Glencore May Buy Polyus Gold Kazakhstan Assets, Kommersant Says

Glencore International Plc’s Kazzinc unit is in talks with Polyus Gold International Ltd. to buy the Russian gold producer’s assets in Kazakhstan, Kommersant reported today, citing people it didn’t identify.

The Assaubayev family, which had exclusive rights to buy out Polyus’ Kazakh assets, failed to find the funds by a Dec. 12 deadline, Kommersant said. Polyus is now free to talk about a sale with other potential buyers, the newspaper said.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.