Petropavlovsk

Following the results of 2018, the credit rating of Petropavlovsk may be revised

The largest shareholder of Petropavlovsk Kenes Rakishev (22.5%) made this comment regarding the downgrade of the credit rating of GC Petropavlovsk, which conducts industrial development of gold dep

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In January-June, Russia increased gold production by 2.6%

In the first six months of 2018, Russian enterprises produced 128.141 tons of gold, mined and obtained as a result of associated production, including processing of scrap and waste, as

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Fitch downgrades Petropavlpvsk's rating to CCC from B-

International rating agency Fitch has downgraded long-term issuer default rating (IDR) of Petropavlovsk to CCC from B -, it follows from the message of the agency.

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In H1, Petropavlovsk reduced gold production by 13%

In the first six months of 2018, Petropavlovsk Plc (Petropavlovsk Group) reduced gold production by 13% to 201.400 thousand ounces (6.26 tons) compared to the same period in 2017, as it follows fro

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Petropavlovsk plans to complete the autoclave complex for extracting gold from the resistant ores in late 2018.

In the Amur region gold production will increase by 10 tons per year. This will be possible after a new plant is put into operation in the Magdagachinsk district at the end of this year.

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In H1, 9.7 tons of gold produced in Amur region

On the territory of the Amur region in January-June 2018, subsoil users produced 9 734.4 kg of gold. Compared to the same period in 2017, the production decreased by 12.5 %.

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Pavel Maslovskiy plans to buy up to 10% stake in Petropavlovsk.

The co-founder of the company will again become a shareholder, and will also take the post of general director.

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Pavel Maslovskiy is against selling the Petropavlovsk autoclave.

According to the newly elected member of the board of directors, the sale of the asset now does not make sense.

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S&P downgrades rating of Petropavlovsk and places it on review

The International rating agency S&P Global Ratings (S&P) has downgraded the long-term ratings of the gold mining company Petropavlovsk in national and foreign currencies to "B-" f

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Polymetal is ready to buy autoclave from Petropavlovsk for $250 mln

Polymetal Int (combines the assets of Polymetal) is ready to buy from Petropavlovsk Plc an autoclave (POX) for $250 million, the Kommersant writes with reference to its own sources.

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