M&A

Polymetal takes stake in Cyprus copper explorer

London-listed gold miner Polymetal has raised eyebrows by taking a large stake in Cyprus-focused copper junior Chesterfield Resources.

Chesterfield Resources's Troodos West copper project, Cyprus

Chesterfield Resources's Troodos West copper project, Cyprus

Polymetal will pay £2.1 million to acquire a 22.5% stake in Chesterfield, which is developing several projects in the centre and south west of the East Mediterranean island. Chesterfield said the cash...

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