 2017 o Capital Expenditure USD 234 mn (+24.5%) PRODUCTION HIGHLIGHTS o Iron ore4 20.0 mn tonnes (-0.8%) o Pellets 13.6 mn tonnes (+11.4%) o HBI/DRI 4.0 mn tonnes (+21.8%) o Hot metal 1.5 mn tonnes (+8.6%) o Crude steel 2.5 mn tonnes (+5.2%) KEY CORPORATE HIGHLIGHTS Operational developments and capital expenditure o Completion of modernisation of vacuum degasser at the EAF5 shop at Ural Steel o Launch of commercial operations at concentrate intake facility at MGOK o Signing of a contract with a Danieli group company for the construction of the heat treatment facility for hot rolled steel at OEMK with annual capacity of 70,000 tonnes of high-quality rolled steel (SBQ) o Signing of a contract with Tenova for the supply of two furnaces for the EAF shop upgrade at Ural Steel o Coordination meetings with KAMAZ and TMK Financing o Refinancing of USD 240 mn pre-export credit facilities (PXF) with a new PXF raised in January 2018 o Keeping the Company’s series 02 and
    [Show full text]
  • Russia to Vietnam No Name Approval No Address Species Products
    The list of registered establishments eligible to export meat and meat product from Russia to Vietnam Update on 25/05/2021 No Name Approval No Address Species Products registered for export to Vietnam 47 Sotsialisticheskaya St./ 453431 Blagoveschensk town, Blagoveschensk Chilled and frozen chicken meat and chicken 1 Open Joint Stock Company «Turbaslinskie broiler» RU-002/ZK01011 Chicken district, Bashkortostan Republic, Russian meat products Federation 425226, Russian Federation, Mari El Frozen poultry meat and poultry meat products/ Republic, Medvedevsky district, 2 LLC “Ptitsefabrika Akashevskaya” RU-012/YP23903 Chicken homemade chicken:”parts of boneless frozen Yubileynyy settlement, Proizvodstvennaya carcasses; Frozen hearts, liver and fats street, 22 Frozen pork meat: tenderloin boneless, belly bone-in rind-on, belly sigle-ribbed rind-on, shoulder boneless, leg boneless, loin bone-in 431800, Russian Federation Mordovia Limited Liability Company “Meat-processing plant rindless, collar boneless, loin ribs, belly ribs, 3 RU-013/LD04098 Republic, Atyashevo region, workers town Swine “Atyashevsky” (Short name: LLC “MPK “Atyashevsky”) riblets, fat, jowls, pork trimming, pork by- Atyashevo products: diaphragm, esophagus, feet, ear flap, tail, snout, tongue, mask, head, liver, heart, kidney 356420, Russian Federation, Stavropol LLC “Stavropolskiy broiler” branch Myasoptitsekombinat Frozen whole chicken/chicken parts and chicken 4 RU-026/AX01232 region, Blagodarnenskiy district, Chicken “Blagodarnenskiy” meat products; chicken by-products
    [Show full text]
  • Departure City City ​​Of Delivery Region Delivery Delivery Time
    Cost of Estimated Departure city city ​​of delivery Region delivery delivery time Moscow Ababurovo Moscow 655 1 Moscow Abaza The Republic of Khakassia 1401 6 Moscow Abakan The Republic of Khakassia 722 2 Moscow Abbakumova Moscow region 655 1 Moscow Abdrakhmanovo Republic of Tatarstan 682 on request Moscow Abdreevo Ulyanovsk region 1360 5 Moscow Abdulov Ulyanovsk region 1360 5 Moscow Abinsk Krasnodar region 682 3 Moscow Abramovka Ulyanovsk region 1360 5 Moscow Abramovskikh Sverdlovsk region 1360 1 Moscow Abramtsevo Moscow region 655 1 Moscow Abramtzevo (Dmitrovsky reg) Moscow region 1360 3 Moscow Abrau Durso Krasnodar region 682 1 Moscow Avvakumova Tver region 655 5 Moscow Avdotyino Moscow region 655 1 Moscow Avdotyino (Stupinsky reg) Moscow region 1360 1 Averkieva Moscow Moscow region 1360 2 (Pavlovsky Posadskiy reg) Aviation workers Moscow Moscow region 1360 1 (Odintsovskiy-one) Moscow aviators Moscow region 655 1 Moscow Aviation Moscow region 655 1 Moscow Aviation Moscow region 655 1 Moscow Motorist Arhangelsk region 655 1 Moscow avtopoligone Moscow region 1360 3 Moscow Autoroute Moscow region 655 1 Moscow agarin Moscow region 655 1 Moscow Agarin (Stupinsky reg) Moscow region 1360 1 Moscow Agafonov Moscow region 655 1 Moscow AGAFONOVA (Odintsovskiy-one) Moscow region 1360 1 Moscow Agashkino Moscow region 655 5 Moscow Ageevka Oryol Region 655 1 Moscow Agidel Republic of Bashkortostan 1360 3 Moscow Agha Krasnodar region 682 3 Moscow Agrarnik Tver region 1306 6 Moscow agricultural Republic of Crimea 682 4 Moscow agrogorodok Moscow region
