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Monday, April 14, 2014

Russia's Polyus Gold considers call to come home

http://www.reuters.com/article/2014/04/11/russia-polyus-gold-inte-idUSL6N0N32QV20140411

Polyus Gold, Russia's biggest gold miner, is considering state proposals to encourage the rebasing of Russian firms currently owned by offshore entities and intends to explore these issues with the government, the company said on Friday.
The comments of the Jersey-registered company, whose share listing is in London, makes it the first company to publicly respond to the call by officials for such companies to come home following Western threats to tighten sanctions against Russia over the Ukraine crisis.
"As a company with operating assets wholly located in Russia, the Board recognises that these developments (government proposals) may have particular implications for the company's business and development plans," Polyus said in a statement.

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