Petropavlovsk plc

Petropavlovsk plc (formerly Peter Hambro Mining plc) is a London-based gold mining company with operations in Russia. The company is listed on the London Stock Exchange.

History

The group was founded by Peter Hambro and Pavel Maslovskiy in 1994 as an Anglo-Russian venture to develop a highly-prospective, under-developed gold project in the Amur region, Russian far east.[3]

In 2002, the company was first listed on the Alternative Investment Market.[4] Peter Hambro Mining fully acquired Aricom, a business formed by Peter Hambro and Pavel Maslovskiy and operating in the Amur Region, in April 2009.[5] It was also first fully listed on the

Operations

Mines

The Group's principal assets are four hard-rock gold mines in the Amur region, Russian far east:[23]

Pioneer

Pioneer is the Group’s largest mine and one of the largest gold mines in the Russian far east. The Group acquired a licence to explore, develop and mine the Pioneer deposit in 2001. The mine was commissioned in April 2008 with the installation of a 0.7Mtpa milling line. Since then, the plant has undergone further expansion to reach the current capacity of 6.6Mtpa. The mine still remains highly prospective as new licence areas surrounding the original mine site are still being explored.[24]

Pokrovskiy

Pokrovskiy is an open-pit gold mine located in the western part of the Amur region, approximately 10 km from the nearest station on the Trans-Siberian Railway and 35 km from Pioneer. It is one of the largest producing gold mines in the Amur region by annual production. The group acquired the licence to explore, develop and mine the Pokrovskiy deposit in 1994, when it was still at a very early stage of development. The mine became operational five years later in 1999, when heap-leaching facilities were added. The RIP processing plant was commissioned in 2002 and subsequently expanded to its current capacity of 1.7Mtpa in 2004. To date, the Pokrovskiy mine has produced over 1.6Moz of gold. The mine is the site of the Group's pressure oxidation ("POX") processing hub.[25]

Malomir

Malomir is the group's first large-scale mine located in the north-east of the Amur region. Acquired in 2003 as a greenfield site, Malomir was commissioned on target in 2010 and the plant was expanded in July that year, despite the project's remote location.[26]

Albyn

The Albyn licence area was acquired in 2005 as a greenfield site and was commissioned on target in November 2011.[27] Albyn remains one of the group's most prospective projects, with exploration continuing to yield positive results.[28]

type	Public company (lse: POG mcx: POGR) FTSE 250 component
foundation	1994
location	Listed in London, England. Operates in Russia
key people	James Cameron Jr (Chairman) Denis Alexandrov (CEO)‡R1R‡
industry	Gold mining
products	Gold
revenue	$ 988.5 million (2020)‡R2R‡
operating income	$ 148.0 million (2020)‡R2R‡
net income	$ (48.9) million (2020)‡R2R‡
assets	$ 1,731.0 million (2020)‡R2R‡
equity	$ 671.6 million (2020)‡R2R‡
subsid	IRC Limited
homepage	www. petropavlovsk.net

History

Operations

Mines

Pioneer

Pokrovskiy

Malomir

Albyn

Pioneer

Pokrovskiy

Malomir

Albyn

Training

Carbon footprint

References