MOSCOW, January 31. /TASS/. Polymetal is going to sell Russian assets by March 2024 and the company is proceeding as planned, CEO of the mining company Vitaly Nesis said at a teleconference with investors.
"Yes, this is our current plan. It is feasible," the chief executive said, answering a question whether Russian assets could be sold by the end of this March.
Negotiations are being held with one prospective buyer from Russia and the company is not considering persons affected by Western sanctions, Nesis noted. "We are holding talks with a single potential buyer," he informed. "Also, as regards the number of potential buyers, the Board of Directors resolved not to consider the buyers that are under any Western sanctions," the chief executive said.
"The potential buyer is from Russia. We also had an active [negotiating] process with a Chinese [partner] but later understood that Russian assets should be acquired by the Russian side," Nesis added.
On May 19, 2023, the US Treasury included the Russian entity of Polymetal into the sanction list.
Polymetal is among the top ten gold miners and top five silver miners globally.