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Polymetal Company’s 2005 Key Achivements
April - US$ 105 mln. syndicated long-term trade finance loan (arranger – Standard Bank London, Hypo und-Vereinsbank, Societe Generale) awarded «Deal of the Year» by Trade Finance magazine;
July – completed production risks insurance facility as part of risk management program (insurance brokers AON and Marsh);
July – reached full processing capacity at the Khakanjinskoye plant (500,000 tpa of ore);
October - Polymetal Engineering signed an agreement to fulfill the optimization of the development of the Lomonosov diamond deposit.
November – Polymetal Engineering completed designing ore-processing facilities for the Mikhailovsky Mining-and-Processing Complex;
November – ICT Group completed a deal to sell 100% shares of Polymetal to the Nafta Moskva Group;
December – completed an international audit of ore reserves and mineral resources based on JORC Code.
December – Polymetal acquired licenses for geological exploration and mining at the gold areas Khakarinskaya (Khabarovsk Region), Galkinskaya and Katasminskaya (Sverdlovsk region);
December – Polymetal completed its first export delivery of silver to Japan.
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