/REUTERS, London, October 3, 05/ - One of the three biggest gold mining companies of Kazakhstan Kazakhaltyn considers listing at stock exchange of London, its representative informed on Monday.

"IPO - opportunity, which is considered", - he said, adding, that decision will be taken in nearest future.

He refused to give comments regarding evaluation of the company's market capitalization, which is sub-controllable to Assaubayev's family.

As per recent estimations in press, Kazakhaltyn may value up to 500 m. pounds sterling (($883.1 m.).

The company ordered Netherlands ING Bank to study available opportunities to join capital markets.

In September Kazakhaltyn informed, that its net income (net income according to national standards) decreased in 2004 to KZT5.386 m. (nearly $40.000) from 44.602 m. a year before.

[2005-10-03]