Polyus invested RUB 102.7 billion in 2023 in gold mining development, environmental projects, and automation. Find out how Russia's largest gold miner is modernizing its assets, introducing innovations, and strengthening its position in the global market. Where is Polymetal Investing? Public Joint Stock Company "Polymetal" is a leading gold mining company in Russia and one of the largest in the world, specializing in the exploration, extraction, and processing of gold. The company is...

... these listed countries, mining operates on an industrial scale, resembling full-fledged data centers with multiple rows of equipment. The payback period for a self-mining farm ranges from 12 to 24 months, and in some cases, even longer. Cloud Mining To mine cryptocurrency, it is not necessary to set up a full-fledged mining farm at home. One can utilize what is known as cloud mining. Numerous foreign and domestic companies provide this service. Users rent computing power from an organization that facilitates ...

... various regions of Russia, making it one of the largest participants in the non-ferrous metallurgy industry. Gai Mining and Processing Plant (GOK): Located in the Orenburg Region, Gai Mining and Processing Plant is one of the company's key assets. It mines and processes copper ore, which is the basis for the production of copper cathode. In recent years, the enterprise has undergone major modernization: Digitalization of processes: Implementation of automated control systems that allow monitoring ...

... and McArthur River, are among the richest in the world. Russia: Has significant uranium reserves, mostly in Eastern Siberia, the Transbaikal region, and parts of central Russia. Namibia: The largest uranium producer in Africa, with significant uranium mines like Rössing and Husab, which play a critical role in meeting global demand. Uzbekistan and South Africa: Both countries have substantial uranium reserves and are developing their own mining projects. Global Uranium Production and Consumption Annual ...

... makes cryptocurrency transactions more predictable in terms of tax burden. Mining taxation: transparency and additional obligations Cryptocurrency mining is now subject to taxation according to the following principles: Value assessment The value of the mined cryptocurrency is determined by market quotes on foreign exchanges. The taxpayer independently selects the platform for calculation. This allows taking into account real market conditions, but requires miners to carefully approach the choice of ...