PJSC Polyus (russian: ПАО "Полюс") is a Russian

gold mining Gold mining is the extraction of gold resources by mining. Historically, mining gold from alluvial deposits used manual separation processes, such as gold panning. However, with the expansion of gold mining to ores that are not on the surface, ...

company. It is the largest gold producer in Russia and one of the top 10 gold mining companies globally by output (2.84 million ounces of gold production in 2019).PJSC POLYUS TRADING UPDATE FOR 4Q and 2019
/ref> It is headquartered 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 millio ...

and is listed on both the Moscow and London Stock Exchanges. Polyus’ main assets are located in

Eastern Siberia Siberia ( ; rus, Сибирь, r=Sibir', p=sʲɪˈbʲirʲ, a=Ru-Сибирь.ogg) is an extensive geographical region, constituting all of North Asia, from the Ural Mountains in the west to the Pacific Ocean in the east. It has been a part of ...

and the

Russian Far East The Russian Far East (russian: Дальний Восток России, r=Dal'niy Vostok Rossii, p=ˈdalʲnʲɪj vɐˈstok rɐˈsʲiɪ) is a region in Northeast Asia. It is the easternmost part of Russia and the Asian continent; and is admin ...

- in the regions of

Krasnoyarsk Krai Krasnoyarsk Krai ( rus, Красноя́рский край, r=Krasnoyarskiy kray, p=krəsnɐˈjarskʲɪj ˈkraj) is a federal subject of Russia (a krai), with its administrative center in the city of Krasnoyarsk, the third-largest city in Si ...

Irkutsk Oblast Irkutsk Oblast (russian: Ирку́тская о́бласть, Irkutskaya oblast; bua, Эрхүү можо, Erkhüü mojo) is a federal subject of Russia (an oblast), located in southeastern Siberia in the basins of the Angara, Lena, and N ...

, Magadan Oblast and the Republic of Sakha. The company is controlled by Said Kerimov, son of Russian billionaire and politician,

Suleyman Kerimov Suleyman Abusaidovich Kerimov (russian: Сулейма́н Абусаи́дович Кери́мов, p=sʊlʲɪjˈman ɐbʊsɐˈidəvʲɪtɕ kʲɪˈrʲiməf; lez, Керимрин Абусаидан хва Сулейман; born 12 March 1966) ...

History

Polyus was founded as Polyus Gold (russian: Полюс Золото) in March 2006, as a result of a spin-off from the gold assets of

Norilsk Nickel Norilsk Nickel (russian: ГМК «Норильский никель»), or Nornickel, is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the no ...

. In May 2006, shares of Polyus Gold were admitted to listing and trading on the Russian stock exchanges

RTS RTS may refer to: Medicine * Rape trauma syndrome, the psychological trauma experienced by a rape victim * Revised Trauma Score, a system to evaluate injuries secondary to violent trauma * Rubinstein–Taybi syndrome, a condition characterized by ...

and

MICEX The Moscow Interbank Currency Exchange (russian: Московская межбанковская валютная биржа) or MICEX (russian: ММВБ) was a stock exchange that operated in Russia from 1992 to 2011. MICEX was the leading Russi ...

(both of these later merged to form the

Moscow Exchange The Moscow Exchange (MOEX; rus, Московская биржа, r=Moskovskaya birzha, p=mɐˈskofskəjə ˈbʲirʐə, a=) is the largest exchange in Russia, operating trading markets in equities, bonds, derivatives, the foreign exchange market, ...

). In December 2006, ADRs of Polyus Gold were listed and admitted to trading on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

. In 2009, the businessman

bought a 37% stake in Polyus Gold from

Vladimir Potanin Vladimir Olegovich Potanin (russian: Владимир Олегович Потанин; born 3 January 1961) is a Russian billionaire businessman. He acquired his wealth notably through the controversial loans-for-shares program in Russia in ...

. In 2015, the family of Suleyman Kerimov acquired 59% of Polyus Gold International Ltd (the parent holding company of Polyus Gold) and became the controlling shareholder of Polyus Gold. On 3 December 2015, Polyus Gold International Limited announced the delisting of its shares from the London Stock Exchange. In 2016, Polyus Gold changed its name to ''Polyus''. In June 2017, Polyus’s shares were re-admitted to trading on the London Stock Exchange. In April 2019, Polyus sold a 3.84% stake worth US$390 million in a

secondary public offering A secondary market offering, according to the U.S. Financial Industry Regulatory Authority (FINRA), is a registered offering of a large block of a security that has been previously issued to the public. The blocks being offered may have been held b ...

on the

Moscow Stock Exchange The Moscow Exchange (MOEX; rus, Московская биржа, r=Moskovskaya birzha, p=mɐˈskofskəjə ˈbʲirʐə, a=) is the largest exchange in Russia, operating trading markets in equities, bonds, derivatives, the foreign exchange market ...

Operations

Polyus holds the world’s third largest gold reserves with 64.4 million ounces of proven and probable gold reserves, and the second largest mineral resource base globally with 193 ounces of gold.

Operating mines

Development and exploration

* Sukhoi Log: one of the world’s largest gold greenfield projects. Estimated gold reserves are 962 mt of ore, grading 2.1 g/t gold for 63 moz of contained gold. * Other deposits in

Amur Oblast Amur Oblast ( rus, Аму́рская о́бласть, r=Amurskaya oblast, p=ɐˈmurskəjə ˈobləsʲtʲ) is a federal subject of Russia (an oblast), located on the banks of the Amur and Zeya Rivers in the Russian Far East. The administrat ...

and

Ownership

Main owner as of 2021: Said Kerimov (76.34% of shares). 21.85% of shares are in free circulation, 1.03% belong to the company's managemen

In 2022 Said Kerimov sold 29.99% in Polyus to Acropol Group (belongs to Akhmet Palankoev) and gave 46.35% to the Fund for Support of Islamic Foundations in Russia
https://polyus.com/en/media/press-releases/changes-in-shareholder-structure/

Carbon footprint

Polyus Gold reported Total carbon footprint, CO2e emissions (Direct + Indirect) for 31 December 2020 at 2,020 Kt (-380 /-15.8% y-o-y).Alt URL
/ref> The decline accelerated compared to the CAGR of -8.6% since 4Q'16.

References

External links

{{Authority control Gold mining companies of Russia Companies based in Krasnoyarsk Krai Companies listed on the Moscow Exchange Russian companies established in 2006 Companies based in Krasnoyarsk Companies based in Moscow Russian brands Non-renewable resource companies established in 2006