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Polymetal Buys Kazakhstan Gold Deposit From Glencore Unit

Polymetal International Plc bought a gold mine in Kazakhstan from a unit of Glencore Plc for $100 million.

Payment for the Komarovskoye deposit will come from Polymetal’s existing cash and available credit lines, the company said in a Russian regulatory filing. The deposit’s inferred resources are estimated at 28 metric tons, according to the filing.