Petropavlovsk is one of Russia’s top three gold producers. In 2011, Petropavlovsk is targeting production of 600,000 oz, representing continuous growth since the company first listed on the London Stock Exchange in 2002.

The Group operates four gold mines, all in the Amur Region in the Russian Far East, where it has been active since 1994. Gold reserves stand at 9.4 million oz and gold resources at 24.4 million oz, with exploration continuing at existing mines and around new growth clusters.

Petropavlovsk has a 65.6% holding in IRC Limited, a Hong Kong-listed developer and producer of industrial commodities in the Russian Far East, close to the border with China.

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