    [Show full text]
  • Supreme Court of the Russian Federation1 Case No AKPI17-238
    Supreme Court of the Russian Federation1 Case No AKPI17-238 Y. G. Ivanenko, J., for the Court: Clerk V. A. Stratienko Having considered in open court hearings the Ministry of Justice’s administrative claim on the administrative case of liquidating the Religious organization “The Administrative Center of Jehovah’s Witnesses in Russia”, The Court found On 27 March, 1991 the Ministry of Justice of the Russian Soviet Federative Socialist Republic decided to register charter the “Religious Organization of Jehovah’s Witnesses in the Soviet Union”, founded by ten individuals at the establishing meeting on 10 March, 1991. The current version of the Сharter of the Religious Organization “The Administrative Center of Jehovah’s Witnesses in Russia” (hereafter – the Organization) was registered by the Ministry of Justice of the Russian Federation on 29 April 1999. … The Ministry of Justice applied to the Supreme Court of the Russian Federation with the claim to liquidate the Organization on the grounds that activities of the Organization and the 365 religious organizations of Jehovah’s Witnesses incorporated into the structure of the Organization are carried out in violation of the charter goals, tasks, and legislation of the Russian Federation, including the Federal Law No 114-FZ, of 25 July 2002 on Combating Extremist Activity. To justify the claim, the administrative claimant indicates that various informational materials spread by the Organization and local religious organizations of Jehovah’s Witnesses in the Russian Federation had been declared extremist by courts due to the fact that they contain information inciting religious discord, that they propagandize exclusivity, and that they promote the superiority and inferiority of citizens based on their religious affiliation.
    [Show full text]
  • BR IFIC N° 2641 Index/Indice
    BR IFIC N° 2641 Index/Indice International Frequency Information Circular (Terrestrial Services) ITU - Radiocommunication Bureau Circular Internacional de Información sobre Frecuencias (Servicios Terrenales) UIT - Oficina de Radiocomunicaciones Circulaire Internationale d'Information sur les Fréquences (Services de Terre) UIT - Bureau des Radiocommunications Part 1 / Partie 1 / Parte 1 Date/Fecha 07.04.2009 Description of Columns Description des colonnes Descripción de columnas No. Sequential number Numéro séquenciel Número sequencial BR Id. BR identification number Numéro d'identification du BR Número de identificación de la BR Adm Notifying Administration Administration notificatrice Administración notificante 1A [MHz] Assigned frequency [MHz] Fréquence assignée [MHz] Frecuencia asignada [MHz] Name of the location of Nom de l'emplacement de Nombre del emplazamiento de 4A/5A transmitting / receiving station la station d'émission / réception estación transmisora / receptora 4B/5B Geographical area Zone géographique Zona geográfica 4C/5C Geographical coordinates Coordonnées géographiques Coordenadas geográficas 6A Class of station Classe de station Clase de estación Purpose of the notification: Objet de la notification: Propósito de la notificación: Intent ADD-addition MOD-modify ADD-ajouter MOD-modifier ADD-añadir MOD-modificar SUP-suppress W/D-withdraw SUP-supprimer W/D-retirer SUP-suprimir W/D-retirar No. BR Id Adm 1A [MHz] 4A/5A 4B/5B 4C/5C 6A Part Intent 1 109021324 ARG 262.7750 RIO GALLEGOS ARG 69W13'04'' 51S37'09'' FX 1 ADD 2 109021325
