https://www.miningweekly.com

Russian gold miner UGC invests in Petropavlovsk

10th February 2020

By: Creamer Media Reporter

     

Font size: - +

Russian gold miner Petropavlovsk has a new major shareholder, Uzhuralzoloto Group of Companies (UGC) – a privately owned business that ranks as one of Russia’s top five gold producers.

Petropavlovsk CEO Pavel Maslovskiy says UGC president and founder Konstantin Strukov’s decision to invest in the company was a “strong endorsement” of its strategy and operational success, given that UGC was well respected in the Russian gold mining industry for its operating capabilities.

“We are confident that our ambition of becoming a leader in the mining and processing of refractory gold ores in Russia is supported by both Mr Strukhov and the company he founded, and we look forward to exploring the potential for future cooperation. . . ,” said Maslovskiy.

The group recently entered a new era of growth following the successful commissioning and startup of its flagship asset, the Pressure Oxidation (POX) Hub at Pokrovskiy, which enables the processing of the company's abundant refractory reserves and resources.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 1.075s - 110pq - 2rq
Subscribe Now