The largest shareholder of Petropavlovsk, Kenes Rakishev (22%) commented on the lowering of the company credit rating.

“The decrease of the gold-extracting company Petropavlovsk credit rating by Fitch from B- to CCC should not be dramatized. The results of the first half of the year led to this. We had a corporate conflict at the time, which affected the output and sales decrease”, he said.Petropavlovsk

According to Rakishev, the new board of directors and the company management have a vast experience in gold-extracting sphere and are concentrated on solving manufacturing tasks.

He is sure that as of the end of 2018 the forecast will be revised upwards. (Ukrainian metal)

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