Petropavlovsk

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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In H1, Petropavlovsk reduced gold production by 13%

In the first six months of 2018, Petropavlovsk Plc (Petropavlovsk Group) reduced gold production by 13% to 201.400 thousand ounces (6.26 tons) compared to the same period in 2017, as it follows fro

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Petropavlovsk plans to complete the autoclave complex for extracting gold from the resistant ores in late 2018.

In the Amur region gold production will increase by 10 tons per year. This will be possible after a new plant is put into operation in the Magdagachinsk district at the end of this year.

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In H1, 9.7 tons of gold produced in Amur region

On the territory of the Amur region in January-June 2018, subsoil users produced 9 734.4 kg of gold. Compared to the same period in 2017, the production decreased by 12.5 %.

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Pavel Maslovskiy plans to buy up to 10% stake in Petropavlovsk.

The co-founder of the company will again become a shareholder, and will also take the post of general director.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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