Polyus Gold, Russia Metals and Mining
In the first quarter of this year, the gold mining company Polyus significantly increased its rates of the mining, processed ore, as well as the precious metals production.
Polyus plans to bring Natalkinsky GOK to its designed capacity by June 2018, said managing director of RiM (included in Polyus) Grigory Koldunov.
In Q1 2017 Polyus increased the total volume of gold production by 17% to 450 thousand ounces against Q1 2016.
In January-March the gold mining companies of the Irkutsk Region produced 2,220 kg of ore gold - 17% or 444 kg less than within the same period last year.
Russia's gold mining companies are announcing ambitious plans to increase metal production at a relatively low cost, but it is unlikely to make money on this plan for a broader range of investo
Polyus plans to hold the SPO in May-June 2017 simultaneously in Moscow and London, a source in the bank circle said.
In 2017, subsoil users of the Krasnoyarsk region plan to produce 57.7 tons of gold, which is by 8.1% less than last year, the regional ministry of industry, energy and trade reports.
The placement of Polyus’ shares, which began to be planned in the middle of last year, may take place in the near future.
Polyus and Fosun of Chinese billionaire Guo Guangchang plan to sign a document on the sale of a stake in the Russian company, the Russian First Deputy Prime Minister Igor Shuvalov said on Wednesday
Russia's largest gold mining company Polyus has paid off almost the entire package of treasury shares - 33.09% of the authorized capital, the statement informs.