Russian State fund could invest in miner Polyus with China's Fosun – source

The State-backed Russian Direct Investment Fund (RDIF) and China's Fosun International could announce an investment in Russia's top gold producer Polyus in early June, a source familiar with the talks told Reuters.

A consortium led by Fosun, one of China's most acquisitive conglomerates, has been in talks since last year to buy a stake in Polyus, controlled by the family of Russian tycoon Suleiman Kerimov, sources with knowledge of the matter have told Reuters.