Polyus Gold International Limited (LSE – PLGL) the largest gold producer in Russia, has entered into an agreement with a British Virgin Islands incorporated holding company affiliated with SAT & Company JSC (Kazakhstan) to sell its 100% interest in Romaltyn Mining SRL and Romaltyn Exploration SRL through the sale of their Isle of Man holding company, Romaltyn Limited, for a total consideration of USD 20 million. Romaltyn Mining and Romaltyn Exploration hold rights to various mining assets in Romania including a gold treatment plant with a capacity of 2.5 million tonnes of ore and tailings annually (currently not in operation) and a number of exploration properties.
Headquarters
Strada Victoriei Nr. 77b
BAIA MARE; Maramures;
Postal Code: 430072
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