N e w s

"Polymetall" company has finished equipment delivery to its subsidiary OJSC "Okhotsk mining company", which is exploring Hakanjinskoye deposit in Khabarovsk krai. Total cost of the equipment delivered exceeds $15 mln. "Polymetall" has bought a large consignment of brand new mining technical devices produced by world leading companies that has allowed to increase the effectiveness of its manufacture. "Polymetall" is the most high-tech equipped mining company in the country.

The mining complex in Khabarovsk krai (Hakanjinskoye deposit) is to be put into operation in the third quarter of 2003. Its annual volume of mining is planned to be 80-85 tons of silver and 4 tons of gold. "Polymetall" is the leader in silver mining and enters the top ten of gold miners in Russia.. Structurally, it is the part of the group "East".