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17

Norilsk Gold Unit Enters International Market

Russian metals giant Norilsk Nickel's subsidiary Polyus will enter international capital markets

Russian metals giant Norilsk Nickel?s subsidiary Polyus said it will enter international capital markets.

To do that, the company plans to list shares in New York or Toronto with a valuation of more than $3 billion, or to merge with a foreign company after 2007.

Thus Norilsk Nickel plans to turn its gold unit into a global mining group and is likely to draw investors wanting a stake in Russian gold.