OREANDA-NEWS. November 16, 2010. JSC "Polymetal" (LSE, MICEX, RTS: PMTL) ("Polymetal" or the "Company") has received a notification that the holding of Sergey Areshev, a member of the Company's Board of directors, has decreased from 10,800 ordinary shares of Polymetal, representing 0.0027% of the total share capital of the Company, to zero, reported the press-centre of  Polymetal.

ABOUT POLYMETAL
Polymetal is a Russian gold and silver miner with operations and development projects in Russia and Kazakhstan. The Company produced 0.6 million of gold equivalent ounces in 2009 and is targeting to double its total production by 2012 mostly as a result of commissioning of the new projects, all of which are now under construction.

A key element of Polymetal's strategy is creation of processing hubs with the goal to ensure the most efficient and responsible utilization of financial and human capital by treating ores and concentrates from various sources at centralized locations.