2 Apr 2024 15:38

Polymetal appoints four new vice presidents

MOSCOW. April 2 (Interfax) - Polymetal has appointed four new vice presidents, the gold and silver miner said.

Polymetal said that Valery Yegorov, who was previously technical director at Kyzyl, Polymetal's asset in Kazakhstan, has been appointed vice president for production.

Yuri Zhukel, who previously headed the construction and commissioning of the new enrichment plant at Vorontsovsky, Krasnoturinsk-Polymetal, a subsidiary of the recently sold Polymetal business in Russia, has been appointed vice president for construction.

Roman Selivanov, who previously headed the geological exploration division of the Ural branch, has been appointed vice president for mineral resources.

Seilkhan Abilkhanov, who was previously deputy director for legal affairs at JSC ArcelorMittal Temirtau after heading the department for legal support of mineral resources management at Kazakhmys, has been appointed vice president for legal affairs.

"The natural first step after selling the Russian business is to create a solid, focused and motivated management team at our head office in Astana. The appointment of four new vice presidents will allow us to advance our independent strategy in Central Asia successfully," Polymetal CEO Vitaly Nesis said in a statement about the new appointments.

Polymetal remains the second largest gold producer in Kazakhstan following the sale of the Russian business. The company's assets include the respective Kyzyl and Varvarinskoye operating mines, as well as the Irtysh mining and metals development project. Polymetal's largest shareholder is a consortium of Omani investors led by the Omani government-owned fund Mercury Investments International with a 23.9% stake.