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                                              Petropavlovsk denies UGC merger talks

                                              London-listed Petropavlovsk has denied reports it is considering a tie-up with major shareholder, fellow Russian gold miner UGC.

                                              Petropavlovsk denies UGC merger talks Petropavlovsk denies UGC merger talks Petropavlovsk denies UGC merger talks Petropavlovsk denies UGC merger talks Petropavlovsk denies UGC merger talks

                                              Petropavlovsk's POX hub at Pokrovskiy – a project ten years in the making

                                              The Daily Telegraph quoted Petropavlovsk CEO Pavel Maslovskiy on Sunday saying a deal with UGC could "definitely happen".

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