Azerbaijan, Baku, May 21 / Trend E. Kosolapova/
Polyus Gold International Limited has completed the transaction to sell 100 percent interest in its affiliated companies in Romania - Romaltyn Limited, an Isle of Man holding company of Romaltyn Mining S.R.L. and Romaltyn Exploration S.R.L, the company said.
The deal on Romanian assets sale was reached with Kazakh SAT & Company and worth $20 million.
Romaltyn Mining S.R.L. and Romaltyn Exploration S.R.L. 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.
Polyus Gold International Limited is an international company, the leading gold producer in Russia and Kazakhstan, one of the world's largest gold producers. Headquartered in London, Polyus Gold's operating mines and development/exploration projects are located in 5 major gold mining regions of Russia - the Krasnoyarsk Territory, the Irkutsk, Magadan, Amur Regions, the Republic of Sakha (Yakutia), as well as in the Republic of Kazakhstan, Romania and Kyrgyzstan.
Polyus Gold produced 1.497 million ounces (46.56 tons) of gold in 2011 or 8 percent more than in 2010.