Rosgeo and Polus PJSC have made an Agreement of Cooperation within the Eastern Economic Forum, today. Sergey Gorkov, Director General, Chairman of the Board of Rosgeo, and Pavel Grachev, Director General of Polus signed the document.

Under the Agreement, the Parties intend to cooperate in the fields of sourcing, expert assessment, and implementation of promising geological exploration projects, as well as geological studies to identify potentially lode and placer gold mineralization sites, and composite gold-bearing and gold-copper ores.

Rosgeo and Polus have also defined specific forms of cooperation in the implementation of the Agreement.

"The Agreement with Polus, one of the largest gold mining company, reflects our commitment to creating new mutually beneficial partnerships," — Sergey Gorkov. "I believe that synergy of our competences would be the key for successful joint operation."

Reference:

Rosgeo is a Russian multi-industry geological holding company, which offers a full range of geological exploration services: from regional surveys to stratigraphic drilling and subsoil monitoring. The holding company boasts a unique expertise, particularly in marine geology and shelf operations. A total of more than 1,000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields. Rosgeo is a fully state-owned company.

Polus is the largest gold producer in Russia and one of the top five gold mining companies globally with the lowest cost profiles. According to the Company report on ore and mineral reserves for 2018, Polus ranks third among the largest gold mining companies in the world in terms of reserve and resource level. The Company's main production plants are located in the Krasnodar Territory, Irkutsk and Magadan Regions, and the Republic of Sakha (Yakutia).