Mining
Russian gold miner Polyus appoints new CEO
Vostokov joined Polyus in 2014. Since then, he has held a number of executive positions within the company’s corporate division. Vostokov is also a member of the Board of Directors of PJSC Lenzoloto. He was actively involved in a number of landmark transactions at Polyus, including Polyus Re-IPO and acquisition of Sukhoi Log deposit.
Along with needing to comply with Western sanctions against Moscow over its invasion of Ukraine, several companies with exposure to Russia have pulled back.
This month, Kinross Gold announced it is selling its Russian assets to Highland Gold Mining for a total of $680 million in cash, a month after suspending its operations in the country.