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Russia's Polyus selling shares worth US$700m to meet Moscow bourse rules

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Polyus has proved and probable gold reserves of 71m ounces, according to a statement released on Monday, making it the world's second-biggest producer by attributable reserves after Barrick Gold Corp.

Moscow

POLYUS PJSC is selling shares worth at least US$700 million as Russia's largest gold producer seeks to meet Moscow's stock-listing rules and raise cash.

The company is offering at least 7 per cent of the company through a combination of new and existing shares owned by

sentifi.com

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