    [Show full text]
  • International Court of Justice Case Concerning
    INTERNATIONAL COURT OF JUSTICE CASE CONCERNING APPLICATION OF THE INTERNATIONAL CONVENTION FOR THE SUPPRESSION OF THE FINANCING OF TERRORISM AND OF THE INTERNATIONAL CONVENTION ON THE ELIMINATION OF ALL FORMS OF RACIAL DISCRIMINATION (UKRAINE V. RUSSIAN FEDERATION) MEMORIAL SUBMITTED BY UKRAINE 12 JUNE 2018 TABLE OF CONTENTS Page Part I: INTRODUCTION ............................................................................................................ 1 Russia’s Campaign for Hegemony in Ukraine ................................ 3 Structure of the Memorial .............................................................. 9 Part II: THE RUSSIAN FEDERATION’S VIOLATIONS OF THE INTERNATIONAL CONVENTION FOR THE SUPPRESSION OF THE FINANCING OF TERRORISM .. 14 Section A: Evidence Showing the Financing of Terrorism in Ukraine ..................... 17 Chapter 1. Systematic Terrorism by Russia’s Proxies in Ukraine ............................ 17 Since Their Inception, Russia’s Proxies Have Engaged in a Pattern of Terrorist Acts to Intimidate Civilians and Coerce the Ukrainian Government .........................................................18 The Shoot-Down of Malaysia Airlines Flight 17 ......................... 28 The Shelling Attacks on Civilians in Donbas .............................. 37 The Campaign of Bombing Attacks in Ukrainian Cities............. 67 Chapter 2. Russian Financing of Terrorism in Ukraine ........................................... 80 The Massive, Russian-Supplied Arsenal of Weapons to Illegal Armed Groups in Ukraine
    [Show full text]
  • Using Modern Technologies for the Development of Competitive Advantages of Regional Tourism
    ISSN 0798 1015 HOME Revista ESPACIOS ! ÍNDICES ! A LOS AUTORES ! Vol. 39 (Number 24) Year 2018 • Page 19 Using modern technologies for the development of competitive advantages of regional tourism Utilizando tecnologías modernas para el desarrollo de ventajas competitivas del turismo regional Irina Victorovna BOGOMAZOVA 1; Svetlana Gennad’evna STENYUSHKINA 2 Received: 30/01/2018 • Approved: 15/03/2018 Content 1. Introduction 2. Method 3. Results 4. Discussion 5. Findings Acknowledgments References ABSTRACT: RESUMEN: In recent years, tourism has turned into one of the En los últimos años, el turismo se ha convertido en most dynamic directions, representing prospect for una de las actividades más dinámicas, representando regional development. Effective using of the available las perspectivas de desarrollo regional. La utilización richest natural, cultural, historical resources and efectiva de los recursos naturales, culturales, heritage forms a basis of expansion of competencies históricos y patrimoniales disponibles constituye una in the field of culture, rest and recovery, at the same base para la expansión de competencias en el campo time providing possible economic development, the de la cultura, el descanso y la recuperación, al mismo solution of problems of employment and attraction of tiempo que proporciona un posible desarrollo additional resources to the region (Tourism can económico, la solución de problemas de empleo y la become the engine of development of economy of atracción de recursos a la región (el turismo puede Russia). In the current socio-economic conditions, convertirse en el motor del desarrollo de la economía tourism represents a traditional area where active use de Rusia). En las condiciones socioeconómicas of modern technologies is observed.
    [Show full text]