Polymetal buys gold mine in Kazakhstan from Kazzinc for $100 mln
Edited by Rhod Mackenzie / 2016-04-04 04:10:11
One of Russia's largest producers of precious metals Polymetal buys gold mine Komarovskoye in Kazakhstan from Glencore’s subsidiary (LON: GLEN) Kazzinc for $100 million.
Kazzinc can also get deferred quarterly payments from the future production at the deposit, if prices are above $1.250 per an ounce, but its full volume will not exceed $80 million, the company reports.
