Polyus to acquire the remaining 22% stake in SL Gold from RT Business Development for c. $128m.

Polyus, which offers mining services, agreed to acquire the remaining 22% stake in SL Gold, a gold mining company, from RT Business Development, an asset management company, which carries out financial and industrial projects, for c. $128m. In 2017-2020, Polyus acquired a 13.2% stake in SL Gold for a total consideration of approximately $76m under cash option agreements. The outstanding instalments amount to approximately $63m for a 10.7% participation interest in SL Gold.