Catalysts in the near-term for Polymetal include both the Nezhda exploration project in Yakutia, Russia, and the pressure oxidisation hub at Amursk
Its processing hubs include Dukat, Amursk
POX and Omolon while the standa-lone mines in its portfolio include Voro, Khakanja and Varvara.Country: RussiaSector: Metals/MiningTarget: Polymetal International plcBuyer: PMTL Holding LimitedType: P2PStatus: Agreed
A native of Novosibirsk, Ludmila now lives with her husband and two daughters in the young (only 30 years old) industrial town of Amursk
in the far east Khabarovsky Region of Russia.
On deck one afternoon I have an endearing encounter with the chairman of the Municipal Committee on Ecology and Nature Development for Amursk
, a city downriver from Khabarovsk whose air and water are polluted by a huge paper mill.
However, the figures came with a sting: due to unexpectedly high chlorine concentrations in the process water and design weaknesses, the Amursk
POX plant had to be shut down in late December and is currently operating at 60% capacity.
Company re-confirmed its FY2013 production guidance at 1.2m oz of gold equivalent (up 13% y-o-y), however sees moderate risk to the forecast at around 5% of the yearly target due to delays in ramping up the Amursk