Siman Povarenkin is an Armenian entrepreneur with investments in metals & mining,

geophysics Geophysics () is a subject of natural science concerned with the physical processes and physical properties of the Earth and its surrounding space environment, and the use of quantitative methods for their analysis. The term ''geophysics'' som ...

and medical and health technology in Asia, Europe and Latin America. Povarenkin graduated from the

Omsk State University Dostoevsky Omsk State University (Омский государственный университет им. Ф. М. Достоевского), usually referred to as Omsk State University (Омский государственный универ� ...

with a degree in

Chemistry Chemistry is the science, scientific study of the properties and behavior of matter. It is a natural science that covers the Chemical element, elements that make up matter to the chemical compound, compounds made of atoms, molecules and ions ...

and Petroleum Chemicals. In addition, he has completed courses in finance and banking at the Academy of Economics in

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...

, Bank Tutors Institute in

Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , "Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its na ...

, and the Intellectual Fund in

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

. Povarenkin has over 15 years of corporate management experience in banking and industrial sectors. Previously he was Chairman of the Board of Industrial Investors Group, FESCO, Russian Industrial Bank and First Vice President, Head of Investment Management Business at Incombank. He served as director of Far Eastern Shipping Company Plc from June 5, 2007 to December 2008. He serves as Non-Executive Director of Saddleback Corporation Ltd.

GeoProMining

One of Povarenkin’s substantial investments was in GeoProMining (GPM), an international gold and copper

mining company This is an incomplete alphabetical list of mining companies. A * Adex Mining * Aditya Birla Group * African Rainbow Minerals * Agnico Eagle * Aiteo * Alumina * Anaconda Copper * Anglo American (mining) * Anglo Platinum * AngloGold Ashanti * ...

with operations in

Russia Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

and

Armenia Armenia (), , group=pron officially the Republic of Armenia,, is a landlocked country in the Armenian Highlands of Western Asia.The UNbr>classification of world regions places Armenia in Western Asia; the CIA World Factbook , , and ''Ox ...

. He has previously served as Chairman of the Board of GPM, and is currently a member of Board of Directors and the Remuneration Committee. In 2005, along with business partner at the time Sergey Generalov, he purchased one of the largest mining companies in Georgia, consisting of the Madneuli mine and its subsidiary Quartzite. This was to become the first production asset of GeoProMining. In 2007, the two divided up the assets of their shared investment vehicle Industrial Investors, with Povarenkin becoming the majority shareholder of GeoProMining. He subsequently expanded GPM further, acquiring various mining assets in the

Caucasus region The Caucasus () or Caucasia (), is a region between the Black Sea and the Caspian Sea, mainly comprising Armenia, Azerbaijan, Georgia, and parts of Southern Russia. The Caucasus Mountains, including the Greater Caucasus range, have historically ...

. In 2012 the firm sold its assets in Georgia.

GPM Asia

Another mining project of Mr Povarenkin is GPM Asia. GPM Asia is not a part of GeoProMining Group. In 2009 GPM Asia acquired mining and processing operations located in Binh Thuan province in the south-east of

Vietnam Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...

. Key products are

mineral sands Heavy mineral sands are a class of ore deposit which is an important source of zirconium, titanium, thorium, tungsten, rare-earth elements, the industrial minerals diamond, sapphire, garnet, and occasionally precious metals or gemstones. Heavy m ...

zircon Zircon () is a mineral belonging to the group of nesosilicates and is a source of the metal zirconium. Its chemical name is zirconium(IV) silicate, and its corresponding chemical formula is Zr SiO4. An empirical formula showing some of the r ...

and titanium dioxide minerals in the form of

ilmenite Ilmenite is a titanium-iron oxide mineral with the idealized formula . It is a weakly magnetic black or steel-gray solid. Ilmenite is the most important ore of titanium and the main source of titanium dioxide, which is used in paints, printing ...

rutile Rutile is an oxide mineral composed of titanium dioxide (TiO2), the most common natural form of TiO2. Rarer Polymorphism (materials science), polymorphs of TiO2 are known, including anatase, akaogiite, and brookite. Rutile has one of the highest ...

and

monazite Monazite is a primarily reddish-brown phosphate mineral that contains rare-earth elements. Due to variability in composition, monazite is considered a group of minerals. The most common species of the group is monazite-(Ce), that is, the cerium- ...

. Mineral sands produced by GPM Asia are certified by

SGS SGS may refer to: Acronym usage * ISO 639-3 code for the Samogitian dialect * ISO 3166 trigram for South Georgia and the South Sandwich Islands * FAA location identifier for South St. Paul Municipal Airport Companies and organizations * SGS Essen ...

. The company is looking into expanding its operations in the region.

Personal life

Povarenkin has a passion for

European European, or Europeans, or Europeneans, may refer to: In general * ''European'', an adjective referring to something of, from, or related to Europe ** Ethnic groups in Europe ** Demographics of Europe ** European cuisine, the cuisines of Europe ...

and

Russian art Russian culture (russian: Культура России, Kul'tura Rossii) has been formed by the nation's history, its geographical location and its vast expanse, religious and social traditions, and Western influence. Russian writers and ph ...

, which influenced him to purchase the 19th-century chateau in

Normandy Normandy (; french: link=no, Normandie ; nrf, Normaundie, Nouormandie ; from Old French , plural of ''Normant'', originally from the word for "northman" in several Scandinavian languages) is a geographical and cultural region in Northwestern ...

(France), which was previously owned by Yves Saint Laurent. Povarenkin is also a patron of theatrical arts and currently supports the theatre project Kvartet I which is based in

. He is a noted

gastronome Gastronomy is the study of the relationship between food and culture, the art of preparing and serving rich or delicate and appetizing food, the cooking styles of particular regions, and the science of good eating. One who is well versed in gast ...

with a great interest in foods from around the world, and has studied the

culinary arts Culinary arts are the cuisine arts of food preparation, cooking and presentation of food, usually in the form of meals. People working in this field – especially in establishments such as restaurants – are commonly called chefs or ...

from regions ranging from

Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...

South East Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical south-eastern region of Asia, consisting of the regions that are situated south of mainland ...

References

External links

geopromining.com

{{DEFAULTSORT:Povaarenkin, Siman 1969 births Living people Povarenkin Russian businesspeople in the United Kingdom