Russia: Polymetal buys out Tarutinskoye Copper

Polymetal International plc has increased its share in Vostochny Bazis LLC, which has the license to work at the Tarutinskoye copper deposits, from 75% to 100%. Polymetal bought the additional 25% from Geronesa Trading Ltd. Tarutinskoye is a typical gold-copper deposit and fits Polymetal strategy of creating processing hubs. The deposits will provide raw materials…

Ukraine: Evraz Yuzhkoks replaces CEO

The supervisory board of Evraz Yuzhkoks has dismissed the general manager of the company Sergei Burylin from his office. The new CEO is now Denis Koshkarov, the director of central laboratory of by-product coke chemistry manufacture at Evraz NTMK. Koshkarov has been appointed for 1 year – from February 1, 2017 through January 31, 2018.…

Russia: Nord Gold continues maximizing shareholder value

Nord Gold acknowledges recent speculation regarding a possible delisting of the company’s global depositary receipts from the Official List and the London Stock Exchange. The Board of Directors continues to consider options for maximizing shareholder value, including a potential delisting of the company’s global depositary receipts, although no decision has been taken and there is…