A new legal entity, OOO New Ural Copper, appeared in the Unified State Register of Legal Entities, the sole founder of which was JSC Polymetal Management Company. The company received an authorized capital of 100 million rubles. The relevant information is posted on the Contour resource.The trick."
New Ural Copper is registered at the same address as the recently acquired Polymetal Copper Ore Company (MRC). In addition to the general address in Yekaterinburg, the company is also connected by a single head, Mikhail Gorelov. He was appointed CEO of the Copper Ore Company immediately after its transfer to Polymetal ownership.
MRK holds a license to develop copper-pyrite ores at the Novoshaytanskoye deposit near Kirovgrad. The volume of reserves in categories A+B+C1: ore — 3281 thousand tons (average content — 3.67%), copper — 120.4 thousand tons.
The Copper Ore Company was established in 2004 with the participation of Chinese capital. Until November 2024, it belonged to the Xin Min Mining investment company. The project planned the construction of an inclined shaft with a depth of 400 m, a processing plant focused on the annual extraction of about 600 thousand tons of ore.
The Chinese investor invested more than 1 billion rubles in the production, but the work was stopped. In 2023, a bankruptcy case was filed. However, it was discontinued in February 2025. Shortly before the termination of the process, the MRK became the property of Sergey Saveliev, who assumed all the obligations of the Chinese side. In May 2026, 33% of the company was transferred to Polymetal, and in July the holding company became its sole owner.
Read our Telegram channel "Mergers and Acquisitions. AK&M».
Our channel at MAX is "Mergers and Acquisitions. AK&M».
