Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Gold and silver producer Polymetal is considering disposing of its Russian assets in a shift to focus on its operations in Kazakhstan, the company said on Tuesday.
The potential sale would be part of the firm’s broader strategy to “de-risk its ongoing operations,” the company said in a statement.
The miner also hoped offloading its Russian assets would shore-up Polymetal’s footing on global capital markets, allowing it to re-enter equity indices that it was ejected from in the wake of Russia’s invasion of Ukraine, the company said.
(Editing by David Evans)
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