China’s Zhaojin Mining Industry and Zijin Mining Group are taking part in talks to buy up to 25% in Russia’s largest gold producer Polyus for $2 billion.
Zhaojin is considering buying the stake jointly with China’s Fosun.
A Qatari investor is also interested in buying into Polyus, sources said.
Suleiman Kerimov, the majority shareholder of Polyus, is not holding any exclusive talks with any of the potential buyers.
Polyus’ market value currently stands at around $13 billion. (Prime/Ukrainian metal)