Petropavlovsk

Petropavlovsk’s enterprises produced 303.4 thousand ounces of gold since the beginning of the year

Petropavlovsk Plc, which produces gold at four mines in the Amur region, has summed up production results for the third quarter and the first nine months of 2018.

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In January-September Petropavlovsk reduces gold production by 10%.

Within first nine months of 2018 Petropavlovsk Plc (Petropavlovsk Group of Companies) reduced gold production by 9.8% to 303.4 thousand ounces (9.4 tons), compared to the same period in 2017, Petro

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Amur is set to reduce gold production in 2018.

Due to the depletion of gold reserves in refractory ores, the region will lose nearly 2.5 tons of precious metals by the end of the year.

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Petrolpavlovsk hopes to launch Elginskoye deposit in 2019

Petropavlovsk Plc, which develops gold deposits in the Amur region, has planned to start production at the Elginskoye deposit in 2019.

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Petropavlovsk is allowed to mine Elga gold.

LLC TEMI (a part of Petropavlovsk Plc) has received permission from the Russian government to explore for and extract primary gold in a subsoil area of federal significance, including the Elga ore

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“Petropavlovsk” launches a flotation shop for an autoclave at the Malomyr mine.

Every year the factory plans to process more than 3 million tons of ore per year.

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In January-June, Petropavlovsk made the loss of $25 mln against profit last year

In the first six months of 2018, Petropavlovsk Plc (Petropavlovsk Group) made the net loss in the amount of $24.8 million against the profit in the amount of $24.5 million in the previous year, the

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Following the results of 2018, the credit rating of Petropavlovsk may be revised

The largest shareholder of Petropavlovsk Kenes Rakishev (22.5%) made this comment regarding the downgrade of the credit rating of GC Petropavlovsk, which conducts industrial development of gold dep

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In January-June, Russia increased gold production by 2.6%

In the first six months of 2018, Russian enterprises produced 128.141 tons of gold, mined and obtained as a result of associated production, including processing of scrap and waste, as

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Fitch downgrades Petropavlpvsk's rating to CCC from B-

International rating agency Fitch has downgraded long-term issuer default rating (IDR) of Petropavlovsk to CCC from B -, it follows from the message of the agency.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
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