Polymetal increases its assets
Edited by Rhod Mackenzie / 2014-07-17 05:30:04
Kazakhstan Metals and mining Russia Kazakhstan Metals and Mining Russia Metals and Mining Polymetal Gold
Polymetal, one of the largest Russian gold mining companies, will convene an extraordinary meeting of shareholders on August 14th to consider the purchase of gold ore project of Kyzyl in Kazakhstan, the RIA Novosti reports, referring to the company.
The Kyzyl project belongs to holding company Altynalmas Gold Ltd, owned by Sumeru Gold B.V. and Sumeru LLP. At the end of May, Polymetal reported about the purchase of Altynalmas Gold Ltd for $618.5 million. As the Kommersant wrote, the final owner of Altynalmas is member of the Gazprom’s Board of Directors, the Kazakh businessman and politician Timur Kulibaev, husband of one of the Kazakh President Nursultan Nazarbaev’s daughters.
