(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 ... 
Polymetal Picks Up 9.1% Stake In Russian Rare Earth Element Project
Anastasia Bogdanova | March 20, 2020 (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 ... 
Polymetal to shun M&A in 2019, focus on asset sales Russian gold and silver producer Polymetal said on Thursday it will focus on asset sales in 2019 rather than getting involved in industry consolidation. “The pressure from at least some of our shareholders has been to grow smaller or to grow more focused to reduce ... 
Russian gold and silver producer Polymetal reported on Thursday an 11% rise in fourth quarter revenue, compared to a year earlier, on record high production following a full ramp-up at its mine in Kazakhstan. The London-listed firm, part-owned by businessman Alexander Nesis, launched the Kyzyl mine in Kazakhstanin 2018 and shortly after began construction at its new Nezhda gold mine in Siberia, which will contribute to its dividends in 2022. ... 
Russian gold and silver producer Polymetal has begun construction at its new Nezhda gold mine in eastern Siberia, which will contribute to its dividends in 2022, it said on Monday. The London-listed firm, part-owned by businessman Alexander Nesis, is starting this new project with pre-production capital expenditures estimated at $234 million a few months after ...