Finsbury wins JP Morgan mine job

JP Morgan Cazenove has appointed Finsbury to handle PR around a possible stock market listing of Kazakhmys, a copper mine in Kazakhstan.

Kazakhmys could be valued at £2bn if it lists in London later this year. Flotations in New York and Canada, where natural resource stocks are closely followed, are also possible.

JP Morgan said preparations for the float were still in their early stages, adding that it had hired Finsbury before Christmas.

Kazakhmys expects to produce 460,000 tonnes of copper this year, up from 427,000 tonnes last year.

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