News: OAO "Polimetall" (PMTL.MM)
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Wed, Jul 23 2008
Russian miner Polymetal boosts H1 revenue 88 pct
MOSCOW, July 23 (Reuters) - Russian miner Polymetal boosted first-half revenue by 88 percent to $258 million on higher precious metal prices and the elimination of its hedge position on silver sales, the company said on Wednesday. Polymetal said in a statement gold production rose 20 percent year-on-year to 136,000 ounces in the first six months of 2008. Silver sales rose 11 percent to 8.8 million ounces.
UPDATE 2-Three investors buy 68 pct of Russia's Polymetal
MOSCOW, June 16 (Reuters) - Suleiman Kerimov, Russia's eighth-richest man, sold 68 percent of precious metals miner Polymetal in a $2 billion deal transferring ownership to two Russian businessmen and Czech investment firm PPF Group.
Russian businessmen, Czech PPF acquire Polymetal
MOSCOW, June 16 (Reuters) - Polymetal , Russia's largest silver miner, said on Monday that a controlling stake in the company had been transferred to businessmen Alexander Nesis, Alexander Mamut and Czech investment fund PPF. The stake was sold by Aniketa Investments Ltd, which is controlled by Russian billionaire Suleiman Kerimov. Polymetal had previously said it was aware its owner was in talks to sell control of the company. (Reporting by Robin Paxton, Editing by Dmitry Zhdan
Russia Polymetal Q1 2008 gold, silver output up
MOSCOW, April 21 (Reuters) - Polymetal , Russia's top silver miner, said on Monday its output of the metal rose by 32 percent in the first quarter of 2008 to 4.7 million ounces due to improved ore grades and increased ore extraction.





