RosGeo and Polymetall have signed an agreement on cooperation. The document was signed today in the margins of St. Petersburg International Economic Forum by Sergei Gorkov, the General Director - Chairman of the Board of RosGeo and Vitaly Nesis, Director General of Polymetall.

The key objective of cooperation between the companies will be the search for and assessment of mineral resources in the most promising areas in the purposes of exploration and subsequent mining in Russia and abroad, interchange of information on geological structure of the subsurface, geo-environmental monitoring data.

The partners will also collaborate in the areas of personnel development, technologies, improvement of regulatory and legal basis of the Russian Federation in the field of subsurface management.

The parties plan to cooperate in development and implementation of innovative methods, equipment and software for prospecting and exploration of mineral deposits, in joint scientific and research conferences, promotion and implementation of innovative projects.

“We found a mutual understanding on key issues in development of cooperation, - said S. Gorkov. - There is an interest to cooperation not only in Russia, but also abroad. Now, it is time to review the specific suggestions and projects. I am confident the collaboration will be beneficial for both our companies, and, in general, will contribute to development of the mineral resource base in the country and national economy. "


RosGeo is a Russian multi-disciplinary geological holding that carries out a full range of services related to geological exploration: from regional surveys to parametric drilling and monitoring of subsoil conditions. The holding company boasts a unique expertise, particularly in marine geology and shelf operations.

RosGeo was established following the Decree of the President of the Russian Federation of July 15, 2011, No. 957 on the basis of Tsentrgeologiya, an oldest Russian geological enterprise. Rosgeo is a fully state-owned company.

The enterprises within the Holding company operate in all eight Federal Districts of Russia. A total of more than 1000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields.

Polymetall (LSE, Moscow Exchange, AIX: POLY, ADR: AUCOY) ranked in the top 20 gold producers and top five silver producers over the world with assets in Russia and Kazakhstan. The company combines significant growth and stable dividend yields.