Polyus: Procurement


Polyus holds the world’s second largest gold reserves (with 71 million ounces of proven and probable gold reserves in accordance with the international classification), which form the basis for sustainable production growth.

The Company's main operations are located in Krasnoyarsk Territory, Irkutsk Region, Magadan Region and the Sakha Republic (Yakutia) and include five operating mines, alluvial operations and several projects under construction and development.

The Company has a developed multi-tier procurement chain that provides for efficient activities for the supply of materials and equipment, works and services. Procurement procedures are based on the principles of openness, transparency and competition and employ a wide range of procurement methods (mainly open bidding) and advanced information tools (including e-commerce platforms).

MC Polyus as a sole executive of managed companies performs activities in the Refined Products Market of the Saint-Petersburg International Mercantile Exchange (SPIMEX) for managed companies. Key service terms and conditions as well as tariffs are not subject to disclosure. No services are provided to third parties. No litigations have been initiated against Clients (managed companies) in relation to contracts entered into as a result of trading on the SPIMEX Refined Products Market.