Seligdar has determined its development strategy until 2020

The Chairman of the Board of Directors of Seligdar S. Ryzhov has presented at the technical council session with the development strategy until 2020. The major targets are the long-term stable growth of the company, the improving of production efficiency and a reduction of production prime cost.

When elaborating the strategy, they oriented first of all to the tasks set by the shareholders. They are stable growth of the operational indices, improving of production efficiency and reduction of production prime cost, reduction of the credit burden, enlargement of the price of the shares and dividend profitability, Mr. Ryzhov says. When analyzing the tasks, the management compiled the main target, to become a high-effective mining company with annual yield of 8.5 tons of gold and 4,500 tons of tin by 2020.