Polymetal International plc (POLY) 
Polymetal: POX-2 autoclave installation 
 
17-Aug-2020 / 09:00 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Release time IMMEDIATE LSE, MOEX, AIX: POLY / ADR: AUCOY 
Date         17 August 2020 
 
*Polymetal International plc* 
 
        POX-2 autoclave installation 
 
        Polymetal is pleased to announce that the autoclave vessel has been 
        installed at the POX-2 construction site on schedule. 
 
"The installation of the autoclave vessel is a crucial project milestone. We 
  accomplished it on time despite the COVID-related restrictions and complex 
   logistics. It marks our consistent progress towards start-up in Q3 2023", 
        said Vitaly Nesis, Group CEO of Polymetal. 
 
      The autoclave was assembled by COEK ENGINEERING in Belgium. It has the 
length of 50 m, diameter of 6 m, weighs 1,100 tons and is the largest in the 
      gold industry globally. The vessel is made of steel and has a titanium 
  lining. It will operate at the temperature of up to 240 ?? and pressure of 
   45 bar, which is the most effective regime for treating double-refractory 
        concentrates. 
 
      The shipment of the autoclave has taken 55 days and 25 thousand km. It 
   departed from the port of Antwerp, Belgium, in late May and sailed to the 
Russian port of De Kastri in the Tatar Straights. There it was reloaded to a 
   river barge and shipped to the city of Amursk. It was then transported to 
the POX-2 construction site by a multi-axle trailer truck. The total cost of 
       the equipment and logistics amounted to approximately US$ 27 million. 
 
 The latest pictures of the installed autoclave are available on our website 
        at the link 
 https://www.polymetalinternational.com/en/investors-and-media/gallery/ [1]. 
 
About Polymetal 
 
  Polymetal International plc (together with its subsidiaries - "Polymetal", 
   the "Company", or the "Group") is a top-10 global gold producer and top-5 
    global silver producer with assets in Russia and Kazakhstan. The Company 
        combines strong growth with a robust dividend yield. 
 
        Enquiries 
 
*Media*                     *Investor Relations* 
 
FTI           +44 20 3727   Polymetal  ir@polymetalinternational.com 
Consulting    1000 
 
                            Evgeny     +44 20 7887 1475 (UK) 
Leonid Fink                 Monakhov 
 
Viktor                      Timofey 
Pomichal                    Kulakov 
 
                                       +7 812 334 3666 (Russia) 
 
                            Kirill 
                            Kuznetsov 
 
*Joint Corporate Brokers* 
 
Morgan        +44 20 7425   RBC Europe +44 20 7653 4000 
Stanley & Co. 8000          Limited 
International 
plc 
 
                            Marcus 
                            Jackson 
Andrew Foster 
 
                            Jamil Miah 
Richard Brown 
 
Panmure 
Gordon 
 
James Stearns 
              +44 20 7886 
              2500 
 
Forward-looking statements 
 
       This release may include statements that are, or may be deemed to be, 
"forward-looking statements". These forward-looking statements speak only as 
        at the date of this release. These forward-looking statements can be 
   identified by the use of forward-looking terminology, including the words 
        "targets", "believes", "expects", "aims", "intends", "will", "may", 
   "anticipates", "would", "could" or "should" or similar expressions or, in 
each case their negative or other variations or by discussion of strategies, 
plans, objectives, goals, future events or intentions. These forward-looking 
      statements all include matters that are not historical facts. By their 
    nature, such forward-looking statements involve known and unknown risks, 
 uncertainties and other important factors beyond the company's control that 
  could cause the actual results, performance or achievements of the company 
 to be materially different from future results, performance or achievements 
        expressed or implied by such forward-looking statements. Such 
  forward-looking statements are based on numerous assumptions regarding the 
     company's present and future business strategies and the environment in 
which the company will operate in the future. Forward-looking statements are 
     not guarantees of future performance. There are many factors that could 
   cause the company's actual results, performance or achievements to differ 
     materially from those expressed in such forward-looking statements. The 
company expressly disclaims any obligation or undertaking to disseminate any 
  updates or revisions to any forward-looking statements contained herein to 
 reflect any change in the company's expectations with regard thereto or any 
  change in events, conditions or circumstances on which any such statements 
        are based. 
 
ISIN:          JE00B6T5S470 
Category Code: MSCM 
TIDM:          POLY 
Sequence No.:  82214 
EQS News ID:   1119221 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=70918ab4cca7f6e844dca068aad8cd48&application_id=1119221&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

August 17, 2020 02:00 ET (06:00 GMT)

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