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Bulletin of EastRussia: Pavel Maslovsky can return to Petropavlovsk group - EastRussia | Far East

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Bulletin of EastRussia: Pavel Maslovsky may return to the group Petropavlovsk

Bulletin of EastRussia: Pavel Maslovsky may return to the group Petropavlovsk
Photo: EastRussia
Petropavlovsk, the leading gold miner in the Amur Region (Pokrovsky Mine, Pioneer, Malomyr and Albin), may return to the gold mining company of Petropavlovsk, one of its founders, Pavel Maslovsky, says the next published issue of the EastRussia bulletin.

Kazakhstan businessman Kenes Rakishev, who acquired 2017% of the company from the structures of Viktor Vekselberg at the end of 22,42, announced his intention to return Pavel Maslovsky, who left the company last July, as its general director.

The founders Pavel Maslovsky and the British Peter Hambro left the company because of disagreements with the new major shareholder, the Renova group of V. Vekselberg, who opposed re-election to the board of directors P. Hambro and three independent candidates and offered their candidacies. K. Rakishev believes that P. Maslovsky should complete the project of building an autoclave for the stubborn ores in the Amur Region, which already has $ 216 million invested (the remaining capital costs are estimated at $ 63 million). The launch of autoclave production is planned for the end of 2018 year.

At the same time, the new shareholder does not yet consider the possibility of returning to the company P. Hambro and plans to enter the company's board of directors independently, or appoint a representative. In the near future, he also intends to discuss with his board members and other shareholders his proposals related primarily to consideration of possible acquisitions in Russia and Central Asia. Nevertheless, no new concrete goals and changes in the company's strategy are reported.

A detailed analysis of this and other relevant topics can be found in the weekly bulletin EastRussia (https://www.eastrussia.ru/subscribe/).