Russian Antimony Miner for iPads Looks at IPO to Challenge China
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GeoProMining, the largest antimony producer outside of China, is considering an initial public offering of shares to help boost output of the metal used in iPads and fireproofed plastic.
“We don’t rule out an initial public offering of shares,” Sergei Nossoff, first vice president of the Moscow-based company, said in a telephone interview. GeoProMining produced 6,350 metric tons of antimony last year and plans to increase production 30 percent by 2014, he said.