Siman Povarenkin (Born 1969 in

Omsk Omsk (; , ) is the administrative center and largest types of inhabited localities in Russia, city of Omsk Oblast, Russia. It is situated in southwestern Siberia and has a population of over one million. Omsk is the third List of cities and tow ...

) is a Russian entrepreneur with investments in metals & mining,

geophysics Geophysics () is a subject of natural science concerned with the physical processes and Physical property, properties of Earth and its surrounding space environment, and the use of quantitative methods for their analysis. Geophysicists conduct i ...

and medical and health technology in Asia, Europe and Latin America. Povarenkin graduated from the Omsk State University with a degree in

Chemistry Chemistry is the scientific study of the properties and behavior of matter. It is a physical science within the natural sciences that studies the chemical elements that make up matter and chemical compound, compounds made of atoms, molecules a ...

and Petroleum Chemicals. In addition, he has completed courses in finance and banking at the Academy of Economics in

Moscow Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents with ...

, Bank Tutors Institute in

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

, and the Intellectual Fund in

Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...

. 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.

GeoProMining

One of Povarenkin’s substantial investments was in GeoProMining (GPM), an international gold and copper

mining company This is an incomplete alphabetical list of mining companies. A * Adex Mining * Aditya Birla Group * African Rainbow Minerals * Agnico Eagle * Aiteo * Almonty Industries * Alumina * Anaconda Copper * Anglo American (mining) * Anglo Platinum ...

with operations in

Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

and

Armenia Armenia, officially the Republic of Armenia, is a landlocked country in the Armenian Highlands of West Asia. It is a part of the Caucasus region and is bordered by Turkey to the west, Georgia (country), Georgia to the north and Azerbaijan to ...

. 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 mining assets in the

Caucasus region The Caucasus () or Caucasia (), is a region spanning Eastern Europe and Western Asia. It is situated between the Black Sea and the Caspian Sea, comprising parts of Southern Russia, Georgia, Armenia, and Azerbaijan. The Caucasus Mountains, incl ...

. In 2012 the firm sold its assets in Georgia.

GPM Asia

Another mining project of Mr Povarenkin is GPM Asia. GPM Asia is not a part of GeoProMining Group. In 2009 GPM Asia acquired mining and processing operations located in Binh Thuan province in the south-east of

Vietnam Vietnam, officially the Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, with an area of about and a population of over 100 million, making it the world's List of countries and depende ...

. Key products are

mineral sands Heavy mineral sands are a class of ore deposit which is an important source of zirconium, titanium, thorium, tungsten, rare-earth elements, the industrial minerals diamond, sapphire, garnet, and occasionally precious metals or gemstones. Heavy mi ...

zircon Zircon () is a mineral belonging to the group of nesosilicates and is a source of the metal zirconium. Its chemical name is zirconium(IV) silicate, and its corresponding chemical formula is Zr SiO4. An empirical formula showing some of th ...

and titanium dioxide minerals in the form of

ilmenite Ilmenite is a titanium-iron oxide mineral with the idealized formula . It is a weakly magnetic black or steel-gray solid. Ilmenite is the most important ore of titanium and the main source of titanium dioxide, which is used in paints, printi ...

rutile Rutile is an oxide mineral composed of titanium dioxide (TiO2), the most common natural form of TiO2. Rarer polymorphs of TiO2 are known, including anatase, akaogiite, and brookite. Rutile has one of the highest refractive indices at vis ...

and

monazite Monazite is a primarily reddish-brown phosphate mineral that contains rare-earth elements. Due to variability in composition, monazite is considered a group of minerals. The most common species of the group is monazite-(Ce), that is, the cerium ...

. Mineral sands produced by GPM Asia are certified by SGS. The company is looking into expanding its operations in the region.

Personal life

Povarenkin has a passion for

European European, or Europeans, may refer to: In general * ''European'', an adjective referring to something of, from, or related to Europe ** Ethnic groups in Europe ** Demographics of Europe ** European cuisine, the cuisines of Europe and other West ...

and

Russian art Russian culture ( rus, Культура России, Kul'tura Rossii, kʊlʲˈturə rɐˈsʲiɪ) has been formed by the nation's history, its geographical location and its vast expanse, religious and social traditions, and both Eastern cultu ...

, which influenced him to purchase the 19th-century chateau in

Normandy Normandy (; or ) is a geographical and cultural region in northwestern Europe, roughly coextensive with the historical Duchy of Normandy. Normandy comprises Normandy (administrative region), mainland Normandy (a part of France) and insular N ...

(France), which was previously owned by Yves Saint Laurent. Povarenkin is also a patron of theatrical arts and currently supports the theatre project

Kvartet I Kvartet I (/i/, ) is a Russian theater company founded in Moscow in 1993 by a group of graduates from the Russian Academy of Theatre Arts. Kvartet I also made a few films including ''Election Day''. The founding members of ''Kvartet I'' were: Kam ...

which is based in

. He is a noted

gastronome Gastronomy is the study of the relationship between food and culture, the art of preparing and serving rich or delicate and appetizing food, the cooking styles of particular regions, and the science of good eating. One who is well versed in gastr ...

with a great interest in foods from around the world, and has studied the

culinary arts Culinary arts are the cuisine arts of food preparation, cooking, and presentation of food, usually in the form of meals. People working in this field – especially in establishments such as restaurants – are commonly called chefs or ...

from regions ranging from

Latin America Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geogr ...

South East Asia Southeast Asia is the geographical United Nations geoscheme for Asia#South-eastern Asia, southeastern region of Asia, consisting of the regions that are situated south of China, east of the Indian subcontinent, and northwest of the Mainland Au ...

References

External links

geopromining.com

{{DEFAULTSORT:Povaarenkin, Siman 1969 births Living people Povarenkin Russian businesspeople in the United Kingdom