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Mining Giant With World's Largest Gold Pit Eyes Public Markets
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Mining Giant With World's Largest Gold Pit Eyes Public Markets
Uzbekistan’s state-backed Navoi Mining & Metallurgical Co. has selected major investment banks to lead a potential $20 billion initial public offering across London and Tashkent stock exchanges, according to Bloomberg, which cited people familiar with the matter. The dual listing aims to take advantage of gold’s strong performance this year, with the precious metal climbing nearly 30% and boosting valuations across the mining sector. NMMC descri…
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