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Petro Re-sized Rock Sample

The Group's flagship mine, Pioneer

A rock sample from Pioneer

 

 

Who we are

Petropavlovsk is a leading gold producer, explorer and developer of gold mining projects in Russia. The Group currently operates four hard-rock gold mines in the Amur region, Russian Far East, and has a pipeline of exploration and development projects across Russia to drive growth into the future.

Producing 630,100oz of gold in 2011, Petropavlovsk was Russia's second largest gold producer. Following the commissioning of its fourth mine, the Group is targeting gold production of 700,000oz for 2012, an increase of 11%.

The Group was founded in 1994 by two Russo-British entrepreneurs in order to develop a highly-prospective gold project in the Russian Far East into a working mine. Gathering a managerial team of Russian mining experts, the Group amassed a quality asset base and developed leading specialist R&D centres and dedicated in-house teams to become one of the fastest growing gold mining companies, commissioning four gold mines and delivering eight expansion projects in eleven years.

The Company's shares were admitted to trading on the Alternative Investment Market (AIM) in 2002, thereby becoming one of the first Russian businesses to be admitted to trading on the London Stock Exchange (LSE). The Company is now listed on the Main Market of the LSE and is a member of the FTSE 250.

What we do

Petropavlovsk's strategy is to foster sustainable growth and create long-term shareholder value through the discovery, acquisition and development of natural resources projects. Following this strategy, the Group has created a strong record of mine development in the Russian Far East, developing all its mines in-house from scratch at competitive costs and within competitive timeframes. This has enabled the Group to deliver consecutive year-on-year growth in attributable gold production and Group revenue since 2002.

Petropavlovsk continues to grow its business through investment in exploration and the development of new extraction technologies. Exploration is targeted at promising areas adjacent to existing mines and new growth clusters, providing a pipeline of projects, underpinning the Group's growth profile and delivering year-on-year growth in reserves and resources. The Group employs leading Russian industry specialists and cutting edge technology at its R&D centres to develop cost-competitive processing solutions for ore not suitable for conventional processing methods. In 2013, the Group is planning to launch a new type of processing plant which will use pressure oxidation to extract gold. Once commissioned, the plant will offer the Group unique opportunities for gold recovery in Russia.

Where we operate

The Group's operations are predominantly located in the Amur region, Russian Far East, one of the main gold mining regions in Russia. Favourable geological conditions account for the region's impressive mineral resource base and exciting exploration potential. The region boasts a strong mining tradition and a skilled workforce, who are part of the qualified personnel employed by the Group, and benefits from good infrastructural links and access to hydro-electric power.

How we operate

Petropavlovsk is committed to acting in a responsible manner, protecting the environment, safeguarding the welfare of its employees and maintaining good relationships with the communities in which it operates.

The Group recognises that it plays an important role in the regions in which it operates and seeks to contribute to their economic and social development, both by widening the scope of its operations and with the assistance of its charitable foundation, the Petropavlovsk Foundation for Social Investment.

Petropavlovsk has a long-standing programme of investment in regional educational projects and institutions, including collaboration with local universities and investment in the Group's own unique vocational training college, the Pokrovskiy Mining College. The Group's commitment to supporting regional educational programmes, combined with its commitment to offer good opportunities for career development, has complemented Petropavlovsk's success to date and will ensure the quality of its employees in the years to come. In turn, this investment in people has helped individuals to realise their full potential and has contributed to the overall development of the mining sector in the Russian Far East.

Image 02 Worker Amur region Image 04

Sample analysis at Group laboratory in  Blagoveschensk, Amur region

Working on new processing technologies at the Group's pilot test plant

A seminar at Group-supported Pokrovskiy Mining College

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