- OJSC Polymetal
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"Polymetall" redirects here. For the substance, see Polymetal.
JSC Polymetal
ОАО Полиметалл
Type Public company (RTS:PMTLS
MICEX: PMTEL
LSE: PMTL)Industry Mining Founded 1998 Founder(s) Alexander Nesis (ICT Group) Headquarters St. Petersburg, Russia Number of locations 6 mines Key people Ilya Yuzhanov, (Chairman)
Vitaly Nesis, (CEO)Products Precious metals Revenue 
US$ 560.7 million (2009)[1]Net income US$ – 95.9 million (2009)[1]Owner(s) Alexander Nesis (ICT Group)
Alexander Mamut
Petr Kellner (PPF Group)Employees 4.785 Website www.polymetal.ru Polymetal (RTS:PMTLS, MICEX: PMTEL, LSE: PMTL) (Russian: ОАО «Полиметалл») is a precious metals mining company based in Russia. The company is the third global primary silver producer, the largest silver and the fourth gold producer in Russia.[2] It produced 17.2 million ounces of silver and 285,000 ounces of gold in 2008.[3]
Polymetal owns gold and silver mines and carries out exploration activities in four regions of Russia (the Magadan Region, the Khabarovsk Territory, the Sverdlovsk Region and the Chukotka Autonomous Okrug) and in Kazakhstan. Its portfolio of projects contains 36 licences covering a territory of over 7,800 km2.
Polymetal’s most promising deposit is Albazino located in the Khabarovsk Territory, which contains JORC mineral resources estimated at approximately 3 Moz of gold. The Company plans to continue active exploration work at Albazino and expects that its resource base will grow to 5–6 Moz by the time the operation begins production. Construction of a processing plant at Albazino is scheduled to begin in 2009, and it should produce its first gold in 2011.
The company was founded in 1998 in Saint Petersburg and its listed on Moscow Stock Exchange and London Stock Exchange.
References
- ^ a b "Financial Report-2009". http://www.polymetal.ru/admin/content/edit/?q=attachment.rpc&fid=11884. Retrieved 14 May 2011.
- ^ http://en.polymetal.ru/about
- ^ "Russia's Polymetal boosts 2008 gold, silver output , Reuters". Uk.reuters.com. http://uk.reuters.com/article/hotStocksNews/idUKLL5085520090121. Retrieved 14 May 2011.
External links
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Categories:- Companies listed on the Russian Trading System
- Companies listed on the London Stock Exchange
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