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Seligdar strengthens its efforts in the area of public-private partnership

22.11.2024

Polymetallic Holding Group Seligdar (hereinafter referred to as Seligdar or Holding Group) intends to actively pursue a number of initiatives related to the development of investment projects in the Arctic regions of the Russian Federation. These include the establishment of large-scale industrial clusters for extracting precious and rare metals, as well as the concurrent improvement of market mechanisms for their sale and distribution, including to private investors.

The driver of these initiatives will be mutual communication within the framework of leading associations of the largest Russian companies and governmental authorities. The day before, Seligdar PJSC became a member of the Russian Union of Industrialists and Entrepreneurs (hereinafter RSPP). The corresponding order was signed by the President of the RSPP Alexander Shokhin. The Holding Group received its membership certificate as part of the special event organised by the union.

Seligdar has nearly half a century of experience and expertise in developing complex industrial mining technologies in seven regions of the Russian Federation. Currently, it conducts preparatory work at the largest Russian gold deposit Kyuchus in the north of Yakutia. The project is being implemented in the format of an international consortium. Last year, the Holding Group also became a pioneer on the securities market, with its securities being backed by precious metals. Seligdar issued three issues of ‘gold’ bonds, and ‘silver’ bonds are being prepared for issue, which have no analogues either in the Russian or international markets.

By becoming a member of the Union, the Holding Group is ready to find new mechanisms in a dialogue mode with the participation of governmental authorities and businesses that will help develop the operations of companies in the extractive industry, including through the issuance of similar securities.

Alexander Khrushch, President of Seligdar PJSC:

‘Today, the RSPP includes representatives from leading domestic companies – all those who seek to develop the economy of our country. Throughout its activities, the Union has been an open and representative platform for effective dialogue between business and government. We have not only experience, but also large-scale development prospects, so we believe that we can not only get certain benefits, but also be as useful and effective as possible in panel working within the RSPP.’

 


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