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Siberian Coal Energy Company Plan Could Kick off Mine Listings

Plans for a $9bn listing of Siberian Coal Energy Company (Suek) could trigger other mine listings, according to UK newspaper The Independent.

The listing on the London Stock Exchange has been revived by its owners, Russian billionaires Andrey Melnichenko and Sergei Popov. The proposal was initially made in mid-2008, but was withdrawn following chaos in the markets.

The plan is expected to kick off a chain of mining listings, including that of Mozambique-based Ncondezi in London.

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