OJSC Polymetal
Encyclopedia
Polymetal 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.
It produced 17.2 million ounces of silver and 285,000 ounces of gold in 2008.
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
.
The company is the third global primary silver producer, the largest silver and the fourth gold producer in Russia.
It produced 17.2 million ounces of silver and 285,000 ounces of gold in 2008.
Polymetal owns gold and silver mines and carries out exploration activities in four regions of Russia (the Magadan Region
Magadan Oblast
Magadan Oblast is a federal subject of Russia in the Far Eastern Federal District. Its administrative center is the city of Magadan....
, the Khabarovsk Territory
Khabarovsk Krai
Khabarovsk Krai is a federal subject of Russia , located in the Russian Far East. It lies mostly in the basin of the lower Amur River, but also occupies a vast mountainous area along the coastline of the Sea of Okhotsk, an arm of the Pacific Ocean. The administrative center of the krai is the...
, the Sverdlovsk Region
Sverdlovsk Oblast
Sverdlovsk Oblast is a federal subject of Russia located in the Urals Federal District. Its administrative center is the city of Yekaterinburg formerly known as Sverdlovsk. Population: -Geography:...
and the Chukotka Autonomous Okrug
Chukotka Autonomous Okrug
Chukotka Autonomous Okrug , or Chukotka , is a federal subject of Russia located in the Russian Far East.Chukotka has a population of 53,824 according to the 2002 Census, and a surface area of . The principal town and the administrative center is Anadyr...
) and in Kazakhstan
Kazakhstan
Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...
.
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
Saint Petersburg
Saint Petersburg is a city and a federal subject of Russia located on the Neva River at the head of the Gulf of Finland on the Baltic Sea...
and its listed on Moscow Stock Exchange and London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
.