Metals and Mining
Company Overview of Russian Platinum, PLC
Russian Platinum, PLC engages in the exploration, mining, production, and refining of platinum group metals in the Russian Federation. It owns Kondyor and Chernogorskoye deposits that are rich in platinum, palladium, rhodium, gold, copper, nickel, and cobalt reserves. The company was founded in 2011 and is based in Saint Helier, Channel Islands.
Saint Helier, JE1 1BD
Founded in 2011
Key Executives for Russian Platinum, PLC
Vice President for Operations
First Vice President and Chief Executive Officer of Chernogorskoye Mining Company
Vice President for Corporate and Legal Affairs
Compensation as of Fiscal Year 2014.
Russian Platinum, PLC Key Developments
Russian Platinum Eyes Norilsk Nickel's Refinery
Mar 26 14
Russian Platinum, PLC mulls acquisition of a refinery on the Taimyr Peninsula from Open Joint Stock Company "Mining and Metallurgical Company Norilsk Nickel" (LSE:MNOD) to process ore mined at its Chernogorskoye and Norilsk-1 projects.
Russian Platinum Mulls Acquisitions
Dec 17 13
Russian Platinum, PLC is seeking acquisitions. Musa Bazhayev, Chairman of Board of Directors of Russian Platinum said, "Russian Platinum may become a multinational project, as it plans to consider acquisitions abroad after it builds a mining and processing plant to process ore from the Chernogorskoye deposit and the southern part of the Norilsk-1 deposit. When we fulfill our plans in Russia, we will look at (other) markets and assess the prospects of mergers and acquisitions. First of all in South Africa and Zimbabwe. Musa added that Russian Platinum is primarily interested in greenfield projects. Bazhayev said, "It is impossible to change the technology at a developed project. Africa has a lot of potential projects open for new technologies. If we can minimize costs, we will enter these markets." Bazhayev added that the company analyzes the situation in Africa and sees that production costs are very high there at the moment.
Russian Platinum To Launch IPO No Earlier Than 2018
Dec 17 13
Russian Platinum, PLC is not planning to launch an initial public offering (IPO) before 2018. Musa Bazhayev, Chairman of Board of Directors of Russian Platinum said that Russian Platinum group will make an initial public offering on the London Stock Exchange no earlier than 2018. Musa said, "We are looking at LSE, where all the leading platinum mining companies are traded. We want to place a minimal stake required for listing. But there is no point in making an IPO on foreign exchanges before the company has operated the Chernogorskoye copper, nickel, and platinum group metals (PGM) deposit on the Taimyr Peninsula for at least a year. We want to operate, but we are not allowed to work. We cannot obtain documents for land to start building a road to the Chernogorsky industrial site. I think we will be able to solve the problem in the nearest future."
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