Listed Mining Companies
By: Liezel Hill
12th March 2008
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LSE-listed Eurasian Natural Resources, which mines and processes ferroalloys, iron-ore, bauxite and manganese in Kazakhstan, may offer to buy rival Kazakhmys, the company said on Wednesday.
The company was “constantly reviewing a number of strategic opportunities”, Eurasian said in a Regulatory News Service announcement.
“One of the opportunities that is at the early stages of being evaluated is a potential combination of its business with that of Kazakhmys,” the firm said.
Eurasian had held informal talks with Kazakhmys, but no formal proposal had been made.
Eurasian shares had declined 1,02% in London by 15:25 GMT, to 970p.
Kazakhmys shares were up 12,9%, at 1 733p.
Edited by: Liezel Hill
