London — Russia’s second-largest gold producer, Polymetal, has become the first company in the country’s metals and mining sector to secure a Green Loan finance facility, which it will allocate to projects designed to ensure lower emissions, more responsible waste management, and efficient use of resources. Polymetal has agreed to the $125 million Green Loan with ... 
Polymetal first to secure green loan among Russian metals, mining peers
Anastasia Bogdanova | November 5, 2020
London — Russia’s second-largest gold producer, Polymetal, has become the first company in the country’s metals and mining sector to secure a Green Loan finance facility, which it will allocate to projects designed to ensure lower emissions, more responsible waste management, and efficient use of resources. Polymetal has agreed to the $125 million Green Loan with ... 
Polymetal International plc (LON:POLY) has announced that its associate ThreeArc Mining Ltd has completed an initial Mineral Resource estimate in accordance with the JORC Code for the Buranny area of Tomtor niobium and rare-earth metals project. HIGHLIGHTS According to the JORC-compliant statement, Mineral Resources as at 31 December 2019 comprise 13.2 Mt of ore available for open-pit mining at 5.9% Nb2O5+15% ... 
The third season of the competition for junior projects organised by Polymetal has started Polymetal holds a competition for junior exploration companies for the third time. The purpose of the competition is to identify projects of practical interest to the company. “First of all, we are interested in projects to expand the mineral resource base ... 
(Alliance News) – FTSE 100 gold miner Polymetal International PLC has bought a stake in a rare earth metal producer, it said on Thursday. Polymetal has spent USD20 million for 9.1% in ThreeArc Mining Ltd, which owns the Tomtor niobium and rare earth metals project in the north-west of Yakutia region, Russia. ThreeArc will use ... 
MOSCOW – Polymetal, one of Russia’s largest gold and silver producers, said on Wednesday its 2019 net earnings rose 36% to a record high of $483-million due to stronger global gold prices and higher output. The spread of the coronavirus this year has driven a further jump in gold prices with spot gold in London ... 
➤ Russian gold-silver producer Polymetal International PLC looks for greater exposure to “the green economy” through platinum group metals and rare earths projects as it moves toward reporting Scope 3 greenhouse gas emissions. ➤ CFO Maxim Nazimok believes that Russia could diversify rare earth metals supply away from China. The group of 17 metals is ... 
Russian miner Polymetal reported a twofold increase in reserves at its Kutyn gold project to 800,000 ounces after a geological update, as the company looked for a buyer or partner. The company said its updated open-pit ore reserves estimate at October 1, 2019 comprised 8.4m tonnes of ore with an average grade of 3 grammes per tonne ... 
Polymetal, one of Russia’s largest gold and silver producers, is in talks with European banks on “green” project financing, CEO Vitaly Nesis told Reuters on Thursday, adding that a deal could be reached in the second half of 2020. The agreement may involve four of Polymetal’s projects such as the construction of a solar power ... 
Mining is vital. A real business, real profits Most people would crack open the champagne on the news their company has broken back into the FTSE 100. Or in Vitaly Nesis’ case, perhaps a little vodka. Not so, says the chief executive of Russian gold miner Polymetal. “I don’t think there’s any novelty left. It’s ... 
Polymetal formed a partnership with a company associated with Mineral Exploration Network (Finland) Ltd (“MEN”) for early-stage exploration in the Chaunsk region of Chukotka, Russia. “Our strategy of working with junior explorers is gaining momentum”, said Vitaly Nesis, Group CEO of Polymetal. “MEN has extensive and varied experience in using advanced state-of-the-art methods of prospecting ... 
Russia’s trade and industry ministry is considering a temporary ban on the export of precious metals scrap and tailings, the ministry said, to promote domestic refining of the materials. The proposed ban would last from May 1 to Oct. 31 this year, the Kommersant newspaper reported earlier, citing ministry documents. Russian precious metal refining facilities ... 
Polymetal’s FTSE4Good ESG rating has improved and the company is now among the 7% of the most highly ranked listed companies in the sector. Polymetal has also become a top responder to the Carbon Disclosure Project among Russian companies. “We are proud to have our approach to transparency highlighted as best practice by leading ranking ...