# Petropavlovsk announce technical launch of the pioneer flotation plant

- Link: https://www.directorstalkinterviews.com/petropavlovsk-announce-technical-launch-of-the-pioneer-flotation-plant/412995054
- Published: 2021-06-01T09:18:37+01:00
- Author: Giles

**Petropavlovsk PLC** (LON:POG) has today announced the technical launch of the 
Pioneer flotation plant, the Company’s second facility for processing refractory
gold ore and producing flotation concentrate.

> **Mr Denis Alexandrov, Petropavlovsk** **CEO said**: _“The successful launch of
> the Pioneer flotation plant represents a key strategic milestone for the Company.
> We are pleased to have commissioned the facility slightly ahead of the mid-year
> target we set when I joined the Company last year. The new plant will enable Petropavlovsk
> to take full advantage of Pioneer’s substantial refractory ore reserves while 
> providing an additional source of own-mined concentrate for our state-of-the-art
> POX Hub.”_

New Own-Mined Concentrate Supplier for the POX Hub

 * The new Pioneer flotation plant has the capacity to process 3.6Mtpa of refractory
   gold ore. Once fully operational, the plant is expected to deliver more than 
   100ktpa of refractory gold concentrate for treatment at the Company’s Pressure
   Oxidation (“POX”) Hub

 * Pioneer flotation doubles the Group’s capacity to process refractory gold ore
   which, including the existing Malomir flotation plant, now stands at 7.2Mtpa

 * The plant is expected to become fully operational by July and to produce c.60kt
   of concentrate in 2021

 * The construction of a third line at the Malomir flotation plant remains on track
   and will add an additional 1.8Mtpa of flotation capacity from Q3 2022, bringing
   the total combined Group capacity to 9.0Mtpa

 * The launch of Pioneer flotation and expansion at Malomir will reduce the reliance
   of the POX Hub on treating lower-margin 3rd-party concentrates

Petropavlovsk PLC is a major integrated Russian gold producer with JORC Resources
of 19.50Moz Au which include Reserves of 7.16Moz Au. Following its IPO on the Alternative
Investment Market (AIM) in 2002, Petropavlovsk was promoted to the London Stock 
Exchange in 2009, where today it is a Premium Listed company and a constituent of
the [FTSE 250](https://www.directorstalkinterviews.com/news/ftse-250), FTSE 350 
and FTSE All Share indices. The Company’s shares also trade on the Moscow Exchange
and are a constituent of the RTS Index and MOEX Russia Index.

The Company’s key operating mines (Pioneer, Malomir and Albyn) and its Pressure 
Oxidation (“POX”) Hub at Pokrovskiy are located in the Amur Region in the Russian
Far East. Petropavlovsk has produced a total of c.8.3Moz of gold since operations
began in 1994 and has a strong track record of mine development, expansion, and 
asset optimisation.

Petropavlovsk is one of the region’s largest employers and one of the largest contributors
to the sustainable development of the local economy.

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