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Polymetal board approves POX-2 project

After at least three years of preparation, Polymetal's (LSE:POLY) board has approved the construction of a second pressure oxidation (POX) line at its Amursk hub in Russia for US$431 million.

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Polymetal's POX-2 will next to the current POX facility

The second POX line, due for completion by the end of 2023, will process double refractory concentrates and have a design throughput capacity of 250,000-300,000 tonnes per annum of concentrate,