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Article: Billionaire hires Credit Suisse to list 'cursed' Kazakhstan gold mine
- Article from:
- The Independent on Sunday (London, England)
- Article date:
- May 11, 2008
- Author:
CopyrightCopyright 2008 The Independent on Sunday. Provided by ProQuest LLC. (Hide copyright information)
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After failure of deal to create a national champion, Robert
Friedland sets sights on exploiting the high gold price to raise
$200m
Robert Friedland, the Canadian billionaire, has appointed three
banks led by Credit Suisse to organise a London and Toronto float
for a Kazakhstan gold mine known in the City as "the curse" in
London and Toronto.
The initial public offering valuing the Bakyrchik mine at $1bn-
plus is welcome news for the Kazakh government following the failure
on Friday of two of the country's biggest miners to agree a deal
that would have created a national champion. The deal collapsed when
Kazakhmys rejected a 7bn offer from fellow FTSE-100 miner Eurasian
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