About Pomor Limited

Pomor Limited is a private British-Russian company registered in England. Its role is investment in, and provision of technical assistance to, mineral resources projects in the north-west of Russia.

Pomor Limited is owned by a small number of British and Russian shareholders. The company is not controlled by any one shareholder or group and is not a subsidiary of any other company.

History

Pomor was founded in 1991 as Pomor Petroleum Ltd, with the intention of developing oil and gas business in the Barents Sea, but its first investment was in the new mineral exploration company ZAO Pana (now OAO Pana), set up to explore for platinum group metals in the Pana - Fedorova Tundra area of the central Kola Peninsula.

Pana remains the main focus of interest for the company, which has invested in its development, to the present stage where Pana now has joint venture agreements in place for development of mining operations on two significant deposits: with Barrick Gold on the Fedorova deposit and with Uralplatina on the Kievei deposit.