Siman Povarenkin
| Siman Victorovich Povarenkin | |
|---|---|
| Born | December 19, 1969 |
| Nationality | Russian |
| Alma mater | Omsk State University |
| Occupation | Owner of GeoProMining |
| Website | www |
Siman Povarenkin (Born 1969 in Omsk) is a Russian entrepreneur with investments in metals & mining, geophysics and medical and health technology in Asia, Europe and Latin America. Povarenkin graduated from the Omsk State University with a degree in Chemistry and Petroleum Chemicals. In addition, he has completed courses in finance and banking at the Academy of Economics in Moscow, Bank Tutors Institute in Frankfurt, and the Intellectual Fund in Paris.
Povarenkin has over 15 years of corporate management experience in banking and industrial sectors. Previously he was Chairman of the Board of Industrial Investors Group, FESCO, Russian Industrial Bank and First Vice President, Head of Investment Management Business at Incombank. He served as director of Far Eastern Shipping Company Plc from June 5, 2007 to December 2008. He serves as Non-Executive Director of Saddleback Corporation Ltd.
One of Povarenkin’s substantial investments was in GeoProMining (GPM), an international gold and copper mining company with operations in Russia and Armenia. He has previously served as Chairman of the Board of GPM, and is currently a member of Board of Directors and the Remuneration Committee.
In 2005, along with business partner at the time Sergey Generalov, he purchased one of the largest mining companies in Georgia, consisting of the Madneuli mine and its subsidiary Quartzite. This was to become the first production asset of GeoProMining. In 2007, the two divided up the assets of their shared investment vehicle Industrial Investors, with Povarenkin becoming the majority shareholder of GeoProMining. He subsequently expanded GPM further, acquiring various assets in Russia and the Caucasus. In 2012 the firm sold its assets in Georgia.
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