Arab Today, arab today polyus gold sells romanian assets
Last Updated : GMT 20:18:36
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Polyus gold sells Romanian assets

Arab Today, arab today

Arab Today, arab today Polyus gold sells Romanian assets

Moscow - Ria Novosti

Russia’s largest gold producer Polyus Gold has agreed to sell its Romanian enterprises, Romaltyn Mining SRL and Romaltyn Exploration SRL, to Kazakh-based SAT & Company metallurgical holding firm for $20 million, Polyus Gold said on Friday. The deal is scheduled to be closed in the second quarter of 2012, Polyus said in a statement. The two enterprises \"hold rights to various mining assets in Romania including a gold treatment plant with a capacity of 2.5 million tons of ore and tailings annually (currently not in operation) and a number of exploration properties.\"

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