Polymetal: POX-2 autoclave installation (1119221)
17 Agosto 2020 - 1:00AM
UK Regulatory
Polymetal International plc (POLY)
Polymetal: POX-2 autoclave installation
17-Aug-2020 / 09:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Release time IMMEDIATE LSE, MOEX, AIX: POLY / ADR: AUCOY
Date 17 August 2020
*Polymetal International plc*
POX-2 autoclave installation
Polymetal is pleased to announce that the autoclave vessel has been
installed at the POX-2 construction site on schedule.
"The installation of the autoclave vessel is a crucial project milestone. We
accomplished it on time despite the COVID-related restrictions and complex
logistics. It marks our consistent progress towards start-up in Q3 2023",
said Vitaly Nesis, Group CEO of Polymetal.
The autoclave was assembled by COEK ENGINEERING in Belgium. It has the
length of 50 m, diameter of 6 m, weighs 1,100 tons and is the largest in the
gold industry globally. The vessel is made of steel and has a titanium
lining. It will operate at the temperature of up to 240 ?? and pressure of
45 bar, which is the most effective regime for treating double-refractory
concentrates.
The shipment of the autoclave has taken 55 days and 25 thousand km. It
departed from the port of Antwerp, Belgium, in late May and sailed to the
Russian port of De Kastri in the Tatar Straights. There it was reloaded to a
river barge and shipped to the city of Amursk. It was then transported to
the POX-2 construction site by a multi-axle trailer truck. The total cost of
the equipment and logistics amounted to approximately US$ 27 million.
The latest pictures of the installed autoclave are available on our website
at the link
https://www.polymetalinternational.com/en/investors-and-media/gallery/ [1].
About Polymetal
Polymetal International plc (together with its subsidiaries - "Polymetal",
the "Company", or the "Group") is a top-10 global gold producer and top-5
global silver producer with assets in Russia and Kazakhstan. The Company
combines strong growth with a robust dividend yield.
Enquiries
*Media* *Investor Relations*
FTI +44 20 3727 Polymetal ir@polymetalinternational.com
Consulting 1000
Evgeny +44 20 7887 1475 (UK)
Leonid Fink Monakhov
Viktor Timofey
Pomichal Kulakov
+7 812 334 3666 (Russia)
Kirill
Kuznetsov
*Joint Corporate Brokers*
Morgan +44 20 7425 RBC Europe +44 20 7653 4000
Stanley & Co. 8000 Limited
International
plc
Marcus
Jackson
Andrew Foster
Jamil Miah
Richard Brown
Panmure
Gordon
James Stearns
+44 20 7886
2500
Forward-looking statements
This release may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements speak only as
at the date of this release. These forward-looking statements can be
identified by the use of forward-looking terminology, including the words
"targets", "believes", "expects", "aims", "intends", "will", "may",
"anticipates", "would", "could" or "should" or similar expressions or, in
each case their negative or other variations or by discussion of strategies,
plans, objectives, goals, future events or intentions. These forward-looking
statements all include matters that are not historical facts. By their
nature, such forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond the company's control that
could cause the actual results, performance or achievements of the company
to be materially different from future results, performance or achievements
expressed or implied by such forward-looking statements. Such
forward-looking statements are based on numerous assumptions regarding the
company's present and future business strategies and the environment in
which the company will operate in the future. Forward-looking statements are
not guarantees of future performance. There are many factors that could
cause the company's actual results, performance or achievements to differ
materially from those expressed in such forward-looking statements. The
company expressly disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward-looking statements contained herein to
reflect any change in the company's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statements
are based.
ISIN: JE00B6T5S470
Category Code: MSCM
TIDM: POLY
Sequence No.: 82214
EQS News ID: 1119221
End of Announcement EQS News Service
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(END) Dow Jones Newswires
August 17, 2020 02:00 ET (06:00 GMT)
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