Polymetal’s Russia assets attracts interest from Russian miners, Chinese investors

Gold and silver producer Polymetal International has attracted interest from various parties, including Russian miners and Chinese investors, for the acquisition of its Russian assets. The company had initially considered spinning off its Russian business but decided on a sale due to complications arising from US sanctions imposed on its Russian assets. Polymetal’s CEO, Vitaly Nesis, indicated that a sale is now the most viable option and aims to complete the process within the next six to nine months.

The sale process might face challenges, including regulatory requirements and foreign asset sales restrictions in Russia. The competition regulator and other factors might influence the sale, making the process more complex.

The US sanctions targeting Polymetal’s Russian business, along with other gold producers, were imposed as a response to Russia’s actions in Ukraine. Russian and Chinese companies, particularly from the mining sector, are reportedly among the potential bidders for Polymetal’s Russian unit.

While there have been speculations about interested parties, including Russian gold producer Polyus and entities controlled by various individuals, Polymetal has not confirmed any specific buyer at this time. The company spokesperson refrained from commenting on market rumors.

Despite concerns about potential government interference in business operations, Nesis expressed his belief that the Russian authorities would not seize Polymetal’s assets as they have done with companies like Danone and Carlsberg in recent times.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

June services PMI reveals China’s slowest expansion in eight months

China’s services activity expanded at its slowest pace in eight months, with confidence hitting a four-year low in June. This slowdown, highlighted by a private-sector survey on Wednesday, indicates the need for increased economic stimulus. The Caixin/S&P Global services purchasing managers’ index (PMI) decreased to 51.2…

Corporate earnings reveal deepening fault lines in Trump’s global trade war

The global corporate earnings season has revealed a stark and widening fault line caused by President Donald Trump’s sweeping trade war. Businesses across a broad range of industries — from consumer goods to airlines, automakers to pharmaceutical companies — are warning of rising costs, growing operational uncertainty, and faltering consumer sentiment as tariffs and trade tensions ripple through the global economy.

Procter & Gamble, PepsiCo, Thermo Fisher Scientific, and American Airlines were among the major firms on Thursday to either cut profit forecasts or withdraw financial guidance entirely. Their earnings reports paint a clear picture: Trump’s tariffs are upending supply chains and sowing strategic confusion in boardrooms.

Slovakia’s first F-16s rolled out by Lockheed Martin

Lockheed Martin has rolled out the first F-16C Block 70 Fighting Falcon multirole combat aircraft for Slovakia, marking a significant milestone in the country’s efforts to modernize its air force.

Stay informed

error: Content is protected !!