Polymetal and EBRD came to an agreement regarding the $140-million loan for the Kyzyl project

MINEX FORUM | June 23, 2017
img0 Precious metals miner Polymetal has secured a $140-million loan to finance the remaining capital expenditure for its Kyzyl project, paving the way for operations at the 300 000 oz/y Kazakhstan gold mine to start in the third quarter of 2018. The loan agreement with the European Bank of Reconstruction and Development (EBRD) has a five-year ...

Polymetal buys additional 25% stake in Dolinnoye mine

MINEX FORUM | June 1, 2017
img0 Russian gold and silver miner Polymetal has increased its interest in the Dolinnoye gold property in Kazakhstan to 50%, after paying $1.6-million for an additional 25% stake, miningweekly.com noted with reference to the company’s release. The transaction completes an earn-in agreement between Polymetal and its partner on the property, which is set to feed its Varvara ...

Scandium consumption: is it possible to increase?

MINEX Forum | August 24, 2016
img0 Scandium is generating interest as a potential breakthrough mineral, particularly in the aircraft industry where it can be alloyed with aluminium to increase strength and corrosion-resistance. Mining-technology.com tries to research, can the world  mine more than 20 tonnes of scandium annually?   Scandium can be found in many rare earth and uranium deposits but in ...

Mining future is formed by Chinese policy movements

MINEX Forum | August 18, 2016
img0 Image: http://www.rfa.org/ Because of this China and its demand still remains at the heart of the global resources industry. China once consumed 60 per cent of all seaborne iron ore, and despite its waning appetite it still has the largest influence on many metals due to its overwhelming demand for raw materials – relative to other nations. ...

Polymetal completes acquisition of Komarovskoye deposit in Kazakhstan

MINEX Forum | August 2, 2016
img0 Image: metalmininginfo.kz Polymetal International plc announced the completion of the acquisition of Orion Minerals LLP (“Orion”), the holding company for the Komarovskoye Gold Deposit (“Komarovskoye”) in the Republic of Kazakhstan, from Kazzinc LTD, a subsidiary of Glencore plc. The acquisition of Komarovskoye was completed on 1 August 2016, following receipt of all required regulatory approvals. The ...