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Polymetal announced the fourth exploration tender

Polymetal announced the fourth exploration tender
Photo: Polymetal

Polymetal invites junior companies to take part in the project competition. The result of the competition should be the discovery of new promising fields and mutually beneficial cooperation.

According to the press service of Polymetal, it is planned to create joint ventures in which companies specializing in geological exploration and Polymetal will become partners. The format of interaction in each case will be determined individually. Cooperation is possible at the earliest stages of a junior project, even before obtaining a license for geological exploration.

A common problem for junior companies in Russia is, as a rule, a lack of resources and opportunities for serious expertise. Polymetal already has experience in mutually beneficial support of organizations that are engaged in prospecting and exploration of deposits. Sergey Trushin, Deputy General Director of Polymetal for Mineral Resources, noted that last year alone the company invested about $ 10 million in junior projects. Place of Birth.

For cooperation with junior enterprises, Polymetal is ready to allocate up to $ 2020 million in the period from 2025 to 60, excluding new projects. Now the company cooperates with junior companies in Taimyr, Chukotka, Magadan region and Kazakhstan. In addition, work is underway to create a joint venture in the Khabarovsk Territory.

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