The Krasnoturyinsk-Polymetal LLC managing director Andrey Lisitsin has named new period when the processing works in the Krasnoturyinsk advanced development territory will be constructed. Thus, the commissioning is planned for 2022-2023. Previously it was planned to put the works into operation in late 2020. The reasons for the shift in plans have not been voiced.…
President of Kazakhstan Kassym-Jomart Tokayev has met with the member of the board of directors of Polymetal Management Company Igor Finogenov. The latter reported on the company’s big projects realized in Kazakhstan and Russia. The Head of State congratulated Polymetal on its IPO on the AIFC stock exchange and noted the company’s results achieved in…
Precious metals producer Polymetal International hopes to obtain licenses for survey at three gold-containing fields on Russia’s northernmost Taimyr Peninsula, CEO Vitaly Nesis reported. In April, Polymetal set up a debut strategic partnership with a junior company to organize exploration on the peninsula, with a shareholding of 70%. “We have a joint venture with a…
Alfa-Bank has reduced its stake in Russian precious metals producer Polymetal International by 0.03% to 4.98%, the bank said in a statement on June 11. The reason for the reduction was not disclosed. (Prime/Ukrainian metal)
This year Polymetal intends to start constructing a factory in Krasnoturyinsk to process polymetallic ores in order to extract gold, silver, as well as copper and zinc concentrate. The factory is expected to be commissioned in 2022. Its design capacity will be 450 thousand tons of ore per year. Investments in the project will exceed…
Serebro Magadana, a part of Polymetal, developing gold and silver deposits in the Magadan region, will put into operation a new warehouse of chemical reagents at the Lunnoye deposit in Q3. The construction of the warehouse is nearing construction. The warehouse will be able to store up to 3.4 tons of chemical reagents. Last year,…
Polymetal has concluded an agreement with a company affiliated with Mineral Exploration Network (Finland) Ltd (MEN) on the creation of a joint venture to carry out prospecting works in Chukotka Autonomous District. The gold ore to be found by the JV will provide additional raw materials to the Mayskaya factory, able to process both sulfide…
Russia’s second biggest lender VTB has raised the stake in Polymetal International plc to 5.15% from 0.16% as a result of a repo deal, the bank said. The deal took place on May 14. (Prime/Ukrainian metal)
