FAS lets Polymetall sell stock

1 March 2011 (10:26)

Russia’s Federal Antimonopoly Service approved of handing a big holding of OAO Polymetall’s shares over to a newly created foreign holding. The holding is supposed to get its shares listed at London Stock Exchange in the future, Polymetall’s press service reports.

Polymetall deals in geological survey work in four Russian provinces: Magadan and Sverdlovsk Regions, Khabarovsk Territory and Chukotka, as well as in Kazakhstan. As for Sverdlovsk Region, gold-mining enterprises operate in Krasnoturinsk, at Vorontsovskoye gold mine.

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