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Yuzhuralnickel prolonged the license on the development of Buruktalskoe field till Dec. 31, 2013, the company informed.

Yuzhuralnickel (TIN 5613000143) is included into Mechel Group. It is a large nickel and cobalt producer. The reserves of nickel are appraised to cover above 1mln ton; cobalt - 90ths ton.

The share capital is equal to 599.737ths rub. split in 599737 common stocks of 1 rub. par.

The 9-month 2012 net losses (RAS) gained 995.06mln rub. against 233.051mln rub. in profit last year; revenues declined 41.47% to 5.178bn rub. from 8.846bn rub.; losses from sales gained 1.378bn rub. vs. 106.416mln rub. in profit ; pretax losses coming to 1.219bn rub. vs. 309.488mln rub. in profit

"AK&M", 24.01.2013