Polyus Gold rises on completion of 'unprecedented logistics operation'

Russia-focussed Polyus Gold International has reported that key components of the new Natalka plant have been delivered on site and are expected to be installed in the third quarter of 2013 on schedule.

Russia-focussed Polyus Gold International has reported that key components of the new Natalka plant have been delivered on site and are expected to be installed in the third quarter of 2013 on schedule.

Polyus reported that the SAG mill, one of the world's largest in the gold mining sector, and the ball mill arrived at the port of Magadan, Russia on April 14th, where they were placed on mobile platforms for a 10-day, 406km road transfer to the Natalka site.

The two mills, which have a combined throughput of 1.228 thousand tonnes of ore per hour, were built by CEMTEC, a European manufacturer of processing equipment for the materials and mining industries.

In February 2013, they were transported from the manufacturer in Linz, Austria, to the Port of Antwerp, Belgium, from where they were shipped to Magadan on a journey of nearly 30,000km.

Pikhoya: Unprecedented logistics operation completed successfullyGerman Pikhoya, Chief Executive Officer of Polyus Gold, commented: "It was an unprecedented logistics operation in a challenging environment, which has been delivered successfully and ahead of the plan."

Polyus Gold International's share price was up 1.10% to 207.50p at 13:10 on Wednesday.

MF

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