Polyus and Polymetal contemplate merger

According to a report in Bloomberg dated 27 January 2012, Polyus Gold and Polymetal contemplating a potential merger of the gold miners. If they were to proceed with this plan, this would result in the establishment of the ninth largest producer of the metal globally. Polymetal is currently listed on the London Stock Exchange, where Polyus Gold has been trying to gain a listing, so far unsuccessfully. The merger would enable Polyus to gain this primary listing.