Kenes Rakishev, the largest shareholder of Petropavlovsk, is prepared to buy 10-15% of IRC, if it decided to sell it.
The group owns 31.1% in IRC, the only manufacturer of iron ore on the Far East. The company is operating at Kimkano-Sutarsky Mining and Processing Works.
Rakishev believes now is a good time for a deal.
Petropavlovsk is also negotiating possible mergers with other gold manufacturers in Amur region.
Rakishev owns 22.4% in Petropavlovsk. (Ukrainian metal)