Russia's largest gold miner Polyus drops Fosun stake deal

Russia's largest gold miner Polyus drops Fosun stake deal

Gold bars weighing 25 kilogrammes cool in molds the Verninsky GOK gold mine and processing plant, operated by Polyus Gold International Ltd., near Bodaybo, Russia, on Wednesday, Sept. 23, 2015. Photographer: Andrey Rudakov/Bloomberg

Russia’s largest gold miner Polyus said on Monday that plans to sell a 10 percent stake to a consortium led by China’s Fosun International had been dropped after one of the conditions of the agreement was not met.

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