Sergey Kashuba

Chairman
Union of Gold Producers of Russia

Sergey Kashuba was elected as the Chairman of the Union of Gold Producers in April 2012. The main goal of the Union of Gold Producers is the coordination of efforts of different market players in order to elaborate and to implement measures for the development of the Russian gold-mining industry. The Union of Gold Producers Union is also lobbying the interests of its members in government and state institutions.

During previous fifteen years he worked in different mining companies: deputy chairman for corporate development of the Zapadnaya gold-mining company (Sakha (Yakutia) Republic), deputy CEO of GeoProMining, investment adviser in Tugansky GOK “Ilmenit” (Tomsk Region) and in Geo-Systema (Moscow), deputy CEO for economy of gold mining company “Zolotaya Zvezda” (Krasnoyarsk Region, Khakassia Republic), general director of “Mangazeya mining” (Canadian stock-listed company with assets in Russia).

He has experience in geological and economic evaluation of about 60 gold deposits in Russia and CIS countries. Also experienced in structuring sales transactions of gold deposits and in valuation of gold mining assets.

From 1999 to 2002 he was the Chairman of the Committee on precious metals of the Russian Banking Association. He took an active part in developing legislative initiatives for liberalisation of Russian precious metals market.

In 1995-1998 he completed courses on “Banking operations with gold, precious metals and precious stones” in the Management Training Center (Switzerland) and in the Institute of Business and Management (Switzerland); professional courses on “Banking operations with precious metals” in the Banking Academy and in the Higher School of Economics (Moscow) and a course on “Custom Clearance of export operations with refined gold and silver” in the Academy of Management and Market (Moscow).

From 1996 to 2002 he was a head of Precious metals Department of Incombank and Investment Banking Corporation. Has considerable experience in lending to Russian gold mining companies – more than 70 borrowers in total.

From 1992 and till 1995 worked in “Poisk” Bank (Minsk) where he started as a head of international transactions department and worked his way up to Director of the foreign economic activity Department. At the same time he advanced his professional qualifications in Swiss Bank Corporation (Switzerland), Commerzbank (Germany) and in the MIRBIS Banking School (Moscow).

Graduated from the Institute of Foreign Languages and worked from 1979 till 1992 in various state enterprises including Ministry of Foreign Affairs of the USSR.