In early October, his company GNK (renamed from Nafta Moskva) made a play for a 35% stake in gold miner Polyus Gold.

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According to a Bloomberg report yesterday, the owners of Polyus Gold and another outfit Polymetal International Plc are considering merging the Russian gold miners as Polyus seeks a primary listing in London.

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The nine stocks capped at 4.75% during the last index rebalancing were Kinross Gold ( KGC), Anglogold Ashanti ( AU), Gold Fields ( GFI), Polyus Gold (OPYGY), Eldorado Gold ( EGO), Randgold Resources ( GOLD), Osisko Mining ( OSKFF), Petropavlovsk and Centerra Gold.

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