Petropavlovsk sells its placer deposits in Kolyma for $25 million

Petropavlovsk Plc. has signed an agreement with Susumanzoloto Plc. (the Magadan Region) about selling its 76.62% in Berelekh Plc. dealing with the development of placer gold deposits in Kolyma, the gold mining company reports.

The amount of the transaction makes up $25 million. The company is going to obtain the approval of FAS and the shareholders. The funds obtained will be spent on the reduction of debt.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer