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COVID-19 pandemic measures update

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Taking into account the ongoing vaccination and the improvement of the overall epidemic situation, we have decided to resume business travelling of our directors and employees from July 20th, 2021. The current situation with Covid-19 infections is very fragile in many countries and is subject to rapid  and unforeseen changes.   This is the main reason why travelling will be limited by fully vaccinated personnel only.

It is obvious that the pandemic is not over yet and we may be forced to impose necessary protective measures including the ban on traveling again. Although we hope that the situation will allow us to lift all limitations and return to our regular activities in the nearest future. We will keep you informed as needed. 

Bonds Buy Back scheme for Series B bonds completed

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We are pleased to announce the successful completion of Bonds Buy Back scheme for Series B bonds issued by the company in 2017. All remaining securities of this class have been acquired by West Industrial Investment Co Ltd. improving its balance sheet and providing fresh liquidity to bondholders. 

We are very grateful for the continued support of our major investors and creditors and look forward to continuing our cooperation.

COVID-19 pandemic measures

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The quickly spreading COVID-19 pandemic requires our immediate reaction. We have to take all possible measures to protect our clients, personnel and families. We understand that this a difficult time for all of us but we have to implement the following rules and measures in order to stop the potential spreading of the virus in our environment from 15 March 2020:

– All visits to the office must be suspended. Visits and meeting which are absolutely necessary must occur in the office 209 of Mitropoleos Court, Block B, 82 Athinon Street, 3040 Limassol. The same address must be used for deliveries by couriers.

– All travels both domestic and international are canceled.

– All employees will work distantly usual working hours and will visit the office in case of necessity.

– Sick employees must inform the management without delay independently if they are infected by COVID-19 or have other decease. In any case they may not visit office being sick.

– Please wear nitrile gloves while contacting surfaces outside the office.

– Please use hand sanitizer starting your work in the office.

  We are committed to the safety of our employees and their families and will continue to keep you updated as the situation progresses.

2019 summary

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It was an excellent year for our Bonds Buy Back scheme again. It has reached another record both by the number of participants and by the total amount of concluded deals. Our intention is to extend this program for 2020 and we expect this will be an interesting instrument for our bondholders permitting them to benefit from our highly attractive interest rates combined with the possibility of constant access to fresh liquidity.

Bonds Buy Back Scheme

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The excess in liquidity allowed us to approach our bondholders with an offer to buy Class A and B bonds ahead of their maturity in 2030. This scheme demonstrated good results reaching the USD 1.5 mln benchmark last year. We have pleasure to announce about the prolongation of the buy back policy for the Class A and B bonds in 2019.

November 2017. Mines and Money London.

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Our participation at Mines and Money London in November 2017 was an attempt to find new areas and ideas for our further operations. It is a perfect place for meeting both mining companies and financial institutions and an excellent platform for information exchange. Hopefully this will result in new business offers for our partners and investors in the nearest future.