Polymetal, the Kazakh gold producer that recently sold its Russian operations, continues to be haunted by its past in dealings with banks and suppliers, as it seeks to rebuild the business and relist in London in two years.
The former FTSE 100 gold producer has been forced to turn to Chinese suppliers for crucial equipment after western companies refused and to explore alternative financing routes as European lenders, including Société Générale and Raiffeisen, want to cut ties once debts have been repaid.
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