Polymetal International, a precious metals producer with mining projects in Russia and Kazakhstan, has announced a delay in relocating its headquarters from Jersey island to Astana, the capital of Kazakhstan.
The company made an announcement to shareholders on May 10, 2023, requesting their approval to relocate headquarters. The corresponding decision was made at the general meeting of shareholders on May 30.
The company continues to work towards fulfilling the conditions necessary to relocate the head office to the Astana International Financial Center in Kazakhstan, however, it admits that it is behind schedule as a result of unforeseen delays.
Polymetal will notify shareholders of the exact timetable for moving its headquarters to Astana via its press release as soon as possible.
The precious metals mining company and one of the top-10 silver producers in the world has had to start the process of relocating its headquarters due to sanctions imposed on its Russian assets. At the same time, its Kazakhstan operations were not affected by sanctions.
Theodor Lisovoy for Rough&Polished
