£190m IPO for Russian miner

City A.M. Reporter
PLATINUM miner and producer Russian Platinum is considering going public to raise around $300m (£189m), according to reports from Moscow.

The company may hire Morgan Stanley and Goldman Sachs, a source told Reuters.

Russian Platinum, formed in 2011 from producer Amur’s platinum assets, produced 3.7 tonnes of platinum last year.

A company spokesperson declined to comment.