Nordgold

Nordgold International Gold Mining Company is a dynamic company with a modern management style. The total number of employees of the company working in 6 countries of the world on four continents exceeds 8 thousand people. To date, Nordgold has 9 gold mining enterprises, 2 development projects and a number of geological exploration projects with localized resources.

The company's enterprises operate in Russia, Burkina Faso, Guinea and Kazakhstan. Since its foundation in 2007, rapidly expanding through acquisitions and organic development, the company has demonstrated the highest growth rates in the industry and in 2011 produced 754 thousand troy ounces of gold.

In 2015, Nordgold's gold production grew to 950 thousand ounces from 21 thousand ounces in 2007. Nordgold, despite geopolitical challenges, has secured the status of the first Russian gold mining company to invest in successful mining projects not only in developing but also in developed countries, in particular To Canada in French Guiana (territory). France

2024: Nordgold bought a company with polymetal licenses in Yakutia

Nordgold, through its subsidiary Nordgold Development LLC, acquired Yakutsk Gas Processing Complex LLC (YAGPK), which owns licenses for the extraction of polymetals in Yakutia. This transaction was recorded in the Unified State Register of Legal Entities (Unified State Register of Legal Entities) on July 9, 2024. Read more here.

2023

Allocation of 170 million rubles for the launch of the Internet in the villages of Yakutia

Norgold has agreed to allocate 170 million rubles to launch Internet in villages. The corresponding donation agreement "daughter" "" Severstal concluded Innovation Development Fund of the Republic of Sakha with in November 2023.

It is expected that within the framework of the republican project "Synergy of the Arctic," the operator of which is ArcticTelecom JSC, within three years it is planned to connect 86 remote settlements of Yakutia with more than 72 thousand inhabitants to high-speed Internet. Due to the donation of Nordgold, the fiber-optic communication line is planned to be extended to the administrative center, where about 450 people live.

Norgold agreed to allocate 170 million rubles to launch the Internet in villages

Full access to the Internet today is a vital necessity. In remote villages, which have been cut off from the surrounding world for months, people especially need remote receipt of state and educational services, medical consultations. Laying a cable line from the villages of Tokko and Dapparay through Byaya Küel to Tiani, which will be financed by Nordgold, will help eliminate digital inequality and open up new opportunities for people of all ages living in these villages, from schoolchildren to pensioners, - said Andrei Varlamov, head of the Nordgold representative office in Yakutia.

The Minister of Innovation, Digital Development and Information and Communication Technologies of Yakutia Vasily Efimov, in turn, added that thanks to the fast Internet, services of the innovative ecosystem, new opportunities for education, telemedicine and state electronic services appear.

Earlier in 2023, Norgold agreed to sponsor the opening of a branch of the IT center Technopark Yakutia. In addition, at the expense of the company in the Olekminsky district, work was financed to conduct cable Internet in the villages of Sanyakhtakh, Malykan, Markha, Uritskoye and Khorintsy.^[1]

British sanctions against the company

In November 2023, Britain introduced a new package of sanctions against Russia.

The island state imposed sanctions against two Russian mining companies (Nord Gold Plc and Highland Gold Mining Ltd) and a gold mining trader who participated in the transfer of funds to Moscow.

Also, sanctions were imposed against more than two dozen other individuals and legal entities. In addition, a network based in the UAE fell under the sanctions, through which gold worth $300 million was sold to Russia. Among those sanctioned were Dubai-based gold trader Paloma Precious DMCC and Zimbabwean businessman Howard John Baker.

2022

Nordgold changed the general director to Georgy Smirnov

On September 13, 2022, the gold mining company Nordgold announced the change of CEO. Instead of Nikolai Zelensky, who decided to quit in order to focus on his own projects, Georgy Smirnov was appointed. Read more here.

US sanctions block bond coupon payment

In April 2022, Nordgold, against the background of Russia's special operation in Ukraine and the subsequent US sanctions, was unable to transfer funds to pay a coupon on dollar Eurobonds. The company had to pay a coupon for $8.25 million. Nordgold belonged to Alexei Mordashov, who was sanctioned.

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