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Polymetal secures offtake for Kyzyl concentrate

LSE-listed Polymetal has secured an offtake agreement with one of its established trading partners for 50% of the forecast high-carbon concentrate production from the Kyzyl project, in north-eastern Kazakhstan, with an option to increase this to 100% of its yearly concentrate output. Polymetal plans to process low-carbon concentrate at the debottlenecked Amursk POX facility, in the far east of Russia, but said that it retained the flexibility to direct this material to the offtake.

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