“Koboldo” goes over to “Global-Polymetal”
Edited by Rhod Mackenzie / 2015-04-23 06:42:57
Peter Hambro Mining Limited (Cyprus; a subsidiary of Petropavlovsk) and “Global-Polymetal” signed an agreement to sell 95.7% stake of ZDP Koboldo, Interfax reported.
Earlier it was reported that the FAS allowed Global-Polymetal to buy Koboldo.
Petropavlovsk declared that ZDP Koboldo was a non-core asset, and in 2014 the company has provided only 5% of the production of the group. Plans for 2015, inclusive of the sale of the business unit, approximately make up 680 000-700 000 ounces of gold.
