Polyus Gold, Russia Metals and Mining

Lenzoloto made a loss in 2016

Lenzoloto made a loss on the deposits in foreign currency.

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Control over the Nezhdaninskoye deposit to be obtained by Ivan Kulakov

As the Kommersant has got to know, Ivan Kulakov, Roman Abramovich's ex-partner in Sibneft and Highland Gold, will acquire 82.3% from Said Kerimov’s Polyus in the large Nezhdaninskoye gold

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Joint venture of Polyus and Rostec has received license for development of Sukhoi Log

The Federal Agency for Subsoil Use has issued a license to develop the Sukhoi Log gold deposit to the company SL Zolto (established by Polyus and a subsidiary of the state-owned corporation Rostec

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Polyus confirms plans to increase its production to 2 mln ounces in 2017

The Russian gold mining company Polyus is aiming to increase the production to 2 million ounces in 2017 and to achieve the production of at least 2.7 million ounces per year by 2020, Polyus&rs

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Polyus solves problem of debt refinancing till 2019 on account of eurobonds

The Russian gold mining company Polyus will spend funds from the placement of eurobonds to refinance its debt, it will allow the company not to repay the debt till the beginning of 2019, Polyus&rsq

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Polyus to hold geological exploration at Sukhoi Log in the next 3-4 years

Polyus plans to hold the additional geological exploration at the Sukhoi Log deposit in the coming 3-4 years, Vice-President for finance and strategy of Polyus, M. Stiskin, said.

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In 2016, Polyus Gold's net profit grew by 52.9%

In 2016, the net profit of the gold mining company Polyus Gold amounted to 95.26 billion rubles against 62.3 billion rubles a year earlier, it follows from the company’s report under IAS.

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Polyus places 6-year euro bonds in dollars

Polyus places 6-year euro bonds in dollars. The profitability is about 5.25-5.5%.

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Nordgold overestimates the minorities.

The company is considering the redemption of its shares or delisting.

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Polyus plans to spend funds from placement of new eurobonds for refinancing

Polyus has planned to spend funds from the placement of new eurobonds to refinance, the company’s senior vice-president of finance and strategy Mikhail Stiskin said during the conference call

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