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)

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