Polymetal, the biggest Russian producer of silver and gold, is going to redomiciliate its business in Kazakhstan. The move has recently been approved by 92% of shareholders of the company after nine months of discussions, according to the Qazaqstan Association of Minority Shareholders’ channel on Telegram.
As of today, the company is still registered with Jersey Island.
The first reports about the possible redomiciliation of Polymetal to the Astana International Financial Center (AIFC) appeared last fall. At the time, the company also reported that it postponed the Pacific Hydrometallurgical Plant project in the Khabarovsk Krai, Russia.
Later, Vitaly Nesis, CEO...