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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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