Petropavlovsk is a gold producer. The Company is engaged in the mining of precious and non-precious metals which require it to hold licenses which permit it to explore and mine in particular areas in Russia. The Company operates in three segments: Precious metals segment, IRC segment and Other segment. The Company's principal activities include gold mining, exploration, development and the commissioning of milling line at the Pokrovskiy, Pioneer, Malomir and Albyn mines; gold mining from the Company's alluvial operations; evaluation of business opportunities and iron ore production. As of Jan 1, 2013, the Company's total proven ore and gold reserves were 39,400 million tons and 1.57 million ounces of gold, respectively.Data provided by Mergent, Inc.
|Effective Date||Jul 07, 2003|